Investing and Global Finance News

Monthly Archives: June 2017

South Korean President Moon Jae-in to Meet President Trump

The lead up to the coming meeting between President Moon Jae-in of South Korea and President Donald Trump is full of anticipation over the many things the two leaders are preparing to discuss.

One of those issues concerns South Koreans desire to import more American shale gas and also build new factories in the United States.

The summit is scheduled for next week in Washington, DC. South Korea’s largest business group, the Korea Chamber of Commerce, are preparing a large gamut of new investment opportunities which can potentially be a source of job growth for the US. Offering jobs to US citizens should give the Koreans a better position vis a vis the enlarging trade imbalance in favor of Korea which is of special concern to the isolationist tendencies of President Trump.

Samsung Electronics announced earlier this week that it plans to build a new appliance factory in South Carolina for about $380 million. In addition, the giant consumer electronics company would like to beef up its semiconductor plant in Texas for about $1.5 billion. Additional states in the US can also expect some job growth if LG Electronics implements its plan to invest $250 million into constructing a new factory to make washing machines in Tennessee, and $300 million on a new building in New Jersey.

Since 2012 the trade deficit the US has with South Korea has almost doubled. At that time, the US and South Korea signed a bilateral trade agreement. Trump criticized this very deal while on the campaign trail last year.

Total trade between the two allies totaled $144.6 billion in 2016, with the US holding a $17 billion deficit.

Nestle Considering Sale of Its US Chocolate Arm

The new head of Nestle SA, Mark Schneider, is considering selling its US chocolate division due to sluggish sales and a move toward faster-growing businesses like health care and coffee. Schneider became the CEO of the Swiss-based corporation in 2016 after working for many years in pharmaceuticals and medical products. The US division is had… Continue Reading

Canine Flu on the Rise

Certain parts of the US are seeing a significant uptick in the number of pet dogs coming down with the flu. Although it is not contagious to people, or life-threatening to dogs, it is still a concern to pet owners in Arkansas, Florida and North and South Carolina, where the epidemic is at its worst.… Continue Reading

Silverfern Releases Overview of 2016 Investments

The Silverfern Group recently held its annual 2017 meeting in NYC. The firm provided an overview of its investments and growth in 2016. Specializing in investment management in areas including middle market private equity, real estate and private debt, Silverfern is run by co-Managing Partners Clive Holmes and Reeta Holmes. At the event, Clive Holmes… Continue Reading