Sunday, July 5, 2015   

Corporate deals boost China investment in US to US$14b
(01-08 13:42)

China's investment in the United States doubled to US$14 billion last year despite sometimes rocky political ties. Private firms led the way, a study found.
About half of the value consisted of Shuanghui International's takeover of prominent pork producer Smithfield Foods, a US$7.1 billion deal that marked the largest Chinese acquisition of a US company.
But the report by the Rhodium Group, a New York-based firm, found that the total number of deals had also risen from 2012 to 82. It said that Chinese companies accounted for 70,000 full-time jobs in the United States.
The total value of investment hit a record high of US$14 billion, with high-profile deals in real estate as well as Chinese investors took stakes in the General Motors Building and Chase Manhattan Plaza in New York.
Private firms and entrepreneurs dominated, accounting for 87 percent of transactions and 76 percent of the total value of Chinese investment, a contrast to the dominance of state firms until recently, the study said.—AFP

   
Other Business breaking news:
Insurer Aetna to buy Humana in US$35b deal (07-03 22:32)
(Greece crisis) PM Tsipras demands 30pc debt haircut (07-03 22:19)
(Greece crisis) Biggest creditor keeps options open while declaring Athens in default (07-03 21:01)
(Greece crisis) Europe warns against rejecting bailout plan (07-03 19:19)
China sovereign wealth fund overseas returns fall, but assets swell by US$93b (07-03 19:14)
European benchmarks drop (07-03 17:18)
China stock losses mount, regional markets retreat (07-03 16:11)
(Greece crisis) Support gathers for yes vote at referendum (07-03 14:59)
Hang Seng lower, Nikkei recovers (07-03 14:16)
US hedge fund continues tussle over Samsung merger (07-03 14:00)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.