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Millionaires & Billionaires Billionaires

  • It also set out a full-year capital expenditure target for France in the range of 1.4 to 1.5 billion euros for 2017 and 2018. It also said it would generate more than 1 billion euros in EBITDA, before capital expenditure in France from 2020.. It confirmed its target to achieve a consolidated EBITDA margin in France of more than 40 percent by 2020..

  • PARIS, March 7- French telecoms operator Iliad reported on Tuesday a 12.5 percent rise in its full-year core operating profits, propelled by higher margins at its mobile business. It also set out a full-year capital expenditure target for France in the range of 1.4 to 1.5 billion euros for 2017 and 2018. It also said it would generate more than 1 billion euros in...

  • DUBLIN, March 6- Packaging conglomerate Ardagh Group launched a long-awaited initial public offering late on Monday, as it sought to raise as much as $370 million by floating 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, has announced- and...

  • NEW YORK, Feb 27- Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, told CNBC on Monday that his conglomerate had purchased "70 million plus" shares of Apple Inc in 2017 and that U.S. stocks were not in "bubble territory." Berkshire revealed in its annual report on Saturday that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million...

  • WASHINGTON, March 6- The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said on Monday. The administration has no position "either way on this issue at this time," the...

  • NEW YORK, March 3- The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week President Donald Trump was about to issue an order overhauling the U.S. biofuels program- something both Icahn and the White House have denied. Clarifying for the first time how the Washington- based lobbying group had been led to believe Trump...

  • KINSHASA, March 3- Tens of millions of dollars in royalties and signing bonuses that Glencore told an independent transparency board it had paid to Congo's state mining company actually went to a business controlled by Israeli billionaire Dan Gertler, advocacy group Global Witness said in a report on Friday. Glencore-controlled Kamoto Copper Co told the...

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • NEW YORK, March 2- Investors piled into riskier assets again in the latest week, pouring cash into U.S.-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. U.S.-based funds invested in stocks pulled in $7.3 billion during the week ended March 1, a fifth straight week of inflows, while taxable bond funds attracted...

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • NEW YORK, March 2- A coalition of trade groups representing oil, biofuels and other interests pressed the U.S. government on Thursday to deny requests to tweak the country's biofuels program, the latest in a series of political maneuvers that have roiled markets. Some 15 trade groups including the American Petroleum Institute, Biotechnology Innovation...

  • SHANGHAI, March 2- China stock fell on Thursday, buyers retreated on speculation of a possible U.S. interest rate hike later this month and concerns liquidity could tighten as Beijing's steps up its fight against leverage. CSI300, the blue-chip index, has climbed around 20 percent over the past year on signs of economic recovery, supported by Beijing's fiscal...

  • NEW YORK, March 1- The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10- year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve as co-chief executive officer of the Westport, Connecticut- based firm, according to a note...

  • LONDON, March 1- A day after paying out $449 million to plug a pension hole in a failed retailer, billionaire Philip Green was given a little financial relief as MySale, the online "flash" sales group he backs, reported a jump in first-half core earnings. The Topshop owner's family owns a 22 percent stake in the Australia- based MySale, while Mike Ashley's Sports Direct...

  • America Movil fixed unit- sources@. MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line company Telmex from the rest of the company, three people familiar with the matter said. On Monday evening, the IFT's seven-person board voted on whether to toughen, maintain or loosen rules...

  • MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his mobile business, people familiar with the matter said, a move that would intensify antitrust rules against the company. Late on Monday, the regulator's seven-person board voted on whether to toughen,...

  • Feb 28- The White House on Tuesday denied that President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association said Trump's team had informed the group an order was pending. White House spokeswoman Kelly Love, however, said on Tuesday afternoon "there is no ethanol executive order in...

  • MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his wireless business, three people familiar with the matter said. On Monday evening, the IFT's seven-person board voted on whether to toughen, maintain or loosen rules for America Movil and broadcaster Grupo...

  • *UK pensions regulator secures record settlement. LONDON, Feb 28- Billionaire British retailer Philip Green has paid 363 million pounds to pension schemes of the now-collapsed department store chain BHS which he sold for one pound to a serial bankrupt with no retail experience. It was secured three months after it launched legal action against Green, who...

  • It also drew sharp criticism from some ethanol groups who said Trumps regulation adviser, billionaire investor and refinery owner Carl Icahn, had engaged in self-dealing by pushing for the deal. The head of the Renewable Fuels Association said the White House had informed him that Trump intends to sign an executive order shifting the obligation of blending...