Jefferies said Berkshire's holdings in the five Japanese trading companies could go even beyond 10% in the future.
Warren Buffett's Berkshire Hathaway once again increased its stakes in five Japanese trading houses, and Jefferies said watch out for more such buying from the "Oracle of Omaha." The Omaha-based conglomerate on Monday said its wholly-owned subsidiary National Indemnity Company had hiked its bets in Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo to more than 8.5%.
The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Like Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates that are involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking. Berkshire said it intends the Japanese investments as long-term positions, but Buffett pledged that he will will only purchase a maximum of 9.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firmsBerkshire Hathaway's stake in each of the trading firms now averages more than 8.5%.
Consulte Mais informação »
Buffett's Berkshire Hathaway boosts bet on 5 Japanese trading housesWarren Buffett presses ahead with his big bet on Japan, upping his stakes in 5 trading houses
Consulte Mais informação »
Shooting near Nuggets arena after championship win injures 10, including suspectMere hours after the Denver Nuggets won their first NBA championship on Monday night, 10 people were injured in a shooting that took place about one mile from Ball Arena in downtown Denver.
Consulte Mais informação »
Officer-involved shooting on I-10 in Baker Co.The Baker County Sheriff's Office says there's been an officer-involved shooting on I-10 near County Road 125. The road will be closed for a significant amount of time.
Consulte Mais informação »
Is the cryptocurrency market about to break its 10-week losing streak?Can the crypto market avoid a dive below $1 trillion market cap? noshitcoins investigates.
Consulte Mais informação »