By Duncan Miriri and Joe Bavier THIKA, Kenya (Reuters) – Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels in the thought some might soon go to the crown jewel of emerging consumer markets: China. Taking advantage of Beijing’s deeper focus on trade […]
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Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp, giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $44 million, Berkshire said in a regulatory filing. The share purchases come […]
U.S. FDA classifies recall of GE’s ventilator batteries as most serious
(Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement backup batteries, were recalled as they were […]
Exclusive-PetroChina may sell Australian, Canadian assets to stem losses – sources
By Chen Aizhu SINGAPORE (Reuters) – PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina’s plan follows a similar strategic shift by […]
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