The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
(Adds Amazon comments from Warren Buffett and Charlie Munger, background of investment, other Berkshire investments, byline)
May 15 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.
The size of the investment was disclosed in a regulatory filing detailing Berkshire's U.S.-listed stocks as of March 31.
Wednesday's filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler, but does not say who bought and sold what.
Buffett told CNBC this month that the 483,300 share Amazon investment, which would now be worth $904 million, was made by Combs or Weschler, and that he had been "an idiot" for not investing in Amazon himself.
The investment tightens the relationship between Buffett and fellow billionaire Bezos, whose companies teamed up last year with JPMorgan Chase & Co to create a venture, Haven, to reduce their employees' healthcare costs.
Berkshire also invests in JPMorgan, and boosted its holdings in the largest U.S. bank by 19 percent in the first quarter to 59.5 million shares, worth $6.02 billion.
Bezos has also drawn praise from longtime Berkshire Vice Chairman Charlie Munger.
"I don't mind not having caught Amazon early. The guy is kind of a miracle worker," Munger said at Berkshire's annual shareholder meeting on May 4, referring to Bezos. "It's very peculiar. I give myself a pass on that."
Combs and Weschler's initial investments have sometimes heralded major Berkshire commitments directed by Buffett.
These have included Berkshire's $32.1 billion purchase in 2016 of industrial and aircraft parts maker Precision Castparts, and a stake in Apple Inc worth close to $48 billion.
Investors monitor Berkshire's quarterly filings for signs about how where Buffett, Combs and Weschler see value, and stock prices often rise when Berkshire discloses new stakes.
Berkshire also owns more than 90 businesses such as the BNSF railroad and Geico auto insurer.
It often buys stocks when buying whole companies appear too costly. Buffett said on Feb. 23 that prices were "sky-high for businesses possessing decent long-term prospects." The Standard & Poor's 500 has since risen 2.1 percent.
Among other portfolio changes, Berkshire reported adding to its stakes in Delta Air Lines Inc, PNC Financial Services Group Inc and software company Red Hat Inc , and paring stakes in oil refiner Phillips 66, Southwest Airlines Co and Wells Fargo & Co.
(Reporting by Jonathan Stempel in New York Editing by Susan Thomas and Lisa Shumaker)