(Reuters) – Warren Buffett’s Berkshire Hathaway said it has sold an additional 750,000 shares of DaVita, reducing its stake in the kidney dialysis services provider by about 2% to 35.14 million shares worth $5.4 billion. The sales between February 14 and 19 totaled about $115 million, according to a Wednesday night filing with the U.S. …
Berkshire Hathaway sells another 750,000 DaVita shares Read More »
By Byron Kaye and Sameer Manekar (Reuters) – Australia’s biggest non-food retailer Wesfarmers said it may raise prices as a soft local dollar drives up supply costs and warned on Thursday that tariffs ordered by U.S. President Donald Trump may spur inflation. The owner of Australia’s biggest hardware chain, Bunnings, and budget department store chain …
Australia’s Wesfarmers sees tariff inflation risk as profit beats forecast Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s unemployment rate ticked higher in January even though job creation handily outpaced forecasts, data showed on Thursday, a mixed outcome that does little to clarify the outlook for further cuts in interest rates. Figures from the Australian Bureau of Statistics showed net employment rose 44,300 in January from December, …
Australia jobless rate rises in January even as employment booms Read More »
By Melanie Burton and Roshan Thomas MELBOURNE (Reuters) -Fortescue reported a slump in first-half profit on Thursday, missing analysts’ forecasts, and said it was reconsidering the timeframes for some of its green energy projects given policy uncertainty from the Trump administration. Australia’s iron ore majors, including bigger rivals Rio Tinto and BHP reporting this week, …
BUENOS AIRES (Reuters) – Argentine President Javier Milei will likely discuss the recently announced tariff hikes on U.S. imports of steel and aluminum in an upcoming visit to Washington, the governor of a top aluminum-producing province said on Wednesday. Governor Ignacio Torres of the Chubut province, home to aluminum maker Aluar, said Argentine officials had …
Argentina’s Milei likely to discuss US aluminum tariffs in Washington Read More »
By Himanshi Akhand (Reuters) -ANZ Group, Australia’s fourth-biggest lender, said on Thursday that asset impairments jumped to their highest levels since 2021 in the first quarter, driven primarily by mortgages, sending its shares down 3%. The results capped a largely muted run of trading updates by Australia’s so-called Big Four banks, which have enjoyed higher …
Australia’s ANZ’s impaired assets rise in the first quarter, shares fall Read More »
By Clara Denina, Melanie Burton and Himanshi Akhand LONDON/MELBOURNE (Reuters) – Rio Tinto does not support a push by some shareholders to consolidate the company’s dual-exchange share listing in Sydney, its CEO told Reuters on Wednesday as the miner reported its lowest full-year underlying earnings in five years. Rio in a separate statement recommended its shareholders …
Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low Read More »
By Sameer Manekar (Reuters) -Top Australian telecom firm Telstra met consensus expectations for its first-half profit on the back of its mobile business and announced an A$750 million ($475.88 million) share buyback, citing cost discipline and confidence in its outlook. Telstra will conduct the on-market buyback through 2025, which CEO Vicki Brady said was consistent …
Telecom giant Telstra’s profit jumps, announces $476 million buyback Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended modestly higher on Wednesday and the S&P 500 notched its second straight all-time closing high as investors scrutinized the minutes from the Federal Reserve’s January policy meeting and digested U.S. President Donald Trump’s tariff plans. All three major U.S. equity indexes made gains on the …
S&P 500 edges to record closing high as Fed minutes parsed Read More »
(Reuters) -U.S. crude oil stockpiles were expected to have risen last week, while distillate inventories likely fell and gasoline declined marginally, an extended Reuters poll showed on Wednesday. Nine analysts, polled by Reuters ahead of weekly inventory data, estimated that on average crude inventories rose by about 3.1 million barrels in the week to February …
US crude stockpiles likely rose last week, products seen down Read More »
