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Millionaires & Billionaires Billionaires

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • WASHINGTON, Nov 11- Billionaire investor Warren Buffett defended the stock market's strength and raised doubts about President-elect Donald Trump's trade agenda in a CNN interview broadcast on Friday, just days after the U.S. election. Buffett, a vocal critic of Trump, endorsed Democrat Hillary Clinton during her failed bid for the White House.

  • NEW YORK, Nov 10- Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street, and it's Donald Trump. He says peculiar things, like building the wall and getting Mexico to pay for it, that you know are just not going to happen, "said Allan Meltzer, a Fed historian and professor of political economy at Carnegie...

  • MEXICO CITY, Nov 10- Mexico's Elementia, a cement company partly owned by billionaire Carlos Slim, said on Thursday it had completed its 4.37 billion peso capital raise and could now complete its takeover of U.S. peer Giant Cement Holding. It will now buy the 55 percent of Giant Cement for some $220 million, Elementia said, and lend it some $305 million.

  • PARIS/ NEW YORK, Nov 10- NBCUniversal, the U.S. media conglomerate owned by Comcast Corp, said on Thursday it was in talks to buy a stake in European broadcaster Euronews. Under a possible plan, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the...

  • PARIS/ NEW YORK, Nov 10- NBCUniversal, the U.S. media conglomerate owned by Comcast Corp, said on Thursday it was in talks to buy a stake in European broadcaster Euronews. Under a possible plan, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the...

  • NEW YORK, Nov 10- Donald Trump campaigned for president as a savvy billionaire who would apply his business acumen to improving the U.S. economy, cutting taxes for Americans and negotiating better trade deals. Lyndon Johnson, for instance, quietly managed his broadcasting businesses despite insisting publicly that he had ceased all involvement, according to...

  • NEW YORK, Nov 10- Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street, and it's Donald Trump. He says peculiar things, like building the wall and getting Mexico to pay for it, that you know are just not going to happen, "said Allan Meltzer, a Fed historian and professor of political economy at Carnegie...

  • PARIS, Nov 10- Altice, the fourth-biggest cable operator in the United States, sees more deals between media and telecoms operators in the country if AT&T Inc's $85 billion acquisition of Time Warner Inc eventually goes through under the administration of President-elect Donald Trump. Trump said in October that AT&T's proposed acquisition of the owner of HBO,...

  • Nov 10- Billionaire investor William Ackman on Thursday said he has had an "extremely constructive relationship" with Chipotle Mexican Grill Inc since buying a large stake in the beleaguered burrito seller. Shares in Chipotle were up 6 percent at $391.70 in midday trading, buoyed by Ackman's comments and the expectation that the company could benefit from...

  • Nov 10- Billionaire investor William Ackman on Thursday said he has had an "extremely constructive relationship" with Chipotle Mexican Grill Inc since buying a large stake in the beleaguered burrito seller. Shares in Chipotle were up 6.2 percent at $392.84 in midday trading, buoyed by Ackman's comments and the expectation that the company could benefit from...

  • SAO PAULO, Nov 10- In six months at the helm of Brazil's state development bank, Maria Sílvia Bastos Marques has implemented the most ambitious turnaround of BNDES in two decades while reversing years of costly support for handpicked local conglomerates. During the 13- year rule of the leftist Workers Party, which ended with the impeachment of President Dilma...

  • President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production. But the oil market is heavily oversupplied and investors are focusing on a gathering of the Organization of the Petroleum Exporting Countries on Nov. 30, which may lead to output cuts. Brent crude was up 30 cents at $46.66 a barrel by...

  • President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production. But the oil market is heavily oversupplied and investors are focusing on a gathering of the Organization of the Petroleum Exporting Countries on Nov. 30, which may lead to output cuts. Brent crude was up 10 cents at $46.46 a barrel by...

  • Trump's election initially stunned markets and led Ian Bremmer, president of U.S. risk consultancy Eurasia Group, to warn that "the world is heading into a profound geopolitical recession". "It all depends on the upcoming OPEC meeting," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. "We are still in an oversupplied market and...

  • SYDNEY, Nov 10- Top Rio Tinto executives discussed payments to a consultant working to smooth relations with Guinea, weeks after it announced a settlement allowing it access to one of the world's largest iron ore deposits, according to internal emails. A U.S. investigation into Rio's activities and any payments in Guinea, however, could complicate a move...

  • NEW YORK, Nov 9- Billionaire activist investor Carl Icahn told CNBC on Wednesday that he bought stocks in the overnight market on declines and that Donald Trump's U.S. presidential election win was a "step in the right direction" for the U.S. economy. Icahn also told Bloomberg he had removed some hedging trades last night. Icahn owned a roughly 24 percent stake in...

  • BRASILIA, Nov 9- Brazil's government on Wednesday congratulated U.S. Brazil's currency weakened around 1.6 percent against the dollar in afternoon trade and the main Sao Paulo stock index fell more than 1 percent due to risk aversion and uncertainty over economic policy following Trump's victory. Temer sees boosting trade with the United States and drawing...

  • NEW YORK, Nov 9- Billionaire activist investor Carl Icahn told CNBC on Wednesday that he bought stocks in the overnight market on declines and that Donald Trump's U.S. presidential election win was a "step in the right direction" for the U.S. economy. Icahn owned a roughly 24 percent stake in Herbalife as of Tuesday, according to a Securities and Exchange Commission...