Basic Materials


Berkshire boosts liability estimate on AIG reinsurance contract

Feb 24 Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc.

12:47am IST

Buffett says Berkshire can handle $400 billion mega-catastrophe

Feb 24 A giant hurricane, earthquake or other conflagration inflicting unprecedented, catastrophic damage is likely at some point to strike the United States.

24 Feb 2018

China exports barely any fuel to North Korea in Jan - customs

BEIJING, Feb 24 China exported barely any fuel to North Korea in January, data showed on Saturday, deepening months-long cuts in trade with its isolated neighbour amid growing tensions over Pyongyang's nuclear and missile programme.

24 Feb 2018

UPDATE 3-U.S. to discuss trade disputes with China economic official next week

WASHINGTON, Feb 23 Senior U.S. officials will discuss trade disputes next week with a top Chinese economic official when he visits Washington, a senior U.S. official said on Friday as President Donald Trump considers new tariffs on steel imports.

24 Feb 2018

CORRECTED-Japan's Ube Industries says failed to properly inspect products

* Japan's Ube Industries Ltd says it had discovered improprieties in quality checks for certain products made at its Chiba petrochemical plant

24 Feb 2018
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Mehul Choksi claims innocence in PNB fraud with open letter

MUMBAI Mehul Choksi, one of two businessmen allegedly involved in perpetrating India's biggest ever banking fraud, broke his silence at the weekend with an open letter to employees claiming his innocence and telling them to look for other jobs.