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Asia pauses after Wall Street peak, dollar stands tall

SYDNEY - A holiday lull settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices suffered a stinging setback after Saudi Arabia quashed all thought of curbing supply.

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U.S. existing home sales hit six-month low, inventories low

WASHINGTON - U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery. | Video

6:33pm EST

Russia in recession in 2015, ruble to stay pressured: Reuters poll

MOSCOW - The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite. | Video

1:12pm EST

Icahn's money could keep Atlantic City casino open another year: lawyer

WILMINGTON, Del. - The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday.

2:38pm EST

Madoff victims' payout nearing $7.2 billion: trustee

NEW YORK - Victims of Bernard Madoff's massive Ponzi scheme will get afresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery total to more than $7 billion.

Gucci to check Chinese suppliers after TV exploitation charges

MILAN - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.

11:55am EST

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