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Millionaires & Billionaires Billionaires

  • *Trafigura hires traders to form new oil desk in Mumbai. NEW DELHI/ SINGAPORE, Oct 14- A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's largest oil producer and the world's fastest growing fuel consumer.

  • NEW DELHI, Oct 13- A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12- $13 billion deal including debt, two sources privy to the deal said, giving the Kremlin access to the South Asian nation's growing fuel market. Russia is keen to develop and deepen its Soviet-era economic ties with India at a time when its own economy is stagnant, hit by...

  • NEW DELHI, Oct 13- Russian oil major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12- $13 billion including debt, two sources familiar with the deal told Reuters on Thursday. Essar Oil operates a 400,000 barrel-per-day oil refinery on India's west coast and sells fuels through its 2,470...

  • *Billionaire Bill Gates invests in plant protein companies. WINNIPEG, Manitoba, Oct 13- Some major North American meat producers are clearing room on their plates for plant-based substitutes, hedging their bets as consumer tastes shift and high-tech startups seek to create meat alternatives that taste like the real thing. The trend was highlighted on Monday...

  • The Facebook CEO and his wife are investing in a new tech team for the Chan Zuckerberg Initiative.

  • MEXICO CITY, Oct 12- A U.S. wireless startup backed by a co-founder of web phone service Skype has teamed up with Mexican pay-TV provider Dish Mexico to lure subscribers with free call and data plans in the country's growing and increasingly competitive mobile market. MVNOs, like Virgin Mobile, which has just a 0.6 percent market share in Mexico, rent capacity from...

  • WASHINGTON/ NEW YORK, Oct 11- A federal appeals court ruled on Tuesday that the structure of the U.S. agency charged with guarding consumers' finances is unconstitutional, fueling an election-year political fight over one of the signature government responses to the 2007-09 financial crisis. The U.S. Court of Appeals for the District of Columbia Circuit threw...

  • WASHINGTON/ NEW YORK, Oct 11- A federal appeals court ruled on Tuesday that the structure of the U.S. agency charged with guarding consumers' finances is unconstitutional, fueling an election-year political fight over one of the signature government responses to the 2007-09 financial crisis. The U.S. Court of Appeals for the District of Columbia Circuit threw...

  • CAPE CANAVERAL, Fla., Oct 11- Launch pads and equipment at the Kennedy Space Center mostly escaped damage as Hurricane Matthew swept along Florida's east coast, the director of the NASA facility said on Tuesday, but last week's storm still caused millions of dollars in damages. The damage allowed rain to flood equipment and furnishings, Kennedy Space Center...

  • LONDON, Oct 11- Polish billionaire Sebastian Kulczyk said he could use some of the proceeds from the sale of his 1.5 percent stake in SABMiller to bid for the brewer's central and eastern European assets and to create a world-renowned Polish IT company. The steep fall in sterling after Britain's vote in June to leave the European Union has reduced the value of...

  • LONDON, Oct 11- Mid-sized oil trader BB Energy is looking to expand aggressively in Africa and the former Soviet Union via new deals and asset purchases, its chief executive told Reuters. The company's risk appetite is still high despite having significant sums of money trapped in Morocco and new assets will help it expand its oil trading volumes by 10 percent a...

  • Oct 11- Hong Kong stocks fell more than 1 percent on Tuesday as investors took profits after a strong rally over the past few months. The Hong Kong market posted its biggest quarterly gain in seven years in July-September, jumping 12 percent. Bucking the trend, Alibaba Pictures Group Ltd, the film unit of Chinese billionaire Jack Ma's Alibaba Group, rose 3 percent to...

  • Oct 10- Billionaire investor Warren Buffett denied on Monday an allegation by Republican presidential candidate Donald Trump that he, like Trump, had taken "a massive deduction" that allowed him to avoid federal income taxes. Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information.

  • Oct 10- Billionaire investor Warren Buffett denied on Monday an allegation by Republican presidential candidate Donald Trump that he, like Trump, had taken "a massive deduction" that allowed him to avoid federal income taxes. Buffett said he was being audited by the Internal Revenue Service but would have "no problem" in releasing his returns.

  • BEIJING, Oct 9- Steven Spielberg's Amblin Partners and Alibaba Pictures Group Ltd, the film unit of Chinese billionaire Jack Ma's Alibaba Group Holding Ltd, said on Sunday they will co-produce and finance films for global and Chinese audiences. Big Chinese companies including Dalian Wanda Group Co are looking to bring more Western films and movie-making...

  • *UK no stranger to a currency crisis. That risks a spiral of selling of UK bonds and stocks, sinking the currency further, stoking inflation and complicating the central bank's ability to ease credit more if needed to support the real economy. For investors fearing such a vicious circle there were worrying signs on Friday that overseas holders of UK assets may be...

  • *UK no stranger to a currency crisis. That risks a spiral of selling of UK bonds and stocks, sinking the currency further, stoking inflation and complicating the central bank's ability to ease credit more if needed to support the real economy. For investors fearing such a vicious circle there were worrying signs on Friday that overseas holders of UK assets may be...

  • LONDON, Oct 7- Sterling lost a tenth of its value in minutes on Friday, in what traders said was a "flash crash" driven by computer-initiated sell orders that left the pound at a fresh 31- year-low and heading for its worst week since January 2009. The pound has been under pressure for most of this week as anxiety grows that Britain will opt for a "hard" exit from the...

  • *Deutsche Bank problems loom over IMF, World Bank meetings. Their comments at the start of the International Monetary Fund and World Bank fall meetings signaled frustration with persistently low growth rates and the surge of public anger over free trade and other pillars of the global economic system. The meetings are the first since Britain voted in June to...

  • *Deutsche Bank problems loom over IMF, World Bank meetings. Their comments at the start of the International Monetary Fund and World Bank fall meetings signaled frustration with persistently low growth rates and the surge of public anger over free trade and other pillars of the global economic system. The meetings are the first since Britain voted in June to...