Mergers and Acquisitions

Australia to block Chinese $9 billion energy takeover bid

The Australian government has warned it intends to block a Hong Kong and Chinese consortium's 13 billion Australian dollar ($9 billion) takeover bid for an energy infrastructure company because it conflicts with Australia's national interest.

China's Xi promises market opening as import fair begins

President Xi Jinping has promised to open China's market wider as he opened a trade fair meant to promote the country's image as an importer, but he offered no response to U.S. and European complaints about technology policy and curbs on foreign business.