Warren Buffett's company has sold a further stake in BYD China.

Warren Buffett's Berkshire Hathaway has increased its shareholding in Chinese electric vehicle manufacturer BYD. A filing with the Hong Kong stock exchange revealed that Berkshire reduced its stake in BYD to 5.99% on 19 June 2024, down from its previous holding of 7.02%. Once the shareholding falls below 5%, Berkshire will no longer be required to make disclosures regarding the sale of BYD shares. In 2008, Berkshire Hathaway made its initial investment in BYD, acquiring a 10% stake for a total investment of $230 million. The company commenced disclosing its sales in 2022, following a notable increase in BYD's share price. Since that time, BYD's share price has fallen by approximately 28%. Charlie Munger, the late vice chairman of Berkshire, played a pivotal role in the BYD investment, with Buffett himself acknowledging this. Berkshire's primary investment focus is on the United States.

https://internasional.kontan.co.id/news/perusahaan-warren-buffett-jual-lebih-banyak-saham-byd-china

The Adani Group has announced an increase in capital expenditure to Rp 255 trillion.

The Adani Group has announced plans to increase its capital expenditure in fiscal year 2025 to 1.3 trillion rupees, up from the previous year's 700 billion rupees. The additional capital expenditure will be directed to Adani Green Energy, with the aim of adding 6 gigawatts of capacity through an investment of 340 billion rupees. In addition to its renewable energy operations, the Adani Group has a presence in the port, power utility, transmission, and coal trading sectors, with plans for significant infrastructure investments. Gautam Adani, the owner of the conglomerate, believes that investors are well-positioned to capitalise on opportunities in the growing infrastructure sector. The Adani Group is expected to achieve a combined annual growth rate of 20% to 25%. At a recent meeting, the Chief Financial Officer, Jugeshinder Singh, refuted the rumour that Adani was in talks to acquire Paytm.

https://internasional.kontan.co.id/news/adani-group-menaikkan-belanja-modal-jadi-rp-255-triliun

Bank of Japan's Policy to be More Aggressive.

The Bank of Japan (BOJ) may implement a larger quantitative tightening plan in July, which could surprise the market. This tapering measure could be accompanied by an interest rate hike, given the pressure the central bank is facing due to the weakening yen. The decline of the yen is expected to result in inflation exceeding the 2% target, which will lead to increased import costs. Bloomberg sources have stated that the current interest rates are insufficient given the prevailing inflation situation. Furthermore, officials at the BOJ are discussing the necessity of a rate hike, with Governor Kazuo Ueda suggesting that it cannot be ruled out. The BOJ's decision to raise interest rates at the 30-31 July meeting would have a significant impact on the market, given the substantial reduction in bond purchases planned.

https://internasional.kontan.co.id/news/kebijakan-bank-of-japan-bakal-lebih-agresif