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…
PARIS (Reuters) – A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday. “SWIFT is just a matter of time, very short time, days,” the central bank governor, who asked not…
VILNIUS (Reuters) – Western partners are moving closer to halting Russia’s access to the SWIFT global interbank payments system, Lithuanian Prime Minister Ingrida Simonyte said on Saturday. “Our goal is that the decision is taken as early as possible. I cannot give a particular date. From what I’m hearing it seems that there is no…
LONDON (Reuters) – British Airways said it would cancel all short-haul flights from London’s Heathrow airport until midday on Saturday as it deals with an IT failure. “We are extremely sorry that due to the continuing technical issues we are facing we have regrettably had to cancel all short-haul flights from Heathrow today until midday,”…
By Yousef Saba DUBAI (Reuters) – E&, the UAE telecoms group formerly called Etisalat, is looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks to drive growth, its CEO told Reuters. The company is exploring a range of possibilities, including potential…
