A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Category: Foreign Investments
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Top Bidder for Citgo Is Elliott Management, Court Master Says
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.
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Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits
The son-in-law of former President Donald J. Trump has said he has intentionally moved slowly to invest investors’ money, which came primarily from foreign entities.
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U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security
David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
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China Fines PwC $62 Million for Botching Its Work for Evergrande
The authorities also imposed a six-month suspension on the local operations of the global firm, which was once one a dominant auditing firm in China.
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U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan
A looming decision in Washington to block Nippon Steel’s merger with U.S. Steel on national security grounds is raising sharp questions in Tokyo.
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Biden Expected to Block U.S. Steel Takeover
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
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Why It’s So Hard for China to Fix Its Ailing Economy
A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.
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Nepal Asks China to Turn a Loan for Pokhara Airport Into a Grant
A new government in Nepal formally asked for relief from a $216 million debt it incurred for construction of an airport in Pokhara that has been beset by problems.