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Donald Trump's tax reform triggered a reduction in global foreign direct investment (FDI) by 19% last year. The volume of investments amounted to $1.2 trillion, the UN Conference on Trade and Development (UNCTAD) reports. FDI reflects the level of globalization and the growth potential of corporate supply chains and trade links. The minimum size of FDI since 2009 in 2018 was caused by the repatriation of $300 billion by US companies to use the tax break from US President Donald Trump. Investment flows to Europe fell by 73%, which has not happened since the 1990s. The repatriation of the profits of American companies will slow down in 2019, due to which growth in FDI is possible in the future. Last year, most of the foreign investment went to the United States, China was second. The states attracted $226 billion of investments, China - $142 billion. The growth of FDI in the UK was 20%, due to which the country received foreign investment of $122 billion.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
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