By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the first quarter, while Warren Buffett’s Berkshire Hathaway sold its remaining stake in the company, according to regulatory filings. Berkshire said in February it had reduced…
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions about potential synergies from its deal to acquire oil pipeline operator Magellan Midstream Partners. ONEOK on Sunday said it would pay $18.8 billion in cash and stock for Magellan to diversify its natural gas and…
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m. ET (1900 GMT) on Tuesday, a senior administration official said. The meeting was previously scheduled for last Friday, but was postponed. Aides from both sides have…
By Suban Abdulla LONDON (Reuters) – Britons face the biggest tax-raising drive since the start of former prime minister Margaret Thatcher’s term of office in the coming years as more people are pushed into paying the top rate of income tax, a leading think tank said on Tuesday. The independent Institute for Fiscal Studies (IFS)…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign buying of U.S. Treasuries in March rose to its highest level in more than two years, data from the Treasury Department showed on Monday, as investors snapped safe-haven government debt in the wake of banking stress during the month. Holdings of U.S. Treasuries rose to $7.573 trillion…
(Reuters) -British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. The company, which did not provide any details on first-quarter results in its earnings release, said it has built three vans at its…
(Reuters) -Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end…
By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities. Buffett’s company made its disclosures in a regulatory filing listing its U.S.-traded stocks as of March…
By Libby George and Karin Strohecker LONDON (Reuters) – Turkey’s sovereign dollar bonds and equities tumbled, and the cost of insuring exposure to the country’s debt spiked as Turkey’s presidential race heads to a runoff with incumbent Tayyip Erdogan leading his opposition rival. Turkey’s main banking stock index tumbled 9.6% as markets gauged potential fallout…
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency flexed its muscle on Monday to reach its highest value against the U.S. dollar in seven years, following nearly two years of interest rate hikes aimed at taming inflation that has seen consumer prices edge down. Some analysts chalk up the peso’s latest gains, however,…
