By Rhea Binoy and Jose Joseph (Reuters) -Blackstone Inc Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman rec[...]
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February 25, 2023
Buffett’s Berkshire has record annual operating profit despite inflation, rate pressures
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest r[...]
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Taiwan says ‘Fab 4’ chip group held first senior officials meeting
TAIPEI (Reuters) – The U.S.-led “Fab 4” semiconductor alliance of Taiwan, the United States, Japan and South Korea held its first video meeting of senior officials last week focused[...]
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Nokia phone maker HMD to set up production in Europe
By Supantha Mukherjee BARCELONA (Reuters) – HMD Global Oy, licensee of Nokia-brand smartphones, said on Saturday it is developing capabilities and processes this year to bring 5G device producti[...]
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Yellen says World Bank nominee’s credentials will overcome selection criticism
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard[...]
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Yellen says she will talk deficit-reduction with Republicans, not debt limit
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday she was willing to negotiate with Republicans in Congress over the Biden administration’s budget[...]
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BOJ’s Kuroda says he is resolved to keep ultra-loose policy
(Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda on Saturday stressed anew the central bank’s resolve to maintain ultra-loose monetary policy, even as inflation continued to exceed[...]
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IMF flags debt restructuring hurdles, says banning crypto should be an option
By Aftab Ahmed and Sarita Chaganti Singh BENGALURU (Reuters) – Group of 20 (G20) nations have some disagreements over restructuring debt for distressed economies, the chief of the International[...]
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Stellantis CEO Tavares’ 2022 pay fell 14% to $15.7 million
(Reuters) – Stellantis CEO Carlos Tavares’ 2022 pay fell 14% to 14.9 million euros ($15.71 million), the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday. Tavares did not[...]
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