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...Berkshire has since sold a 2 per cent stake for $890mn. Its remaining holding is worth about $2.3bn....
...Instead they fell 5 per cent on Monday, as investors focused on a filing that showed Warren Buffett’s Berkshire Hathaway had further cut its stake in BYD, which has been one of its bigger equity holdings...
...Five months later, Berkshire sold 3mn shares of its holding in Hong Kong, equivalent to just over 1 per cent of the 225mn shares in its original stake....
...The group valued its holding at almost $7.7bn, reflecting a more than 33-fold gain from its initial investment of $232mn made in 2008. The stake has been one of Berkshire’s biggest equity holdings....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Following a six-month flurry this year in which SoftBank sold $90bn of holdings including in T-Mobile, Alibaba and its domestic mobile business SoftBank Corp, the company went off at an unexpected tangent...
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Despite Kotak Mahindra’s dizzying valuation — 4.5 times its book value, almost five times the sector average — holding a chunk could appeal to Berkshire, which recently invested in Paytm, India’s leading...
...His initials “AFW” appeared among the long list of advisers working on JAB Holding’s deal to acquire Dr Pepper Snapple....
Japanese banks have travelled different roads to international growth
...• The stock holdings of China Securities Finance, the main conduit for the injection of government funds, have risen from only Rmb692m ($108m) at the end of June to Rmb616bn ($96bn) three months later....
...A London-based finance manager at Expedia in London said in the Glassdoor report: “Strong, friendly work culture. Work-life balance is seen as very important by all. Very supportive management team....
...The birth of Alphabet, Google’s new holding company, prompted much talk of a conglomerate renaissance....
...With strong words such as “indecision now leads to trouble later”, “no more stimulus for a v-shaped recovery” and “must bury ‘zombie’ companies”, it shows strong resolve to reform, without losing sight of...
...Lucrative industries such as energy, finance and telecommunications remain the preserve of state-owned enterprises....
...The Lees’ direct holding in group flagship Samsung Electronics is just 4.7 per cent....
...Video of the day Structural reform in Indonesia Bambang Brodjonegoro, theminister of finance, discusses the country’s finance, the weak rupiah and the low level of tax receipts....
...Despite his prediction that Pershing Square Holdings will one day trade at a Berkshire Hathaway-like premium, it has traded stubbornly at a discount, suggesting investors want to build in a margin of error...
...Reluctance to restructure boldly and speedily has long bedevilled Japan Inc....
...Warren Buffett at Berkshire Hathaway, Bill Gross at Pimco, Neil Woodford at Invesco Perpetual and Anthony Bolton at Fidelity have all been given the star label at various times in their careers....
...DELUSION Business and Finance, (July 6 2000): It’s all about the future of money....
...The most glaring difficulty is that a US fund manager who manages a Ucit is prohibited from holding shares in it personally....
...“Our performance advantage has shrunk dramatically as our size has grown, an unpleasant trend that is certain to continue,” he wrote to Berkshire Hathaway shareholders in 2010....
...Investment strategy: A value investor and a disciple of Ben Graham, Mr Watsa invests via his insurance company Fairfax Financial Holdings....
...Guido Mantega, Brazil’s finance minister, announced a new primary surplus goal of 1.9 per cent on Thursday. The target was largely welcomed as being more realistic than in the past....
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