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  • DUBAI, Oct 7- Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm Kingdom Holding now together own more than 5 percent of Twitter Inc, the prince's office said on Wednesday. Kingdom Holding has paid $50 million to double its stake in the microblogging site to 0.72 percent, the Riyadh- based company said in a separate bourse statement.

  • NEW YORK, Oct 6- U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, a former U.N. ambassador from Antigua and Barbuda who was general assembly president from 2013 to 2014, was accused in a complaint...

  • DuPont CEO departure buys time to appease Peltz Tuesday, 6 Oct 2015 | 7:05 PM ET

    BOSTON/ TORONTO Oct 6- The departure of DuPont's chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months' grace to boost its stock price and appease activist investor Nelson Peltz. "This goes a long way to inoculate the company from another proxy fight," said Damien Park, who works with companies facing pressure from...

  • Oct 6- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinter Usain Bolt and the West Indies cricket team, has decided to withdraw its plans to go public for now, citing "current conditions, particularly in emerging markets." The company, owned by Irish billionaire Denis O'Brien, was expected to raise as much as $2 billion from its U.S.

  • NEW YORK, Oct 6- More people could face criminal charges as part of a corruption probe that has already led to the arrest of a former president of the United Nations General Assembly, Manhattan U.S. Attorney Preet Bharara said on Tuesday. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused on Tuesday of taking more than $1.3...

  • NEW YORK, Oct 6- U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused in a complaint filed in federal court in New York of...

  • LONDON, Oct 5- If brewing giant Anheuser-Busch InBev buys SABMiller, it will likely force its centralized and standardized operating model on a business known for regional independence. "Investors recognize that two organizations have different cultures but at the end of the day, really they're concerned about sustainable earnings growth," said Bernstein...

  • NEW YORK, Oct 6- U.S. authorities arrested a former president of the United Nations General Assembly on Tuesday for engaging in a wide-ranging corruption scheme involving a billionaire Macau real estate developer and four other defendants. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused in a complaint filed in New...

  • NEW YORK, Oct 6- U.S. authorities plan to announce charges in a corruption investigation involving United Nations officials and a billionaire real estate developer from the Chinese territory of Macau, a person familiar with the matter said on Tuesday. But the source said the charges related to last month's arrest of Ng Lap Seng, a Macau- based developer accused of...

  • OFFICIALS, MACAU BILLIONAIRE NG LAP SENG: SOURCE.

  • NEW YORK, Oct 5- The U.S. government on Monday announced it would hold a final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where illegal drugs and other goods could be purchased with the digital currency. The auction will be the last of the bitcoins the government took into custody while prosecuting Ross...

  • LONDON, Oct 5- If brewing giant Anheuser-Busch InBev buys SABMiller, it will likely force its centralised and standardised operating model on a business known for regional independence. "Investors recognise that two organisations have different cultures but at the end of the day, really they're concerned about sustainable earnings growth," said Bernstein...

  • *Telenor seeks to sell 33 pct stake in Vimpelcom. *Vimpelcom has been headache for Telenor. OSLO, Oct 5- Norwegian telecoms firm Telenor wants to sell its 33- percent stake in Vimpelcom, currently valued at $2.3 billion, the latest move by a Nordic telecoms firm to sever ties with a business facing a bribery investigation.

  • LONDON, Oct 2- When Claude Dauphin, the billionaire founder of Trafigura, was diagnosed with cancer two years ago, few doubted he would entirely abandon the fierce work ethic or grueling travel that helped him build one of the world's biggest commodity traders. In fact, according to some insiders, he barely slowed down in the months prior to his death this week in...

  • BOSTON, Oct 1- Billionaire hedge fund manager William Ackman's Pershing Square Holdings fund is nursing a 12.6 percent loss for 2015, an investor who received Ackman's letter on Thursday said, marking a dramatic reversal of fortune for one of last year's best performing managers. Pershing Square tumbled 12.5 percent last month, the investor told Reuters, when...

  • MEXICO CITY, Oct 1- Mexican industrial conglomerate Alfa said on Thursday it would buy a majority stake in telecoms company Axtel in order to better rival Carlos Slim's America Movil, which dominates Mexico's fixed-line phone market. Axtel will remain traded on Mexico's stock exchange, the two firms said in a joint statement. The merger follows a sweeping...

  • MEXICO CITY, Oct 1- Mexican telecommunications firms Alestra, a unit of industrial conglomerate Alfa, and Axtel announced they would merge on Thursday to better rival Carlos Slim's America Movil, which dominates the fixed-line market. Alfa will own 51 percent of the new company once new shares are issued, while Axtel will remain traded on Mexico's stock...

  • Trading legend Dauphin leaves void at Trafigura Thursday, 1 Oct 2015 | 2:53 PM ET

    LONDON, Oct 1- When Claude Dauphin, the billionaire founder of Trafigura, was diagnosed with cancer two years ago, few doubted he would entirely abandon the fierce work ethic or grueling travel that helped him to build one of the world's biggest commodity traders. In fact, according to some insiders, he barely slowed down in the months prior to his death this week in...

  • Rising anger in Thailand's boom-to-bust northeast Wednesday, 30 Sep 2015 | 5:00 PM ET

    *Rising discontent in Thailand's northeast. KHON KAEN, Thailand, Oct 1- The rural heartland of Thailand's deposed leader Yingluck Shinawatra and her exiled billionaire brother Thaksin is hurting as a result of the military government's economic policies, stirring discontent and the threat of protests. The removal of generous agricultural subsidies has...

  • BRUSSELS/ LONDON, Sept 30- A $70 billion debt package being arranged to fund Anheuser-Busch InBev's takeover of SABMiller still leaves the world's largest brewer with a tricky balancing act in satisfying a range of shareholder camps with different needs. SABMiller's two major shareholders face potential capital gains taxes, so may want to get paid in shares-...