Billionaire Buffett buys another 9.9 million Occidental Petroleum shares (NYSE:OXY)

Drew Angerer/Getty Images News Warren Buffett’s Berkshire Hathaway (BRK.A) disclosed it purchased an additional 9.9 million Occidental Petroleum (NYSE:OXY) shares last week as the billionaire continued to add his position in the oil company. Buffett purchased the 9.9M shares for about $584 million at average price of $58.98 from Wednesday through Friday and now owns … Read more

Warren buffett: Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake

Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett’s … Read more

stock market trading: Mind Over Money: Sachin Gupta shares 12-point checklist for traders to maintain mental health

Five-day work week, permanent off over the weekend, no presentation or yearly targets – some might call this a dream life, but for a trader, it is not a dream job as it comes with its own set of challenges, Sachin Gupta, CEO & Whole Time Director, Share India explains. The equity market has changed … Read more

Uniper shares tumble after group scraps forecast and seeks state support

Shares in Uniper, Germany’s largest buyer of Russian gas, tumbled by a fifth on Thursday after the company warned on profits, withdrew its annual forecast and said it was in talks with the government over possible support. The Düsseldorf-based group said it expected earnings before interest and taxes to be “significantly below” previous years, as … Read more

European shares turn higher as traders reassess rate rise outlook

European stocks started the week higher, after a bounce on Wall Street on Friday, as traders questioned the extent to which slowing growth would impact central banks’ plans to raise rates aggressively. Europe’s regional Stoxx 600 share index rose 1.2 per cent in early dealings, following its first weekly gain in a month last week. … Read more

NIO’s Hong Kong, Singapore shares hit new highs as outlook brightens

NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, +3.61% gained 4.1% to US$24.77 while its Hong Kong stock 9866, +2.60% rose 4.3% to 196.60 Hong Kong dollars (US$25.05), both new highs. The two listings are … Read more

Live news updates: Chinese tech shares boosted by easing fears over US rate increases

Now would seem a good time for central bankers to get together and brainstorm some ways of getting their economies out of a global inflationary crisis. So thank goodness for the European Central Bank’s annual Forum on Central Banking, a gathering amid the palaces in the pretty Portuguese Riviera town of Sintra to discuss the … Read more

Auto shares: Auto likely to hog limelight; M&M, BEML could give over 20% return in 3-6 months: Mehul Kothari

“The recent rally in auto stocks are due to multiple factors like decline in metals prices, improving chip availability and attractive valuations along with expected pick up in new launches ahead of good monsoon and festive season adding tailwinds to the sector,” says Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock … Read more

CM Patnaik shares Odisha’s achievements on food security at WFP HQ in Rome

Odisha Chief Minister Naveen Patnaik on Friday took the stage at the United Nations World Food Programme (WFP) headquarters in Rome to share the transformational progress of the state on strengthening livelihoods and food security with a specific focus on marginalized communities and women. The Chief Minister is currently … Read more