Elliott Said to Build ‘Large’ Stake in Buffett-Favored Sumitomo
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses, according to a person familiar with the matter.
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses, according to a person familiar with the matter.
Poland is planning to cut the maximum electricity tariff that utilities can levy by 19% in order to reduce the costs of state subsidies and help shield households from the full impact of price increases.
Prime Minister Srettha Thavisin named capital markets veteran Pichai Chunhavajira as Thailand’s new finance minister in an appointment that may ease tensions between the premier and the central bank over monetary policy.
The Philippines announced it will halt in-person classes at public schools, while Thai power demand rose to a record, as the heat wave gripping southern Asia continued to take its toll.
The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it — and why they haven’t already done so.
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