There is growing scrutiny around Chinese efforts to buy companies around the world. On Thursday, Italy’s leader revealed that his country had blocked a Chinese firm from acquiring an Italian microchip manufacturer.
Also on Thursday, the United States Commerce Department stopped seven Chinese firms from buying American-made technologies. The Committee on Foreign Investment in the United States, or CFIUS, is now searching through deals past and present that it may subject to review.
This is happening from North America to Europe and East Asia, where governments are paying more attention to who is buying up their companies in certain sectors. That’s especially true when the buyer is based in China. Read more…..
Chart of the Day
This is the story of how Berkshire Hathaway billionaire Charlie Munger made his first $1,000,000. How he went from ZERO to MILLIONAIRE at age 43. You’ve probably heard the story about Warren Buffett, but have you heard the one about his right-hand man Charlie Munger?