U.S. To Add Chinese Oil Driller To List Of Firms Barred From Receiving American Investments: Report

The Trump administration is set to add major Chinese offshore oil and gas producer CNOOC, plus three other large Chinese firms, to a list of companies barred from receiving American investments because of their alleged ties to China’s military, according to a report by Reuters that cited documents and three officials. 

CNOOC — short for China National Offshore Oil Corporation — is China’s third-largest oil and gas company and its main offshore explorer, having brought in more than $30 billion in revenue in 2019. 

Its inclusion on the blacklist caused its Hong Kong-listed shares to tumble 14% on Monday. Not only are US investors responsible for a large chunk of the company’s more than $360 billion in value on the Hong

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Targeting Technology Investments to Improve the Client Experience

Banks’ effectiveness in targeting their IT spending will help separate winners from losers in the post-COVID marketplace.

To date, four global banks have differentiated themselves in wholesale banking by deploying strong digital/technical capabilities and analytics that outpace rivals. In alphabetical order, those banks are:

  • Bank of America
  • Citi
  • HSBC
  • J.P. Morgan

This list of digital leaders—and the analysis and recommendations included in our new Coalition Greenwich Report – The Future of Banking: Digital Transformation – The Pathway to Profitable Differentiation – were derived from data collected in the Greenwich Digital Transformation Benchmarking Study.

Banks can use technology to improve the client experience in three main ways: by speeding or automating processes, adding new values and increasing transparency.

1.    Speed in the client experience is mainly a function of streamlining requirements and automation. The COVID crisis has accelerated the process of automating parts of routine banking functions with digital tools. By

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Sinai Capital Partners Raises L.A.’s Biggest-Ever Fund, $600 Million For Media, Tech Investments

 Sinai Capital Partners said it has raised $600 million for two funds to finance impactful and social-change-oriented investments in tech, film and TV.

The Partners’ venture capital fund Sinai Ventures raised $500 million, which the company said was the largest single fund in Los Angeles history, to invest in late-stage software and tech companies.

“Much like the entrepreneurs we back, Sinai believes the adoption of technology presents a global opportunity to change lives for the better,” said Sinai Ventures Managing Partner Jordan Fudge. “To that end, we are mission-driven to discover teams building impactful companies across the world.”

The fund has investments in 85 companies, including such notables as Pinterest, Roman Health, and Hippo Insurance. With its newest raise, Sinai Ventures will focus on investing in growth-stage and pre-IPO companies.

 “We have long been dedicated to the thesis

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Trump Bans US Investments In 31 Companies Controlled By China’s Military

KEY POINTS

  • U.S. firms and investors are blocked from owning shares in several Chinese companies
  • The block aims to prevent the development of Chinese military and intelligence
  • The ban applies to 31 Chinese firms, including Huawei

President Donald Trump on Thursday signed an executive order that banned Americans from investing in a list of companies that the administration believes support the Chinese military. 

The order — which blocks American firms or individuals from investing or owning shares — applies to 31 Chinese companies. It will take effect on Jan. 11, 2021.

Chinese companies such as Huawei, Hikvision, Inspur Group, Panda Electronics Group, China Telecommunications Corp. and China National Nuclear Corp. were blacklisted, the initial list released by the Department of Defense in June noted. 

The Trump administration said the executive order is designed to prevent U.S. companies or individuals from enabling “the development and modernization” of the Chinese military, CNBC

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Barriers to China-U.S. investments could outlast Trump

By Kane Wu and Echo Wang

HONG KONG/NEW YORK (Reuters) – President Donald Trump raised barriers for Chinese companies seeking to invest or raise money in the United States that will have a lasting impact even if he does not win a second term, according to dealmakers and policy experts.

Chinese acquisitions of U.S. companies dropped to $1.86 billion last year, a tiny fraction of the $61 billion they totaled in 2016, when they were at their peak right before Trump came into office, according to Refinitiv data.

Chinese venture capital investments into the United States, which peaked in 2016 at nearly $15.7 billion, totaled just $6.7 billion as of Oct. 27, according to PitchBook data.

Foreign direct investment from China into the United States has declined by 90% to $4.7 billion so far this year compared to 2016, according to the Rhodium Group.

Much of this is the result

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Aircraft Piston Engines Market Future Investments and Expected Reach Approximately USD 59.8 Mn By 2028

Pune, Maharashtra, India, October 30 2020 (Wiredrelease) Prudour Pvt. Ltd :Aircraft Piston Engines Market Scenario and COVID-19 Impact Analysis:

Market.us, one of the worlds leading by prominent market research firms has released a new recent work on Aircraft Piston Engines based on business intelligence, consumer preferences and statistical surveys. The demands for spirits has been increasing gradually. Besides that, the report illustrates the primary obstacles and new expansion strategies implemented by key players in the industry. This research study is a valuable source of understanding data for business strategies, growth analysis, historical and futuristic cost, demand and supply data.

Revenue value for global Aircraft Piston Engines market to reach USD 59.8 million by 2028 and valued approximately USD 53.7 million in 2018 is anticipated to grow with a healthy growth rate of more than 1.1% over the forecast period 2021-2030.

This report contains a thorough analysis of the pre and

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Tech investments tipped by business leaders as key to UK post-pandemic recovery

Business survival and new technologies have emerged as the top two areas where enterprises plan to prioritise investment over the coming year, as their post-pandemic recovery plans take shape.

That is according to the fifth Annual trends survey from UK-based IT services provider Advanced, in which 1,000 senior business decision-makers were asked to predict how technology would affect how UK organisations operate in the near term and the future.

A large majority of respondents, 98%, said they are of the view that technology will play a major role in the global economic recovery from Covid-19, with 54% name-checking business survival – both during and post-pandemic – as a key spending priority over the next 12 months.

At the same time, 59% of respondents said they plan to prioritise investment in cloud products and other technology over the same period, while 77% predict that the pandemic will result in their organisation

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Canadian Retail Investors Seek Diversity & Inclusion in Their Portfolios, Want Advisors to Offer Responsible Investments

Majority of investors surveyed want their fund managers to engage with corporations to promote more diversity in leadership.

The vast majority of Canadian retail investors want to see more diversity and inclusion in their investment portfolios, according to a new survey from the Responsible Investment Association (RIA).

The 2020 RIA Investor Opinion Survey, which is based on an Ipsos poll of 1,000 individual investors in Canada, found that 73% of respondents would like a portion of their portfolio to be invested in organizations providing opportunities for the advancement of women and diverse groups, and 72% want their fund manager to engage with Canadian corporations to encourage more diversity in leadership.

In addition, the survey found that 89% of respondents believe it is important for Canadian companies to create inclusive workplaces that are free of discrimination, while 85% said Canadian companies should provide more leadership opportunities to qualified women and people

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UV Sensor Market Poised to Grow by $ 2.69 bn Owing to the Increasing Investments in Global Smartphone Market

The global UV sensor market size is poised to grow by USD 2.69 billion during 2020-2024, progressing at a CAGR of almost 23% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005911/en/

Technavio has announced its latest market research report titled Global Ultraviolet (UV) Sensor Market 2020-2024 (Graphic: Business Wire)

The global UV sensor market is driven by the increasing investments in global smartphone market. Major smartphone vendors such as Apple, Xiaomi, Vivo, Oppo, and Realme are investing in manufacturing facilities globally. The vendors are competing with each other

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