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Millionaires & Billionaires Billionaires

  • 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:...

  • *McKinsey apologises to South Africa for role in scandal. JOHANNESBURG, Oct 17- McKinsey said on Tuesday it was embarrassed by errors it made while working with South African utility Eskom on a 1.6 billion rand contract that is being investigated by parliament and police over allegations of fraud. The Gupta brothers, who work with Zuma's son, Duduzane, were...

  • SAO PAULO/ BRASILIA, Oct 16- JBS SA has pulled a planned $500 million U.S. initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange Commission, JBS Foods International...

  • SAO PAULO/ BRASILIA, Oct 16- JBS SA has pulled a planned $500 million initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange Commission, JBS Foods International...

  • *Bucharest rejects all bids at debt auction again. BUDAPEST, Oct 16- Central European currencies extended last week's gains on Monday, with interest rate hike expectations lifting the Czech crown and improving current account data buoying Poland's zloty. The zloty led the currency gains in Central Europe, touching six-week highs and testing 3- month highs...

  • *Zloty firms, ignores that Poland will quit IMF credit line. BUDAPEST, Oct 16- The Czech crown led a rise of Central European currencies on Monday, firming back to levels seen before the central bank launched an intervention regime in 2013 and gaining on chances of more interest rate hikes to come. Babis is ready to take on Brussels but without the burden of ideology...

  • *Noon.com backed by Dubai billionaire; Souq.com by Amazon. RIYADH, Oct 15- In Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, building an online retail business is no easy task. That will start a race for dominance in a largely untapped market against Dubai- based Souq.com, which is...

  • In his first months in power, Macron has defied street protests to loosen France's labour laws, moved to scrap the wealth tax and cut housing aid. The 39- year-old, whose election win sidelined France's mainstream political parties and tore apart the country's traditional left-right divide, sought to reassure left-wing voters in his first live TV interview...

  • PARIS, Oct 15- President Emmanuel Macron on Sunday said he was a president of all French, dismissing opponents' criticisms that his policies favour the rich and said his countrymen should adopt a more positive attitude towards success. In his first months in power, Macron has defied street protests to loosen France's labour laws, moved to scrap the wealth tax and...

  • *Noon.com backed by Dubai billionaire; Souq.com by Amazon. RIYADH, Oct 15- In Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, building an online retail business is no easy task. That will start a race for dominance in a largely untapped market against Dubai- based Souq.com, which is...

  • PRAGUE, Oct 13- Czech voters look set to hand leadership in next week's election to tough-talking billionaire Andrej Babis, a populist ready to take on Brussels but without the burden of ideology that has dragged Poland and Hungary into deep rifts with the European Union. He has distanced himself from right-wing conservatives such as Poland's Jaroslaw...

  • PRAGUE, Oct 13- Czech voters look set to hand leadership in next week's election to tough-talking billionaire Andrej Babis, a populist ready to take on Brussels but without the burden of ideology that has dragged Poland and Hungary into deep rifts with the European Union. He has distanced himself from right-wing conservatives such as Poland's Jaroslaw...

  • SEOUL, Oct 13- Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. He will also be briefed that his top lieutenant and chief executive of Samsung Electronics, Kwon Oh- hyun, has decided to...

  • SEOUL, Oct 13- Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. He will also be briefed that his top lieutenant and chief executive of Samsung Electronics, Kwon Oh- hyun, has decided to...

  • Hyperloop One said Branson's Virgin Group would take the company global and rebrand itself as Virgin Hyperloop One in the near future. Hyperloop One's co-founders, executive chairman Shervin Pishevar and president of engineering Josh Giegel, have previously worked at Virgin Galactic. Virgin Galactic is Branson's space company, which in 2016, was granted...

  • SAN DIEGO— The U.S. Border Patrol is considering a surveillance balloon that can be quickly moved to spot illegal activity, part of an effort to see if more eyes in the sky translate to fewer illegal crossings. Agents in Texas recently finished a 30- day trial of the camera-toting, helium-filled balloon made by Drone Aviation Holding Corp., a small startup that...

  • Hyperloop One said Branson's Virgin Group would take the company global and rebrand itself as Virgin Hyperloop One in the near future. Hyperloop One's co-founders, executive chairman Shervin Pishevar and president of engineering Josh Giegel, have previously worked at Virgin Galactic. "Virgin Hyperloop One will be all-electric and the team is working on...

  • Oct 12- Los-Angeles- based company, Hyperloop One said billionaire Richard Branson's Virgin Group has invested in the company to form a strategic partnership. Branson joined the board of Hyperloop One and the company would rebrand itself as Virgin Hyperloop One in the coming months, Hyperloop said in a statement on Thursday. Virgin Group did not immediately...

  • SHANGHAI, Oct 12- China has a new richest man, according to the annual Hurun rich list of the country's top movers and shakers. The Hurun Report, established in 1999, is the leading China- based organization ranking the wealth of the country's rich and famous, and its list gives a temperature check on the winners and losers in China. Growth in China stabilised this...

  • SHANGHAI, Oct 12- China has a new richest man, according to the annual Hurun rich list of the country's top movers and shakers. The Hurun Report, established in 1999, is the leading China- based organization ranking the wealth of the country's rich and famous, and its list gives a temperature check on the winners and losers in China. Growth in China stabilised this...