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...It can also use traditional trade defence measures, such as the antisubsidy investigation it launched last year into Chinese electric vehicles....
...While Temasek invests in local companies, GIC, which manages the government’s foreign reserves, only invests internationally....
...The company, whose operations span construction and retail and through which the conglomerate’s ruling Lee family controls tech giant Samsung Electronics, trades at more than 65 per cent below its net asset...
...market] is a very natural fit,” another member of the task force said, pointing to Hong Kong’s role in promoting Chinese President Xi Jinping’s Belt and Road Initiative, which seeks to strengthen China’s trade...
...Likely US restrictions on foreign joint ventures with Chinese involvement in producing components for the US market will also be to the company’s advantage....
...It also criticised “overstretching the concept of national security and politicising and instrumentalising trade and tech issues”....
...The chief executive of P&O Ferries accepted a six-figure bonus in 2023 just over a year after it sacked hundreds of UK-based crew and replaced them with foreign agency workers paid from just £4.87 an hour...
...UK ministers are regular visitors in search of trade opportunities, including Badenoch herself this month....
...— giving foreign investors a final chance to cash out....
...As evidence that foreign carmakers are realising the advantages, he points to Volkswagen’s $700mn tie-up with Chinese rival Xpeng last year....
...Both Dubai and Abu Dhabi are pursuing ambitious economic plans as the former tries to expand its economy beyond trade and tourism and the latter looks to diversify away from oil....
...It is only the second time that the EU has opened an investigation under a foreign subsidies law that came into force in July last year....
...The trade complaint, broadly, is that China follows a nefarious playbook whereby it has attracted foreign investment, required joint ventures and acquired key technologies, granted massive subsidies for...
...Canada begins a public inquiry into alleged election interference by China, India, Russia and other foreign actors. Economic indicators: New Zealand publishes its December trade data....
...Lord Ian Austin, the prime minister’s trade envoy for Israel, said a ban on arms sales to Israel could end up backfiring on the UK....
...Against that backdrop, some hardy foreign funds have decided it is worth betting on deeply-discounted Korean companies....
...The removal of Nigeria’s years-long currency peg, which was aimed at allowing the naira to trade freely, had driven up operating costs for the company, said Karl Toriola, chief executive of MTN Nigeria....
...It has also diversified in recent years into trading gas, power and other commodities, and trades some $150bn worth of commodities a year. Additional reporting by Sam Jones...
...But the group is one of several Chinese EV makers turning their sights to foreign shores....
...At 11 times forward earnings, they trade at just a fifth of levels seen three years ago. Last year, Li Ning was one of the worst performing stocks on the Hang Seng index....
...Shinsei was the first Japanese bank ever to fall under foreign control and, even now, emotions around it are raw....
...Samsung shares are up a quarter in the past year, and trade at 24 times forward earnings, a near 50 per cent premium to TSMC. Foreign investors had been a big factor in last year’s chip stock frenzy....
...At just 15 times forward earnings, its shares trade at just a fraction of its over 170 times multiple in 2021 and at a steep discount to peers including Tesla....
...Traces of China’s underground chip trade can be found on such brokering sites....
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