Mexico Is Buying a Texas Oil Refinery in a Quest for Energy Independence

President López Obrador wants to halt most oil exports and imports of gasoline and other fuels. Critics say he is reneging on Mexico’s climate change commitments.

#air-pollution, #alternative-and-renewable-energy, #deer-park-tex, #foreign-investments, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #labor-and-jobs, #lopez-obrador-andres-manuel, #mergers-acquisitions-and-divestitures, #mexico, #nationalization-of-industry, #oil-petroleum-and-gasoline, #pemex, #pena-nieto-enrique, #politics-and-government, #production, #refineries, #texas, #united-states

Dorms Pop Up in Spain as More Students Seek Housing Away From Home

The country’s student population has become increasingly mobile, fueling investments in accommodations, largely funded by foreign capital.

#dormitories, #foreign-investments, #international-study-and-teaching, #malaga-spain, #real-estate-commercial, #real-estate-and-housing-residential, #spain

With Property Sales Plunging, China Evergrande Faces More Protests

The developer has tried for months to signal that its $300 billion debt problem was under control. But the challenges keep mounting.

#china, #china-evergrande-group, #credit-and-debt, #demonstrations-protests-and-riots, #foreign-investments, #guangzhou-china, #hainan-island-china, #hong-kong-stock-exchange, #real-estate-commercial

China Evergrande Halts Its Shares in Hong Kong

The world’s most indebted property developer provided no details on the suspension, but it suggested an announcement “containing inside information” would come soon.

#china, #china-evergrande-group, #foreign-investments, #hong-kong-stock-exchange

Battling for Bolivia’s Lithium That’s Vital to Electric Cars

Chinese and Russian industrial giants seek to tap mineral deposits vital to electric cars. A Texas entrepreneur has his own strategy: the long game.

#alternative-and-renewable-energy, #automobiles, #batteries, #bolivia, #egan-teague, #electric-and-hybrid-vehicles, #energyx, #entrepreneurship, #foreign-investments, #international-relations, #lithium-metal, #mines-and-mining

How Inflation Affects Turkey’s Struggling Economy

Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.

#currency, #economic-conditions-and-trends, #erdogan-recep-tayyip, #foreign-investments, #inflation-economics, #interest-rates, #international-trade-and-world-market, #politics-and-government, #recession-and-depression, #turkey, #unemployment

China’s Influence Looms Over Blinken’s Africa Visit

On a stop in Nigeria, the secretary of state said the U.S. would no longer treat African countries as pawns in a global game. But American competition with Beijing was hard to overlook.

#abuja-nigeria, #blinken-antony-j, #defense-and-military-forces, #foreign-investments, #infrastructure-investment-and-jobs-act-2021, #kenya, #nigeria, #politics-and-government, #united-states-defense-and-military-forces, #united-states-international-relations

China Evergrande Troubles Spread Through Property Sector

Global markets just weeks ago were fretting over the possible failure of Evergrande. Now the developer says the worst is over, even as other companies show signs of trouble.

#china, #china-evergrande-group, #credit-and-debt, #foreign-investments, #hna-group-co-ltd, #kaisa-group-holdings-ltd, #labor-and-jobs, #real-estate-and-housing-residential

Trump Allies Are Prominent at Saudi Investment Conference

But the Biden administration sent only a deputy commerce secretary to the high-profile gathering, amid shifts in global politics and diplomatic strains.

#conflicts-of-interest, #foreign-investments, #mnuchin-steven-t, #mohammed-bin-salman-1985, #private-equity, #riyadh-saudi-arabia, #scaramucci-anthony, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #donohoe-paschal-1974, #europe, #federal-budget-us, #federal-taxes-us, #foreign-investments, #group-of-twenty, #house-of-representatives, #income, #income-tax, #internal-revenue-service, #national-assn-of-manufacturers, #organization-for-economic-cooperation-and-development, #patriotic-millionaires, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yellen-janet-l

I.M.F.’s Executive Board Says Kristalina Georgieva Can Remain

An independent inquiry commissioned by the World Bank had concluded that she played a central role in manipulating data to placate China.

#china, #economic-conditions-and-trends, #foreign-investments, #georgieva-kristalina-ivanova, #international-monetary-fund, #politics-and-government, #united-states-politics-and-government

Why Wall Street Backs China Despite Beijing’s Tighter Grip

Beijing is opening its financial system to foreign banks — and they have maintained their traditional openness to the Communist Party’s rule.

#banking-and-financial-institutions, #blackrock-inc, #china, #economic-conditions-and-trends, #foreign-investments, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #stocks-and-bonds, #united-states-international-relations

China Evergrande’s Shares Are Halted as Doubts Swirl

The property giant owes billions of dollars in debt, and investors worry that any collapse could hit broader markets.

