Foreign Direct Investment News
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U.S. billionaire Wilbur Ross said he will consider investing in Spanish banks amid signs the country is following Ireland in starting “to come to grips” with its financial crisis.
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Tunisia’s Ansar al-Sharia, which clashed with police today after its spokesman was arrested, is an illegal organization with terrorist ties and must comply with the law or cease to exist, the country’s prime minister said.
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Indian Prime Minister Manmohan Singh’s latest skirmish with corruption risks setting back efforts to spur growth, worsening a legislative logjam under a government set to pass the fewest bills ever in a full term.
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China said it will encourage foreign investment in vehicle manufacturing in its western region, reversing a policy to remove automaking from a list of industries qualifying for government incentives.
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Chinese stocks fell for the first time in three days in New York, led by NQ Mobile Inc. and NetEase Inc., on concern slowing foreign investment will delay a rebound in the world’s second-largest economy.
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Emerging-market technology stocks rose on better-than-estimated earnings at Tencent Holdings Ltd. Russian and Brazilian shares fell led by commodity producers.
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U.S. stocks fell, pulling benchmark indexes down from records, and the Dollar Index reversed losses as Federal Reserve officials discussed scaling back stimulus efforts. Gold futures extended the longest slump since 2011.
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Ibovespa futures dropped as lower metal prices dimmed the outlook for raw-material exports amid concern growth is slowing in China, Brazil’s top trading partner.
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The following is the text of Canada’s international transactions report for March released by Statistics Canada.
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Japan’s economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake and tsunami.
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