Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
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Buffett says looking at investing in India
BANGALORE |
BANGALORE (Reuters) - Billionaire investor Warren Buffett said on Tuesday he was looking to invest in large countries like India.
Buffett heads Berkshire Hathaway Inc (BRKa.N), which has substantial insurance and utility investments globally.
"I don't consider India as an emerging market, I consider India as a very big market," he told reporters. "We continue to look at large countries like India."
Buffett in South Korea on Monday said Berkshire Hathaway, which at the year-end was sitting on $38 billion of cash equivalents and last week bought U.S. specialty chemicals maker Lubrizol LZ.N for $9 billion, was looking for more large-scale acquisitions anywhere in the world.
(Reporting by Sayantani Ghosh and Santosh Nadgir; Writing by Sumeet Chatterjee; Editing by Bryson Hull)
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