Sections SEARCH Skip to content Skip to site index Africa Subscribe Log In Log In Today’s Paper Africa | Competing Against Chinese Loans, U.S. Companies Face Long Odds Supported by ByEdward Wong Jan. 13, 2019 KAMPALA, Uganda — Growing up in suburban Ohio, Rajakumari Jandhyala never imagined she would end up in the oil business, much less on the front line of America’s global competition with China. She spent two decades as a policy adviser on Africa, most recently as an aid official in the Obama administration. But in 2016, she heard about a call for proposals to build an oil refinery in Uganda that could be the largest in East Africa, and she put together a bid. She landed an investor in Kenya. She recruited oil and gas executives from General Electric. An Italian contractor joined the group of companies that formed a consortium, too. The main problem was the big advantages enjoyed by the … [Read more...] about Competing Against Chinese Loans, U.S. Companies Face Long Odds
U s borrowing money from china
By Ritvik Carvalho LONDON (Reuters) - World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.European shares opened in negative territory, following in the footsteps of U.S. and Asian markets. The pan-European STOXX 600 fell over half a percent, continuing its slide towards lows not seen since the end of 2016. [.EU]Most European bourses and industry indexes were in the red after the S&P 500 fell overnight, heading for its worst quarter since the dark days of the financial crisis in late 2008, with a loss of 15 percent so far. The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market. Oil prices, which slid just over 4 percent on Thursday, were reclaiming some ground. The dollar, which had suffered its biggest one-day drop on the yen since November 2017 on Thursday, lost a further 0.1 percent … [Read more...] about Growth fears and U.S. government shutdown threat slam stocks
“EB-5 is actually a brutally risky investment,” said Xiaoyu “Hugh” Hou, a newly minted American, thanks to the immigrant investment program. “Right now, if my friend said, ‘I want to be in America, what can I do?' I would say, ‘I'll introduce you to (an American) girl, and you should get married.' ” Sound The gallery will resume inseconds A roofing worker does some measuring at the Meridian, a project of the New Home Co. that is being built at Fashion Island with the help of $42 million from foreign investors under the EB-5 visa program. Xiaoyu “Hugh” Hou, 32, of Santa Monica prepared a detailed prospectus justifying his EB-5 investment for his mother back in Guangzhou, China. His mother, a banker and investor, agreed to the project. He invested in a San Bernardino development project in 2010. The investment earned between $3,000 to $5,000 a year, or about 1 percent. About a month ago, he got a check … [Read more...] about Dollars for green cards: EB-5 program grants visas, even citizenship, to foreigners who invest in U.S.
By Mark Edward Nero | [email protected] | PUBLISHED: September 7, 2018 at 6:11 pm | UPDATED: September 7, 2018 at 6:12 pm Despite the Trump Administration imposing tariffs this summer on certain imported goods, the gap between what America sells to China and what it buys from it rose to a record-setting level in July, according to newly released statistics from the U.S. Commerce Department. The goods deficit with China rose 10 percent in July to a record $36.8 billion, the federal data show. Overall, the U.S. trade deficit, as that gap is called, rose from $45.7 billion in June to $50.1 billion the next month – contributing to a 7 percent increase from January to July. Meanwhile, exports slipped 1 percent, to $211.1 billion, according to statistics, while imports rose 0.9 percent, to a record $261.2 billion, largely because of increased purchases of trucks and computers. The numbers released by the Commerce Department comes as a trade war continues to brew. Over the past two … [Read more...] about U.S. trade gap with China sets record despite tariffs, Port of Long Beach sees decrease in overall trade volume
DES MOINES, Iowa - Many farmers remain critical of President Donald Trump's tariffs and the damage done to commodity prices and markets but were appreciative Tuesday that he offered to provide some cash to help offset their losses. The U.S. Department of Agriculture announced a $12 billion three-part plan that would borrow money from the U.S. Treasury to pay producers of soybeans, sorghum, corn, wheat, cotton, dairy, and hogs. The USDA also will buy the surplus of commodities that would otherwise have been exported and distribute them to food banks and other nutrition programs. That will cover fruits, nuts, rice, legumes, beef, pork and milk. The third prong of the plan is to help farm groups develop new export markets. "This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire U.S. economy," said Secretary of Agriculture Sonny Perdue. The money comes from the Commodity Credit Corporation, a USDA agency founded in … [Read more...] about U.S. farmers: We need markets not cash handouts