Buffett Defends Investments And Cash Stake, Targets Wall Street At Berkshire Meeting

Buffett Defends Investments And Cash Stake, Targets Wall Street At Berkshire Meeting

By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) -Warren Buffett on Saturday railed against Wall Street excess, and after spending tens of billions on stocks and companies in March extolled the virtue of keeping lots of cash, as he hosted Berkshire Hathaway Inc’s first in-person annual meeting since 2019. Buffett, 91, who is Berkshire’s…

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India seizes $725 million China’s Xiaomi over remittances

NEW DELHI (AP) — Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an…

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Buffett Takes Stage At Berkshire Meeting, Talks About Virtues Of Cash

Buffett Takes Stage At Berkshire Meeting, Talks About Virtues Of Cash

By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) -Warren Buffett on Saturday took the stage at Berkshire Hathaway Inc’s first in-person annual shareholder meeting since 2019, where shareholders can quiz him on everything from corporate governance, potential new investments and his views on the economy. Buffett, 91, chairman and chief executive officer of Berkshire,…

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Buffett's Berkshire Bought $51 Billion Stock In First Quarter; Operating Results Flat

Buffett’s Berkshire Bought $51 Billion Stock In First Quarter; Operating Results Flat

By Jonathan Stempel OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit was little changed from a year…

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India's Vedanta In Talks To Raise Up To $3 Billion Debt In Semiconductors Push

India’s Vedanta In Talks To Raise Up To $3 Billion Debt In Semiconductors Push

By Munsif Vengattil and Nivedita Balu BENGALURU (Reuters) – India’s Vedanta is in talks with banks to raise debt of $2.5 billion-$3 billion to bolster its semiconductor and display manufacturing plans as it races to become the country’s first chipmaker, a senior company official told Reuters on Saturday. The oil-to-metals conglomerate decided in February to…

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