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DIFC picked as Berkshire Hathaway Mideast hubDubai International Financial Centre (DIFC), the leading financial hub in MEASA, has welcomed Berkshire Hathaway Specialty Insurance Company (BHSI) to its cluster of global insurance firms, as part of the company’s expansion in region. More… |
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Berkshire discloses unit's ties to Iran, opens probeWarren Buffett's Berkshire Hathaway Inc said it had recently learned that one of its foreign units made sales through a third-party distributor to customers in Iran, despite US sanctions against that country. In its quarterly More… |
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Warren Buffet’s Berkshire profit falls 37pcWarren Buffett's Berkshire Hathaway Inc said on Friday its second-quarter profit fell 37 per cent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. N More… |
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Berkshire has found its rightful heir, says BuffettWarren Buffett told investors on Saturday that Berkshire Hathaway had found his successor, giving more details than ever about the heir to the company he has run for 50 years. "Both the board and I believe we now have the rig More… |
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Buffett donates $2.8bn to Gates, charitiesWarren Buffett this week donated $2.8 billion of Berkshire Hathaway stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. Buffett donated about 21.73 million Class "B" shar More… |
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Berkshire profit sinks 64pc on derivatives lossWarren Buffett's Berkshire Hathaway said that first-quarter profit tumbled 64 per cent, hurt by $1.6 billion of pre-tax losses tied to derivatives contracts. The company's net income fell to $940 million, or $607 per Class A share, from $2 More… |
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Buffett sees dollar weakerBerkshire Hathaway Inc's Warren Buffett said on Thursday he expected the dollar to get weaker and said that South Korea's stock market was still more attractively valued than other world markets. Buffett, who was making a one-day trip to K More… |
