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  • The Omaha, Nebraska- based company reported a record full-year profit of $24.08 billion, up 21 percent, while operating profit rose 5 percent to a record $17.36 billion. Operating profit rose 18 percent to $4.67 billion, or $2,843 per share, topping the average analyst forecast of $2,814 according to Thomson Reuters I/B/E/S. But he has critics, and spent about 10...

  • *Echoes recent deadlocked elections in Spain, Portugal. DUBLIN, Feb 27- Ireland's main opposing parties will have to start thinking about forming an unprecedented alliance, analysts said, after exit polls on Saturday suggested voters had rejected the ruling coalition, many opting instead for protest groups and independents. Although under his premiership...

  • In a veiled reference to the division among European Union countries, Schaeuble told the G20 meeting in Shanghai that Greece had not been shown "excessive" solidarity by other states except for Germany. Austria, the last stop on the way to Germany for hundreds of thousands of migrants, recently imposed restrictions on its borders, setting it off a domino effect...

  • Feb 27- Warren Buffett on Saturday launched vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial business practices antithetical to Buffett's own at Berkshire Hathaway Inc. Buffett also devoted more than 1,200 words in his roughly 18,000- word letter to defending Berkshire's Clayton Homes unit, after...

  • NEW YORK, Feb 27- Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off then they are. "During presidential elections where no incumbent is running, both sides who...

  • ZURICH, Feb 27- Switzerland said on Saturday it had agreed on a "road map" for building business, financial and other links with Iran after Swiss President Johann Schneider-Ammann met his counterpart Hassan Rouhani in Tehran. "The aim is to relaunch various dialogues between Switzerland and Iran," Switzerland's department of Economic Affairs, Education and...

  • MOSCOW, Feb 27- Russia's biggest natural gas producer Gazprom said on Saturday it would hold its second gas export auction in mid-March, offering more than 560 million cubic metres of the fuel to Lithuania and Latvia. Gazprom said in November it planned to hold an auction for the Baltic states as its long-term contracts with Lithuania and Estonia were to expire...

  • LONDON, Feb 27- Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the financial crisis. The Group of 20 economies were unable to agree on a joint push for new stimulus measures at a meeting which ended on Saturday,...

  • Feb 27- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives. Net income rose to $5.48 billion, or $3,333 per Class A share, from $4.16 billion, or $2,529 per share, a year earlier. Quarterly operating profit rose 18...

  • Feb 27- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives. Net income rose to $5.48 billion, or $3,333 per Class A share, from $4.16 billion, or $2,529 per share, a year earlier. Quarterly operating profit rose 18...

  • PARIS, Feb 27- Francois Hollande was met with jeers from angry farmers at the start of the annual Paris agricultural show on Saturday, underlining the French president's unpopularity in a week marked by a revolt within his Socialist party over labour reforms. French livestock farmers say thousands of them could go out of business as a Russian embargo on Western...

  • ISTANBUL/ DIYARBAKIR, Turkey, Feb 27- Turkey has begun work to repair a pipeline taking crude oil from northern Iraq to the Mediterranean through its restive southeast and aims to restore flows soon, the Turkish energy ministry said on Saturday. The pipeline, which has been repeatedly sabotaged in recent months, normally carries some 600,000 barrels per day of...

  • SHANGHAI, Feb 27- British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United States. The risk of Britain exiting the EU, dubbed "Brexit", was not in the original draft of the...

  • SHANGHAI, Feb 27- IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert.

  • Separately, Lew called on China to remain communicative regarding its plans and to communicate more in public as opposed to behind closed doors, and that Beijing could carry out its economic transition in an orderly way. He added that he believed China had the necessary policy tools to bolster domestic demand in support of that transition.

  • ISTANBUL, Feb 27- Turkey has begun work to repair a pipeline taking crude oil from northern Iraq to the Mediterranean port of Ceyhan and aims to restore flows in the shortest possible time, the Turkish energy ministry said on Saturday. It said the pipeline was halted on Feb. 17 due to temporary security measures. Kurdistan Workers Party militants carried out a bomb...

  • LONDON, Feb 27- Global regulators may propose rules to prevent "fintech" innovations from destabilising the broader financial system, the G20's Financial Stability Board said on Saturday. FSB Chairman Mark Carney said in a letter to central bankers and finance ministers from the Group of 20 economies meeting in Shanghai that assessing the systemic...

  • TURKISH ENERGY MINISTRY SAYS IRAQI CEYHAN OIL PIPELINE WAS ATTACKED BY MILITANTS IN TURKEY'S IDIL DISTRICT ON FEB. 25.

  • TURKISH ENERGY MINISTRY SAYS AIMS TO RESUME FLOWS ON IRAQI CEYHAN PIPELINE IN SHORTEST POSSIBLE TIME.

  • TURKISH ENERGY MINISTRY SAYS SECURITY FORCES HAVE IDENTIFIED SEVERAL EXPLOSIVE DEVICES SET ALONG IRAQI CEYHAN OIL PIPELINE.