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  • In the last four years, he has bought five properties for 40 million rupees on Proptiger.com, partly owned by Murdoch's News Corp.. "Scale and growth of businesses like Flipkart are a proxy that consumers in India are comfortable doing transactions on the Internet," said Mukul Singhal, principal at India- China fund SAIF Partners, which has invested $10 million in...

  • In the last four years, he has bought five properties for 40 million rupees on Proptiger.com, partly owned by Murdoch's News Corp.. "Scale and growth of businesses like Flipkart are a proxy that consumers in India are comfortable doing transactions on the Internet," said Mukul Singhal, principal at India- China fund SAIF Partners, which has invested $10 million in...

  • Jan 11- A fire that started after an explosion on Saturday at Husky Energy Inc's 155,000- barrel-per-day crude oil refinery in Lima, Ohio, has caused extensive damage to a unit at the plant, a fire official said Sunday. No injuries were reported in the blast, which was heard across the city and shattered nearby windows, according to local media reports.

  • NEW YORK, Jan 11- Source link:.

  • HOUSTON, Jan 10- A loud explosion rocked Husky Energy's 155,000 barrel per day crude oil refinery in Lima, Ohio, on Saturday and a source familiar with the facility's operations expected production slowdowns but not a complete shutdown. No injuries were reported in the blast, which occurred at about 6 a.m. local time The explosion was heard across the city of Lima,...

  • HOUSTON, Jan 10- A loud explosion rocked Husky Energy's 155,000 barrel per day crude oil refinery in Lima, Ohio, early on Saturday but no injuries were reported. The blast at about 6 a.m. local time was heard across the city of Lima, according to local media reports. A Lima- area emergency management official told the Lima News that the explosion was on the 26,000 bpd...

  • MEXICO CITY, Jan 9- Mexico's telecommunications regulator has fined both Carlos Slim's fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them, the companies said in separate statements on Friday. Dish Mexico was fined 43 million pesos while Telmex was fined 14.4 million pesos. Dish Mexico is a joint...

  • Roughly two years after promising to donate his personal winnings from his controversial $1 billion bet against nutritional and weight-loss company Herbalife Ltd., the hedge fund titan is making good on the pledge with a $10 million donation to a scholarship charity, his foundation said. Herbalife stock closed 2015' s first week of trading down 12 percent at...

  • *Ukraine facing $15 billion funding gap, economists say. RIGA/ BERLIN, Jan 8- The European Union proposed on Thursday offering an additional 1.8 billion euros to help save Ukraine from bankruptcy as Kiev assured Germany it had credible plans to modernise. "Europe stands united behind Ukraine," Commission President Jean-Claude Juncker told a news conference in...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • Club Med set to back Chinese bid this week Sunday, 4 Jan 2015 | 12:00 PM ET

    PARIS, Jan 4- French holiday company Club Mediterrannee is expected to back an offer from a consortium led by Chinese billionaire Guo Guangchang this week after Italian rival bidder Andrea Bonomi declined to raise his offer on Friday. Guo, whom Forbes estimates has a net worth of about $4.3 billion, has described Club Med as an ideal investment to tap booming...

  • In a lawsuit filed on Tuesday in Manhattan federal court, Alan Meyers claimed that CEO Lorenzo Delpani accused him of raising "ghost" safety problems at recently acquired laboratories, resulting in slower production. Meyers said many of the safety issues he complained about stemmed from Revlon's $660 million acquisition of Spanish beauty care company...

  • HONG KONG, Dec 31- When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city's economy. But while Xi's message that day in the Great Hall of the People failed to deter the protesters, in speaking directly to the city's business and...

  • NEW YORK, Dec 30- A federal judge has rejected Wachtell, Lipton, Rosen& Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn. District Judge Richard Sullivan in Manhattan declined to end the federal case even though a New York state...

  • BUENOS AIRES, Dec 30- Crunch time for Argentina fixing its debt default will almost certainly not be January, as many investors had hoped, but a year later once the country's next president takes office and tries to get the ailing economy moving again. Despite a U.S. court order to fully repay the $1.3 billion debt plus interest, Argentina insists the hedge funds...

  • *Excelerate Energy suspends Lavaca Bay LNG project. MILAN, Dec 30- Excelerate Energy's Texan liquefied natural gas terminal plan has become the first victim of an oil price slump threatening the economics of U.S. The floating 8 million tonne per annum export plant moored at Lavaca Bay, Texas advanced by Houston- based Excelerate has been put on hold, according to...

  • How to become a billionaire   Tuesday, 30 Dec 2014 | 8:45 AM ET
    How to become a billionaire

    John Sviokla, PricewaterhouseCoopers, discusses the five habits of highly successful, self-made billionaires.

  • SAN FRANCISCO, Dec 29- Yuri Milner, the billionaire Russian who holds the largest outside stake in Chinese handset maker Xiaomi, said he expects to invest more evenly between the United States and China in 2015.. In recent years, the investments by his DST Global funds have skewed toward China, including DST's participation this month in a $1.1 billion funding...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.