OMAHA, Neb. (AP) — Warren Buffett’s company has trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008, an investment that has soared in value. Berkshire Hathaway said in a regulatory filing Tuesday with the Hong Kong stock exchange that it had sold…
SACRAMENTO, Calif. (AP) — Discounted prices, car-share programs and at least one million more public charging stations are among the ways California will try to make electric cars easier to buy and drive as it phases out the sale of gas-powered cars. But the state won’t force automakers to participate in any equity programs designed…
BEIJING (Reuters) -China’s factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, suggesting the economy will struggle to sustain momentum. The official manufacturing purchasing managers’ index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics…
BEIJING (Reuters) – China’s factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday. The official manufacturing purchasing managers’ Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) said….
By Kevin Buckland TOKYO (Reuters) – Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data. The overnight JOLTS report on job openings – closely watched by the Federal Reserve – pointed to extremely tight labour conditions, defying the Fed’s tightening…
MEXICO CITY (Reuters) -A Mexican judge has declared local airline Interjet bankrupt, a document from judicial authorities showed on Tuesday, almost two years after the company stopped operating its low-cost flights around the Americas. The carrier now has 185 days to reach an agreement with creditors, during which Interjet’s payments are suspended, according to the…
OMAHA, Neb. (AP) — The auction of a high-tech portrait of Warren Buffett didn’t come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett’s 92nd birthday….
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – Russia will halt gas supplies via a major pipeline to Europe on Wednesday intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries. The maintenance on Nord Stream 1 means that no…
(Reuters) -Snap Inc said on Tuesday its two senior advertising executives have exited the company, hours after a report disclosed the Snapchat parent was planning to cut about 20% of its workforce. The executives Jeremi Gorman, chief business officer, and Peter Naylor, vice president of ad sales for the Americas, will join Netflix Inc, the…
NEW YORK (Reuters) -Goldman Sachs Group Inc will lift pandemic-era protocols at its offices effective Sept. 6, according to an internal memo reviewed by Reuters. The Wall Street investment bank had already called its employees back to the office full time in June last year, although it relaxed those requirements during periods when coronavirus cases…
