Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 5:12:28 AM CST



Foreign Buying Spree Reaches Deep Into US

Posted Jan 28, 08 7:01 PM CST in Business 

(Newser) – As the dollar drops, foreign investors are buying up US enterprises large and small, from multi-billion-dollar stakes in Wall Street banks to ownership of chemical factories and construction companies in the likes of North Carolina. Canadian, British and German companies have been expanding their portfolios in the US for years, but the Middle East and China are quickly catching up. And it makes some politicians queasy, the Washington Post reports.

Foreign acquisitions have risen 93% over the past year to $407 billion, and much of the capital is tied to state-run sovereign wealth funds. The US has historically favored these investments as safe and long-term, and has taken a hands-off approach, but some lawmakers are warning against the trend. "The specter of control and undue influence looms," said one senator.

Source Washington Post

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
The growing trend of Chinese owned businesses on American soil is raising political concerns as the weakening dollar makes it an increasingly affordable option for international entrepreneurs.   (Shutterstock)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 4)



Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Business Stories


What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »