United States



With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

NEW YORK Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc.

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Latvia calls emergency meeting after third-largest bank fails

RIGA Latvian authorities will gather for an emergency meeting on Monday following the failure of the country's third-largest bank, the Prime minister said on Saturday, as the country kept watch for any fallout on other banks.

9:12am EST

India's Choksi claims innocence in PNB fraud with open letter

MUMBAI Mehul Choksi, one of two businessmen allegedly involved in perpetrating India's biggest ever banking fraud, broke his silence at the weekend with an open letter to employees claiming his innocence and telling them to look for other jobs.

7:55am EST

GE says it may face U.S. action over subprime mortgage operations

NEW YORK General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday.

Feb 23 2018

Chile president-elect plans to add more Codelco management: paper

SANTIAGO Chile's President-elect Sebastian Pinera plans to create two new management units at the world's largest copper producer, state-run Codelco, to improve operations, his pick for mining minister told local paper La Tercera on Saturday.

10:39am EST

China cuts banking red tape to rally foreign investment - Xinhua

BEIJING China's banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government's ongoing effort to promote investment in the country's fast-growing financial sector.

8:52am EST


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