Tuesday, March 18, 2025

Creating liberating content

Ukraine’s President Volodymyr Zelenskyy (Pic credit: AP) Ukrainian President Volodymyr

NEW DELHI: HUDCO, the Navratna CPSE under housing and urban

Elon Musk likely exercised unconstitutional authority in shutting down USAID,

Related News

Prince Harry’s visa documents have been made public and it shows there was no preferential treatment for granting him US visa. Prince Harry does not have the risk of being

Ukraine’s President Volodymyr Zelenskyy (Pic credit: AP) Ukrainian President Volodymyr Zelenskyy on Tuesday said that Ukraine was favourable to a US-proposed ceasefire on strikes against energy infrastructure, which Russian President

NEW DELHI: HUDCO, the Navratna CPSE under housing and urban affairs ministry, will become a zero non-performing asset (NPA) company by having no bad loans in its books in the

Elon Musk likely exercised unconstitutional authority in shutting down USAID, an Obama-appointed judge said. A federal judge Tuesday rules that Elon Musk and his Department of Government Efficiency likely exercised

File photo of US President Donald Trump and Russian President Vladimir Putin (Pic credit: AP) US President Donald Trump described his phone conversation with Russian President Vladimir Putin on Tuesday

80,000 files regarding JFK’s assassination will be released today. Ahead of the much-awaited release of the 80,000 files related to the assassination of John F Kennedy, White House deputy press

Trending News

Gold prices surged by Rs 500, reaching a record high of Rs 91,250 per 10 grams in the national capital on Tuesday. This increase was driven by continued buying from

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life

Shares of Japan’s largest trading houses rally as Buffett hikes stake

Word Count: 211 | Estimated Reading Time: 2 minutes


Warren Buffett’s Berkshire Hathaway raised its stakes in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo — all to 7.4%.

Bloomberg | Bloomberg | Getty Images

Shares of the largest Japanese trading houses rallied on Tuesday after Warren Buffet’s Berkshire Hathaway raised its stakes in them overnight.

The 94-year-old investor’s holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more than 1 percentage point each, to stakes ranging from 8.5% to 9.8%, according to a regulatory filing.

Shares in all five companies rose at least 4% shortly after the open. Itochu and Marubeni were the top movers, advancing 4.12% and 4.55% respectively, as at 10.05 a.m. local time.

The five companies are the biggest “sogo shosha,” or trading houses, in Japan and invest across a wide range of sectors both domestically and abroad, “in a manner somewhat similar to Berkshire itself,” Buffett said.

He previously indicated his intention to increase his ownership in Japanese stocks – especially the five largest trading houses – in his annual letter to shareholders released in February.

Berkshire had bought into the five houses in the summer of 2019. Its Japanese holdings amounted to $23.5 billion at the end of 2024, at an aggregate cost of $13.8 billion.

— CNBC’s Yun Li and Hakyung Kim contributed to this report.



Source link

Sign In

Welcome ! Log into Your Account