News

Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Stress test looms for Buffett's Obama support

Sage of Omaha says Wells Fargo is strong, but Treasury may demand more capital

The Oracle of Omaha loses his visionary powers – and feels the heat

A defensive performance in front of shareholders shows even Warren Buffett is not immune to the credit crunch

Trott on the march: is he Buffett's chosen successor?

Banker's exit from Goldmans fuels speculation about Berkshire's future

Buffett admits Berkshire battered but stays bullish

Warren Buffett has told shareholders in Berkshire Hathaway, the holding company of his insurance and asset management firm, that the group has turned in its worst-ever results, adding that investors are "bloodied and confused".

US 'medicine will have unwelcome after-effects' says Buffett

Warren Buffett, the long-celebrated oracle of stock market investing, predicted yesterday that the US economy will remain in a "shambles throughout 2009" and "probably well beyond".

Europe's insurers count the cost of the credit crunch

Swiss Re and Axa book billions of writedowns on investments

Warren Buffet: The secret of the billionaire's success

Stocks plunge, banks implode, currencies teeter...Amid the wreckage of the world financial system, only one man stands tall. So what's Warren Buffett's secret? Sally Ann Lasson finds the answer in his incredible life story

Credit crisis diary: Blue ski thinking

Three cheers for the Pollyannas at Jet Republic, who either haven't realised the world is in economic turmoil or simply don't care. The private jet company – hardly the most recession-proof of sectors – has launched a Ski Card that promises to give clients "easy, hassle-free access to Europe's finest ski resorts". The only problem is their glittering new deal targets a dwindling bunch: those in the City set to pick up bonuses this year. Oops... As the joke runs, for many bankers keeping their job will be their only bonus this year.

Warren Buffett invests $3bn in GE

The giant American conglomerate General Electric is selling $3bn (£1.7bn) of preferred shares to Warren Buffett's investment group Berkshire Hathaway, with another $12bn in common shares going to the public.

Buffett injects $10bn into Goldman Sachs

Warren Buffett, the billionaire investor who foresaw the credit crisis, is investing up to $10bn in the US banking giant Goldman Sachs, in what is interpreted as a powerful signal that he sees long-term value in some battered financial companies.

Market Report: Buffett and Halleys linked to M&S stakebuilding

Speculators focused on Marks & Spencer, the high street retailer which touched an intra-day high of 294.5p, up more than 5 per cent, or 14.5p.

Buffett lunch costs $2.1m, but wisdom is what the fund wants

Zhao Danyang, an investment fund manager from Hong Kong, hopes he will get more than heartburn when he finishes having lunch with Warren Buffett at the famous Smith & Wollensky steakhouse in Manhattan shortly. As well as a very large bill he will need to leave with some newly gained wisdom.

Chinese fund manager wins Warren Buffett lunch

A Chinese fund manager has won a lunch with famed US investor Warren Buffett after bidding $2.11m (£1m) for the opportunity in a charity auction, more than three times what the lunch fetched last year.

Ping An drops out of bidding for RBS's insurance business

Ping An, the Chinese insurer, dropped out of the running to buy Royal Bank of Scotland's insurance business yesterday, leaving five potential buyers for the parent of Direct Line, Churchill and Privilege.

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