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  • SAN FRANCISCO, Dec 1- Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the Facebook founder and chief executive officer's page and has attracted...

  • SAN FRANCISCO, Dec 1- Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said in a letter addressed to their newborn daughter. The plan, which was posted on the Facebook founder and Chief Executive's page, and has attracted more...

  • BOSTON, Dec 1- Billionaire investor William Ackman's Pershing Square Capital Management hedge fund lost 2 percent in November and ended the first 11 months of the year with a 17 percent loss, a person familiar with the number said. But on Tuesday, a nearly 10 percent rise in the stock of Valeant Pharmaceuticals, Ackman's biggest holding, helped pare the decline,...

  • LONDON, Dec 1- BlueCrest Capital Management, the $8 billion hedge fund firm founded by billionaire Michael Platt, is returning all the cash provided by outside investors amid pressure on fees, rising costs and a lackluster performance. The decision, which follows an exodus of capital in recent years and disappointing returns relative to some rivals, is a shock...

  • SYDNEY, Dec 1- Australia's Roy Hill iron ore mine is set to ship its first cargo, marking the start up of the last of the mining-boom era mega projects in Australia. Iron ore prices have slumped more than 75 percent since construction of the mine began four years ago in partnership with South Korean steelmaker POSCO, Japan's Marubeni Corp and Taiwan's China Steel...

  • Slim's America Movil loses top spot on Mexico index Monday, 30 Nov 2015 | 9:35 PM ET

    MEXICO CITY, Nov 30- Billionaire Carlos Slim's telecommunications giant America Movil is set to be knocked off its perch as the top-weighted company on Mexico's benchmark stock index, after a quarterly rebalancing that takes effect on Tuesday. The firm reported its first quarterly loss in 14 years last month due to a sharp depreciation in Latin America's...

  • SAO PAULO, Nov 30- Grupo BTG Pactual SA looked to new leadership to steer it out of crisis on Monday after controlling shareholder André Esteves resigned as CEO and chairman following his jailing as part of Brazil's sweeping corruption probe. Shares and bonds in Latin America's largest independent investment bank plummeted, reflecting concerns about the...

  • NEW YORK, Nov 30- Russia has banned a pro-democracy charity founded by hedge fund billionaire and philanthropist George Soros, saying it posed a threat to both state security and the Russian constitution. In a statement released on Monday, Russia's General Prosecutor's Office said two branches of Soros' charity network- the Open Society Foundations and the...

  • SAO PAULO, Nov 30- Brazil's Grupo BTG Pactual SA looked to new leadership to steer it out of crisis on Monday after controlling shareholder André Esteves resigned as CEO and chairman following his jailing as part of the country's sweeping corruption probe. Shares and bonds in Latin America's largest independent investment bank plummeted, reflecting...

  • *BTG Pactual Commodities has only modest physical assets. LONDON, Nov 30- Brazil's Grupo BTG Pactual SA is reviewing its assets and may sell part of its commodities unit to raise capital after the arrest of the bank's chief executive, a source familiar with the matter said on Monday. The bank is now seeking to shore up its balance sheet, after Esteves' arrest prompted...

  • SAO PAULO, Nov 30- André Esteves, the Brazilian billionaire financier who was arrested last week in a sweeping corruption investigation, tried to turn Grupo BTG Pactual SA into the largest independent investment bank in emerging markets. The same year, they bought back Banco UBS Pactual SA from UBS Group AG, merging the units into Grupo BTG Pactual SA.

  • SAO PAULO, Nov 30- Brazilian financier André Esteves resigned as chief executive officer and chairman of Grupo BTG Pactual SA late on Sunday after he was jailed as part of a corruption probe rapidly ensnaring Latin America's largest independent investment bank. Prosecutor General Rodrigo Janot used evidence and testimony from others under investigation...

  • SAO PAULO, Nov 30- Brazilian financier André Esteves resigned as chief executive and chairman of Grupo BTG Pactual SA late on Sunday after he was jailed as part of a corruption probe rapidly ensnaring Latin America's largest independent investment bank. Prosecutors are preparing to file charges against the billionaire dealmaker, who they suspect, along...

  • SAO PAULO, Nov 30- Brazilian financier André Esteves resigned as chief executive and chairman of Grupo BTG Pactual SA late on Sunday after he was jailed as part of a corruption probe rapidly ensnaring Latin America's largest independent investment bank. It is the first time the bank has been directly implicated in the bribery scandal and the paper said...

  • NEW YORK, Nov 29- Bill Gates and some of the world's other richest entrepreneurs will join with governments from both rich and emerging countries on Monday to kick off the Paris climate talks by pledging billions of dollars of investment in clean energy technologies. The United States, France, India and 17 other countries will announce they will double the $10...

  • The lawyer, Edson Ribeiro, was in the United States when Brazilian police jailed Senator Delcidio do Amaral and the chief executive officer of Brazil's biggest independent investment bank on suspicion of obstructing the corruption investigation into state-run oil firm Petrobras. The unprecedented arrests of Amaral, President Dilma Rousseff's point man...

  • Suit raises questions about Sumner Redstone Friday, 27 Nov 2015 | 6:06 AM ET
    Summer Redstone

    A U.S. lawsuit raises new questions about the competence of Sumner Redstone and his ability as executive chairman of to run Viacom and CBS.

  • BRASILIA, Nov 26- President Dilma Rousseff's austerity program to fix Brazil's shaky finances is again in trouble after her point man in the Senate was arrested in a widening corruption scandal, and it could reignite calls for her impeachment. "Unfortunately the political crisis deepens further and complicates our agenda in Congress." Delcidio do Amaral is the...

  • STAVANGER/ OSLO, Norway, Nov 26- Private equity investors are buying up assets in Norway's crisis-hit oil sector, betting on a recovery in crude prices and cutting deals with energy firms whose focus is elsewhere and are happy to generate some cash. Russian billionaire Mikhail Fridman and Sam Laidlaw, former chief executive of British utility Centrica, are among...

  • Nov 25- A U.S. lawsuit raises new questions about the competence of Sumner Redstone and his ability as executive chairman of Viacom Inc and CBS Corp to run the two media companies. In a probate lawsuit filed in Los Angeles County Superior Court, Manuela Herzer, one of the billionaire media mogul's former girlfriends, described him as mentally vacant, "listless" and...