Berkshire Hathaway Inc s record profit driven by insurance operations included a significant Apple share sale, increasing cash to $189 billion. Buffett s move away from Apple reflects investor concerns. The company also repurchased its own stock and held its annual meeting in Omaha.
(Bloomberg) DBS Group Holdings Ltd.’s Chief Executive Officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkNYPD Arrests Over 300 Protesters in Crackdown on College CampusesT
International Business News: One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis show.
(Bloomberg) UniCredit SpA is poised to increase its overall bonus pool for last year by about 16%, after the Italian lender posted a record profit and increased shareholder returns.Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillStanChart Weighs Break Up of Corporate, Investment BankThe Brutal Reality of Plunging Office Values Is HereStocks, Bonds Reclaim Solid Ground After CPI Miss: Markets WrapPutin Seeks Revenge on a World Order He Once Wanted to JoinThe a