U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
"If Europe's got them at zero, and you get higher rates in the United States, that would exacerbate a problem with the stronger dollar and funds flow," the Oracle of Omaha said on Wednesday.
Read More Warren Buffett: Know when to hold 'em
Speculation on when the Fed would hike rates took center stage last Wednesday when the central bank said it would remain "patient" on raising rates.
The U.S dollar has been climbing since mid-December and reached multiyear highs after the European Central Bank unveiled its nearly $70 billion monthly quantitative easing plan Jan. 22. The foreign exchange market was also rocked by the Swiss National Bank's decision to abandon its 3-year-old euro cap on the franc.
This has led to the dollar hitting multiyear highs, thus squeezing overseas profits from U.S. companies.
Buffett told Fox Business that he is unaware of any significant hit his company, Berkshire Hathaway, has taken because of the rising dollar.
"We have so many different operations that I can't tell whether the dollar going up or not is good or bad for us," he said. "We have a lot of loss reserves for our insurance that are in other currencies, so when the dollar gets stronger, those reserves become lower in terms of liability."