Buffett's Berkshire Has Record Annual Operating Profit Despite Inflation, Rate Pressures

Buffett’s Berkshire Has Record Annual Operating Profit Despite Inflation, Rate Pressures

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter, after the conglomerate’s dozens of businesses generated…

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Buffett's Berkshire Posts Record Annual Operating Profit

Buffett’s Berkshire Posts Record Annual Operating Profit

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and lower gains from investments caused fourth-quarter profit to fall. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter after the conglomerate’s dozens of businesses generated $30.8 billion…

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World Bank Promises 'concessionality' In Debt Restructuring

World Bank Promises ‘concessionality’ In Debt Restructuring

BENGALURU (Reuters) -The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday. The remarks come amid calls by China, the world’s largest bilateral creditor, that global lenders should take haircuts…

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