Berkshire Hathaway

Temasek

Few fund managers have been spared the ignominy of writing occasionally apologetic letters to investors. Temasek, Singapore’s investment agency, has an enviable track record and, with the government its sole shareholder, has rarely had to face tough public questioning. Not any more.

Buy American. I Am.

THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

What did I say then?

Tokyo shares reach a five-year high | FT

Tokyo shares hit a five-year high in midday trade on Monday, buoyed by strong gains in the retail sector following news of a planned takeover. The benchmark Nikkei 225 average was up 0.8 per cent to 16,062.67, while the broader Topix index was 0.7 per cent higher at 1,648.59.

Shares of Seven & I Holdings were untraded with a glut of orders, after the world's largest convenience store operator said it would buy a 65 per cent stake in Millennium Retailing, which runs the Seibu and Sogo department stores, for Y131.1bn. Seven & I will buy the 65 per cent stake in Millennium from Nomura Principal Finance, a private equity fund, on January 21......Buying control of Millennium would make Seven & I Holdings Japan's largest retailer by sales, surpassing industry leader Aeon.......

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