Exclusive: India’s stiffer foreign investment rules aimed at China to include Hong Kong – sources

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NEW DELHI (Reuters) – India’s new rules to more closely scrutinise foreign investments from companies based in neighbouring countries will also apply to Hong Kong, two senior government sources told Reuters on Monday.

FILE PHOTO: A general view of the city of Hong Kong from the Peak Tower, China October 22, 2019. REUTERS/Ammar Awad

India said on Saturday that foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the coronavirus outbreak, but it gave few other details.

While the move was seen aimed at Chinese

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Mexico says U.S. to help it make oil cuts aimed at global reduction

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MEXICO CITY (Reuters) – The United States agreed on Thursday to make 250,000 barrels per day in additional cuts to oil output to help Mexico contribute to global reductions, Mexican President Andres Manuel Lopez Obrador said on Friday.

FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador holds a news conference at the National Palace in Mexico City, Mexico, March 17, 2020. REUTERS/Henry Romero/File Photo

During marathon talks on Thursday inside the OPEC+ group, oil producers agreed to make cuts equivalent to around 10% of global supplies, but Mexico balked at the initiative.

Speaking at a regular news conference, Lopez Obrador

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