Millionaires & Billionaires Billionaires

  • BEIJING— Asian shares tumbled Monday after Italian voters' rejected constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. Benchmarks in Taiwan and New Zealand also declined. It raises doubts about whether Italy will stay in the European Union and keep using the euro common currency.

  • *Li Ka-Shing's CKI rejected by Australia for earlier energy bid. SYDNEY, Dec 5- Hong Kong's Cheung Kong Infrastructure Holdings Ltd made a A $7.3 billion approach for Australian energy giant Duet Group, the target said, a sign CKI has not been deterred by a recent regulatory knockback Down Under. In August, the Australian government rejected a A $10 billion bid by...

  • CAIRO, Dec 4- Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy Tamer El Mahdi has been nominated as his successor, the company said on Sunday, without explaining his decision. "Naguib Sawiris has submitted his resignation from his position as CEO effective January 1st, 2017," Orascom Telecom Media and...

  • ROME— Italian voters dealt Premier Matteo Renzi a stinging defeat on his reforms referendum, triggering his resignation announcement and galvanizing the populist, opposition 5- Star Movement's determination to gain national power soon. Besides the "anti-establishment" 5- Stars, the outcome energized another "anti" party, the anti-immigrant Northern...

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • China lodged a diplomatic protest on Saturday after U.S. President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan.

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • WASHINGTON— President-elect Donald Trump supports completion of the disputed Dakota Access oil pipeline in the Midwest, based on policy and not the billionaire businessman's investments in a partnership building the $3.8 billion pipeline, according to an aide's memo. Trump's most recent federal disclosure forms, filed in May, show he owned a small amount of...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • *Bellamy warns supply glut hitting sales due to new China rules. SYDNEY, Dec 2- Infant formula maker Bellamy's Australia Ltd warned new import rules in China had created a supply glut that was hurting sales, sending its shares plunging more than 40 percent and sparking a broader sector sell-off. The new level of uncertainty hit shares in the sector hard as firms...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • MEXICO CITY— Mexican billionaire Carlos Slim says a Donald Trump presidency could be good news for Mexico. At a forum with former New York City Mayor Michael Bloomberg on Thursday, Slim discarded the pessimistic narrative about how Trump's hard-line views on immigration and free trade could shake Mexico. The telecommunications magnate, who is one of the...

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds in office, it will be good news for Mexico, and that he would be more worried as an American than a Mexican about the next U.S. government. Then, a few days before the Nov. 8 election, Slim said Trump's plans could "destroy" the United States economy.

  • SAO PAULO, Dec 1- Brazilian police investigating alleged bribery of tax officials on Thursday raided Itaú Unibanco Holding SA, the latest bank to be swept up in the widening probe. Apart from Sao Paulo- based Itaú, the tax probe has targeted its peers, including Banco Bradesco SA and a money management firm controlled by billionaire Joseph Safra's Safra Group...

  • SAO PAULO, Dec 1- Brazilian police investigating alleged bribery of tax officials on Thursday raided Itaú Unibanco Holding SA, the latest bank to be swept up in the widening probe. Apart from Sao Paulo- based Itaú, the tax probe has targeted its peers, including Banco Bradesco SA and a money management firm controlled by billionaire Joseph Safra's Safra Group...

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds as U.S. leader, it will be good news for Mexico, offering a more upbeat view on the outlook for a Trump government than he had previously. "That's fantastic for Mexico," Slim said at an event held by U.S. news agency Bloomberg in Mexico City.

  • *Popular is Spain's most exposed bank to problem property assets. MADRID, Dec 1- Banco Popular, regarded as the weak link in Spain's banking sector, is to replace Chairman Angel Ron after shareholders rebelled over his lacklustre progress in cleaning up 30 billion euros in toxic assets. Since Spain's 2012 financial collapse, banks have enacted many of the reforms...

  • CAPE CANAVERAL, Fla., Dec 1- Tech billionaire Elon Musk's SpaceX hopes to return its Falcon 9 rocket to flight on Dec. 16, said Iridium Communications Inc, which plans to have 10 of its satellites on board for launching. The launch is contingent on approval by the Federal Aviation Administration, which oversees U.S. commercial space transportation, Iridium said on...