Current Market News

Reuters: Business News

Bank of America takes aim at gun-making clients

Feb 25 2018
(Reuters) - Bank of America Corp on Saturday became the latest financial heavyweight to take aim at gunmakers, saying it would ask clients who make assault rifles how they can help end mass shootings like last week's massacre at a Florida high school.

EIB investigates loans to Daimler in light of diesel questions: Welt

Feb 24 2018
FRANKFURT (Reuters) - The European Investment Bank may ask Daimler to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported.

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

Feb 24 2018
NEW YORK (Reuters) - 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.

Buffett says 'terrible mistake' for long-term investors to be in bonds

Feb 24 2018
NEW YORK (Reuters) - Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds.

Buffett says Berkshire can handle $400 billion mega-catastrophe

Feb 24 2018
(Reuters) - A giant hurricane, earthquake or other conflagration inflicting unprecedented, catastrophic damage is likely at some point to strike the United States.

China's Geely makes $9 billion Daimler bet against tech 'invaders'

Feb 24 2018
BEIJING/FRANKFURT (Reuters) - Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

Berkshire boosts liability estimate on AIG reinsurance contract

Feb 24 2018
(Reuters) - Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc .

ECB pulls the plug on Latvia's failing ABLV Bank

Feb 24 2018
FRANKFURT/RIGA (Reuters) - Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday.