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  • LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...

  • LISBON, Nov 3- Telecoms group Altice SA has made a bid worth 7.03 billion euros for the Portuguese operations of Brazil's Oi as Oi unwinds its troubled merger with Portugal Telecom. Oi's new interim chief executive, Bayard Gontijo, said last month that the company could sell Portuguese assets acquired with its takeover of Portugal Telecom in order to pay down...

  • *But number of coal mines in Australia growing. SYDNEY, Nov 3- U.N. calls to curb greenhouse gas emissions by ending most electricity generation using coal will face some tough challenges, with coal mining going through a growth spurt in countries such as Australia. Australian growth is expected to continue as companies including Rio Tinto, BHP Billiton and...

  • MOJAVE, Calif., Nov 2- An investigation into the deadly crash of a Virgin Galactic spaceship has found that a function to help the craft descend into the atmosphere was deployed early, a federal safety official said on Sunday, adding pilot error could not be ruled out. The National Transportation Safety Board is leading the investigation into what caused the...

  • MOJAVE, Calif., Nov 2- The investigation into last week's deadly crash of the Virgin Galactic spaceship has found that the "feathering" function to help it descend into the atmosphere from space was deployed early, the National Transportation Safety Board said on Sunday. SpaceShipTwo's rotating tail boom, a key safety feature for re-entering the atmosphere,...

  • MOJAVE, Calif., Nov 2- The head of the federal agency examining last week's fatal crash of a Virgin Galactic passenger spaceship during a test flight in California's Mojave Desert said on Sunday the vehicle appears to have broken apart in flight. Virgin Galactic's owner, British billionaire and entrepreneur Richard Branson, traveled to Mojave on Saturday to...

  • MOJAVE, Calif., Nov 2- The head of the federal agency examining last week's fatal crash of a Virgin Galactic passenger spaceship during a test flight in California's Mojave Desert said on Sunday the vehicle appears to have broken apart in flight. Virgin Galactic's owner, British billionaire and entrepreneur Richard Branson, traveled to Mojave on Saturday to...

  • MOJAVE, Calif., Nov 2- Virgin Galactic could have a new spacecraft ready to fly by next year, the chief executive of Richard Branson's space tourism company said in an interview published on Sunday, reacting to concerns about the safety of technology used in the Virgin craft that crashed last week. His remarks followed a somber assessment of the future of Virgin...

  • MOSCOW, Nov 2- Russia, the world's top oil producer, kept its monthly oil production stable in October, according to energy ministry data, regardless of western sanctions and weak oil prices. Russia pumped an average 10.6 million barrels per day last month, producing a monthly total of 44.838 million tonnes, which includes gas condensates, the data published on...

  • MOJAVE, Calif., Oct 31- A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic company crashed during a test flight on Friday near the Mojave Air and Space Port in California, killing one pilot and seriously injuring the other, officials said. The crash of the vehicle, undergoing its first powered test flight since January over the...

  • CAPE CANAVERAL, Fla., Oct 31- A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic crashed during a test flight on Friday at the Mojave Air and Space Port in California, the company said. In May, Virgin Galactic and spaceship developer Scaled Composites, a subsidiary of Northrop Grumman Corp, switched to an alternative...

  • Why Lasry likes Ford and YRC Worldwide   Friday, 31 Oct 2014 | 7:53 AM ET
    Why Lasry likes Ford and YRC Worldwide

    Billionaire distressed debt investor Marc Lasry tells CNBC that both companies and stocks are bargains.

  • Oct 30- Japanese telecom and media group SoftBank Corp has set its sights on the wireless assets put up for sale by America Movil, the Wall Street Journal reported, citing people familiar with the matter. SoftBank recently asked Sprint Corp Chief Executive Marcelo Claure to gather information on the assets that America Movil is planning to sell, sources told the...

  • MOSCOW, Oct 30- Russian oil-to-telecoms group Sistema, controlled by billionaire Vladimir Yevtushenkov, said on Thursday it disagreed with a court decision to seize its shares in oil company Bashneft and was considering an appeal. The company also said in a statement that ongoing litigation could have a significant negative impact on Sistema's investment...

  • MOSCOW, Oct 30- Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets. Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local...

  • MOSCOW, Oct 30- Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening investors' fears that the Kremlin wants to reclaim prized assets. Moscow's Arbitration Court ruled in favour of prosecutors, who argued that Bashneft was unlawfully privatised in...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • NEW YORK/ SEATTLE, Oct 29- Billionaire investors in a small, Seattle- area company that aims to one day mine resources on asteroids have not been deterred by an unmanned rocket explosion that destroyed their test satellite, the company said on Wednesday. Privately held Planetary Resources counts Google Inc Chief Executive and co-founder Larry Page and Chairman...

  • *Fund to apply soon to invest more in China- CEO. OSLO, Oct 29- Norway's $860- billion sovereign wealth fund, the world's largest, booked a flat return in the third quarter as it was dragged down by weak European stocks, foremost among them embattled retailer Tesco. "It is clear that our investment in the British company Tesco has performed particularly poorly in the...

  • DENVER, Oct 29- Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. But NextGen and other green groups are not talking about climate change as much as one would expect. NextGen and other green groups say they're simply doing what it takes to elect the candidates they support.