Buffett’s Berkshire Hathaway wins OK to buy 50% Occidental stake

A U.S. energy regulator on Friday gave Berkshire Hathaway Inc (BRKa.N), the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp’s (OXY.N) common stock. Occidental’s share price soared 9.9%, closing up $6.41 at $71.29, after the Federal Energy Regulatory Commission (FERC) said letting Berkshire add to […]

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China’s cyberspace regulator: supportive of domestic firms seeking foreign capital

China’s cyberspace regulator said on Friday that it was supportive of domestic companies seeking foreign capital and that the focus of its review was whether there was the risk of data they held being abused by foreign governments. The Cyberspace Administration of China, speaking at a press conference to discuss the country’s internet development, also […]

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Crypto exchange FTX ordered to halt ‘false and misleading’ claims by U.S. bank regulator

A U.S. bank regulator ordered crypto exchange FTX on Friday to halt what it called “false and misleading” claims the exchange had made about whether funds at the company are insured by the government. The Federal Deposit Insurance Corporation said a July tweet by Brett Harrison, head of FTX’s U.S. operations, contained misleading claims that […]

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