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Topic

Warren Buffett

Berkshire bought $51bn stock

Berkshire bought $51bn stock

Published 01 May, 2022 05:11am
OMAHA: Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than...
China stocks up

China stocks up

Published 31 Mar, 2021 05:42am
SHANGHAI: China shares climbed more than 1% on Tuesday, underpinned by gains in new energy and healthcare stocks, as...
Buffett-backed Chinese EV maker BYD profit up 162pc in 2020

Buffett-backed Chinese EV maker BYD profit up 162pc in 2020

Published 29 Mar, 2021 08:44pm
  • BYD reported 4.23 billion yuan ($643.75 million) net profit in 2020, up from 1.61 billion yuan in 2019. That compared with a 4.6 billion yuan net profit estimated by 22 analysts, according to Refinitiv data.
  • The Shenzhen-based car company, which has partnerships with Japan's top automaker Toyota and German Daimler in China, sold 426,972 vehicles in 2020, 7.5% lower from a year earlier.
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