Warren Buffett closed out Berkshire Hathaway Inc’s. position in Taiwan Semiconductor Manufacturing Co., concluding an abrupt withdrawal from the chip-maker that the billionaire blamed on rising tensions in the region.
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American International Group Inc. said it will sell virtually its entire reinsurance business to RenaissanceRe Holdings Ltd. in a deal worth roughly $3 billion as Chief Executive Officer Peter Zaffino continues his effort to streamline the New York-based firm.
Bank of Nova Scotia missed analysts’ estimates as the lender failed to capitalize on rising interest rates and took a bigger provision for potentially souring loans than expected.
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Californians looking to buy a house face some of the country’s most expensive real estate prices and wildfires that threaten scores of housing tracts. Now there’s another obstacle: finding an insurer willing to cover their dream home.
Californians looking to buy a house face some of the country’s most expensive real estate prices and wildfires that threaten scores of housing tracts. Now there’s another obstacle: finding an insurer willing to cover their dream home.