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Millionaires & Billionaires Billionaires

  • BUDAPEST, Oct 24- The forint led an easing of Central European currencies against the euro on Tuesday on some expectations that the Hungarian central bank may cut its overnight deposit rate further at its meeting later in the day. "There are some outlier forecasts that there will be a further rate cut," one Budapest- based trader said. The forint and the zloty eased...

  • MEXICO CITY, Oct 24- Mexico's telecommunications regulator is discussing a proposal that would allow billionaire Carlos Slim's America Movil to start charging local rivals again for calls made to clients on its network, according to a document seen by Reuters. Rivals such as AT&T and Telefonica have been anxiously awaiting new rates since the Supreme Court...

  • Tom Steyer launches Trump impeachment campaign

    Billionaire Democratic donor Tom Steyer is launching an ad campaign calling for President Donald Trump's impeachment.

  • So it said on Friday it was launching a programme of start-up collaborations in Paris as it ramps up digital investments and seeks out new beauty products like its "smart" hairbrushes. The French group said it was looking to develop more inventions at a site for start-up companies in Paris, where 10 to 12 firms will work on projects with L'Oreal every year.

  • LONDON, Oct 20- Progress in U.S. tax reform plans lifted emerging stocks on Friday, but a stronger dollar and higher U.S. The U.S. Senate approved a budget blueprint for the 2018 fiscal year late on Thursday, paving the way for Republicans to seek a tax-cuts package without Democratic support, and resurrecting expectations that the reflation trade was back on track.

  • NEW YORK, Oct 19- Thomas Davis, a former chairman of dairy processing company Dean Foods Co, was sentenced on Thursday to two years in prison after pleading guilty to passing insider information to sports gambler William "Billy" Walters. District Judge Kevin Castel in Manhattan, who also ordered him to pay about $8 million in restitution, according to Nicholas...

  • NEW YORK, Oct 18- Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. "We have a pretty good track record of being able to deliver good improvements in our own business without making...

  • NEW YORK, Oct 18- Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. "We have a pretty good track record of being able to deliver good improvements in our own business without making...

  • BOSTON, Oct 18- Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored. Calls to forgive Puerto Rico's more than $70 billion in outstanding obligations have mounted in recent weeks, as much of the island still has no...

  • *Vice Chairman Stephen Squeri to succeed Chenault. Oct 18- American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17- year tenure at the helm of the No. 1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday.

  • *Vice Chairman Stephen Squeri to succeed Chenault. Oct 18- American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17- year tenure at the helm of the No. 1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday.

  • *Vice Chairman Stephen Squeri to succeed Chenault. Oct 18- American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17- year tenure at the helm of the No. 1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday.

  • Oct 18- American Express Co said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17- year tenure at the helm of the No.1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday. Shares are up about 22 percent this year and the company on Wednesday...

  • *Trying to meet soaring demand in United States, China. COGNAC, France, Oct 18- Luxury goods maker LVMH hopes to be well on its way to remedying its cognac shortage two years from now, billionaire boss Bernard Arnault said on Wednesday, as its Hennessy label struggles to keep up with demand in the United States. "There is land within the area which is not being used,"...

  • SYDNEY, Oct 18- Australia's Crown Resorts Ltd was accused of tampering with poker machines on Wednesday when a lawmaker tabled a video of whistleblowers in parliament, sending shares in the casino firm sliding. The accusations present a fresh headache for Crown, which is nearly half-owned by billionaire James Packer, after the arrest of more than a dozen...

  • BUDAPEST, Oct 17- Central European currencies firmed on Tuesday, with strong economic data and expectations for more to come outweighing political concerns, including a Czech national election due at the weekend. Czech forward rate agreements have fully priced in a 25 basis point increase in the CNB's main rate in the next three months, which it started to...

  • Netflix CEO and founder Reed Hastings

    Forbes puts Hastings' net worth at $2.2 billion, making the $2 billion cutoff for the 2017 ranking.

  • Donald Trump

    President Trump ranks 248, down 92 spots from a year ago, says Luisa Kroll, Forbes Magazine senior wealth editor, providing an exclusive look at the wealthest Americans, where Bill Gates tops the list again.

  • BUDAPEST, Oct 17- The crown hit 4- year highs on Tuesday, helped by expectations for interest rate hikes by the Czech central bank and strong economic growth in the European Union's eastern wing. Czech forward rate agreements have fully priced in 25 basis point increase in the CNB's main rate in the next three months, which it started to increase in August in the...

  • MOSCOW, Oct 17- Severstal, Russia's fourth-largest steel producer, is expected to post third-quarter core earnings of $633 million on Wednesday, a Reuters poll of six analysts showed. The firm posted earnings before interest, taxation, depreciation and amortisation of $584 million in the same period last year. The following banks participated in the survey:...