foreign investment

Brazil has offered Angola a new credit line worth $2 billion for use in the sub-Saharan African country's energy and construction sectors, Angolan Finance Minister Armando Manuel said on Monday.

Over the past 12 months, Huawei has signed deals with Borussia Dortmund (Germany), AC Milan (Italy), Arsenal (England), Paris Saint-Germain (France) and Ajax (Holland), all major European clubs who between them have won an average of four European trophies, 16 league championships and 11 domestic league cups.

High street giant Gap is to become the first American retailer to source garments made in Myanmar, the US embassy in Yangon said, over a decade after sanctions against the former junta slashed the country's textile industry. 

U.S. secretary of commerce Penny Pritzker will travel to Vietnam, the Philippines, and Myanmar with American chief executive officers in early June. Her visit is important because for Asia the heart of sustained engagement and indeed the very concept of security is economics.

With labor costs rising rapidly in China, American manufacturers of all sizes are looking south to Mexico with what economists describe as an eagerness not seen since the early years of the North American Free Trade Agreement in the 1990s.

An inquiry will begin on Friday into the booming number of foreigners buying up Australia’s houses - with approvals of almost $18 billion last year.  Foreign investors were set to snap up 5091 existing houses nationwide last financial year - up from 647 three years earlier.

Myanmar has been opening up slowly since reforms began in 2010, but as constitutional changes gather momentum so the rate of overseas investment appears to be speeding up.

A model apartment is opening this week at the Baccarat Hotel and Residences, a 50-story tower under development on West 53rd Street and Fifth Avenue, across from the Museum of Modern Art. Singapore-based Pontiac Land Group is joining with Goldman Sachs Group Inc. and Hines to construct a 72-story condo tower on the same block. Farther east, China Vanke Co., China’s biggest publicly traded developer, is working with Aby Rosen’s RFR Holding LLC on a 61-story building on Lexington Avenue.