How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago. On Sept. 26, 2008, Berkshire Hathaway Inc. (brk-b) agreed to buy what is now equivalent to 24.59% of BYD Co.’s Hong Kong-traded stock. Those shares in what is now China’s biggest maker of…
IN HIS trade war with China, President Donald Trump appears to have the upper hand. The new tariffs his administration unveiled this week, which will raise the share of Chinese imports subject to levies to at least 44%, are unlikely to dampen America’s sizzling economy, or to boost inflation by much. Though some firms will…
OF THE various things Britain’s government has got wrong in its Brexit negotiating strategy, perhaps the most enduring is the belief that it could drive a wedge into the ranks of the remaining 27 members of the European Union. A favourite early mantra of Brexiteer MPs was that German carmakers would pressure Angela Merkel to…
WASHINGTON (Reuters) - The United States is preparing a “series of actions” in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday. FILE PHOTO: Venezuela's President Nicolas Maduro gestures as he talks to the media during a news conference at Miraflores Palace in…
Image copyright Reuters Image caption The sanctions relate to China's purchase of 10 Russian Sukhoi Su-35 fighter jets China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or "bear the consequences".The US says China has contravened US sanctions on Moscow introduced over Russian actions in Ukraine…
TEN YEARS AFTER the weekend that upended the financial world, its most important lessons lie not in what has changed, vast and profound though that is, but in what hasn’t changed. The main causes of the last crisis—human self-delusion and irrationality—will be the main causes of the next one. If that seems unbearably depressing, cheer…
Planned Parenthood is joining efforts to flip the House. Planned Parenthood Votes, the super PAC arm of the pro-choice group, is investing more than $4 million into 24 House races ahead of the midterm elections in November. In 15 of the races, the incumbent is a Republican; in nine, the races are open. But the…
ANOTHER week, a further ratcheting up of trade tensions between America and China. On September 17th President Donald Trump announced that he had approved another wave of tariffs on Chinese imports. From September 24th, imports of products which in 2017 were worth as much as $189bn, including furniture, computers and car parts, will be hit…
WASHINGTON (Reuters) - U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple (AAPL.O) and Fitbit (FIT.N) and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing the…
President Donald Trump ordered the US Trade Representative to impose a tariff on $200 billion worth of Chinese goods, catapulting the US-China trade war to the next level. "For months, we have urged China to change these unfair practices, and give fair and reciprocal treatment to American companies," Trump said in a statement. "We have…
