LONDON, March 7- The first time Anne Meaux met Indian billionaire Lakshmi Mittal he laughed at her. The incident was an early example of an ability to tell unpalatable truths to powerful people that has since propelled Meaux to the position of France's top PR advisor.» Read More
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of all of the world's luxury consumption.
Bollore group, which is controlled by French industrialist Vincent Bollore, said it had set an indicative offer price of between 12 and 14.50 euros per share for the company that makes batteries to power cars.
*VTB flips Tele2 Russia after six months. MOSCOW, Oct 17- Russian bank VTB has agreed to sell 50 percent of Tele2 Russia, turning a quick profit and gaining investors with the expertise that could help it to challenge the dominance of Russia's big three mobile phone operators.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, on Wednesday said it would not go ahead with a plan to boost its stake in KPN, and has not yet decided whether to keep its current position in the Dutch telecom company.
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to exit the oil company and for OGX to seek bankruptcy protection, sources told Reuters.
TORONTO, Oct 16- Lack of clarity around Ottawa's telecommunications policy has jeopardized foreign investment in Canada and cast doubt over the future of Wind, the largest new player in the Canadian wireless market, said Egyptian telecom magnate Naguib Sawiris on Wednesday. "Canada is behaving like a third-world country.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, said it would not go ahead with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid. America Movil had accumulated nearly 30 percent of KPN's stock and it was not clear what would happen with that.
TORONTO, Oct 16- Egyptian telecom magnate Naguib Sawiris said on Wednesday the lack of clarity around Ottawa's telecom policy has put Wind Mobile, the largest new entrant in the Canadian wireless market, at risk of going bust.
CNBC's Robert Frank shares a peak at Wednesday's season finale of "Secret Lives of the Super Rich."
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to give up control of the oil company and for OGX to file for bankruptcy protection, sources told Reuters.
MEXICO CITY, Oct 16- America Movil, Latin America's biggest phone company, said on Wednesday it would not proceed with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid.
There's a stretch of asphalt 95 miles north of New York City where super-rich drivers can go super fast. The cost? Initiations fees start at $125,000.
*Deal for stake would be worth more than $1 billion- Nikkei. TOKYO, Oct 16- SoftBank Corp is in talks to buy a stake in U.S. wireless device distributor Brightstar Corp that media reported could be worth more than $1 billion and boost its bargaining power with hardware suppliers.
SAN FRANCISCO, Oct 15- Yahoo Inc said on Tuesday it will keep a larger stake in Alibaba Group Holding Ltd than originally planned after it goes public, hoping to profit from the Chinese e-commerce company's future growth. Under the terms of an amended agreement that Yahoo announced alongside its quarterly results, the U.S.
SAO PAULO/ RIO DE JANEIRO, Oct 15- OGX Petróleo e Gas Participações SA ousted its chief executive as part of a restructuring plan to avert bankruptcy, a source said on Tuesday, the same day shares of the ailing Brazilian oil producer posted their biggest jump ever on hopes that founder Eike Batista might cede control of the company.
BOSTON, Oct 15- Herbalife must defend itself in court against charges brought by a former distributor claiming that the nutrition and supplements company is running an alleged pyramid scheme, a U.S. federal judge has ruled.
SAO PAULO, Oct 15- Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu Dhabi sovereign wealth fund in a $996 million deal that takes debt off his hands and secures new investment for the port. In July, Batista ceded control of power company MPX Energia SA to German utility E.ON SE.
LONDON, Oct 15- A British charity and a labour union accused Europe's largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds in UK tax since 2008 and called on the government to change laws which allow such tax planning.
*Uralkali CEO accused of abuse of power by Belarus. MOSCOW, Oct 14- Russia has opened a criminal investigation into the chief executive of potash producer Uralkali, Vladislav Baumgertner, and will request his extradition from Belarus, federal investigators said on Monday.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.