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SMEBiz 05 Aug 2019 | 7:00 AM

Warren Buffett distracts from ‘mind-numbing’ earnings

AS a larger-than-life CEO, Warren Buffett tends to overshadow anything happening within his US$500bil conglomerate, Berkshire Hathaway Inc. Case in point: An entirely inconsequential charity lunch that’s been cancelled between the billionaire and a Chinese cryptocurrency entrepreneur has gotten far more attention than quarterly earnings report from Berkshire will.

Business 11 Jun 2019 | 12:00 AM

Renault’s 20-year marriage with Nissan may be in trouble

TOKYO: Stung by the shock arrest of their leader, and now a failed deal to create one of the world’s biggest automakers, decades-long partners Renault SA and Nissan Motor Co may have finally reached boiling point in their relationship.

Business 16 Apr 2019 | 12:00 AM

Three Gorges’ US$10bil rethink dashes M&A revival hopes

HONG KONG: When China Three Gorges Corp offered more than US$10bil last year to take over Portugal’s biggest power utility, bankers rejoiced that the flow of Chinese outbound acquisitions had started up again.

Corporate News 24 Feb 2019 | 11:14 PM

Even shrewd Buffett's Berkshire does not escape equities slide

Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.