Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Singapore’s Straits Times Index gained 0.2 percent to 3,118.65 at the close, erasing earlier losses of as much as 0.7 percent. About the same number of stocks rose and fell in benchmark index of 30 companies.
People streamed into the central square in Celendin, a small city in the Peruvian Andes, the morning of July 3, 2012. They were protesting the government’s support for Newmont Mining Corp.’s plan to take control of four lakes to make way for a new gold and copper mine. By midday, there were 3,000.
Bumi Armada Bhd., a company controlled by Malaysian billionaire T. Ananda Krishnan, raised 2.66 billion ringgit ($888 million) after pricing shares at the upper half of its indicative range in the country’s biggest initial public offering this year, two people familiar with the matter said.
Most Asian stocks fell, with the regional benchmark index poised to drop a second day, as investors await a policy announcement by the European Central Bank after the Federal Reserve refrained from adding stimulus to the U.S. economy.