Companies based outside the U.S. such as HSBC Holdings Plc and SAP AG are lobbying Congress on an overhaul of the U.S. tax code with a different set of priorities than those of their U.S.-based counterparts.
Lenovo Group Ltd. and International Business Machines Corp. have sought more time for a U.S. national-security review of Lenovo’s planned purchase of IBM’s low-end server unit, according to a person familiar with the matter.
BP Plc , which gave Russia’s state- controlled OAO Rosneft a 5 percent stake, may not have to face a U.S. review that lawmakers are demanding, according to the head of a group representing U.S. subsidiaries of overseas companies.
State leaders are ignoring the anti- China rhetoric from the U.S. Congress and presidential candidates as they pursue investments by companies in the world’s second-largest economy at a pace that may accelerate.
Foreign-based multinational corporations won a victory in the U.S. Congress as senators agreed to drop a provision targeting some cross-border transactions from legislation that could pass before year’s end.