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Overly protectionist and hawkish USA stifles markets

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Overly protectionist and hawkish USA stifles markets

Postby mrswdk on Thu Jan 04, 2018 2:55 am

The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China's Ant Financial, the digital payments arm of Alibaba.

Moneygram chief executive Alex Holmes said he was disappointed by the outcome and noted the "geopolitical environment has changed considerably" in the year since the deal was announced.

In September, the US blocked the $1.3bn sale of US Lattice Semiconductor to Chinese-backed Canyon Bridge Capital Partners, citing concerns over the "potential transfer" of intellectual property from Lattice, which makes advanced computer chips.

Other deals that have been frustrated by US objections include China Oceanwide Holdings Group's $2.7bn purchase of US life insurer Genworth Financial, and Chinese buyout firm Orient Hontai Capital's $1.4bn acquisition of US mobile marketing firm AppLovin.


http://www.bbc.co.uk/news/business-42549537
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Re: Overly protectionist and hawkish USA stifles markets

Postby Bernie Sanders on Thu Jan 04, 2018 7:11 am

Fukn Trump!
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