News

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Sat, 24 Feb 2018 20:08:30 GMT

Berkshire increases liability claim position

Warren Buffet's conglomerate on Saturday revealed that it has made a $1.8B increase to its estimated claim liabilities.

Sat, 24 Feb 2018 19:14:26 GMT

Warren Buffet scolds bonds

On Saturday Warren Buffet prodded retail investors about them investing into bonds after the recent fluctuations in the global stock markets.

Sat, 24 Feb 2018 19:11:00 GMT

Buffet is looking for companies to buy

The world's top financier Warren Buffet on Saturday revealed that he can no longer find large scale companies to purchase.

Sat, 24 Feb 2018 17:54:39 GMT

Buffett says Berkshire stable to withstand massive insurance losses

Berkshire Hathaway Inc has acquired enough funds to financially withstand $400B in insurance losses due to natural disasters, Warren Buffett informed shareholders on Saturday.

Sat, 24 Feb 2018 17:54:10 GMT

NBIM plans investments in German medium-sized companies

Norges Bank Investment Management plans to invest in German medium-sized companies in 2018 if approval from the Norwegian government is given, the fund's CEO told media on Saturday.

Sat, 24 Feb 2018 17:04:44 GMT

ECB's Nouy: Greek banks are required to reduce NPLs

According to the Chair of the Supervisory Board of the European Central Bank Daniele Nouy, Greek banks are required to do more to reduce the high number of non-performing loans.

Sat, 24 Feb 2018 17:03:09 GMT

CDU conservatives urge for shift to right to regain voter trust

Several conservatives from the Merkel-led CDU said on Saturday that the party should shift to the right in order to win back voters prior to a coalition vote on Monday.

Sat, 24 Feb 2018 16:02:06 GMT

Chile's Pinera plans to enlarge Codelco management

According to the local newspaper La Tercera, Chile's President-elect Sebastian Pinera intends to add two management units at the state-owned copper producer Codelco.

Sat, 24 Feb 2018 15:53:51 GMT

Northern League holds rally in Milan

On Saturday, Italy's opposition party Northern League held a rally in the centre of Milan, which gathered thousands of supporters on the threshold of parliamentary elections that will take place on March 4.

Sat, 24 Feb 2018 15:02:34 GMT

Berkshire reports record profit

The CEO of Berkshire Hathaway Warren Buffett reported record annual and quarterly income that was partly based on lowered corporate income tax

Sat, 24 Feb 2018 15:02:24 GMT

China cuts red tape for foreign banks

According to the Xinhua news agency, the China Banking Regulatory Commission (CBRC) eased approval procedures for foreign banks in an attempt to boost investment in the country's financial sector.

Sat, 24 Feb 2018 14:15:51 GMT

Choksi refuses to plead guilty in PNB fraud case

In an open letter published on Saturday Mehul Choksi refused to admit guilt in a planned $1.8B fraud that involved his Gitanjali Gems and Punjab National Bank.

Sat, 24 Feb 2018 14:10:48 GMT

Buffet calls for more acquisitions

Warren Buffett stated on Saturday that Berkshire Hathaway needs to make another huge acquisition in order to boost its earnings. However, he acknowledged that searching a deal with an adequate price had become a difficult task.

Sat, 24 Feb 2018 13:02:48 GMT

JNIM claims responsibility for attack in Mali

JNIM, the local militant group affiliated with al Qaeda, claimed responsibility on Saturday for a terrorist attack that resulted in death of two French soldiers near Mali's border with Burkina Faso and Niger.

Sat, 24 Feb 2018 13:02:36 GMT

CIRC to force top insurers to fix investment rule breaches

The China Insurance Regulatory Commission (CIRC) stated on Saturday that it would require top three country's insurers to improve foreign investments that had breached a number of local regulations.

Sat, 24 Feb 2018 12:01:59 GMT

S&P increases Russia's credit rating

In a decision made on Friday, S&P Global Ratings increased Russia's both short-term and long-term sovereign credit ratings to BBB-/A-3 investment grade.

Sat, 24 Feb 2018 12:01:48 GMT

Libya's NOC announces force majeure on 70K bpd

Libya's National Oil Corporation (NOC) reported on Saturday it had announced force majeure on the 70K bpd on El Feel oilfield in result of a seizure made by Fazzan group from the PFG.

Sat, 24 Feb 2018 11:11:32 GMT

Russia calls for dialogue with US on North Korea

According to the TASS news agency, the Deputy Foreign Minister of Russia Igor Morgulov said that development of the current situation on the Korean peninsula requires direct dialogue between the United States and Russia on this issue.

Sat, 24 Feb 2018 11:11:21 GMT

Death toll from blast in Mogadishu rises to 45

A senior government official confirmed on Saturday that the number of people who lost their lives from a car bomb blasts rose to 45 from previously reported 18.

Sat, 24 Feb 2018 10:35:53 GMT

UN: South Sudan officers responsible for war crimes

More than 40 South Sudanese military officers are responsible for crimes against humanity and war crimes, UN investigators say.

Sat, 24 Feb 2018 10:34:53 GMT

Geely: no more Daimler shares "for the time being"

China's Zhejiang Geely Holding does not intend to purchase more Daimler shares "for the time being", the company says, after disclosing 9.69% ownership in the German concern.

Sat, 24 Feb 2018 09:33:49 GMT

Militants kill 18 soldiers in Afghanistan

Taliban militants killed 18 government soldiers in an attack on an army post, the defence ministry says.

Sat, 24 Feb 2018 09:32:55 GMT

Two car bombs kill 18 in Somalia

Two car bombs killed 18 people in Mogadishu, a capital of Somalia, in an attack carried out by the Islamist group al Shabaab.

Sat, 24 Feb 2018 08:37:07 GMT

Indonesian president wants Perry Warjiyo to lead central bank

The Indonesian President Joko Widodo wants Perry Warjiyo to run the central bank when the current chief steps down in May.

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