Japan's Wholesale Inflation Stays Near Record On Ukraine War, Weak Yen

Japan’s Wholesale Inflation Stays Near Record On Ukraine War, Weak Yen

By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed on Tuesday, adding strains to the resource-poor economy heavily reliant on imports. While rising wholesale prices will help accelerate consumer inflation toward the central…

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Buffett Needed Two Weeks For $11.6 Billion Alleghany Purchase, Balked At Goldman Fee

Buffett Needed Two Weeks For $11.6 Billion Alleghany Purchase, Balked At Goldman Fee

By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, even as he balked at paying the insurer’s banking fee, a regulatory filing on Monday shows. Alleghany said its Chief Executive Officer Joseph Brandon…

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New York Pension Leaders Back Calls For Less Fossil Fuel Financing

New York Pension Leaders Back Calls For Less Fossil Fuel Financing

By Ross Kerber (Reuters) -New York pension officials on Monday said they will support shareholder resolutions filed at major banks seeking quick cuts to financing of new fossil fuel development, pushing climate issues to the fore of another springtime shareholder meeting season. Shareholders should support resolutions filed at Bank of America Corp, Goldman Sachs Group…

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