China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Buffett's Berkshire to look at RBS insurance unit
OMAHA, Nebraska (Reuters) - Warren Buffett said on Sunday his Berkshire Hathaway Inc (BRKa.N)(BRKb.N) insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland Plc's (RBS.L) possible divestiture of its insurance unit.
Earlier Sunday, the Sunday Express said Buffett was exploring a bid for RBS' Direct Line home and motor insurance business, according to a published report.
Last month, RBS said it was considering the sale of all or part of RBS Insurance, Britain's second-largest general insurer, to shore up its balance sheet. Analysts and bankers have valued the business at up to 8 billion pounds ($15.8 billion).
Separately, Buffett said the Brazilian real remains the only currency in which Berkshire has a position. Also on currencies, he said he believed the Canadian dollar will be stronger against the U.S. dollar in 10 years.
(Reporting by Jonathan Stempel; Editing by Andre Grenon)
