The Zuidas business district is a draw to foreign firms. Photo: DutchNews.nl The Netherlands remains in fourth place in a new EY ranking of European countries with the most foreign investment, but the number of firms investing in the Netherlands fell sharply last year, from 409 in 2016 to 339 in 2017. Together, the foreign firms created 8,500 jobs in the Netherlands, or 2% of the told jobs created in Europe by direct foreign investment. Sales and marketing operations accounted for the bulk of foreign investment but 46 firms set up regional headquarters in the Netherlands. Amsterdam took the lions share of direct foreign investment, with 152 projects. Rotterdam and The Hague each had 42. American companies accounted for the 88 of the transactions, followed by China with 38 and Britain with 28, EY said. Despite the downturn in direct foreign investment, confidence in the Netherlands as a good place to do business has improved. Some 52% of the 500 major investors questioned by EY … [Read more...] about Fewer foreign investments in the Netherlands, but business climate improves
Foreign investment in china
Experimental feature Listen to this article Play audio for this article Pause Experimental feature or Give us your feedback Thank you for your feedback. What do you think? I‘ll use it in the future I don‘t think I‘ll use it Please tell us why (optional) Send Feedback As the threat of a trade war between the US and China still looms, foreign companies operating on the mainland are profoundly ambivalent. In public, chief executives usually repeat clichés about how there are “ no winners” in a trade war and that disputes should be settled through negotiation. But in private, foreign companies have grown increasingly discouraged by the formal and informal barriers that hinder not only their operations within China but also their exports into the country. So while foreign businesses fear the short-term impact of a possible trade war on their bottom lines, many believe the trade and investment relationship between … [Read more...] about Foreign business in China fears US trade blowback
No yin yang On paper there is nothing to stop German companies buying Chinese firms. But the reality is very different. Yet they don’t complain about the discrimination because they’re making big money in China. Published on May 24, 2018 2:54 pm Champagne corks are sure to be popping in Beijing today, at least on first glance. German Chancellor Angela Merkel is on her 11th official visit to China, with corporate bosses in tow. They include happy execs from German automakers BMW, Daimler and VW whose shares gained €6 billion ($7 billion) on Tuesday when China announced it will cut tariffs for all imported cars to 15 percent from 25 percent. The olive branch intended for America is a late Christmas present for German industry. VW alone will save some €600 million this year on Porsches assembled in Germany and exported to China, according to an auto analyst. In fact Germany’s top 30 DAX-listed companies generate an average of 15 percent of their … [Read more...] about German and foreign investors still locked out of investment in China
Turkey's banking sector has enjoyed the inflow of foreign investment for almost more than two decades. European and Gulf investors have been acquiring Turkish banks or bringing their brands to Turkey. The latest example of such an investment made headlines yesterday when Russia's largest bank, state-owned lender Sberbank, agreed to sell its entire 99.85 percent stake in Turkey's fifth-largest private bank Denizbank to Dubai's Emirates NBD, according to a joint statement. "In accordance with the signed agreement, the consideration for 99.85 percent equals TL 14.6 billion ($3.2 billion) under a locked box mechanism, based on consolidated equity capital of Denizbank as of Oct. 31, 2017," the statement read. The closing of the transaction is subject to regulatory approval in Turkey, Russia, the United Arab Emirates (UAE) and other relevant jurisdictions where Denizbank operates. The transaction is expected to close in 2018. It said Emirates NBD will pay interest on the consideration for … [Read more...] about Foreign investment in Turkish banking sector continues with Denizbank’s sale to UAE’s NBD for $3.2 billion
President Emmanuel Macron has offered to open up France to Chinese investment. This is in exchange for greater access to Chinese markets for French companies. Macron has warned that existing trade imbalances will lead to protectionism. Macron, who met President Xi Jinping on Monday evening, said the two countries would fall into a lose-lose situation if continued restrictions on foreign firms in China prompt France and Europe to put a brake on Chinese inward investment. "Let's open up both instead." What did he say? "We have an access to markets which is unbalanced, unsatisfying. If we don't deal with this responsibly, the first, natural reaction will be to close up on both sides." Why is Macron in China? He is on the second leg of a three-day state visit to the country. A delegation of 50 business leaders are with him. The aim is to reduce a 30-billion-euro trade deficit with Beijing. Macron is hoping to seal deals, notably in the nuclear, aerospace and agrifood sectors. … [Read more...] about Macron in China: why is he there?