China overtakes US as world’s largest assets acquirer

Dealogic data shows China’s outbound M&A in first nine months is world’s largest for the first time, though value of withdrawn deals also rises

China has overtaken the US in outbound mergers and acquisitions for the first time, underscoring a global buying spree driven by the Chinese economy’s growth over three decades and Beijing’s programme to encourage companies to buy assets and technology from abroad.

In the first nine months of the year the total value of mergers and acquisitions by Chinese companies jumped 68 per cent year on year to US$173.9 billion, according to data by Dealogic.

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The Fed Is Set to Slaughter Debt-Laden U.S. Oil Producers

Of course the preeminent question is whether the Fed will raise interest rates soon. But either way, the U.S. energy sector, already under pressure, is about to feel a whole lot more of it – no matter when the Fed raises rates, or how many times it raises them in 2016.

In fact, no matter how you slice it, a wide swath of American oil and natural gas producers are going to catch it in the neck; bankruptcies, mergers and acquisitions, and of course asset sales (one step ahead of the sheriff) will be the order of the day.

This much chaos and consolidation means one thing: There are big profit opportunities for those who tread carefully… Continue reading

House Intel: Chinese Telecoms Pose National Security Risk

A House Intelligence Committee report released Monday warns U.S. businesses against doing business with Chinese telecom giants Huawei Technologies Ltd. and ZTE Corp, because they pose a national security risk. Continue reading