Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected.Retailread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
July 31 (Reuters) - Casino operator Crown Resorts on Wednesday dismissed media reports that it flouted visa rules to bring Chinese gamblers to Australia after the government ordered an inquiry into immigration officials' dealings with the company.
Since the weekend, media have said Crown hired travel agents with ties to drug traffickers to bring in the gamblers, knowingly allowed the gamblers to launder money at its casinos and pressured immigration officials to fast-track visas for high rollers.
After the reports, Attorney General Christian Porter said he referred the accusations to the Australian Commission for Law Enforcement Integrity, an anti-corruption body that investigates federal agencies, since they related to government officials.
In a open letter signed by its board, and circulated by the Australian Securities Exchange, Crown's directors said the company was being subjected to a deceitful campaign that had unfairly attempted to damage its reputation.
"Much of this unbalanced and sensationalised reporting is based on unsubstantiated allegations, exaggerations, unsupported connections and outright falsehoods," the directors said.
"Crown has not sought to circumvent visa requirements or compromise any process of identification or verification for immigration purposes," they added.
Signatories included Crown's Executive Chairman John Alexander, former finance department head Jane Halton, former communications minister Helen Coonan and Geoff Dixon, the former chief executive of Qantas Airways.
Founder and major shareholder James Packer did not sign the letter, as the billionaire has no executive or board position, despite owning a fifth of the company.
The letter reiterated previous company statements that it had a comprehensive anti-money laundering programme and a robust process for vetting junket operators, describing itself as "a highly reputable Australian and global tourism operator".
A Crown spokeswoman did not immediately respond to an email seeking further explanation of the letter.
Crown shares have fallen 6.4% in three trading days since media started running the reports.
Crown also denied withholding market-sensitive information in a letter published separately that responded to an Australian Securities Exchange query whether it had withheld information that might have influenced trade in its shares. (Reporting by Byron Kaye in SYDNEY and Nikhil Kurian Nainan in BENGALURU; Editing by Clarence Fernandez)