Buffett further reduces stake in PetroChina
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U.S. investor Warren Buffett's Berkshire Hathaway Inc  continued to shed its stake in top Chinese oil producer PetroChina Inc , selling about 92.66 million shares in late August for US$136 million, according to a regulatory filing in Hong Kong.
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Berkshire Hathaway Inc. (BRKa.N: Quote, Profile, Research) , the wide-ranging conglomerate run by billionaire investor Warren Buffett, said on Friday third-quarter profit fell sharply
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Warren Buffett's Berkshire Hathaway Inc.  was criticized Friday for keeping its investment in PetroChina Co.  amid claims the Chinese oil company's parent invests in Sudan.
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Oil giant BP Plc saw its third-quarter  profits reduced by energy trading losses after its dealers got  on the wrong side of volatile markets.
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Asian stocks dropped on Tuesday as fresh fears over turmoil in the credit markets  weighed on banking shares, though energy companies benefitted from a record price for US crude.
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HONG KONG : China Petroleum Chemical Corp (Sinopec), Asia&#39;s largest refiner, has pulled out of an 18 billion US dollars natural gas project with PetroChina, the South China Morning Press reported.
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Business & money: The government dilutes its stake in the company to fund a nuclear clean-up.
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SINGAPORE: Shares in Chinese stocks listed in Singapore fell yesterday, as the stock exchange moved to limit fallout from the collapse of oil trader China Aviation Oil (Singapore) Corp.
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Shares in Australian insurer AXA Asia Pacific Holdings plummeted more than 10 percent Monday after a proposed buyout by its French-based major shareholder was scrapped.
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment.
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Investors are shunning stocks in favor of mutual funds.
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Warren Buffett makes a $3.5bn profit from the sale of his shares in Chinese oil firm PetroChina.
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NEW YORK -- Billionaire investor Kirk Kerkorian abandoned efforts to buy two of MGM Mirage's Las Vegas casino complexes after the company disclosed plans to build another resort in the city. MGM shares fell $5.90, or 6.8 percent, to $80.60, the biggest drop in 10 months.
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U.S. stocks trimmed gains on Friday  after a senior OPEC delegate said the producer group cannot  rule out cutting oil production if oil prices slide further.
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DAEGU, South Korea  - Billionaire investor Warren Buffett said on Thursday he expected the dollar to weaken further, adding that South Korean stocks offered better value than other world markets.
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U.S. blue-chip stocks retreated on  Wednesday as oil prices vaulted above $43 a barrel while news  that China intended to curb overheated growth in its airline  sector hurt aerospace and defense stocks such as Boeing Co.  BA.N.
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In its effort to cut down on the type of rapid, short-term trades in mutual funds that were at the center of the industry's market-timing scandal, Fidelity Investments has imposed new fees so stringent that major clients such as the Coca-Cola Co. 401(k) retirement plan have stopped investing in Fidelity's funds.