Saturday, February 24th, 2018

 

Buffett says he needs to make ‘huge’ deal despite recent drought

NEW YORK, Feb 24 — Warren Buffett and his business partner Charles Munger are still on the hunt for a large deal after a quiet 2017. “Berkshire’s goal is to substantially increase the earnings of its non-insurance group. For that to…


Buffett warns investors that safe-looking bonds can be risky

SEATTLE, Feb 24 — Sometimes the best lessons are worth repeating. Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway Inc shareholders today to again call out the wasteful fees that many money managers…


Nafta negotiators dig in for long haul as talks resume in Mexico

MEXICO CITY, Feb 24 — It’s looking increasingly likely Nafta talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign. Thorny issues such as content…


Geely buys Daimler stake in China’s biggest overseas auto deal

HONG KONG, Feb 24 — The founder of Zhejiang Geely Holding Group Co has accumulated a stake worth about €7.3 billion (RM35.1 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li…


US Fed resists upgrading long-run growth outlook after tax cuts (VIDEO)

WASHINGTON, Feb 24 — Federal Reserve officials are showing surprise at just how much the recently-enacted tax cuts are boosting the US economy. But they’re still not impressed enough to lift estimates for long-term growth, a stance that puts…


More Chinese agriculture firms expected to venture into Asean, says Malaysia-China Chamber of Commerce chief

KUALA LUMPUR, Feb 24 — The increasingly close cooperation between China and Asean will spur more Chinese agricultural enterprises to make their foray into the region moving forward, said Malaysia-China Chamber of Commerce (MCCC) President Tan…


Indonesian president nominates Perry Warjiyo to head central bank

JAKARTA, Feb 24 — Indonesian President Joko Widodo has selected Perry Warjiyo, a deputy governor at Bank Indonesia (BI), as his choice for central bank governor when the current head steps down in May, a senior adviser to the vice president…


Geely chairman builds US$9b stake in Germany’s Daimler

BEIJING, Feb 24 — The chairman of Chinese carmaker Geely has built up a 9.69 per cent stake in Mercedes-Benz owner Daimler, filings showed yesterday, an aggressive move designed to open the door for an industrial alliance between the two…


Dropbox files for IPO of up to US$500m

SAN FRANCISCO, Feb 24 — Data-sharing business Dropbox Inc yesterday filed for an initial public offering of up to US$500 million (RM1.9 billion) with the US Securities and Exchange Commission. The San Francisco-based company, which started as…


China’s property price growth slowed ‘slightly’ in Jan

BEIJING, Feb 24 — Property price growth in China was “stable while slightly lower” in January, the nation’s statistics bureau said in a statement today, as data showed prices in eleven major cities fell year on year. Last month,…