Warren Buffett’s Berkshire Hathaway Inc bought 9.9 million shares of Occidental Petroleum. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday. Occidental’s share price has more than doubled this year, benefiting from Berkshire’s purchases. The investment has prompted speculation that the conglomerate might eventually buy all of Occidental. Warren … Read more
Over the past couple of decades, central banks in emerging markets have made substantial progress in developing the credibility to conduct countercyclical monetary policy. During the Covid crisis, many of these central banks not only cut interest rates sharply, but also deployed a range of tools to help restore market functioning, including asset purchases. And, … Read more
ISLAMABAD: The Ministry of Energy on Tuesday said that no tender has been awarded to purchase $20.055/unit liquefied natural gas (LNG). In a tweet, the Power Division refuted a news item, appeared in a section of the press regarding the purchase of LNG at $20.055/unit, the ministry said that no such tender was awarded, rather … Read more
