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Millionaires & Billionaires Billionaires

  • LONDON, March 16- Indian billionaire Anil Agarwal said he was buying a 2 billion pound stake in Anglo American, sending the global miner's shares sharply higher and signaling a possible return to large-scale dealmaking in the sector. Anglo American, which has a market value of around 16.75 billion pounds, refused to comment. Wednesday's announcement of...

  • *Anglo American tops STOXX after billionaire buys stake. Fed raised rates and center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015.

  • *FTSE 100 up 1 pct. LONDON, March 16- UK shares rallied to record highs on Thursday, lifted by a surge in commodities-related stocks following an interest hike by the U.S. British stocks joined in a broader rally among major European indexes which gained after Dutch Prime Minister Mark Rutte won an election victory in the Netherlands, fighting off a challenge from...

  • Fed raised rates and Dutch center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015. Dutch center-right Prime Minister Mark Rutte scored a resounding victory over anti-Islam and...

  • *Coming Up: U.S. Housing starts, Building permits Feb at 1230 GMT. MELBOURNE, March 16- London copper hit its highest in more than one week on Thursday as the dollar dropped after the U.S. All metals increased, with copper prices as supply disruptions at mines in Chile, Peru and Indonesia continue to add to concerns over supply deficits. "

  • MELBOURNE, March 16- London copper hit its highest in more than a week on Thursday as the dollar dropped after the U.S. *Shanghai Futures Exchange copper rose 1.2 percent to 47,960 yuan a tonne. *Shanghai Futures Exchange zinc jumped more than 3 percent, riding on the coattails of a rally in steel driven by China's infrastructure push.

  • *Financing structure is first of its kind. LONDON, March 15- Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to 2 billion pounds in Anglo American, but had no intention of trying to take control of the global miner. The structure of the bond limits any downside, the sources said, adding the advantage of buying into Anglo American, whose...

  • LONDON, March 15- Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to 2 billion pounds in Anglo American but had no intention of trying to take control of the global miner. Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment through his family trust Volcan Holdings, Volcan said in a...

  • LONDON, March 15- Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to $2 billion in Anglo American but had no intention of trying to take control of the global miner. Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment through his family trust Volcan Holdings, Volcan said in a statement.

  • One-time Twitter backer, now hates the stock

    Billionaire Chris Sacca took to Twitter to express his frustration over the company's stock and bot issue.

  • March 14- Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc, the company he founded and runs. The deal, with Los Angeles Times- parent tronc Inc, is a boost for the Washington Post as it looks to branch out from its...

  • March 14- Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc, the company he founded and runs. The deal, with Los Angeles Times- parent tronc Inc, is a boost for the Washington Post as it looks to branch out from its...

  • NEW YORK, March 14- A group advising U.S. The group, led by billionaire New York real estate developers Richard LeFrak and Steve Roth, made the suggestion to Trump and others in the White House last week, LeFrak told Reuters on Monday. Any pilot program would be up to state and federal officials and Congress, he said.

  • DUBLIN, March 14- Packaging conglomerate Ardagh Group on Tuesday priced its long-awaited initial public offering at $19 per share in a listing of around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, had announced- and then delayed- a stock market...

  • BOSTON, March 14- Valeant Pharmaceuticals Inc's stock price fell to its lowest level in eight years on Tuesday after the abrupt exit of its biggest supporter put renewed focus on the Canadian company's most pressing problem: raising capital to cut its roughly $30 billion debt pile. On Tuesday, the Canadian company's U.S. listed shares dropped 10 percent to...

  • *Index touches its lowest since Dec. 30. TORONTO, March 14- Canada's main stock index tumbled on Tuesday to its lowest this year as declining oil prices weighed on the energy sector, while Valeant Pharmaceuticals International Inc plunged on the exit of an activist investor. Losses for the Toronto Stock Exchange's S&P/TSX composite index came as global...

  • Airline stocks dropped as a blizzard swept through the heavily populated northeastern United States, grounding thousands of flights. United Continental fell 4.7 percent to $66.55 while Southwest Airlines dropped 3.0 percent and American Airlines lost 2.7 percent. Oil prices slid to the lowest since late November after OPEC reported a rise in global crude...

  • Airline stocks slipped as a blizzard swept through the heavily populated northeastern United States, grounding thousands of flights. United Continental fell 4.7 percent to $66.55 while Southwest Airlines dropped 3.1 percent and American Airlines lost 2.8 percent. Oil prices slid to three-month lows after OPEC reported a rise in global crude inventories...

  • March 14- American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter. AIG said last week that Hancock would step down, a decision he made after the insurer's poor financial...

  • *Euro Disney defends terms of Walt Disney takeover. LONDON/ PARIS, March 14- An activist hedge fund has criticised plans by Walt Disney to take full control of debt-laden Paris theme park operator Euro Disney, according to a letter seen by Reuters. Paris- based CIAM, which owns 1.4 percent of Euro Disney shares, has written to the board of the French company to object to...