Berkshire Hathaway cuts stake in China's BYD to below 5%
Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric
July 22, 2024Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric
July 22, 2024Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber
July 22, 2024A jump in British household saving since the COVID-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears,
July 22, 2024The Russian central bank is set to hike its key interest rate by 200 basis points to 18% at the July 26 board meeting to tame inflation and
July 22, 2024Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its
July 22, 2024The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as it sells down its government bond holdings, and that it
July 22, 2024Canada's main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank
July 22, 2024Global markets close higher amid upheaval in US presidential race
July 22, 2024Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its
July 22, 2024Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds,
July 22, 2024Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions
July 22, 2024The sharp jump in derivative trading by Indian retail investors is likely driven by a "gambling instinct", a finance ministry report said on Monday, cautioning that any sharp
July 22, 2024Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday.
July 22, 2024Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt.
July 22, 2024The Bank of Japan should more clearly indicate its resolve to normalise monetary policy, including through steady interest rate hikes, senior ruling party official
July 22, 2024The Biden administration on Monday announced 25 projects pitched by 30 different state, local and tribal governments that applied for $4.3 billion in grants
July 22, 2024European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.
July 22, 2024Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst
July 22, 2024China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged
July 22, 2024China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday.
July 22, 2024Patchy progress on implementing reforms to make money market funds and other types of "non banks" safer has left the global financial system vulnerable to more shocks,
July 22, 2024India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24
July 22, 2024India's government has taken a more cautious stance than private economists on the outlook for growth this fiscal year, predicting the world's
July 22, 2024China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non performing loans as the faltering Chinese economy and
July 22, 2024The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.
July 22, 2024