Donald Trump

China sovereign wealth fund CIC plans more US investments


China Investment Corporation (CIC), the country’s sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as well as making more directinvestments in the world’s… Read more »

The headquarter building of China Investment Corporation (CIC) is pictured in Beijing, China, March 1, 2016. REUTERS/Jason Lee
A biological testing process underway at a personal products lab. Photo: Bloomberg
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Photo: Bloomberg
Qualcomm to invest in SoftBank’s $100b tech fund

Qualcomm Inc., the largest maker of mobile phone chips, will invest in a new $100 billion technology fund that Japan’s SoftBank Group Corp. plans to launch this year, the Wall Street Journal reported. It was unclear how much the San Diego-based company would invest, the Journal said, citing unnamed people… Read more »

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India 2017: IT, telecom brace up for disruptions, consolidation

Reliance Jio Infocomm Ltd’s aggressive launch last year should certainly lead to consolidation among telecom companies. Two big disruptive technologies—bots and cloud computing—meanwhile pose an existential dilemma for India’s $150 billion outsourcing industry. 2017 should see a more aggressive push by domestic information technology (IT) firms in monetizing platforms, investments… Read more »

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Political upheavals may herald trouble for mega deals in 2017

As companies brace for the impact of 2016’s political shocks and looming elections next year, global appetite for mega mergers may slow amid the prospect of increased protectionism. The biggest transactions mostly involved buyers and sellers from different countries: Bayer AG’s acquisition of Monsanto Co. in the U.S., China National… Read more »

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The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File Photo
Foxconn says in preliminary discussions to expand US operations

Foxconn, the world’s largest contract electronics manufacturer and a major Apple Inc supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States. “While the scope of the potential investment has not been determined, we will announce the details of any plans following… Read more »

Fred Hu, chairman of Yum China. Photographer: David Paul Morris/Bloomberg
Ex-Goldman rainmaker Fred Hu says Chinese taking pause on US deals

Chinese investors are hitting the pause button on U.S. and other outbound deals as they grapple with the ramifications of a Trump presidency and possible government curbs on overseas acquisitions, according to Fred Hu, a former Greater China chairman for Goldman Sachs Group Inc. The 53-year-old founder and chairman of… Read more »