About: http://data.cimple.eu/news-article/9e90dfd20e4de9d850e479e507946faf179631fc275a66de3b67803b     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Warren Buffett's Berkshire Hathaway has acquired five percent stakes in five leading Japanese trading companies, it said in a statement on Monday. The stakes are valued at more than $6 billion according to Bloomberg News, and were acquired over approximately a year through regular purchases on the Tokyo Stock Exchange, Berkshire said. The stakes are in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp, and Berkshire said it plans to "hold its Japanese investments for the long term". Berkshire said it could increase its holdings up to 9.9 percent in any of the five firms, but added it would not exceed that cap "unless given specific approval by the investee's board of directors". Berkshire Hathaway is the holding company of Buffett, who is considered one of the world's savviest investors and has amassed a $72-billion fortune -- the world's fourth-largest, according to Forbes magazine. But even he has suffered setbacks during the pandemic, particularly on investments in the airline industry. In the statement, Buffett said he was "delighted" to participate in the Japanese firms and he hoped there would be "opportunities of mutual benefit". News of the purchases sent stock in all five firms soaring, with Marubeni Corp up 10.18 percent to 643.7 yen, Sumitomo Corp up nine percent to 1,373.5 yen, Mitsubishi Corp up 8.72 percent to 2.536 yen, Mitsui & Co up 6.47 to 1,898.5 yen and Itochu Corp up 4.49 percent to 2,731.5 yen. The Nikkei as a whole was higher, up 1.20 percent at the open on Monday. etb-sah/axn
schema:headline
  • Buffett's Berkshire takes stake in Japan trading firms
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software