Berkshire Hathaway posts quarterly loss as stock holdings fall

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more

Japan’s JERA to book $751 mln loss related to fire at Freeport LNG in FY22/23

Japan’s JERA to book 1 mln loss related to fire at Freeport LNG in FY22/23

TOKYO, Oct 28 (Reuters) – Japan’s biggest buyer of liquefied natural gas (LNG), JERA, said on Friday it plans to book a 110 billion yen ($751 million) loss related to a fire at U.S. Freeport LNG, mostly due to higher costs as it needed to buy alternative fuel from the spot market. Japan’s biggest power … Read more

Toshiba shares jump on report of possible $19 bln buyout

Toshiba shares jump on report of possible  bln buyout

TOKYO, Oct 13 (Reuters) – Shares in Toshiba Corp (6502.T) on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan … Read more

Bangladesh plunged into darkness by national grid failure

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

London’s Battersea Power Station reborn as office and shopping hub

London’s Battersea Power Station reborn as office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Europe burns cash to help businesses in energy crisis

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilisation triggers oil price jump BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain said it would halve energy … Read more

California urges power cuts as demand heads toward record

California urges power cuts as demand heads toward record

Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease (COVID-19) in Carlsbad, California, U.S., August 17, 2020. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 6 (Reuters) – California’s grid … Read more

Germany keeps two nuclear reactors on standby to weather gas crisis

Germany keeps two nuclear reactors on standby to weather gas crisis

A general view shows the nuclear power plant Isar 2 by the river Isar in Eschenbach near Landshut, Germany, August 17, 2022. REUTERS/Christian Mang/File Photo Register now for FREE unlimited access to Reuters.com Register All nuclear reactors still to go offline at year-end Two reactors to remain in reserve in case of shortages Crises in … Read more

Sweden, Finland step in to avert Lehman-like situation for power companies

Sweden, Finland step in to avert Lehman-like situation for power companies

Swedish Finance Minister Mikael Damberg attends a press conference to propose relief for households affected by high electricity prices, in Rosenbad, Stockholm, Sweden January 12, 2022. Johan Jeppsson /TT News Agency/via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Sweden, Finland offer $33 bln in credit guarantees Soaring power prices led to … Read more

British household energy bills to jump 80% to over $4,000 a year

British household energy bills to jump 80% to over ,000 a year

A gas cooker is seen in Boroughbridge, northern England November 13, 2012. REUTERS/Nigel Roddis Register now for FREE unlimited access to Reuters.com Register Price cap for 24 million households to rise from October Even higher prices expected in January Regulator calls for urgent government intervention ‘This is a national emergency,’ Labour opposition says LONDON, Aug … Read more