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Millionaires & Billionaires Billionaires

  • "M&A is relatively resilient to the macroeconomic and political environment as strategic players seek opportunities with long-term potential," said Patricia Moraes, head of Brazil banking for JPMorgan Chase& Co, which topped Thomson Reuters local advisory rankings last quarter. Uncertainty surrounding the timeframe for an economic recovery from...

  • A billionaire with links to China's Communist Party elite, Xiao vanished earlier this year. He was last seen in the early hours of Jan. 27, leaving the Four Seasons Hotel in Hong Kong in a wheelchair with his head covered, accompanied by several people described in media reports as mainland Chinese agents. The same two sources said Tomorrow had set up an internal...

  • SAO PAULO, July 4- A backlash in Brazil over plea and leniency deals with the billionaire family that controls meatpacker JBS SA has led prosecutors to start discussions on creating clearer rules for future agreements to ensure equal treatment, three people familiar with the matter said. A framework could speed up approval of the accords which allow companies...

  • *Gambia says African Petroleum did not meet obligations. BANJUL, July 4- Gambia has ended talks with African Petroleum to extend oil exploration in two of the West African country's most promising offshore blocks and is now in preliminary discussions with new investors, a senior oil official told Reuters. African Petroleum had been seeking to prolong its...

  • ZURICH, July 4- Activist investor Keith Meister's Corvex hedge fund and New York's 40 North have taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp.. Meister, who is a protege of billionaire investor Carl Icahn, manages assets worth $6 billion with Corvex and took a 5.5 percent stake in communications...

  • *Gambia says African Petroleum did not meet obligations. BANJUL, July 4- Gambia has ended talks with African Petroleum to extend oil exploration in two of the West African country's most promising offshore blocks and is now in preliminary discussions with new investors, a senior oil official told Reuters. The A1 and A4 blocks, operated by the firm founded by...

  • July 4- A backlash in Brazil over plea and leniency deals with the billionaire family that controls meatpacker JBS SA has led prosecutors to start discussions on creating clearer rules for future agreements to ensure equal treatment, three people familiar with the matter said. A framework could speed up approval of the accords which allow companies to avoid a...

  • ZURICH, July 4- Activist investor Keith Meister's Corvex hedge fund and New York's 40 North said on Tuesday they had taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp. Meister, a Carl Icahn protege, with Corvex manages assets worth $6 billion and took a 5.5 percent stake in communications company Century...

  • BRASILIA, July 3- A Brazilian Supreme Court justice rejected an appeal from the world's largest meatpacker, JBS SA, to overrule a lower-court ruling that halted the sale of $300 million worth of South American assets to Minerva SA, according to a court document. Justice Edson Fachin's decision upholds a lower court's ruling that JBS' deal to sell plants in...

  • BRASILIA, July 3- A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world's largest meatpacker, JBS SA, to halt the sale of $300 million worth of South American assets to Minerva SA, according to a court document. Justice Edson Fachin agreed with a lower court's ruling that JBS' deal to sell plants in Argentina, Paraguay and Uruguay...

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • *Agrees C $252 million residential mortgage book sale. June 29- Canadian lender Home Capital Group Inc's Chair Brenda Eprile on Thursday told shareholders it had attracted a "top notch" list of candidates for its chief executive role and would make an appointment soon. The company is looking to build on an in-flow of deposits after last week agreeing a C $2 billion...

  • PARIS, June 29- Paris is now fully equipped to attract more innovative companies than London and dominate Europe's startup scene, billionaire Xavier Niel said on Thursday as he opened the doors of a startup mega-campus in the French capital. Paris and Berlin are vying to displace London's lead in the European start-up scene, while other cities including Dublin,...

  • PARIS, June 29- Paris is now fully equipped to attract more innovative companies than London and dominate Europe's startup scene, billionaire Xavier Niel said on Thursday as he opened the doors of a startup mega-campus in the French capital. Paris and Berlin are vying to displace London's lead in the European start-up scene, while other cities including Dublin,...

  • PARIS, June 29- Paris is now fully equipped to attract more innovative companies than London and dominate Europe's startup scene, billionaire Xavier Niel said on Thursday as he opened the doors of a startup mega-campus in the French capital. Paris and Berlin are vying to displace London's lead in the European start-up scene, while other cities including Dublin,...

  • BOSTON, June 29- Billionaire investor William Ackman, one of the hedge fund industry's most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks, just got himself an even bigger megaphone: a Twitter account. Using the handle, zBillAckman1, the 51- year-old investor is the latest to join the social media network...

  • June 29- Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc, following the company's sale of assets and hiring of a new chief executive officer, a person familiar with the matter said. Icahn, AIG's third-largest investor, wants the insurer's new CEO Brian Duperreault to have an opportunity to...

  • June 29- Canadian lender Home Capital Group Inc's Chair Brenda Eprile on Thursday told shareholders at the company's annual meeting it had attracted a "top notch" list of candidates for its chief executive role and would make an appointment soon. Director Alan Hibben, a former Royal Bank of Canada executive who has played a key role in negotiating the bank's...

  • June 29- Canadian lender Home Capital Group Inc's Chair Brenda Eprile on Thursday told shareholders at the company's annual meeting it had attracted a "top notch" list of candidates for its chief executive role and would make an appointment soon. The company has been searching for a new CEO since March 27 when it terminated the employment of former chief...

  • June 28- American International Group Inc's new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. I think the important thing is that we look at companies that can make us better, "Duperreault told reporters in an interview after the company's annual general meeting...