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  • MOSCOW, March 11- Glencore is to take a 49 percent stake in Russian oil producer Russneft as a result of a restructuring, its owner said on Wednesday, despite fears that an escalating conflict between Moscow and the West over Ukraine could lead to wider sanctions against the Kremlin. The non-cash transaction will convert shares Glencore has held for the past...

  • LONDON, March 11- Ukrainian miner Ferrexpo said higher iron ore pellet premiums and lower production costs helped offset a steep fall in iron ore prices and limit the fall in its annual core profit to just 2 percent. Benchmark iron ore prices fell 28 percent last year due to a supply glut and Ferrexpo said it expects 2015 prices to be "materially below" last year's...

  • NEW DELHI, March 11- An Indian court summoned former Prime Minister Manmohan Singh on Wednesday over accusations of criminal conspiracy and corruption over the award of a coal field during his term, in a blow for the Gandhi dynasty that ruled India until last year. A special court under the Central Bureau of Investigation summoned the former prime minister...

  • NEW DELHI, March 11- Former Prime Minister Manmohan Singh was summoned on Wednesday by a court accused of criminal conspiracy in an inquiry into the award of coal fields during his term, in a blow for the Gandhi dynasty that ruled India until last year. Most coal block awards made by Singh's government, which ran India for a decade, were overturned by the Supreme...

  • Ackman's $20 billion Pershing Square Capital Management hedge fund began building up the $3.3 billion stake, only months after its vocal effort to help Valeant buy Botox-maker Allergan failed, a source familiar with the investment told Reuters. His Pershing Square has notched big wins at railway firm Canadian Pacific and shopping mall operator General...

  • ZURICH, March 9- Swiss company Holcim came under pressure on Monday to secure improved terms for its shareholders in a planned merger with France's Lafarge that would create the world's largest cement maker. Holcim's largest stakeholder, Thomas Schmidheiny, who owns about 20 percent of the company, is demanding a better deal, Swiss weekly SonntagsZeitung...

  • ROME, March 8- Italy's four-time ex-Prime Minister Silvio Berlusconi confirmed on Sunday his party would not support the government's proposed constitutional reforms as he sought to hold his party together and reclaim his leadership of the centre-right. On Tuesday the lower house of parliament, where Prime Minister Matteo Renzi commands an ample majority,...

  • NEW YORK, March 5- The U.S. Marshals Service on Thursday held its third auction of bitcoins seized from Ross Ulbricht, convicted of operating black-market website Silk Road, with a sale of 50,000 units attracting higher demand than the previous auction. The government had 14 registered bidders for the 34 bids received, said Marshals Service spokeswoman Lynzey...

  • March 5- The Bill& Melinda Gates Foundation said it would invest $52 million in CureVac, a German biotechnology company that develops vaccines and immunotherapies, marking the foundation's biggest-ever equity investment. As part of the deal, any Gates Foundation- funded products will be made available by CureVac at affordable prices in poor countries.

  • TORONTO, March 5- Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said. The ramp-up in Kit and Ace's growth plans comes as Lululemon Athletica Inc founder Chip Wilson, who announced...

  • NEW YORK, March 5- The U.S. Marshals Service on Thursday started auctioning off 50,000 bitcoins following the conviction of Ross Ulbricht for running Silk Road, the underground website where authorities said drugs and other illegal goods could be bought using the virtual currency. The Marshals Service conducted auctions in June and December for nearly...

  • March 4- British online luxury fashion company Farfetch said it raised $86 million from investment firm DST Global and existing shareholders, valuing the company at $1 billion. London- based Farfetch's shareholders include media company Conde Nast International and private equity firm Vitruvian Partners. DST Global is run by Silicon Valley- based Russia-...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • LONDON, March 4- Russian billionaire Mikhail Fridman's LetterOne investment fund said on Wednesday it was still keen to work with the British government to find a solution that would allow it to buy assets in the North Sea. "We are keen to work with the government and will leave no stone unturned to find a solution in the interest of everyone concerned," the fund said.

  • Chinese, young tech guys getting richer: Forbes Monday, 2 Mar 2015 | 6:41 PM ET
    Chinese, young tech guys getting richer: Forbes

    Luisa Kroll, assistant managing editor for Wealth at Forbes Media, says the magazine's annual billionaires list shows China and California's tech entrepreneurs rising in terms of wealth creation.

  • Who's in Forbes' top billionaires list? Monday, 2 Mar 2015 | 6:40 PM ET
    Who's in Forbes' top billionaires list?

    Forbes has released its annual list of the world's billionaires, with Bill Gates taking the top spot. CNBC's Bernie Lo has more.

  • Forbes' top billionaires list Monday, 2 Mar 2015 | 10:48 AM ET
    Forbes' top billionaires list

    Kerry Dolan, Forbes wealth assistant managing editor, discusses who topped the world's billionaire's list.

  • Day in the life of a billionaire Friday, 13 Feb 2015 | 12:19 PM ET
    Day in the life of a billionaire

    CNBC's Eric Chemi takes a look at the "daily" worth over the lifetime of a few billionaires.

  • For sale: Warren Buffett's autographed Cadillac Monday, 9 Feb 2015 | 5:59 PM ET
    Warren Buffett's Cadillac

    Warren Buffett's personal 2006 Cadillac DTS is up for auction, and the proceeds are going to a good cause.

  • Regeneron, Vertex execs heads to White House Wednesday, 28 Jan 2015 | 4:55 PM ET
    Regeneron, Vertex execs heads to White House

    Executives are headed to the White House Friday to discuss President Obama's precision medicine initiative, reports, CNBC's Meg Tirrell.