Renault SA

MNCs in the News-2018-03-09

China National Development and Reform Commission (NDRC) states China will improve noticeably market access and operating conditions for foreign direct investment (FDI) this year. American Chamber of Commerce in South China reports that number one concern of American businesses in China because of the is China's cybersecurity law. European Union (EU) may adopt legislation relating to inward FDI this year as a result of rising security concerns especially where Chinese FDI involved. Beijing's controls on outward Chinese FDI do not dent Fosun acquisition spree in clothing and luxury goods areas. Nissan in talks with Renault to acquire bulk of French state's 15 percent Renault stake. Japanese companies still waiting to see what happens with Great Britain's EU Brexit negotiations before deciding how to react to Brexit. GM Korea to ask Korean government to make its Korean factory sites foreign investment zones so it can get tax concessions. Doublestar reaches agreement with Korea Development Bank on purchase of 45 percent stake in Kumho Tire as union protests continue. Jakarta makes it easier to invest in energy and mineral sector by reducing regulations and licensing burdens. Prudential in talks with Malaysia's second largest pension fund to sell 30 percent stake in Malaysian unit following Malaysian central bank move to reduce foreign investment stakes. Telekom Malaysia signs memorandum of understanding with Huawei to work together on expanding fiber broadband network reach in Malaysia. Vietnam revokes investment license for foreign-owned oil refinery project. Legal expert says that foreign investors are interested in developing infrastructure projects in Vietnam including the North-South highway but hesitate because of legal problems.

MNCs in the News-2017-09-01

China announces it is working on a document to enhance the protection of foreign intellectual property rights (IPR). Likely due to Brexit, Chinese delegations flock to Ireland to explore investment opportunities. Indian government asks Chinese smartphone makers to provide info that allows for investigation of security of Indian user data. United States government probing potential bribes paid by Sinopec’s Swiss unit Addax Petroleum to Nigerian government officials. British luxury carmaker Aston Martin announces Japanese investment deal worth nearly USD $600 million as Brexit looms closer. Nissan and Renault teaming up with Dongfeng to design and introduce new electric vehicles to the Chinese market, following China’s new strict emissions rules. Disrupted parts supply due to sluggish cash flow resulting from backlash against Hyundai for Korea’s deployment of THAAD system halts Hyundai’s China production. Samsung Electronics in talks with China for a USD $7 billion expansion of its Xi’an chip plant. Indonesia to finalize numerous deregulation measures aimed at creating more competitive investment environment. Freeport-McMoRan Inc. reduces its ownership stake in Indonesian Grasberg copper and gold mine to resolve long-running dispute with Indonesia’s central government. Mobike, Ofo, and oBike are striving to win the Thai market and working with the government to build a favorable operating environment. Nazir Razak says foreign investors like Malaysia’s robust economy, but are holding off because of uncertainties linked to upcoming election. Vietnam’s leaders recently concluded state visits to Indonesia, Myanmar, and Thailand resulting in USD $13.45 billion of newly registered investment capital. Hanoi General Export Import JSC and Hong Kong United Investors Holding join together on bid for infrastructure project contracts from the Vietnamese government.