Edition:
India

Warren Buffett

'Bailout' Buffett burnishes 'lender of last resort' image

Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

Shares in Canada's Home Capital surge as Buffett rides to rescue

TORONTO Warren Buffett's Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier.

6:10am IST

'Bailout' Buffett burnishes 'lender of last resort' image

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

6:10am IST

UPDATE 2-Shares in Canada's Home Capital surge as Buffett rides to rescue

* Berkshire Hathaway to take 38 percent stake in Home Capital

2:54am IST

Billionaire Buffett throws lifeline to cash-starved Home Capital

June 22 Warren Buffett has again ridden to the rescue of an embattled company in desperate need of a vote of confidence.

12:26am IST

Home Capital to get C$2 billion loan from Berkshire Hathaway

Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.

22 Jun 2017

Short seller Cohodes keeps Home Capital bet despite Buffett deal

NEW YORK Short seller Marc Cohodes, who has bet against Home Capital Group Inc shares for more than two years, said on Thursday he is keeping his short position on the Canadian lender despite a capital infusion from Warren Buffett's Berkshire Hathaway Inc.

22 Jun 2017

BRIEF-Berkshire Hathaway announces agreement to invest in Home Capital

* Berkshire hathaway announces agreement to invest in home capital

22 Jun 2017

Home Capital to get $300.2 million credit facility from Berkshire Hathaway

Canadian lender Home Capital Group Inc said Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co and indirectly buy C$400 million ($300.2 million) of its common shares in a private placement.

Budget 2017, Business 22 Jun 2017

Warren Buffett to encourage investing in Israel bonds

NEW YORK Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday.

Budget 2017, Business 13 Jun 2017