StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

China Builds Financial Ties to Neighbors - Coursework Example

Cite this document
Summary
This coursework "China Builds Financial Ties to Neighbors" discusses China that is taking concrete steps to build its economic ties with the neighboring countries enfeebling the ties of Asian states with that of the United States of America. China is competing for more trade and economic deals…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
China Builds Financial Ties to Neighbors
Read Text Preview

Extract of sample "China Builds Financial Ties to Neighbors"

Chinese security regulators also allowed traders of Shanghai and Hong Kong to trade on each other’s markets. In terms of ex-Chief economist of the World trade organization, these Chinese acts are to show Chinese leadership of the region, and it also depicts Chinese political ambitions. China has also made a deal with the United States in order to remove tariffs on a variety of Information technology products. Both countries will also attempt to make other countries pursue the same strategy under the World Trade Organization (Bradsher & Stevenson, 2014).

2) Warren Buffett to Buy Duracell in $4.7 Billion Stock Deal

Warren E. Buffett’s ‘Berkshire Hathaway’ is decided to buy ‘Duracell’ from Procter & Gamble, valued at $4.7 billion by swapping his holding in P&G with the re-known battery company. The deal is named ‘cash-rich-split-off’. Through this deal, Warren E. Buffett found a way to buy a well-known brand without much tax bill. Internal Revenue service allowed such sell without big tax hits. On the other hand, P&G has decided only to focus on its major money-making businesses of toothpaste, detergent, and razors. Mr. Buffett has been a strong advocate of higher personal taxes. However, like many other companies, using so-called inversion; Mr. Buffet has traded with many high-named companies. However, he has called the two paradoxical actions consistent and strongly defended his actions in media. Mr. Buffet is more inclined in buying companies than to hold major stakes. The purchase of Duracell, which makes 25% of the global battery market, is in the same line of action. On the other hand, P&G is perusing a policy of shedding its small businesses (De La Merced, 2014).

3) U.S. judge hits RBC with $76 million in damages tied to Rural/Metro deal

Delaware Court of Chancery Vice Chancellor said Royal Bank of Canada ought to pay $75.8 million to cover losses incurred by Rural/Metro's former shareholders due to RBC’s inability to disclose the conflicts in interest that tainted the $438 million buyout of the ambulance operator. The Delaware judge found a difference of $4.17 per share between the value of the share and the payment made (Hals, 2014).

4) Big Banks Fined in Currency Case

American, British and Swiss regulators have imposed fines on the five biggest banks of the world for conspiring to manipulate the foreign currency market. These banks include UBS, HSBC, RBS, JPMorgan Chase, and Citigroup. The aim of the fines was to discourage improper conduct by the employees. Britain‘s Financial conduct authority imposed 1.1 billion pounds, United States Commodity Futures Trading Commission imposed $1.4 billion, and Switzerland fined UBS about $138 million. Some of the banks and individuals are expecting criminal charges including the 30 traders, which were fired or suspended after an internal investigation at the banks. The Justice Department is also carrying out an investigation and likely to file a case. In the meanwhile Bank of England committee in its own report after investigation rejected any involvement of any official of the Bank of England in the unlawful or improper acts in the market, or with Forex traders (Ember, 2014).

5) Allergan Nears a Deal with Actavis to Block a Takeover by Valeant

To avoid a takeover by Valeant Pharmaceuticals International, Allergan is about to sell itself to Actavis for more than $62.5 billion. It would put an end to the bitter merger battle between the two bidders. Actavis will pay $210 a share. With this amount, this deal will be one of the greatest transactions of the year. Allergan is the maker of Botox and is expecting that Valeant will cut numerous costs to make the deal financially workable. Valeant has put pressure through ‘Pershing Square’ which holds 9.7% interest in Allergan. In the struggle, Valeant made attempts in order to get a deal but was strongly rejected and later sued in court by Allergan for alleged violation of trading laws. Allergan also tried to draw a deal with Salix Pharmaceuticals, but the deal failed. Later, Allergan talked successfully with Actavis and likely to clinch a deal very soon (Merced, 2014).

6) Toray in expanded $8.6 bln carbon fiber deal with Boeing

Japanese Toray is engaged in a contract with Boeing Co. for supplying carbon fiber for Boeing Co’s 777X passenger jet along with the 787 Dreamliner. The contract is worth $8.6 billion. The new deal will extend Toray’s contract with Boeing to more than ten years. Japanese play a key role in Boeing Co. as around 22,000 engineers in Japan already work on Boeing Jets. Toray is investing 100 billion yen in the project. The first 777X was due to deliver in 2020. However, Boeing has already got demands of some 300 orders and commitments, believing it to be 20% more energy-efficient than 777. Toray’s shares declined to 842.1 yen from 857.4 yen ($1=115.7 Japanese yen) since 2008 (Kelly, 2014).

