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.
Category: Foreign Investments
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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.
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What’s Behind All the Stock Market Drama?
Analysts and investors have many explanations, including worries about the health of the U.S. economy and shifts in the value of the Japanese yen.
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China’s Leaders Offer High Hopes, but Few Details for Road to Recovery
Top officials emerged from a high-stakes meeting about lifting the economy out of its malaise with few signs of a fundamental rethink.
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China Is Holding a Major Meeting on the Economy That You Can’t Watch
President Xi Jinping will preside over a conclave to draft a new economic program. The stakes are high, but expectations for big changes are modest.
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Biden Administration Rule Would Increase Authority to Block Foreign Deals
The Committee on Foreign Investment in the United States proposed a rule that would make it harder for foreigners to buy land near military bases.