Tag: BUYB
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Credit Suisse hits record low, largest lender says it can’t deposit more money
ZURICH, March 15 (Reuters) – Shares of Credit Suisse (CSGN.S) fell on Wednesday, falling as much as 10.5% to a new record low as its largest investor said he could not provide more financial support to the Swiss bank . “We can’t, because we would go above 10%. It’s a matter of regulation,” Saudi National […]
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Biden is going to require chip companies that win subsidies to share excess profits
WASHINGTON, Feb. 28 (Reuters) – The Biden administration said on Tuesday it will require companies raising funds from its $52 billion US semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications for a $39 […]
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Warren Buffett remains optimistic and preaches patience in an annual letter
Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]
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HSBC’s dividend boom was offset by concerns that the gain from the rate hike could be over
Q4 pre-tax profit of $5.2 billion, better than analyst estimates Return on equity target not raised, Hong Kong shares fall 2.1% Special dividend of $0.21/share once asset sale in Canada is completed New share buybacks are being considered in Q1 2023 ‘Don’t cut costs’ – CEO; $300 million hit from the sale of operations in […]