GO
Loading...

Billionaires

More

  • Threat of debt writedowns hovers over Ukraine Wednesday, 14 Jan 2015 | 12:46 PM ET

    LONDON/ KIEV, Jan 14- The collapse in Ukraine's hard currency reserves to just enough to cover five weeks of imports is threatening big government debt writedowns, rather than mere maturity extensions, being needed to put the country on its feet. A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows.

  • DONETSK, Ukraine— Valentina Dudareva's voice cracks with despair as she stands in the snow, surveying the bombed-out windows of her apartment block in Donetsk, the separatist capital in eastern Ukraine. Cold, poor and hungry, Dudareva is among the masses of people trapped by fighting between the government and Russian-backed militias, reliant on outside help...

  • MADRID, Jan 12- George Soros bought into a fundraising by Santander last week, a source familiar with the matter said on Monday, in the latest bet by the U.S. billionaire on Spanish banks and companies trying to ride an economic recovery. Soros Fund Management took part in Santander's 7.5- billion-euro share sale, completed over several hours last Thursday, with a...

  • BEIJING, Jan 12- China's biggest movie theatre operator Wanda Cinema Line Corp is seeking to raise 1.26 billion yuan through an initial public offering, scaling back its original listing plan, people with knowledge of the matter said. The chain controlled by Dalian Wanda Commercial Properties Co. Chairman Wang Jianlin, one of China's richest men, had planned to...

  • NEW YORK, Jan 12- Every Tuesday and Wednesday at around 2 pm, Larry Ellison, the founder of Oracle Corp, gathers his lieutenants in the board room on the top floor of the software giant's headquarters in Redwood City, California to hear engineers present new products and strategies. Several people who have attended the meetings over the years said all the top Oracle...

  • *Cheung Kong surged 20 pct, Hutchison up 18 pct. HONG KONG, Jan 12- Shares of Cheung Kong Holdings Ltd and Hutchison Whampoa surged on Monday after Asia's richest man Li Ka- shing announced a restructuring of his business empire, a move he said was aimed at creating better value for shareholders. Cheung Kong shares jumped more than 20 percent in early trade to HK...

  • 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...