#china, #china-evergrande-group, #credit-and-debt, #foreign-investments, #real-estate-and-housing-residential, #stocks-and-bonds, #wall-street-manhattan-ny

Why Evergrande’s Debt Problems Threaten China

The real estate developer Evergrande once binged on debt. Now the music has stopped, investors are panicking and experts are warning of an imminent failure.

#banking-and-financial-institutions, #bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #foreign-investments, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #xu-jiayin

Private Equity Firms All Want the Same Thing: British Companies

Flush with capital, the funds have gone bargain hunting in Britain, snapping up everything from supermarkets to defense companies.

#clayton-dubilierrice, #foreign-investments, #fortress-investment-group, #great-britain, #london-stock-exchange, #mergers-acquisitions-and-divestitures, #morrisons-ltd, #private-equity, #stocks-and-bonds

Huarong Asset Management, China’s Biggest ‘Bad Bank,’ Will Get a Rescue

After months of silence about its future, the corporate giant Huarong Asset Management announced that it would receive financial assistance from a group of state-backed companies.

#china, #china-huarong-asset-management-co, #credit-and-debt, #foreign-investments, #regulation-and-deregulation-of-industry, #stocks-and-bonds

A Pricey Drive Down Montenegro’s Highway ‘From Nowhere to Nowhere’

The Montenegrin leader says that an almost $1 billion Chinese-built highway approved by his predecessor has badly strained the country’s finances.

#belt-and-road-initiative-china, #china, #corruption-institutional, #djukanovic-milo, #economic-conditions-and-trends, #foreign-investments, #infrastructure-public-works, #international-relations, #krivokapic-zdravko, #montenegro, #politics-and-government, #roads-and-traffic

A Foreign Agent in Trump’s Inner Circle?

Even amid a glut of scandals, Tom Barrack’s arrest is a big deal.

#barrack-thomas-j-jr, #foreign-investments, #mohammed-bin-salman-1985, #nahyan-mohamed-bin-zayed-al-1961, #presidential-election-of-2016, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #saudi-arabia, #trump-donald-j, #united-arab-emirates, #united-states-international-relations, #united-states-politics-and-government

Global Tax Overhaul Gains Steam as G20 Backs New Levies

The approach marks a reversal of years of economic policies that embraced low taxes as a way for countries to attract investment and fuel growth.

#corporate-taxes, #corporations, #europe, #european-union, #federal-taxes-us, #foreign-investments, #group-of-twenty, #organization-for-economic-cooperation-and-development, #tax-shelters, #taxation, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #yellen-janet-l

Toshiba In Chaos After Bid to Foil Activist Shareholders

The industrial giant is in chaos after a hedge fund forced it to expose its collusion with high-level officials to thwart shareholder activism.

#effissimo-capital-management-pte-ltd, #foreign-investments, #japan, #meti-ministry-of-economics-trade-and-industry-japan, #politics-and-government, #shareholder-rights-and-activism, #suga-yoshihide, #toshiba-corporation

Amazon Battles Mukesh Ambani for India’s E-Commerce Future

The American company sees big potential in the country’s nascent e-commerce market. Both sides view a troubled grocery store chain as the key to success.

#amazon-com-inc, #ambani-mukesh-d, #antitrust-laws-and-competition-issues, #big-bazaar-future-retail-ltd, #computers-and-the-internet, #e-commerce, #foreign-investments, #future-group, #india, #mergers-acquisitions-and-divestitures, #reliance-industries, #shopping-and-retail, #supermarkets-and-grocery-stores

China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform

Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.

#banking-and-financial-institutions, #china, #china-huarong-asset-management-co, #credit-and-debt, #economic-conditions-and-trends, #foreign-investments, #regulation-and-deregulation-of-industry, #stocks-and-bonds

U.S. Imposes Stiff Sanctions on Russia, Blaming It for Major Hacking Operation

Following years of wrist slaps under President Donald J. Trump, the new measures are designed to have a noticeable impact on the Russian economy.

#biden-joseph-r-jr, #cyberattacks-and-hackers, #embargoes-and-sanctions, #foreign-investments, #oil-petroleum-and-gasoline, #russia, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #sovereign-wealth-funds, #trump-donald-j, #united-states, #united-states-international-relations

U.S. Imposes Stiff Sanctions on Russia, Blaming It for Major Hacking Operation

Following years of wrist slaps under President Donald J. Trump, the new measures are designed to have a noticeable impact on the Russian economy.

#biden-joseph-r-jr, #cyberattacks-and-hackers, #embargoes-and-sanctions, #foreign-investments, #oil-petroleum-and-gasoline, #russia, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #sovereign-wealth-funds, #trump-donald-j, #united-states, #united-states-international-relations

Biden, Yellen and the War on Leprechauns

Bribing corporations with low taxes isn’t the way to create jobs.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #foreign-investments, #tax-cuts-and-jobs-act-2017, #tax-shelters

China’s New Rules Worry Foreign Banks and Companies

New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders.

