By Jonathan Stempel (Reuters) – Warren Buffett is this year bringing back the annual extravaganza for shareholders of his Berkshire Hathaway Inc that he calls “Woodstock for Capitalists.” But the 91-year-old billionaire has a cautionary message: If you want to attend, get vaccinated against COVID-19. Proof of vaccination will be required to attend Berkshire’s annual…
By Paresh Dave (Reuters) -YouTube on Saturday suspended multiple Russian channels, including state-funded media outlet RT, from generating revenue on the video service, following a similar move by Facebook owner Meta Platforms Inc in the wake of the invasion of Ukraine. Citing “extraordinary circumstances,” YouTube said in a statement that it was “pausing a number…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit swelled, boosted by gains in many of its businesses and common stock investments such as Apple Inc, and said annual earnings reached a record high. Berkshire also signaled renewed confidence in its own stock, repurchasing $6.9 billion in the quarter,…
PARIS (Reuters) – Discussions among European Union members about excluding Russia from the Swift international payment system are close to reaching a successful conclusion, a French presidential official said on Saturday. The official, who was speaking on condition of anonymity, said that no EU member state was blocking Russia’s exclusion from the system, but that…
By Jonathan Stempel (Reuters) – Warren Buffett on Saturday signaled he will stick to his knitting, bemoaning the lack of good investment opportunities for Berkshire Hathaway Inc as it sits on a massive pile of cash even after repurchasing huge amount of its own stock. In his widely-read annual letter to Berkshire shareholders, the 91-year-old…
(Reuters) – The European Union has imposed two packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”. Further sanctions, including the suspension of Russia’s access to the global SWIFT payment system, could follow. The measures come on top of sanctions already in place since Russia’s annexation of Crimea in…
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit swelled, boosted by improved operating results and investment gains, and that it bought back an additional $6.9 billion of stock in the quarter. Quarterly operating income rose 45% to $7.29 billion, or approximately $4,931 per Class A share, from $5.02 billion a year…
LONDON (Reuters) – Russia launched a full-scale invasion of Ukraine this week, sparking a slew of sanctions and turmoil in global financial markets. Below are six charts showing the week’s dramatic moves in financial markets: ENERGY SURGE Fears of a potential supply disruption on oil markets from the war in Ukraine saw crude prices surge…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers remain open to accelerating their exit from bond buys even as the war in Ukraine raises uncertainty, and their biggest debate may be whether to put a firm end-date on the stimulus scheme, sources told Reuters. With inflation pressures building faster than…
(Reuters) – Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him. France was also ready to supply weapons and military equipment to Ukraine, Kuleba wrote on Twitter. (Reporting by Pavel Polityuk; Writing by…
