Millionaires & Billionaires Billionaires

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • BENGALURU, June 28- Gold held near its highest in over two years early on Tuesday, buoyed by safe-haven demand after global stock markets plummeted in the wake of Britain's decision to exit the European Union. *Bullion rallied 8 percent to $1,358.20 at one stage on Friday, the highest price since March 2014, and ended up 4.8 percent, its biggest one-day gain since...

  • June 27- A federal bankruptcy judge in Texas on Monday ordered former billionaire Sam Wyly to pay $1.11 billion in back taxes, interest and penalties after finding he committed tax fraud by shielding much of his family's wealth in offshore trusts. Bankruptcy Judge Barbara Houser in Dallas calculated the payout after ruling on May 10 that Wyly and his late...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware Court of Chancery on Friday that said Energy Transfer, or ETE, had not...

  • June 25- Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the bloc makes "disintegration of the EU practically irreversible." Soros, who warned of financial meltdown if Britain voted to leave the EU before Thursday's referendum, also...

  • June 25- Billionaire investor George Soros said on Saturday that Britain's vote to leave the European Union makes "disintegration of the EU practically irreversible," and that the effects of Thursday's referendum will likely damage Britain. "Britain eventually may or may not be relatively better off than other countries by leaving the EU, but its economy and...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal that Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger agreement...

  • LONDON, June 24- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London's dominance of finance. The news hammered the stock values of banks from mainland Europe to Wall Street giants with large operations in London,...

  • LONDON, June 24- British markets plunged on Friday, with sterling hitting a 31- year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union. Bonds also sold off sharply, pushing UK government borrowing costs sharply higher, as traders and investors grappled with the market...

  • BRUSSELS, June 24- Britain's shock vote to leave the European Union- the first time a member state has chosen to pull out- sends the post-World War Two unification process that has underpinned peace and prosperity on the continent into reverse. Britain's vote plunges the EU into its third major crisis of the decade after the euro zone debt turmoil that began in...

  • *Africa's richest man piling in to oil and gas. LAGOS, June 24- Africa's richest man, Aliko Dangote, plans to launch Nigeria's first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Until recently, Nigeria was Africa's biggest crude oil...

  • LONDON, June 24- Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis on Friday as Britain's shock vote to leave the European Union sparked turmoil on global financial markets. But sterling was still down more than 6 percent against the dollar by mid-morning in London, its biggest fall...

  • LONDON, June 24- UK financial markets braced for one of their most volatile days ever on Friday, with sterling hitting a 31- year low in its biggest fall in history after Britons voted to leave the EU and David Cameron said he would resign as prime minister. Government bond yields pointed to a new record low and UK and European stocks opened 8 percent lower,...

  • The vote is expected to deliver at least a short-term hit to growth in Britain and might push it into recession. It could prompt the Bank of England to cut interest rates to zero and test the willingness of creditors to keep on funding Britain's current account deficit. Further ahead, the implications of the vote will depend on what kind of trading relationship...

  • LONDON, June 24- British markets plunged on Friday, with sterling hitting a 31- year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union. Bonds also sold off sharply, pushing UK government borrowing costs sharply higher, as traders and investors grappled with the market...

  • WASHINGTON, June 24- U.S. House of Representatives Republicans want to lower the top individual income tax rate to 33 percent and slash the corporate tax rate, according to a blueprint released on Friday as an agenda for this year's re-election campaign. The tax reform plan, to be officially unveiled on Friday morning at the U.S. Capitol, is the sixth and final plank...

  • *Leave stronger than expected in northeast England. LONDON, June 24- Britain's bitterly contested referendum on whether to quit the European Union was too close to call on Friday as partial results showed a deeply divided nation, while the pound was hammered on growing market fears of a "Brexit". They scored close to 70 percent of the vote in Hartlepool in northeast...

  • LONDON, June 24- British markets plunged on Friday, with sterling on track for its biggest ever one-day fall and UK stock futures pointing to a steep fall at the market open, after EU vote counts indicated Britons could be on course to leave the European Union. London bankers working through the night said they hadn't seen anything like the volatility sweeping...

  • *UK financial industry employs 2.2 million people. LONDON, June 23- Traders are at their desks for the night, corporate lawyers are staffing a "rapid response" centre and the Bank of England is on high alert; Britain's financial sector is as ready as it can be for a referendum that may change the industry forever. Those who want Britain to stay believe a vote for "Brexit"...