#banking-and-financial-institutions, #china, #credit-and-debt, #currency, #economic-conditions-and-trends, #foreign-investments, #international-relations, #international-trade-and-world-market, #politics-and-government, #regulation-and-deregulation-of-industry, #renminbi-currency, #stocks-and-bonds, #united-states-international-relations

Why Biden’s China Policy Faces an Obstacle in Germany

The city of Taicang illustrates the tight ties between the countries — and how difficult it could be for President Biden to win allies in his campaign to isolate Beijing.

#china, #economic-conditions-and-trends, #factories-and-manufacturing, #foreign-investments, #germany, #international-trade-and-world-market, #shanghai-china, #swabia-germany

Mexico Set to Reshape Power Sector to Favor the State

Legislation that the Mexican president has pushed would curtail private investors in the energy industry and possibly reverse gains in lowering carbon emissions.

#alternative-and-renewable-energy, #energy-and-power, #foreign-investments, #greenhouse-gas-emissions, #law-and-legislation, #lopez-obrador-andres-manuel, #mexico, #national-action-party-mexico, #politics-and-government

How the Pandemic Left the $25 Billion Hudson Yards Eerily Deserted

The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers.

#amtrak, #facebook-inc, #foreign-investments, #hudson-yards-manhattan-ny, #metropolitan-transportation-authority, #neiman-marcus-group, #real-estate-commercial, #real-estate-and-housing-residential, #related-cos, #ross-stephen-m, #shopping-and-retail, #shopping-centers-and-malls

How Biden’s Climate Ambitions Could Shift America’s Global Footprint

Serious efforts to address global warming might mean big changes for America’s trade, foreign relations and even defense strategy.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #china, #coal, #european-union, #foreign-aid, #foreign-investments, #global-warming, #greenhouse-gas-emissions, #kerry-john, #oil-petroleum-and-gasoline, #united-nations-framework-convention-on-climate-change, #united-states-international-relations, #united-states-politics-and-government

China and E.U. Leaders Strike Investment Deal, but Political Hurdles Await

The agreement, which would roll back restrictions on investment, faces some opposition in Europe and objections from the Biden camp.

#china, #economic-conditions-and-trends, #european-union, #foreign-investments, #international-relations, #international-trade-and-world-market

Harley Davidson to Leave India After Poor Sales

The American icon saw promise in the world’s largest market for two-wheelers. But its bikes sold poorly in a country where incomes are low and manufacturing isn’t easy.

#factories-and-manufacturing, #foreign-investments, #harley-davidson-inc, #india, #international-trade-and-world-market, #luxury-goods-and-services, #motorcycles-motor-bikes-and-motorscooters

U.A.E. Changes Laws to Attract Foreign Tourists and Investment

The United Arab Emirates is abolishing lenient sentences for so-called honor killings, loosening alcohol restrictions and lessening the sway of Islamic law over foreigners.

#abu-dhabi-united-arab-emirates, #adultery, #alcoholic-beverages, #divorce-separations-and-annulments, #dubai-united-arab-emirates, #foreign-investments, #israel, #muslims-and-islam, #sex-crimes, #sexual-harassment, #shariah-islamic-law, #united-arab-emirates, #wills-and-estates, #women-and-girls, #womens-rights

Is Vietnam the Next ‘Asian Miracle’?

The country is making autocratic capitalism work unusually well.

#foreign-investments, #international-trade-and-world-market, #politics-and-government, #vietnam

Protests Spread Across Indonesia Over Jobs Law

The government hopes the measure will draw investment. Labor leaders say that workers’ protections will be slashed, particularly for women.

#demonstrations-protests-and-riots, #foreign-investments, #indonesia, #labor-and-jobs, #organized-labor, #strikes

After Trump’s TikTok Ban, China Readies Blacklist of Foreign Companies

Beijing issued rules that could allow it to halt exports, imports and investments by businesses accused of endangering national security.

#blacklisting, #china, #foreign-investments, #international-trade-and-world-market, #politics-and-government, #tiktok-bytedance, #united-states-international-relations, #wechat-mobile-app

Backlash Grows to TikTok-Oracle Deal

Senate Republicans and others criticized the latest plan to allow TikTok to continue operating in the United States, citing national security concerns.

#beijing-bytedance-technology-co-ltd, #committee-on-foreign-investment-in-the-united-states-cfius, #computers-and-the-internet, #ellison-lawrence-j, #executive-orders-and-memorandums, #foreign-investments, #oracle-corporation, #social-media, #tiktok-bytedance, #trump-donald-j, #united-states-politics-and-government

How TikTok’s Talks With Microsoft Turned Into a Soap Opera

Neither side wanted a big deal. But what began as talks about a small investment ballooned with interventions from President Trump.

