Breaking News
Apr 12, 2023
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Berkshire Hathaway increased its stake in five trading houses in Japan to above 7% and the diversified conglomerate is prepared to add more and hold investment for a decade or two.
Berkshire first acquired stakes in these so called Shogo Shosha in August 2020. Itochu, Marubeni, Mitsui, Mitsubishi and Sumitomo play a crucial role in Japan's import of energy, food, chemicals and other commodities.
BRK-A
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Consumer price index declined to an annual rate of 5% in March, according to the latest report released by the U.S. Bureau of Labor Statistics.
Sharp decline in gasoline prices slowed the headline inflation but core inflation accelerated in the month to 5.6% from a year ago and rose 0.4% from the previous month on higher shelter costs.