Australian Treasurer Wayne Swan said he supports Federal Reserve Chairman Ben S. Bernanke’s quantitative easing and Japanese Prime Minister Shinzo Abe’s reflation policy, in contrast to Europe’s hazardous pursuit of austerity as the world economy struggles to shake off the global financial crisis.
China is investigating and watching the progress of a case involving a Sany Group Co. affiliate which U.S. President Barack Obama barred from building a wind farm in Oregon, Chinese Commerce Minister Chen Deming said.
Glencore International Plc, the largest publicly traded commodities supplier, won’t complete its $33 billion takeover of Xstrata Plc two weeks from today as planned as it awaits a ruling from China on the deal.
China’s industrial output grew at the slowest pace in three years and President Hu Jintao said the economy faces “notable downward pressure,” signaling more stimulus may follow approvals for subway and road projects.
Cross-border merger and acquisitions increased to a record portion of all takeovers last year. That’s good news for dealmakers, except at the same time those foreign transactions have spurred tougher scrutiny from regulators and politicians.