US-China haggling over how to enforce currency pact

Washington The US and China haven’t yet agreed on the critical issue of enforcement in a proposed currency deal that would ensure Beijing lives up to its promise to not depreciate the yuan, four people familiar with the matter said. Treasury Secretary Steven Mnuchin on Friday touted the currency pact as the strongest ever, though […]

Buffett’s firm reports $25B Q4 loss on paper stock losses

OMAHA, Nebraska Warren Buffett’s company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments. Buffett said on Saturday that Berkshire Hathaway’s businesses are performing well overall, but it has to record the market value of its stock holdings at the […]