In the same news cycle Russian President Vladimir Putin said he would free more than 20,000 inmates from his country’s prisons, President Barack Obama announced a rather less grand gesture of clemency. He commuted the sentences of eight people convicted of crack-cocaine offenses -- all of whom have served at least 15 years -- and used his pardon power to erase the criminal records of 13 miscellaneous ex-offenders.
When Ivan Glasenberg walked into a members-only club in London’s Mayfair district on Sept. 7 at about 2 a.m. to see a customer, he’d just played what’s seen as the winning hand in negotiations to seal a $30 billion takeover.
They shape economies, move markets, do deals -- and change the world. They hold sway by virtue of the money they manage, the companies they control, the policies they enact and the ideas they propound. The people on the third annual 50 Most Influential list, to be published in the October issue of Bloomberg Markets magazine, command attention as masters of the global financial system.
Commodities trader dies of a stroke in Meggen near Lucerne, Switzerland at age 78, Swiss Radio 1 reports. *Report cites sources close to the Rich family *Rich to be buried in Tel Aviv tomorrow: Radio 1
It took Philipp Freimann just a few seconds to know he didn’t want apartment blocks built on his farmland in Zug, Switzerland’s richest canton, a decision that meant he would give up at least 30 million francs ($32 million).