Page 539 - Bloomberg

Buffett's Berkshire pounces on market slump to buy equities in June qtr

Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 bn as the insurance and railroad businesses posted gains

China's Hainan starts mass Covid testing, imposes more lockdowns

Hainan reported 182 local infections as of noon Sunday, boosting the total to more than 1,100 this month, state broadcaster CCTV reported, citing a briefing by the local government

Govt planning contentious laws to cut power utility debt worth Rs 6 trn

Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set tariffs based on market costs, and defining payment procedures and deadlines

Britain's West Midlands lobbying M&M to open motorcycle factory in the area

Midlands region is home to more than 400 specialist firms including Aston Martin Lagonda and India-owned Jaguar Land Rover

China simulating attack on main island in drills over Pelosi trip: Taiwan

China is carrying out its most provocative military drills in decades in the wake of House Speaker Nancy Pelosi's trip to Taiwan this week

Rishi Sunak under fire over boast he moved funding from deprived UK areas

Rishi Sunak's campaign spent Friday on the back foot as he faced widespread criticism over his remarks about reversing government funding for deprived urban areas

'Sizzling' US jobs data for July makes case for bigger Fed Rate increases

US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated

Twitch gambling boom is luring gamers into crypto casinos: Report

For years, offshore gambling has been a thorn in the side of US regulators

World food prices see biggest decline since 2008 in July, down 9%

The index fell to the lowest since January, before Russia's blockade of ports in Ukraine

The global economy is 'past peak inflation', says Tesla CEO Elon Musk

"The trend is down, which suggests we are past peak inflation," Musk said at Tesla's Austin headquarters and factory

The case for rate hikes heading for contested territory as recession looms

A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast

Why the Hong Kong-based $200 billion AMTD Digital stock is no GameStop

AMTD Digital Inc. has risen 14,000% since listing in New York, giving it a market value of more than $470 billion at one point this week

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

Tesla investors clear 3-for-1 stock split amid shares rally since late May

The split will bring Tesla's shares down to the $300 range, but the Austin, Texas based-company did not immediately specify as of when it will take effect

CK Group to sell Hong Kong firm AMTD stake after wild 14,000% gain

CK currently holds less than 4 per cent of AMTD Group, according to a statement

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Credit Suisse in revival mode, may cut thousands of jobs globally

The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of June

China fires 11 ballistic missiles near Taiwan in biggest test in decades

The People's Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island's Defense Ministry said

SoftBank raises $22 billion by selling Alibaba derivatives: Report

SoftBank Group shares rose 2.6% in Tokyo trading, while the benchmark Topix was flat