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Warren Buffett

The BYD logo is displayed at the Beijing Auto Show on April 25, 2024. Photo: AFP
Electric & new energy vehicles

BYD set to usurp VW as China’s top carmaker amid surge in EV deliveries

BYD’s total deliveries have exceeded perennial leader Volkswagen’s volume this year through October.

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Ukraine war

Ukraine mine-clearing efforts struggle to revive war-torn farms

Millionaires and billionaires

Recap | Who are the richest people in the world and how did they earn their wealth?

US presidential election 2024

Here’s how US billionaires and their employees are approaching the election

From Silicon Valley to Wall Street, some company executives are mega donors while others are staying neutral.

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Tesla and SpaceX CEO Elon Musk takes the stage at a rally for Republican candidate Donald Trump at Madison Square Garden in New York on Sunday. Photo: AFP
Millionaires and billionaires

Who’s in the US$100 billion club? Net worths, ranked – from Musk to Zuckerberg

From the pioneering tech founders behind Google and Microsoft to the industry titans behind Walmart and Reliance, these founders and CEOs are worth over US$100b – here’s how they made their fortunes.

United States

As Berkshire Hathaway tops US$1 trillion, Buffett’s legacy reaches new heights

Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion.

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United States

Apple, Nvidia lead sell-off as stock markets plunge on US recession fears

Chicago Fed President Austan Goolsbee said officials need to be aware of changes in environment to avoid overly restrictive interest rates.

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Traders work on the floor of the New York Stock Exchange ahead of the closing bell in New York on Monday. Photo: AFP
Electric & new energy vehicles

Tesla regains EV crown from BYD by outselling rivals in shrinking China market

Tesla is the world’s largest maker of pure electric cars again after outselling its closest rival, BYD, during the first quarter of this year, according to data published by the companies.

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Electric & new energy vehicles

BYD expects sales growth slowdown, banks on export surge for profits

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

Electric & new energy vehicles

China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares

The Shenzhen-based company expects to complete its share repurchase scheme within 12 months of the plan’s approval by shareholders.

BYD rolls out the new Dolphin Mini electric vehicle during its launch in Mexico City, Mexico, on February 28, 2024. Photo: Reuters
Electric & new energy vehicles

Chinese EV builders Li Auto, Xpeng and Nio get 2024 off to a slow start

Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.

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A Li Auto factory in Changzhou, in China’s Jiangsu province. Photo: Xinhua
Electric & new energy vehicles

China’s BYD to post huge jump in 2023 profit amid record EV deliveries

The world’s largest electric car maker expects earnings for 2023 to jump by as much as 86.5 per cent, buoyed by record deliveries. Its profitability, however, remains far behind rival Tesla because of the American giant’s bigger profit margins.

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BYD

Editorial | China’s BYD electric vehicles leave Tesla standing

Shenzhen carmaker is having the last laugh on Elon Musk as its global deliveries overtake those of US rival.

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Stocks

The View | Charlie Munger’s wisdom on crypto ‘poison’ shows investment experience counts

Charlie Munger, along with investment partner Warren Buffett, built a strategy around good assets that had been underpriced. With a little of Munger’s discernment, investors and regulators might have avoided much pain over the likes of FTX and Binance.

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Berkshire Hathaway chairman Warren Buffett, left, and vice-chairman Charlie Munger chat with reporters on May 3, 2019. Munger, who helped Buffett build an investment powerhouse, has died at 99. Photo: AP
Stocks

Explainer | From BYD to Alibaba: Charlie Munger and his hot Chinese stock picks

Charlie Munger, a former lawyer, was Warren Buffett’s deputy at Berkshire Hathaway. He was a value investor who believed in long-term investments and companies’ intrinsic value.

Berkshire Hathaway vice-chairman Charlie Munger pictured at the company’s annual shareholders’ meeting in Omaha, Nebraska in May 2019. Photo: AFP/Getty Images/TNS
Obituaries

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway, dies at 99

Munger was known for steering Buffett away buying ‘cigar butts’ – mediocre firms at very cheap prices – and instead favouring quality over quantity.

Millionaires and billionaires

The world’s billionaires’ annual social calendar, revealed

From rubbing shoulders with Prince William at Ascot, to picking out million-dollar artworks at Frieze, the world’s wealthiest flock to a handful of events year round – so what are they?

