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Millionaires & Billionaires Billionaires

  • Missing Chinese billionaire?

    Chinese billionaire Xiao Jianhua was taken by police from the Four Seasons Hotel in Hong Kong, and now his whereabouts are unknown. CNBC's Robert Frank reports.

  • HONG KONG, Feb 1- The uncertain fate of Xiao Jianhua, a China- born billionaire who was last seen at a luxury Hong Kong hotel a week ago, has raised fresh fears about the city's autonomy amid media reports he may have been abducted by Chinese agents. Three of the staff were detained while in China, but two with foreign passports were taken there against their will from...

  • In this Dec. 2013, photo, Xiao Jianhua, a Chinese-born Canadian billionaire, reads a book outside the International Finance Centre in Hong Kong. Mystery surrounds the whereabouts of Xiao reportedly taken away from his Hong Kong hotel by mainland police, in a case that could rekindle concerns about overreach by Chinese law enforcement in the semiautonomous city.

    The abduction stokes fears that Hong Kong is losing its autonomy, Financial Times reports.

  • *More expected to follow, FTSE 350 deficits trebled in 2016. LONDON, Jan 31- More UK companies are expected to adjust capital or cut dividends to fill growing holes in final salary pension schemes this year. But years of low UK interest rates and a flight to safe-haven investments after Britain's June vote to exit the European Union have depressed yields, leaving...

  • Jan 31- The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election.

  • Some of Toyota's 1,500 dealers heeded the call and contacted members of the House of Representatives' tax-writing Ways and Means Committee, urging them to rethink their proposal, according to people familiar with the effort. The Japanese automaker's mobilization of its army of dealers underscores the growing alarm among some of the world's largest...

  • Jan 30- Billionaire investor William Ackman's Pershing Square Capital Management has raised its stake in snack maker Mondelez to 6.4 percent. The hedge fund previously had a 5.6 percent stake in the maker of Oreo cookies, Trident gum and Milka chocolate. Ackman revealed in 2015 that Pershing Square had built a stake worth about $5.5 billion in Mondelez, in what...

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. While the leaders of Apple Inc, Google and Facebook Inc emailed their staff to denounce the suspension of the U.S. refugee program and...

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. Wall Street, meanwhile, is hoping the new administration will ease some of the regulations introduced in the wake of the 2007-08...

  • *TF1 selling stake in Groupe AB to Mediawan. PARIS, Jan 30- Mediawan, a media acquisition vehicle founded by well-known personalities including telecoms billionaire Xavier Niel and Lazard banker Matthieu Pigasse, is in talks to buy Groupe AB to expand in the television sector. The company was set up by Pierre-Antoine Capton, founder of French media producer 3 e...

  • NEW YORK/ BOSTON, Jan 30- Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. Wall Street, meanwhile, is hoping the new administration will ease some of the regulations introduced in the wake of the 2007-08...

  • *Washington, New York, Los Angeles among cities with protests. WASHINGTON, Jan 29- President Donald Trump's administration on Sunday tempered a key element of his move to ban entry of refugees and people from seven Muslim-majority countries in the face of mounting criticism even from some prominent Republicans and protests that drew tens of thousands in major...

  • *Republicans Corker, McCain, Graham criticize directive. *Washington, N.Y., Los Angeles among cities with protests. WASHINGTON, Jan 29- President Donald Trump's administration on Sunday tempered a key element of his move to ban entry of refugees and people from seven Muslim-majority countries in the face of mounting criticism even from some prominent...

  • INDIAN WELLS, Calif., Jan 29- Billionaire industrialist Charles Koch is launching a campaign to sink a border tax under consideration by Republican leaders in Congress, a move that could complicate the lawmakers' efforts to find a way to pay for President Donald Trump's proposed wall on the U.S. border with Mexico. Americans for Prosperity, a conservative...

  • Homeland Security Secretary John Kelly said in a statement that people from the seven countries who hold so-called green cards as lawful permanent U.S. residents would not be blocked from returning to the United States from overseas, as some had been following the directive. Outside the White House, where some viewing stands from Trump's Jan. 20 inaugural...

  • WASHINGTON, Jan 29- President Donald Trump on Sunday defended his move to ban entry of refugees and people from seven Muslim-majority nations and said the United States would resume issuing visas for all countries in the next 90 days as he faced rising criticism at home and abroad and new protests in U.S. cities. Tens of thousands turned out at protests in cities...

  • MEXICO CITY, Jan 27- Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called...

  • In a rare news conference, the telecoms and construction mogul called Trump a negotiator, "not Terminator" and said his repeated attacks on Mexico had united the country, giving President Enrique Pena Nieto "strength" in trade and border security talks. "This is the most surprising example of national unity that I've had the pleasure of seeing in my life," Slim said,...

  • *Trump says Mexico has' beat us to a pulp' in past deals. WASHINGTON, Jan 27- The presidents of the United States and Mexico spoke by phone on Friday after relations between the neighboring countries frayed further over Donald Trump's border wall plan, with the U.S. leader calling the talk friendly but still demanding reworked trade and other ties.

  • HOUSTON/ NEW YORK, Jan 27- As with many industries now fretting over the uncertain future of U.S. trade policy, the oil business is sizing up the potential impact of the various protectionist measures being bandied about Washington- which have sent crude markets into a tizzy. That would spark a rise in fuel costs across the country that would hurt East and West Coast...