MNCs in the News*

March 30th, 2014
Chinese government supports Geely Holdings with $3+ billion loan. The positives and negatives of Chinese investment in Ugandan copper mines. Frustration levels of American firms in China increase. China court accepts first wartime laborer lawsuit. Japanese firm attacked on Chinese consumer protection broadcast. South Korean financial agencies investigate Chinese banks for currency investment activities. Korean anti-trust regulator acts to challenge cooperation among world’s largest container companies. Taiwanese steelmakers face first US anti-dumping investigation in twenty-seven years.
March 16th, 2014
Half of IBM’s striking Shenzhen workers will take severance packages rather than stay. Panasonic to give China worker air pollution hazard premium. Japan government to support insurance and medical companies abroad that target low-income families. Korean Finance Ministry to probe possible illegal activities of Korean banks in Japan. Korean government will partially lift sanctions for certain service sectors doing business with Iran. Singaporean central bank to bolster Yuan related financial services.
March 9th, 2014
Strikes take place at IBMs factory in Shenzhen. Huawei discloses shareholder information. Yasuda participates in Indonesian infrastructure project. South Korea touts opportunities for foreign financial firms. GM voices concern about rising labor costs in South Korea. Korea eases regulations on private equity M & A. Singaporean cooperation with Japanese firm boosts water reclamation
March 9th, 2014
Sinopec opens to foreign investment. South Korean women sue for compensation for forced labor. Chinese laborers and family members file suit for forced labor. South Korean Global Companies CEO Association will represent all types of members.
February 23rd, 2014
Chinese Timber Operations in Gabon. Nissan Leaf EV adoption in Bhutan. South Korea acts to protect data privacy. Singapore Tackles pollution from Palm Oil clearance fires
February 23rd, 2014
Mobile Phone China Alliance, an industry group in China, submitted a report to the National Development and Reform Commission (NDRC) accusing Qualcomm Inc., a major American mobile phone chipmaker that depends heavily on the China smartphone market, of charging excessive patent fees from which it derived excessive licensing revenues. Furthermore, the Alliance alleged Qualcomm, which already is facing an antitrust investigation, was forcing customers to buy bundled services.
February 2nd, 2014
Industrial and Commercial Bank of China (ICBC), the world’s largest bank in terms of assets and market capitalization, recently became the first state-owned Chinese lender to establish significant trading operations in London by investing US$ 765million to buy a majority stake in South Africa’s Standard Bank global market business. This marks a departure as most other Chinese banks in the UK such as Bank of China focus on corporate and retail banking.
February 2nd, 2014
A US Securities and Exchange Commission (SEC) administrative trial judge has barred four American Chinese accounting joint ventures from practicing in the US for 6 months for violating the Sarbanes-Oxley Act. The judge ruled the firms had violated the act by failing to turn over audit working papers requested by the SEC in several fraud investigations. The four firms all said they would appeal, arguing Chinese law does not allow them to release the papers.
February 2nd, 2014
The President of Toray Industries, Inc. (Japan), Sadayuki Sakakibara, will become the next Chairman of Nippon-Keidanren, Japan’s Business Federation. Keidanren is the largest interest group in the financial, economic community in Japan. Since Toray Industries has actively invested in Korea in the past, has promised to invest $287 million by 2018, and has strong ties with Korea, Sakakibara’s new role may have a positive influence on the troubled Japan-Korea relationship.
February 2nd, 2014
Harbin Bank will apply soon for an international public offering on the Hong Kong stock market, the first in what may be a series of “smaller” mainland Chinese banks seeking such a listing. The trend results from two dynamics. The first is the desire of these smaller banks to bolster their capital adequacy ratios. The second is the inability of such banks to list on the Shanghai and Shenzhen exchanges due to domestic regulatory obstacles.

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