March 29, 2013 |
WASHINGTON -- President Obama urged Congress to take up his proposals to improve the nation's infrastructure, saying his plan would encourage private investment and put construction workers back to work. Making a quick day trip to the Port of Miami, Obama argued that restoring neglected bridges, roads and other infrastructure could spur economic growth with minimal government spending. “We still have too many ports that aren't equipped for today's world commerce. We've still got too many rail lines that are too slow and clogged up,” Obama said.
October 10, 2012 |
Chinese firms flush with cash have been snapping up U.S. companies at a record pace, and California has become a prime target for this investment. About $1.3 billion of Chinese money flowed into the Golden State from 2000 to 2011, according to a study released Wednesday by Rhodium Group, a New York policy research group. Much of that investment has come in just the last few years, including a record $560 million last year. The deals involved new factories, offices and other facilities as well as mergers and acquisitions of existing companies in industries such as electronics, information technology, biotech, logistics, renewable energy and consumer products.
September 15, 2012 |
NEW DELHI - After months of criticism over policy malaise, the Indian government on Friday announced a series of bold economic reforms allowing significant foreign investment in the retail, aviation and broadcasting sectors. The moves, aimed at invigorating the economy, would allow investment from abroad of up to 51% in supermarkets and chain stores such as Wal-Mart, up to 49% in aviation, up to 71% in broadcasting and up to 49% in parts of the electrical power industry. In addition, New Delhi announced plans to sell its stake in several public service companies dealing in oil, copper and aluminum.
July 2, 2012 |
MEXICO CITY - Mexico's Institutional Revolutionary Party is marching back into the presidential palace bolstered by its control of a raft of state governorships and a good standing in Congress. But its mandate is much shakier than the party had predicted before Sunday's election, reflecting the nagging suspicions with which many Mexicans regard the PRI and complicating President-elect Enrique Peña Nieto's ability to execute an ambitious reform program. He will have to negotiate with rival parties, including a newly empowered left, and will not have the free hand he might have expected as he pursues initiatives such as opening up the massive state oil company, Pemex, to foreign investment.
May 29, 2012 |
BEIJING — Faced with declining profits and a slowing economy, China said it was drafting plans to boost private investment for industries long dominated by the state. Investors could be allowed to enter government-controlled sectors such as electricity, oil and natural gas, the New China News Agency reported Monday, citing an official at the National Development and Reform Commission. Other areas potentially open for investment include healthcare, rail transportation, education and finance.
January 30, 2012 |
Peter O'Malley's bid to buy back the Dodgers is supported by financing from the South Korean conglomerate E-Land, two people familiar with the Dodgers' sale process said Monday. If the O'Malley bid is successful, E-Land Chairman Song Soo Park will become a major investor in the Dodgers, one of the people said. The ownership group also would have investors from Los Angeles. O'Malley has had discussions with Tony Ressler, a minority owner of the Milwaukee Brewers and co-founder of Los Angeles-based Ares Capital, according to a person familiar with the talks.