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Warren Buffett’s Berkshire Hathaway is quickly becoming one of the principal beneficiaries from the sharp increase in interest rates in the US, as its fortress-like balance sheet begins to generate hundreds of millions of dollars in income for the sprawling conglomerate.
The interest the company earns on its $109bn cash pile nearly tripled from a year prior to $397mn in the third quarter, it disclosed on Saturday, noting the gain was…
