As Trump amps up trade war, China plays nice with foreign investors
BEIJING (July 12): Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a champion of openness.
While there is widespread attention to the declining U.S. leadership in NATO and Russia, the U.S. failure to put its diplomatic muscle behind a strong human rights agenda in places like Myanmar may be the more devastating consequence of the president’s America First approach to global engagement.
KUALA LUMPUR: Part of the fat salary that Sapura Energy Bhd president and chief executive officer (CEO) Tan Sri Shahril Shamsuddin draws hinges on a share covenant that he has with financial institutions, when the oil and gas group refinanced its whopping RM14 billion in borrowings.
Shahril confirmed the existence of this covenant, and it being the reason for his high remuneration package when contacted by The Edge Financial Daily.
In today’s market, it’s hard to make sense of what’s what. Deals have grown incestuous for the first time, with outfits like GV investing alongside Uber last week — just months after its parent company, Alphabet, was at Uber’s throat. A $10 million-plus round of seed funding is no longer a joke. Venture firms continue […]