<div class=newsTextDataWrapInner><p>(Aug 31): Warren Buffett’s Berkshire Hathaway Inc&nbsp;won’t have to swiftly disclose its rapid-fire sales of Bank of America Corp (BofA)&nbsp;stock too much longer. That is, if he keeps whittling the investment.</p></div>

<div class=newsTextDataWrapInner><p>A fresh round of disposals disclosed late on Friday trimmed the conglomerate’s stake in the bank down to 11.4%. So long as Berkshire holds more than 10%, US rules require it to reveal transactions within a few days. But if the company holds less, it may wait weeks to update the public — typically giving snapshots after every quarter.</p></div>

<div class=newsTextDataWrapInner><p>That would help quiet the drama weighing on the BofA’s share price since mid-July, when Buffett — a long-time backer of chief executive officer Brian Moynihan — embarked on a selling spree without giving a reason. Berkshire has since reaped a total of US$6.20 billion (RM26.78 billion).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In the disposals announced on Friday, Berkshire sold about 21 million shares for US$848 million from Aug&nbsp;28 through 30.</p></div>

<div class=newsTextDataWrapInner><p>Buffett, 94, began building the investment in the BofA with a US$5 billion deal in 2011 for preferred stock and warrants. His Berkshire eventually became — and remains — the bank’s biggest stockholder, with a stake worth about US$36 billion, based on Friday’s closing price.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Warren Buffett’s Berkshire Hathaway Inc won’t have to swiftly disclose its rapid-fire sales of Bank of America Corp (BofA) stock too much longer. That is, if he keeps whittling the investment.

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NEW TAIPEI (Sept 18): Taiwan’s Gold Apollo did not make the pagers that were used in the detonations in Lebanon on Tuesday, the company’s founder Hsu Ching-Kuang told reporters on Wednesday.

Gold Apollo says it did not make pagers used in Lebanon explosions

South African coal miner Seriti Resources plans to cut 1,241 jobs to contain costs due to lower prices and persistent rail bottlenecks, the company said on Tuesday, a move the country's biggest mineworker union said it would fight.

South African coal miner Seriti plans 1,200 job cuts

Australian pensions Equip Super and TelstraSuper are exploring a tie-up that would create a A$60 billion (US$41 billion or RM172.64 billion) fund, the latest of the industry’s smaller players to join forces.

Two Australian pensions plan merger to create US$41b fund

WASHINGTON (Sept 17): The head of the Secret Service told Donald Trump in a private meeting that significant new security arrangements will be needed if he wants to keep playing golf, The New York Times reported on Tuesday.

Donald Trump told new security arrangements are needed if he keeps playing golf

Swiss watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump.

Swiss watchmakers call on central bank to act on franc as exports slump

KUALA LUMPUR (Sept 18): Shares of MyEG Services Bhd (KL:MYEG) rose to a two-month high on Wednesday, after the e-government services firm teamed up with freight forwarders to promote its blockchain-based ZTrade.

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Bridgewater Associates founder Ray Dalio said a small part of his family office’s portfolio remains invested in China, but pointed out that there are “real issues” in the country amid a deepening economic slowdown.

Dalio sees ‘real issues’ in China, keeps small exposure

Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle (EV) charging equipment maker tackles weaker demand.

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<p>The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.</p>


Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

<p>A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&amp;G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.</p>


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<p>The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.</p>


How markets perform during US elections

<p>The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.</p>


Dollar cedes ground, Asia stocks mixed as Fed looms large

<p>KUALA LUMPUR (Sept 18): Shares of MyEG Services Bhd (KL:MYEG) rose to a two-month high on Wednesday, after the e-government services firm teamed up with freight forwarders to promote its blockchain-based ZTrade.</p>


<p>Bridgewater Associates founder Ray Dalio said a small part of his family office’s portfolio remains invested in China, but pointed out that there are “real issues” in the country amid a deepening economic slowdown.</p>


<p>Tupperware Brands Corp filed for bankruptcy following a years-long struggle with sales declines and growing competition.</p>


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Fed cut to serve as starting gun for central banks across Asia

<p>Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.</p>


US stocks hover near record-high as traders split over Fed rate cut 

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Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

<p>Swiss&nbsp;watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump.</p>


<p>Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.</p>


Bankrupt trucker Yellow loses ruling over US$6.5b in pension debts

<p>NEW TAIPEI (Sept 18): Taiwan’s Gold Apollo did not make the pagers that were used in the detonations in Lebanon on Tuesday, the company’s founder Hsu Ching-Kuang told reporters on Wednesday.</p>


<p>BEIJING (Sept 18): China’s commerce minister said the European Union’s imposition of tariffs&nbsp;on electric vehicles (EV) will&nbsp;"seriously interfere" with trade and investment cooperation and hurt both China and Germany.</p>

<p>In talks&nbsp;on Tuesday with&nbsp;German ViceChancellor and...

EV tariffs will damage Germany, China, says Chinese commerce minister

<p>Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve (Fed) has sparked a related debate over the possibility of an accelerated halt to the central bank’s balance sheet drawdown.</p>


Fed rate cut uncertainties rattle balance sheet outlook

<p>Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve (Fed) this week.</p>


Dalio sees quarter-point Fed cut as ‘right thing’ for creditors

<p>When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.</p>


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<p>BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).</p>


BlackRock, Microsoft to raise US$30b for AI investments

<p>Blink Charging&nbsp;said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle (EV) charging equipment maker tackles weaker demand.</p>


<p>Japan's export growth slowed sharply in August as shipments to the US dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.</p>
