According to the Bloomberg Billionaire's Index, Ortega recently passed Buffett as the world's richest individual.
Finance/Venture
EU's policy on welfare needs fixing or UK will split- report
UK Prime Minister David Cameron said in an interview with a newspaper last September 6 that the country would be considering severing its ties with the European Union if stricter reforms were imposed on "welfare tourism".
Investors flee emerging markets as Fed tapering looms- report
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
SEC meets to discuss Nasdaq system backup for processor
US regulators met with the stock exchange operators to talk about backing up the Nasdaq stock quotes processor which malfunctioned last month.
Annuities are best retirement investment if government regulates them - report
In her Reuters column, Allison Schrager asked a question that had continued to remain unanswered: How should people actually spend their retirement money?
Latest News
Corporate titans in India had pledged to invest elsewhere should there would be no long-term economic reforms in place.
Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.
A lawyer for a JP Morgan Chase & Co. ex-employee argued with US prosecutors that his client was just following orders from his superiors in indicating prices for the "London Whale" deal.
Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.
Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings. Sanofi Aventis' Chief Executive Officer said on Friday that repurchasing L'Oreal's 9% stake in the drugmaker might make sense.
Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.
Salus Capital Partners provided Dots, the fashion apparel retailer, a USD51 million refinancing package through a senior secured credit facility with a term loan.
Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.
Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
