 | | | | The share price of Warren Buffett's Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation. | | | | | | Investors sold tech and big growth names ahead of this week's Federal Reserve meeting. | | | | | | Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. | | | | | | The European Union agreed on Monday new rules to limit access to its 2 trillion euros ($2.2 trillion) worth of public tenders in a move designed to pressure countries such as China to open up their markets. | | | | | | Britain's Financial Conduct Authority (FCA) and the Bank of England are talking to the London Metal Exchange about the resumption of a fair and orderly market in nickel, the FCA said on Monday. | | | | | | Russia's finance ministry is preparing to service some of its foreign currency debt on Wednesday, but such payments will be made in roubles if sanctions prevent banks from honouring debts in the currency of issue, the ministry said on Monday. | | | | | | A key money market indicator is now pricing U.S. interest rates peaking at a higher level than previously forecast, as traders bet that the Federal Reserve will prioritise stamping out inflation over fretting about risks to economic growth. | | | | | | Sarah Bloom Raskin's nomination to become the top bank regulator at the Federal Reserve, already stalled by Republicans, was dealt a heavy blow on Monday after she lost the backing of a key senator from President Joe Biden's party. | | | | | | Brazil's federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the current election year, three people familiar with the plan told Reuters. | | | | | | Lyft Inc on Monday joined Uber Inc to levy fuel surcharge on rides from customers in an attempt to cushion the impact on drivers' pockets from higher fuel costs. | | | | | |