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Electric & new energy vehicles

BYD posts record third-quarter profit after beating Tesla in EV deliveries

BYD, the world’s largest electric vehicle (EV) maker, reported on Monday its highest ever quarterly profit, buoyed by surging deliveries and a cost-cutting campaign.

A sign above a soon-to-open BYD Co. automobile showroom in the Mayfair district of London, UK, on Thursday, Sept. 14, 2023. China’s EV industry has thrived due to “innovation” and a “complete industrial supply chain,” China’s Commerce Ministry said. Photo: Bloomberg
Electric & new energy vehicles

BYD expects third-quarter earnings to more than double, hit all-time high

BYD, the world’s largest EV maker, expects its third-quarter earnings to hit an all-time high after it delivered a record number of cars to Chinese consumers.

Celebrity children

Not just Mick Jagger: 8 super-wealthy celebs who won’t leave fortunes to their kids

The Rolling Stones frontman recently revealed he won’t be leaving his US$500 million fortune to his 8 kids – so which other mega-wealthy celebs share the same sentiment towards their offspring?

Japan

Macroscope | Stock rally shows Japan’s allure as a safe haven amid mounting China risks

Japanese stocks have had many false dawns in recent years, but the latest upswing comes as several factors suggest this time may be different. Japan is also the only market in Asia big and liquid enough to offer an alternative to China.

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A stock monitor in Tokyo shows the Nikkei 225 topping 30,900 on the morning of May 19. The index hit a 33-year high on May 22, reaching levels not seen since the bursting of the asset-inflated bubble economy in the early 1990s. Photo: Kyodo
Electric & new energy vehicles

Berkshire Hathaway cuts stake again in world’s No 1 EV maker BYD

The share sale on May 2 has reduced Berkshire’s holding in Shenzhen-based BYD to 9.87 per cent from 10.05 per cent in August last year.

Warren Buffett, chairman and CEO of Berkshire Hathaway. Photo: AP Photo
Japan

Buffett prefers investing in Japan not Taiwan due to US-China rivalry

Investment tycoon Warren Buffett said he is more comfortable with Berkshire Hathaway Inc deploying capital in Japan than Taiwan, reflecting the growing tensions between the United States and mainland China.

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United States

Macroscope | US commercial property unlikely to be trigger of next financial crisis

While it is true that losses in real estate markets led to a global crash in 2008, recent concerns about US commercial property may be misplaced. Other shocks, such as the outcome to the game of chicken over the US debt ceiling and the prospect of Trump as president, could prove more damaging.

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Electric & new energy vehicles

BYD profit falls 43.5 per cent amid car-market price war

The carmaker reported that net profit fell to 4.13 billion yuan (US$596.28 million) in the first quarter, down from 7.3 billion yuan in the fourth quarter as potential buyers anticipated bigger price cuts.

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Visitors look at a BYD Frigate 07 SUV during the 44th Bangkok International Motor Show in Bangkok on March 22, 2023. Photo: Xinhua
Electric & new energy vehicles

BYD sales poised to surpass VW in China as budget EV looks like big hit

The Warren Buffett-backed company cut the price of its Seagull model below the level that already attracted 10,000 pre-orders in 24 hours.

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People check out BYD’s Seagull at the Shanghai auto show, in Shanghai on April 19, 2023. Photo: Reuters
Japan

‘It was the worst’: Warren Buffett loves investing in Japan – but hates the food

The billionaire investor swore off Japanese food for life after a disastrous sushi dinner in 1989. Even at 92, he’d much rather be eating McDonald’s, Hershey’s Kisses and Coke.

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Millionaires and billionaires

Move over, Elon Musk: who’s the richest billionaire in 2023?

Elon Musk lost his No 1 spot to LVMH’s Bernard Arnault last year in a record-breaking wealth loss, but who else is on 2023’s list of world’s richest people?

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Warren Buffett
Warren Buffett
Berkshire Hathaway is controlled by Warren Buffett, who is chairman and chief executive of the company which owns a range of companies, including GEICO and NetJets, a substantial stake in Heinz, and has stakes in American Express, Procter & Gamble and IBM. The company is noted for outperforming the stock market under the leadership of Buffett, a value investor.
Born
30 Aug 1930
Industry
Business
Job Title
Businessman
last updated:
7 October, 2024
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