Overseas Investments Reach New Heights
According to the United Nations, companies in the United States are investing more of their money overseas in amounts totaling more than $640 billion this past year. The U.N. expects investments to go even higher this year.
The reason for the surge is due, in part, to an increase in U.S. mergers and acquisitions, as well as developing relationships with countries who need an influx of cash.
Among Asian countries, China was the most popular investment source, reaping approximately $45.5 billion last year. However, Russia experienced a decrease in investments by 60 percent.
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.