Take Five: POTUS, virus, market ruckus

© Reuters. U.S. President Donald Trump arrives at the White House in Washington LONDON – 1/COVID THROWS US ELECTION CURVEBALL Donald Trump has joined the list of world leaders who fell prey to the coronavirus after shrugging off risks, scorning masks and making public appearances without following distancing guidelines. But a U.S. president testing positive, […]

Continue Reading

Ivory Coast president says new West African currency launch may take five years

2/2 © Reuters. FILE PHOTO: Ivory Coast’s Ouattara to submit application to run for third term 2/2 BOUAFLE, Ivory Coast (Reuters) – A planned new West African currency to replace the France-backed CFA franc this year has been derailed by the coronavirus pandemic and its launch could now be up to five years away, Ivory […]

Continue Reading

Buffett’s Berkshire buys 5% stake each in five Japanese trading companies

© Reuters. (Reuters) – Warren Buffett’s Berkshire Hathaway (N:) said on Sunday it has acquired more than 5% stakes in each of the five leading Japanese trading companies. Berkshire Hathaway’s wholly-owned subsidiary, National Indemnity Company, will notify Japan’s Kanto Local Finance Bureau of the stake purchase in Japanese companies Itochu Corp (T:), Marubeni Corp (T:) […]

Continue Reading

Russia Cuts Rate Most in Five Years and Signals More Easing

© Reuters. Russia Cuts Rate Most in Five Years and Signals More Easing (Bloomberg) — The Bank of Russia cut interest rates by the most in five years and signaled another reduction is likely to help stimulate an economy heading toward a deep recession.The benchmark interest rate was cut 100 basis points to 4.5%, the […]

Continue Reading