automobiles

MNCs in the News-2019-07-26

China’s Vice Minister of Industry and Information Technology said the relocation of foreign companies due to the United States (US)-China trade war is “limited and under control.” China opens financial sector to overseas firms while moving to minimize risks confronting the sector. US Senator Joe Manchin raises alarm about 2017 USD $83.7 billion-dollar investment deal in West Virginia. Malaysia and China agree to resume Belt and Road Initiative (BRI) project East Coast Rail Link (ECRL) following an agreement to cut the project’s cost by about one-third. Major Japanese firms sign on to 30% Club, a global initiative aiming to put more women in top leadership positions globally. US National Security Advisor John Bolton says US does not intend to mediate Japan-South Korea forced labor and trade conflict. South Korean distributors of Japanese goods in South Korea suffering from boycott. Trade conflicts around the global are driving South Korean chaebol to invest in the US to escape the problems associated with these disputes.

MNCs in the News-2019-01-18

China Ministry of Commerce report shows anemic increase in inward foreign direct investment (FDI) flows in 2018 year-over-year (YOY), though strong growth in manufacturing inward FDI (IFDI) in 2018 YOY. Foreign automaker optimism about the China market increases due to the calming of the United States (US)-China trade war. JPMorgan Chase & Co.’s 2019 global M&A outlook report predicts Chinese companies will continue to look for overseas mergers and acquisitions (M&As), partly because of readily-available capital. Paitron Services and the China Overseas Development Association report Chinese outward FDI (OFDI) now riskier because of growing tensions with the US and threats posed by terrorist groups. During a recent visit to Israel, US Deputy Secretary warned Jerusalem bilateral intelligence sharing could be at risk if the latter did not implement tougher screening of Chinese investments. Hitachi Ltd. board decision to suspend plans to build two nuclear reactors in the United Kingdom (UK) flow from financial issues not the political turmoil flowing from Brexit. South Korea will pursue closer ties with United Arab Emirates in the energy sector. Seoul High Court upholds ruling ordering Japanese machinery maker Nachi-Fujikoshi Corp. to pay compensation to Korean forced laborers.