China’s Tianqi Lithium Corp has finally received approval to complete its $4 billion investment in Chilean mining group Sociedad Quimica y Minera de Chile (SQM), a deal that will tighten Tianqi’s control of global lithium supplies, Caixin reports. Tianqi will acquire a 23.77% stake in SQM from Canadian fertilizer company Nutrien Ltd, the company stated in a […]
Category: Politics & Society
President Trump named noted China sceptic Robert Lighthizer as US envoy during the next round of trade talks with Beijing, suggesting that Washington is gearing up for a harder line during a key 90-day negotiation period, the Wall Street Journal reports. The pick of Lighthizer, also US Trade Representative, may come as a surprise to […]
US semiconductor firm Qualcomm will not attempt to restart its abandoned $44 billion acquisition of Dutch rival NXP despite Beijing signalling that it would be open to approving the deal if this were to happen, Reuters reports. Qualcomm abandoned its attempted buyout of NXP in July after months of fruitless attempts to secure approval from Chinese regulators. […]
CEASE FIRE
Following a high-profile meeting between Presidents Donald Trump and Xi Jinping at the G20 summit in Buenos Aires on Sunday, the United States agreed to hold off on imposing further tariffs on Chinese imports for three months while the two sides attempt to negotiate a more lasting solution to the trade war. The US was […]