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Warren Buffett reallocates capital after significant US equity market exit
Warren Buffett's Berkshire Hathaway has shifted its strategy by selling $5.5 billion worth of Bank of America shares and accumulating a $334 billion cash position. The firm has increased its stakes in five Japanese trading houses, reflecting a long-term investment approach, with plans to gradually raise ownership while maintaining a commitment to support their boards.
Bank of Japan maintains rates amid global uncertainty and inflation pressures
The Bank of Japan maintained its short-term policy rate at 0.5% amid rising global economic uncertainty linked to U.S. tariffs. Governor Ueda highlighted domestic inflation pressures from increasing food costs and wage growth, suggesting potential rate hikes could occur if conditions align with forecasts. The BOJ will reassess its economic outlook in April, with many economists anticipating a rate increase in July.
top japanese firms secure roles in seven and i buyout proposal
Japan's leading financial firms are vying for roles in what could be the largest buyout deal in history. Itochu Corp. has engaged Daiwa Securities Group Inc., while the founding Ito family has selected SMBC Nikko Securities Inc. as financial advisers for their ¥9 trillion ($58.4 billion) bid to take Seven & i Holdings Co. private.
couche-tard rules out hostile bid for seven and i holdings takeover
Alain Bouchard, founder and chairman of Alimentation Couche-Tard Inc., has ruled out a hostile takeover of Seven & i Holdings Co. while maintaining his ¥7.3 trillion ($47.3 billion) buyout proposal. This follows a competing ¥9 trillion management buyout offer from the Ito family, backed by banks and Itochu Corp.
seven and i explores management buyout worth 58 billion dollars
Seven & i Holdings Co. is exploring a management buyout to go private, potentially valued at ¥9 trillion ($58 billion), with backing from banks, Itochu Corp., and the founding Ito family. This move may be a strategic response to increased interest from Alimentation Couche-Tard Inc. in acquiring the company.
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