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US scraps Xiaomi blacklisting | Light Reading

US scraps Xiaomi blacklisting | Light Reading
lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.

US likely to keep China investment ban

US likely to keep China investment ban BLACKLIST: Joe Biden’s administration appears to favor maintaining the previous administration’s prohibitions on investments in companies linked to the Chinese military Bloomberg US President Joe Biden’s administration is likely to maintain pressure on China by preserving limits on US investments in certain Chinese companies imposed under former US president Donald Trump, six people familiar with the matter said, bucking entreaties from analysts to ease the restrictions. Biden officials are still in preliminary discussions about Trump’s investment bans on companies linked to China’s military, which included three of the nation’s biggest telecommunications firms, the people said.

U S Department of Commerce Sanctions Seven Chinese Supercomputer Firms | Dorsey & Whitney LLP

Sunway Microelectronics; and Tianjin Phytium Information Technology. Because of these designations, exports and transfers of most items with significant U.S. content to these Chinese firms will now require a BIS export license under the U.S. Export Administration Regulations (“EAR”).  In its April 8 announcement, BIS also said that it will consider any export license applications for these entities with a presumption of denial. According to the BIS announcement, the seven listed firms supply China’s military with technology that can be used in the development of weapons of mass destruction and hypersonic weapons.  The Biden Administration believes that some of that work may depend on the use of advanced semiconductors designed or made with U.S. origin software or other technology.  However, much of that semiconductor fabrication takes place at a leading third country semiconductor foundry.  The effectiveness of these new Entity List sanctions will then largely depend on

Government clears merger of SinoChem and ChemChina

By Angeli Mehta2021-04-15T09:21:00+01:00 China’s chemicals giants will unite under a state-run holding company Chinese regulators have approved the long-anticipated merger of two of the country’s major state-run chemical groups, Sinochem and ChemChina. Together the refining and chemicals giant will have revenues of over $150 billion (£109 billion), and its leaders anticipate cutting costs to become more competitive. However, analysts don’t expect to see any big changes just yet. Source: © Reuters/Alamy Stock Photo ChemChina will rely on ‘cash rich’ SinoChem to help overcome its debt from recent expansion overseas ChemChina certainly needs Sinochem. It is heavily in debt, having paid $43 billion for Swiss agrochemicals business Syngenta in 2017. There are already ties between the two companies: last year, Sinochem merged its agricultural operations with Syngenta and Israel-based Adama (which ChemChina had bought in 2011). Reuters reported that ChemChina had to seek up

April 2021 Investment Management Update

Friday, April 9, 2021 SEC Announces 2021 Examination Priorities The SEC’s Division of Examinations (Division), formerly known as the Office of Compliance Inspections and Examinations (OCIE), released its 2021 examination priorities. In its release, the Division noted that it completed over 2,952 examinations in 2020 and issued more than 2,000 deficiency letters. Approximately 15% of all registered investment advisers were examined during 2020 and the Division completed more than 100 examinations of investment companies. The Division also conducted hundreds of outreach calls to investment companies and advisers to assess market impacts of the COVID-19 pandemic. The 2021 priorities are grouped into the following categories, each of which is described below in more detail:

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