Lagarde: Little sympathy for Greece

Source: Economic Times

LONDON: The managing director of the International Monetary Fund says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures. In an interview published in the U.K.'s Guard ...
Full article at: Economic Times  More like this  12 hours ago

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Asia’s richest man cleverly sidesteps possibility of family feud

Source: The Malaysian Insider

HONG KONG, May 26 – Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asia’s biggest family empires, ensuring a smoother transition for the Cheung Kong group than that of real estate rival ...
Full article at: The Malaysian Insider  More like this  14 hours ago

World’s Richest Lose $1.5 Billion as Zuckerberg Falls

Source: Bloomberg.com

The world’s wealthiest people lost a combined $1.5 billion this week as concerns about Greece’s potential exit from the euro area and Spain’s finances pushed the euro below $1.25 for the first time since July 2010. ...
Full article at: Bloomberg.com  More like this  17 hours ago

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Asia’s Richest Man Li Ka-shing Reaffirms Succession Plan, Says Son Richard In Acquisition Talks

Source: Forbes Blogs

Hong Kong telecommunications billionaire Richard Li, the younger son of Asia’s richest man Li Ka-shing, is in acquisition talks with “several sizeable companies,” the elder Li said at a press conference on Friday, ...
Full article at: Forbes Blogs  More like this  22 hours ago

Asia's richest man says, his son will eventually head business empire

Source: NDTV

Hong Kong: Hong Kong billionaire Li Ka-shing on Friday confirmed that his eldest son will eventually control his business empire, but the 83-year-old tycoon dismissed suggestions that he is about to retire. Eldest son Victor Li ha ...
Full article at: NDTV  More like this  1 day ago, 7:36am CDT

Asia's Richest Man Details Succession Plan

Source: Wall Street Journal

By Fiona Law HONG KONG—Asia's richest man laid out his succession plans Friday, putting his older son at the helm of his business empire and promising his younger son funding to embark on new investments. Li Ka-shing, the 83-year ...
Full article at: Wall Street Journal  More like this  1 day ago, 7:20am CDT

HK's Li Ka-Shing expects China GDP growth of over 7.5 pct his yr

Source: Reuters

HONG KONG May 25 (Reuters) - Hong Kong billionaire Li Ka-shing said on Friday he expects China's economy to grow 7.5 percent this year, slowing from 9.2 percent growth in 2011, as it grapples with a slowdown in consu ...
Full article at: Reuters  More like this  1 day ago, 3:18am CDT

High Court approves Eircom survival plan

Source: Irish Times

A FIVE-YEAR survival scheme for Eircom approved by the High Court will see it and related companies exit the State’s biggest examinership on June 11th next. Mr Justice Peter Kelly said yesterday he was satisfied to conf ...
Full article at: Irish Times  More like this  3 days ago, 7:05pm CDT

Vodafone India says IPO unlikely in 2012

Source: France 24

AFP - Vodafone India, the local arm of the British mobile giant, may not launch its planned initial public offering this year due to uncertainty over the pricing of airwaves, its chief executive said Tuesday. "It is highly unlikely that we will go in ...
Full article at: France 24  More like this  4 days ago, 12:45pm CDT