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...Chris Deluzio, a Democratic congressman from western Pennsylvania, also said the report added to the national security risks in the proposed sale of US Steel to a foreign buyer....
...The bill labels Shanghai-based WuXi AppTec “a biotechnology company of concern”, which is described as any entity posing a risk to the US by engaging in joint research with a foreign adversary’s military...
...But they also show a shift in tactics from Brussels to pursue foreign companies deemed potential security risks by targeting the trade practices they use to gain a foothold in the EU market....
...Elliott Investment Management has invested $1bn in Phillips 66 and is seeking two seats on its board in a bid to remedy the energy company’s “underperformance”....
...The US oil refiner Phillips 66 has become the latest target of Elliott Management after the activist investor took a $1bn stake and called for new blood on the company’s board to remedy “underperformance...
...Other earnings: Payments group Mastercard, chipmaker Qualcomm and petrol refiner Phillips 66 will also report their latest quarterly earnings....
...Glen Point Capital stopped trading in February last year, according to company filings....
...We truly have a market system that has been captured by large corporations, something that I experience nearly every day in my own working life....
...There were other changes too, including alterations to the way foreign income is recognised. The company also receives a US R&D tax credit....
...The majority of shareholders at oil producer ConocoPhillips and refiner Phillips 66 also backed similar Follow This resolutions in 2021....
...According to people briefed on the case, officials probed the bureau’s accounting practices and whether it complied with a 26 per cent cap on foreign ownership of media companies imposed by the government...
...Only in the 1950s did it embark on its policy of low corporation tax, luring many foreign companies, from which it benefits so much today....
...Chinese anti-corruption authorities are investigating a senior executive at one of the country’s top military equipment suppliers, China Electronics Technology Group Corporation, in a new sign of turmoil...
...BHP’s offer comes up against a legacy that began in 1917, when Ernest Oppenheimer, a German-born diamond trader, raised £1mn to found the Anglo-American Corporation to mine gold around Johannesburg....
...The shares closed up more than 5 per cent to $3.66 on Thursday, still more than 60 per cent down this year....
...“If we don’t put a stop to this we will continue to see other poorly valued UK companies taken over by their more richly valued foreign competitors....
...Investors in Novonix include Korean battery maker LG Energy Solutions and Phillips 66, the US oil refining group that provides a critical source of non-Chinese coke needed to make graphite from the UK’s...
...Last July, foreign minister Annalena Baerbock called on German companies to reduce their dependence on China....
...The US International Development Finance Corporation (DFC) has invested $105mn into TechMet, a $1bn critical minerals fund, which has pledged $50mn of equity for Rainbow Rare Earths, the company behind the...
...In a remarkable turnaround, these hubs are preparing to tax multinationals at a 15 per cent rate. Some companies’ filings have already warned about the potential impact....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...MTN Nigeria’s tower leases are indexed to the dollar, leading to an estimated 45-50 per cent foreign currency exposure in operating expenses, the company added....
...Index funds minimise their expenses by simply investing in all the companies in a certain market sector without carefully scrutinising individual companies, a strategy that fails to consider the “unique...
...“Allowing one of our nation’s largest steel manufacturers to be purchased by a foreign-owned corporation leaves us vulnerable when it comes to meeting both our defence and critical infrastructure needs,”...
...US company Phillips 66 and Danish wind developer Ørsted decided in the summer to “pause” their “Gigastack” project, which would involve making hydrogen from water with power generated by wind farms in the...
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