×

Millionaires & Billionaires Billionaires

  • 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...

  • 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.

  • Nov 9- California voters on Tuesday approved significant tax increases on cigarettes and vaping devices, but similar measures fell short in Colorado, North Dakota and Missouri. He said that California, which recently raised the smoking age to 21, could inspire other states to pass similar laws. Reynolds Tobacco and Altria- spent at least $90 million to defeat...

  • SAO PAULO, Nov 9- Shares in Grupo BTG Pactual SA posted their biggest slump in two months on Wednesday after Latin America's largest independent investment bank reshuffled key management and board positions and missed third-quarter profit estimates by a large margin. In a securities filing, BTG Pactual said on Wednesday that Chairman Persio Arida quit for...

  • The votes on so-called soda taxes in San Francisco, Albany and Oakland in California and in Boulder, Colorado, came a month after the World Health Organization recommended governments impose such taxes to battle obesity, diabetes and other diet-related diseases. Larry Tramutola, a California political strategist who organized the pro-tax campaigns in San...

  • *Mexico, China make conciliatory noises. *Questions on climate change, Iran, Syria, NATO and trade. LONDON, Nov 9- World leaders offered to work with Donald Trump when he takes over as U.S. president, but expressed anxiety over how he will handle problems from the Middle East to an assertive Russia and whether he will carry out a number of campaign threats.

  • *Mexico, China make conciliatory noises. *Questions on climate change, Iran, Syria, NATO and trade. In the election campaign, he voiced admiration for Russian President Vladimir Putin, questioned central tenets of the NATO military alliance and suggested Japan and South Korea should develop nuclear weapons to shoulder their own defence burden.

  • SAO PAULO, Nov 9- Shares in Grupo BTG Pactual SA posted their biggest slump in two months on Wednesday after Latin America's largest independent investment bank reshuffled key management and board positions and missed third-quarter profit estimates by a large margin. In a securities filing, BTG Pactual said on Wednesday that Chairman Persio Arida quit for...

  • *Mexico peso tanks to record low, Swiss franc jumps, loonie hit. LONDON, Nov 9- The dollar fell and the Mexican peso plunged to a record low on Wednesday as stunned investors digested the news that billionaire businessman Donald Trump had won the U.S. presidential election. But after Trump's victory speech- during which he made no mention of his promised U.S.- Mexico...

  • NEW YORK, Nov 9- From plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, New York's financial community watched in stunned dismay on Wednesday as Republican Donald Trump clinched the White House. An early party mood quickly soured as donors and supporters of Hillary Clinton realized that the Democratic candidate, Wall Street's...

  • NEW YORK, Nov 9- From plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, New York's financial community watched in stunned dismay on Wednesday as Republican Donald Trump was on the verge of winning the White House. An early party mood quickly soured as donors and supporters of Hillary Clinton realized that the Democratic candidate,...

  • *Energy and minerals chief Alan Davies suspended. MELBOURNE, Nov 9- Global miner Rio Tinto said on Wednesday it has suspended a top executive over $10.5 million in payments to a consultant on its Simandou iron ore project in Guinea, and has alerted U.S. and UK authorities. Rio Tinto said it became aware in August of emails from 2011 "relating to contractual payments...

  • NEW YORK, Nov 8- From plush penthouse apartments on the Upper East Side to suburban mansions, New York's financial community gathered to watch election results on Tuesday with a mix of anxiety and relief. The Wall Street work day was relatively calm as the U.S. stock market advanced for a second straight day on expectations of a win by Democratic presidential...

  • BEIJING, Nov 8- Chinese automaker Zhejiang Geely Holding Group Co said on Tuesday it is aiming to more than double its annual vehicle sales to two million cars globally by 2020, riding growth in its Volvo brand and its new Lynk& Co brand. State-owned Chinese automaker SAIC Motor and Great Wall Motors Co among others are also looking at breaking into advanced...

  • SAO PAULO, Nov 8- Brazilian buyout firm 3 G Capital is seeking to raise $8 billion to $10 billion through a new fund to finance an acquisition, website Brazil Journal said on Tuesday, citing sources close to the company. There is market speculation that 3 G wants to acquire Oreo-maker Mondelez International Inc through its Kraft Heinz Co unit, according to the news...

  • I'd be 'scared to death' with Trump as president: Jeff Greene

    Real estate moguls Jeff Greene, The Greene Institute, and Don Peebles, The Peebles Corporation, discuss the billionaire view of the 2016 election.