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Millionaires & Billionaires Billionaires

  • *Britain and Germany still ahead in the field. PARIS, June 15- France's corporate startup scene is gaining traction against the backdrop of booming investments by venture capital funds and high expectations for a business friendly government under new President Emmanuel Macron. The new president, who plans a raft of other measures start-u boosting measures...

  • PARIS, June 15- South Korea's Naver Corp plans to open a startup incubator in the new Paris mega-campus for start-ups' Station F' that has been funded by billionaire Xavier Niel, said Fleur Pellerin, founder of venture capital investor Korelya Capital. The move is the latest sign of international interest in the French start-ups scene, which is gaining traction,...

  • *Britain and Germany still ahead in the field. PARIS, June 15- France's corporate startup scene is gaining traction against the backdrop of booming investments by venture capital funds and high expectations for a business friendly government under new President Emmanuel Macron. This taxpayer financing is 13 percent higher than the previous year and...

  • PARIS, June 15- South Korea's Naver Corp plans to open a startup incubator in the new Paris mega-campus for start-ups' Station F' that has been funded by billionaire Xavier Niel, said Fleur Pellerin, founder of venture capital investor Korelya Capital. "There's a wish to contribute to the European ecosystem, because there's a belief that big tech champions can...

  • MEXICO CITY, June 14- The United States, Mexico and three Central American nations will this week unveil plans to work with billionaire Carlos Slim's charity to tackle crime in Central America and find new ways of slowing migration, according to a draft document. Top U.S., Mexican and Central American officials meet in Miami on Thursday and Friday to discuss how to...

  • SAO PAULO, June 14- JBS SA, whose controlling shareholder recently agreed to pay the world's largest leniency fine ever, has hired lawyer Marcelo Proença to become global head of compliance, as the world's biggest meatpacker seeks to turn the page on a massive corruption scandal. Last month, Brazil's billionaire Batista family- which owns over 40 percent of JBS...

  • On Tuesday, Anbang Insurance Group said its chairman Wu Xiaohui was no longer able to fulfil his duties, amid reports he had been taken away for investigation. Tomorrow Group, a Beijing- based financial group, controls listed firms including Baotou Huazi Industry Co Ltd and Xishui Strong Year Co Ltd Inner Mongolia. He quit as China Telecom Corp's chairman and CEO...

  • BEIJING, June 14- Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York's Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers. But its headline-grabbing deals and the connections forged by chairman Wu Xiaohui- from Beijing to...

  • CANBERRA, Australia— Major Australian TV company Ten Network said Wednesday it had appointed voluntary administrators as it struggles with debt and shrinking advertising revenue. The board of Ten Network Holdings Ltd. decided to appoint the three administrators after two of the network's billionaire backers, Lachlan Murdoch and Bruce Gordon, advised...

  • *Chairman Wu Xiaohui unable to fulfill his duties- Anbang. *Earlier report said Wu prevented from leaving China. BEIJING/ NEW YORK, June 14- Anbang Insurance Group, one of China's most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred from...

  • *Chairman Wu Xiaohui unable to fulfill his duties- Anbang. *Earlier reports said Wu prevented from leaving China. BEIJING/ NEW YORK, June 13- Anbang Insurance Group, one of China's most aggressive buyers of overseas assets, said late on Tuesday that its chairman was no longer able to fulfill his duties, just over a week after denying reports he had been barred from...

  • *Foreign buyers to pay 8 pct surcharge on Sydney purchases. SYDNEY, June 14- Soon after Australia's New South Wales state announced it was doubling the tax for foreigner home buyers earlier this month, calls started flooding in to Sydney- based real estate agent Shan Lin. They say,' Shan, look, I will not consider investing in Australia or investing in Sydney'. "

  • June 13- China's Anbang Insurance Group Co Ltd said on Tuesday its chairman was no longer able to fulfill his duties within the company for "personal reasons," days after it denied he had been barred from leaving China. When asked if Wu was within China or if he could be reached, a spokesperson for Anbang- which manages some 1.65 trillion yuan worth of assets- said the...

  • But data from the Office of Government Ethics show it's actually moving faster on nominations than it did under President Barack Obama. With his Cabinet seated around a table at the White House on Monday, Trump said the office, which he referred to as a committee, "has become very difficult to deal with." "We're moving nominee reports faster during this transition...

  • June 13- Billionaire Eddie Lampert- controlled Sears Canada Inc flagged doubts about its ability to continue as a going concern and said it was exploring strategic options, including a sale of the company, following years of losses and falling sales. The company was valued at about C $51 million at its lowest stock price on Tuesday, a far cry from the C $1.18 billion...

  • June 13- U.S. retailer Sears Holdings Corp said on Tuesday it would cut 400 full-time jobs at its headquarters in Illinois as part of its plan to save more than $1 billion in costs annually. Sears said the bulk of the layoffs were related to its corporate workforce at its Hoffman Estates, Illinois headquarters. Sears said on Tuesday cost-cutting efforts had helped...

  • *Crown says 18 staff held in China over "gambling crimes". *Case referred to Baoshan District Court in Shanghai. Since Crown disclosed that 18 of its staff were being held in China for unspecified "gambling offenses," the company- 48 percent owned by billionaire James Packer- has torn up its strategy of luring Chinese high rollers to the casino hub of Macau, shifting its...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S.,...

  • Golden State Warriors fans react as they watch a live broadcast of game four of the NBA Finals with the Cleveland Caveliers during a watch party at Oracle Arena on June 9, 2017 in Oakland, California.

    The buyer paid $133,000 for two courtside seats for Monday's Golden State Warrior and Cavaliers game, ESPN reports.

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...