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Nigerians vote for new president, braving long delays in hope of bringing change

By Hamza Ibrahim KANO, Nigeria (Reuters) -Officials counted votes in Nigeria’s elections on Saturday, with people hoping for a reset after years of worsening violence and hardship under outgoing President Muhammadu Buhari, undeterred by delays at some polling stations. The electoral commission said the official results could be expected from late on Sunday. By the …

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Buffett’s Berkshire has record annual operating profit despite inflation, rate pressures

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter, after the conglomerate’s dozens of businesses generated …

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Taiwan says ‘Fab 4’ chip group held first senior officials meeting

TAIPEI (Reuters) – The U.S.-led “Fab 4” semiconductor alliance of Taiwan, the United States, Japan and South Korea held its first video meeting of senior officials last week focused on supply chain resilience, Taiwan’s Foreign Ministry said on Saturday. The United States last September convened the first meeting of the working group, colloquially called “Fab …

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Argentina in talks with IMF to ease reserves targets amid drought

By Jorgelina do Rosario and Jorge Otaola LONDON/BUENOS AIRES (Reuters) – Argentina’s government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country’s $44 billion program, two sources close to the matter told Reuters. The move comes as the South American commodities exporter is facing …

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