Charter Communications, which operates the Spectrum brand of digital telecommunications services, has agreed to pay $34.5 billion to merge with Cox Communications.
Tag: Economy
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SHIPPERS, PORTS BRACE FOR 90-DAY RUSH AS TRUMP CUTS CHINA TARIFF
Ports and ocean freight carriers are bracing for a wave of rushed business after Donald Trump temporarily cut China’s tariff rate from 145 percent to 30 percent for 90 days.
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SPOTLIGHT: THE SHRINKING LUXURY INDUSTRY
Burberry, purveyor of $390 tank tops and $2,000 handbags, lost £3 million in the fiscal year ending 29 March, compared to a £418-million profit the year before.
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U.K. NOW OWNS MORE U.S. TREASURY SECURITIES THAN CHINA
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
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CHINA PLANTS ITS FLAG IN LATIN AMERICA
China is aggressively asserting its presence in Latin America, hoping to secure political friends and allies—as well as lucrative economic deals and contracts for resource development—in a region the U.S. has long viewed more as trouble than as opportunity.
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SPOTLIGHT: BIGS GETTING BIGGER
3G Capital, a low-key private equity firm best known for helping Warren Buffet merge food giants Kraft and Heinz, is taking shoe company Skechers private for $9.4 billion in cash.
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SPOTLIGHT: DEATH OF THE DOLLAR
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
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CHINA TECH GIANT IS BUILDING END-TO-END SUPPLY CHAIN FOR ADVANCED CHIPS
Huawei, China’s leading maker of computer chips, and two of its affiliated companies are nearing completion of three factories in Huawei’s home city of Shenzhen that will further break the country’s dependence on foreign technologies, the Financial Times was first to report.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
Faced with the loss of U.S. trade as Donald Trump’s tariff war began to take hold, China’s factory output shrank in April by the most in the past 15 months, the Financial Times reported.