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Billionaire Buffett's Berkshire buys more Citigroup and several other stocks, slashes Verizon
Berkshire Hathaway Inc on Monday said it added new investments in Citigroup Inc C.N and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.
Buffett's Berkshire buys Citigroup and several other stocks, slashes Verizon
NEW YORK:Berkshire Hathaway Inc BRKa.N on Monday said it added new investments in Citigroup Inc C.N and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.
Spike in raw material price may impact profits
PETALING JAYA: Malaysian corporates are likely to post a slowdown in corporate earnings growth this year as inflationary pressures, the spike in raw material prices and the Russia-Ukraine war impact profitability.
Emerging markets: Philippine stocks posts best session in two months; Asian stocks rise even as weak China data casts gloom
Philippine stocks closed 1.9% higher to record their best session in two months. That follows five straight sessions of losses and a 5.6% decline last week.
Matt Damon's crypto ad blamed for losing people money
The Bourne Identity star isn't alone among celebrities to hawk digital currency. So have Kim Kardashian, Stephen Curry, Tom Brady, Spike Lee, Alec Baldwin and Neil Patrick Harris, among others.
Short Position: Bring the workers, Good Growth, Chip sweet spot
MANY are not in favour of the government’s proposal to slash crude palm oil (CPO) export tax to between 4% and 6% and also, to slow down its B20 biodiesel programme to boost export earnings from the record high commodity prices.
Emerging markets: Indonesia stocks in correction territory as India central bank steps in to lift rupee; other currencies are mixed
Asian currency markets were mixed on Friday as investors weighed the effects of rapid acceleration in consumer prices on the global economy, while Malaysia's ringgit reversed course to post marginal gains after positive economic growth data.
Powell says Fed will fix inflation, calls price stability 'bedrock' of economy
WASHINGTON: Calling stable prices the "bedrock" of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank's battle to control inflation would "include some pain" as the impact of higher interest rates is felt, but that the worse outcome would be for prices to continue speeding ahead.
SoftBank faces record loss as Masayoshi Son’s bets tumble again
TOKYO: Billionaire Masayoshi Son is poised to set another record – and not the good kind.
Indonesia central bank expected to raise benchmark interest rate in departure from populist stance
JAKARTA (The Straits Times/Asia News Network): Indonesia's central bank is expected to raise interest rates later this month after the United States Federal Reserve raised its benchmark rate significantly last week to curb surging inflation.
