DUBAI (Reuters) -Saudi Arabia’s economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product published on Sunday. Non-oil activities grew by 5.8% in the first quarter from a year prior, the General Authority for Statistics said, citing flash estimates, while oil activities grew by…
(Reuters) – Mage won the 149th running of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday to capture the first leg of U.S. thoroughbred racing’s Triple Crown. Mage, who finished second in the Florida Derby last month, finished the 1-1/4-mile race in two minutes and 1.57 seconds. The chestnut colt, who went…
(Reuters) -Air raid alerts blared for several hours overnight into early Sunday over roughly two-thirds of Ukraine, with officials saying that air defence systems shot down a number of drones, including one over Kyiv’s airspace. “During the last air alert, an enemy reconnaissance UAV (unmanned aerial vehicle) was detected in the airspace of Kyiv,” the…
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipped by a Reuters poll of analysts…
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipped by a Reuters poll of analysts…
By Jonathan Stempel, Carolina Mandl and John McCrank OMAHA/NEW YORK (Reuters) – Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring “turmoil” to the financial system, even as he offered a vote of confidence in the United States and his conglomerate Berkshire…
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion,…
By Andrew MacAskill LONDON (Reuters) -Police arrested the leader of anti-monarchy group Republic and 51 others at King Charles’s coronation on Saturday, saying their duty to prevent disruption outweighed the right to protest. Hundreds of yellow-clad demonstrators gathered among the 10-deep crowds lining the procession route in central London to stand out from those clad…
By Jonathan Stempel and Carolina Mandl OMAHA, Nebraska (Reuters) – Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire’s annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated…
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals for environmental, social and governance changes at Warren Buffett’s conglomerate, all of which the billionaire investor and his board opposed. By margins of at least 3-to-1, shareholders voted against three proposals that Berkshire disclose more about its climate-related…
