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Washington looking to cut reliance on countries that ‘present geopolitical and security risks’, says American treasury secretary in swipe at Beijing.
Yellen is not expected to dwell on India's failure to condemn Russia's war in Ukraine, nor on India's massive increase in purchases of discounted Russian oil this year.
With the U.S. dollar continuing strong this year, overseas private equity firms (PEFs) are snapping up Korean companies that are up for sale on the M&A market at a cheap price, while local private equity companies find themselves being pushed behind in price competitiveness. There have so far this year been seven major M&A deals worth over 500 billion won ($35.2 million), which were either completed or are currently in discussion, and five of the seven deals were snapped up by foreign PEFs.
Canada will seek membership to the U.S-led Indo-Pacific Economic Framework, its foreign minister said on Oct. 27, referring to a regional economic engagement initiative Washington is pitching to counter China's growing clout.
With additional effort, the United States can help to establish lasting and effective tools to accelerate clean energy deployment in the Indo-Pacific region and to serve wider U.S. political and economic interests.