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Summary Coursework Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Summary Coursework Example | Topics and Well Written Essays - 500 words - 1. Retrieved from https://studentshare.org/finance-accounting/1666335-summary
(Summary Coursework Example | Topics and Well Written Essays - 500 Words - 1)
Summary Coursework Example | Topics and Well Written Essays - 500 Words - 1. https://studentshare.org/finance-accounting/1666335-summary.
“Summary Coursework Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/finance-accounting/1666335-summary.
  • Cited: 0 times

CHECK THESE SAMPLES OF China Builds Financial Ties to Neighbors

Foreign Policy of China

Reportedly, china is the most populous country in the world and its economy is the fourth largest worth about 2.... hellip; The investigator examines the foreign policy of china.... It should be noted that china is still a one-party state ruled by the communist party.... Besides, china has a “new political ideology” in former President Jiang Zemin's ‘Three Represents theory', which is now starting to catch on with the Chinese masses after almost three years of nonstop official propaganda....
18 Pages (4500 words) Essay

The History of the North Korea

Its neighbors on the north include China and Russia, apart from bordering South Korea along the Korean Demilitarized Zone.... The country underwent demoralization, economic mismanagement and misplaced resource allocation but North Korea has a history of poor relations with its neighbors.... Recently its nuclear weapon program has prompted the express concerns of its neighbors including Japan, China, South Korea and Russia.... This prompted Japan to strengthen its military ties with US and transform its own Self-Defense Forces into a full-fledged military....
5 Pages (1250 words) Essay

HAAS Strategic Analysis

11 Pages (2750 words) Essay

The Three Faces of Chinese Power

nbsp; About Coercive power, China is explored in comparison with its relationships with the neighbors and the U.... The essay 'The Three Faces of Chinese Power" states that If a telescope is placed over the globe to find what is going on it, two scenes will emerge significantly – one, the global financial crisis, and the other is the rising of China, especially after recently concluded Olympics....   According to Lampton the credit for China's coercive power goes to Chairman Mao, for it monetary power it goes to Deng Xiaoping, and for today's financial and idea power it belongs to the current leaders....
5 Pages (1250 words) Essay

Rising China and Asia-Pacific Regional Stability

That the Asia-Pacific is undergoing tectonic shifts in terms of the elements of hard power in now a forgone conclusion; China overtook Japan in 2010 to become Asia's largest economy, only second to the United States globally in terms of gross domestic product (GDP), and in the process, taking advantage of the latters' woes in the wake of a deadly financial crisis to extend its influence in the neighboring nations' growth momentum.... The increasing influence of china in this region, not to mention its strategic positioning as a major international actor, coupled with its gradual move towards greater power status, a puzzle widely theorized as the “china Threat” with uncertain predictions, none of which has ever materialized, forms the basis of response herein....
8 Pages (2000 words) Essay

Impact of Chinas Rise on the Asian and Global Economy

"Impact of china's Rise on the Asian and Global Economy" paper discusses how china has impacted the ASEAN-4's (Malaysia, Indonesia, Thailand, and the Philippines) and other selected Third World Asian states.... It discusses the various reforms implemented in china since Deng Xiaoping came into power.... hellip; The World Bank and the OECD have often argued for china in relation to its grain imports (World Bank, 2005).... With strong exports and vivid participation in foreign trade, china has become a formidable economic power with a strong potential for expansion and growth With china's emergence, the Asian economy has also gained notice from the rest of the world....
31 Pages (7750 words) Thesis

How Likely Is a Future Hegemonic War Between the U.S. and China

That the multipolar power distributive effect of the “Beijing Consensus” on the international stage is out of the closet with a reorganizing precedence is no longer a surprise; for while China continues to register extraordinary record economic achievements, the United States catastrophic stumble in the wake of a deadly financial crisis opens up a Pandora box of a power gap with a leveraging effects of the former towards the latter.... Nevertheless, US-china relations will be deeply colored not just by aggregated hard-power indicators but also by how the US will invest in international supremacy....
12 Pages (3000 words) Research Paper

Reasons for the Collapse of the Car Industry in Australia

It is almost impossible to compete yet labor costs in Australia are four times those of her Asia pacific neighbors.... The strong Australian dollar is less competitive at the export front and in contrast, facilitated cheaper imports from rising markets like Thailand and china fueled by globalization....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us