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Growth snapshots ahead in world awash with cheap money

August 6, 2016 by · Leave a Comment 

By Jonathan Cable LONDON (Reuters) – Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are unleashing ever-looser policy. New Zealand's central bank is also expected to join the easing brigade with a cut on Thursday. Slow growth and virtually non-existent euro zone inflation will also force the European Central Bank to extend and expand…

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Growth snapshots ahead in world awash with cheap money

railroad-unit

Berkshire profit up 25 percent as insurance helps, BNSF weighs

August 6, 2016 by · Leave a Comment 

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units

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Berkshire profit up 25 percent as insurance helps, BNSF weighs