By Jamie Freed and Tim Hepher SYDNEY (Reuters) -Qantas Airways Ltd is set to announce a landmark order for Airbus SE A350-1000 jets capable of nonstop flights from Sydney to London as part of a wider deal with the European planemaker, industry sources told Reuters. The multibillion-dollar order, to be unveiled in a Sydney airport…
By Jamie Freed and Tim Hepher SYDNEY (Reuters) -Qantas Airways Ltd will announce on Monday a landmark order for Airbus SE A350-1000 jets capable of non-stop flights from Sydney to London as part of a wider deal with the European planemaker, industry sources told Reuters on Sunday. The airline, which has touted plans for the…
By Joori Roh SEOUL (Reuters) -South Korea’s exports grew at their slowest pace in 14 months in April, with the trade deficit widening as China-bound shipments shrank and rising energy and raw materials prices pushed up the country’s imports. Exports grew 12.6% from a year earlier to $57.69 billion, trade ministry data showed on Sunday,…
By Joori Roh SEOUL (Reuters) – South Korea’s exports grew at their slowest pace in 14 months in April, with the trade deficit in goods deepening as a continued rise in energy and raw materials prices pushed up the country’s imports. Exports in April grew 12.6% from a year earlier to $57.69 billion, trade ministry…
By Carolina Mandl and Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman and chief executive roles by…
OMAHA, Neb. (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway Inc’s own businesses. Inflation has surged in the United States, hitting a new 40-year annualized high of 6.6% in March, and U.S. Federal Reserve policymakers appear set…
By Jonathan Stempel OMAHA, Neb. (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway Inc has taken a 9.5% stake in Activision Blizzard Inc, and built most of that stake after Microsoft Corp agreed to buy the video game maker for $68.7 billion. Buffett disclosed the investment at Berkshire’s annual shareholder meeting in Omaha, Nebraska….
By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) -Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc to rail against Wall Street excess and extol the virtues of cash after rapidly spending tens of billions on stocks and companies, while addressing the risk to his conglomerate from the threat of nuclear…
NEW YORK (AP) — Prices for Russian credit default swaps — insurance contracts that protect an investor against a default — plunged sharply overnight after Moscow used its precious foreign currency reserves to make a last minute debt payment on Friday. The cost for a five-year credit default swap on Russian debt was $5.84 million…
By Aditya Kalra NEW DELHI (Reuters) -India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp after a probe found the smartphone maker had made illegal remittances to foreign entities by passing them off as royalty payments. The Enforcement Directorate had been investigating the Chinese company’s business…