#china, #cloud-computing, #committee-on-foreign-investment-in-the-united-states-cfius, #computers-and-the-internet, #executive-orders-and-memorandums, #foreign-investments, #general-atlantic-llc, #mergers-acquisitions-and-divestitures, #microsoft-corp, #mnuchin-steven-t, #mobile-applications, #nadella-satya, #oracle-corporation, #sequoia-capital, #social-media, #suits-and-litigation-civil, #tiktok-bytedance, #trump-donald-j, #united-states-international-relations, #zhang-yiming-1983

Trump Wants U.S. to Get Cut of Any TikTok Deal. No One Knows How That’d Work.

The president has repeatedly called for a big payment to the Treasury Department if a Chinese company sells the app to Microsoft, but there is no provision in the law for that.

#computers-and-the-internet, #foreign-corrupt-practices-act-1977, #foreign-investments, #mergers-acquisitions-and-divestitures, #mobile-applications, #politics-and-government, #social-media, #trump-donald-j, #united-states-economy

Trump Says Microsoft Can Bid for TikTok

The president said he did not object to a potential acquisition of the Chinese-owned app, retreating from comments about banning the service.

#committee-on-foreign-investment-in-the-united-states-cfius, #computers-and-the-internet, #foreign-investments, #mergers-acquisitions-and-divestitures, #microsoft-corp, #mobile-applications, #social-media, #tiktok-bytedance, #united-states-politics-and-government

How TikTok’s Owner Tried, and Failed, to Cross the U.S.-China Divide

The founder of ByteDance, Zhang Yiming, dreamed of building a global tech company based in China. Then the geopolitical reality set in.

#china, #committee-on-foreign-investment-in-the-united-states-cfius, #facebook-inc, #foreign-investments, #mayer-kevin-a, #social-media, #tiktok-bytedance, #zhang-yiming-1983, #zuckerberg-mark-e

Microsoft Said to Be in Talks to Buy TikTok, as Trump Weighs Curtailing App

The discussions come as TikTok’s ownership by a Chinese company is under scrutiny by the White House and lawmakers.

#china, #committee-on-foreign-investment-in-the-united-states-cfius, #computers-and-the-internet, #foreign-investments, #mergers-acquisitions-and-divestitures, #microsoft-corp, #mobile-applications, #musical-ly-inc, #social-media, #tiktok-bytedance, #trump-donald-j

Froth Returns to China’s Stock Market, Echoing the 2015 Crisis

Chinese stocks are surging. Foreign investors have rushed in. University graduates and factory workers are opening up trading accounts. Is disaster on the horizon?

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #foreign-investments, #freedom-of-the-press, #politics-and-government, #regulation-and-deregulation-of-industry, #stocks-and-bonds

The Pandemic Isn’t Bringing Back Factory Jobs, at Least Not Yet

It’s a moment of reckoning for global supply chains. But that doesn’t mean companies are flocking back to the United States.

#china, #coronavirus-2019-ncov, #customs-tariff, #factories-and-manufacturing, #foreign-investments, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #outsourcing, #relocation-of-business, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

White House Warns Against Chinese Investment, Citing Risk of Further Sanctions

Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship.

#china, #coronavirus-2019-ncov, #defense-and-military-forces, #foreign-investments, #pensions-and-retirement-plans, #railroads, #united-states, #united-states-international-relations

China’s National Security Law Wins Business Support

A flood of investment from China has tempered worries that Beijing’s tightening grip on the Asian financial capital would end its status as a lucrative place to do business.

#banking-and-financial-institutions, #china, #civil-rights-and-liberties, #foreign-investments, #hong-kong, #human-rights-and-human-rights-violations, #real-estate-commercial, #relocation-of-business, #stocks-and-bonds

Supreme Court Limits S.E.C.’s Power to Recoup Ill-Gotten Gains

But the justices rejected a request that they rule the agency can never sue for disgorgement of profits obtained by fraud.

#foreign-investments, #securities-and-commodities-violations, #securities-and-exchange-commission, #sotomayor-sonia, #supreme-court-us, #thomas-clarence

Fears for Volvo Expose Sour Turn in Sweden’s Ties With China

When a Chinese manufacturer swept in to save the Swedish car marque, it was warmly welcomed. A decade later, plans for a fuller merger are being debated in a frostier atmosphere.

#automobiles, #china, #defense-and-military-forces, #espionage-and-intelligence-services, #foreign-investments, #li-shufu, #mergers-acquisitions-and-divestitures, #politics-and-government, #sweden, #volvo-car-corp, #zhejiang-geely-holding-group

The Pandemic Will Permanently Change the Auto Industry

Plunging sales could force factories to close and lead to takeovers and mergers, but also bolster sales of electric cars.

#coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #foreign-investments, #fuel-emissions-transportation, #greenhouse-gas-emissions