MEXICO CITY (AP) — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as a sign of confidence in Mexico’s government and economic potential. The sale, which is expected to be completed next year after Mexican regulators sign off, comes after Citigroup announced in January 2022 that it was moving away from retail banking in Latin America. Mexico’s then-President Andrés Manuel Lópe ...

Regulatory Change - Saudi Arabia is expected to lift the restriction that limits foreign investors to owning just 49% of Saudi equities [2] - The Capital Market Authority (CMA) is currently reviewing the foreign ownership rule, with a decision expected before the end of the year [2] - The extent of the lift is unknown, but any move above 50% would be significant [2] Market Impact - Allowing foreigners to own a majority stake in local companies is a major development for the Saudi market [1] - This move is the latest in a series of steps from the CMA to open up the Saudi market to foreign investors [2] - This would be the first time foreigners are allowed to own a majority of Saudi equities [2]

Saudi Arabia is set to allow foreigners to own majority stakes in local companies as ownership curbs in the region will be eased.Bloomberg's @joumannatv and @cmarie_burke report https://t.co/42SFUomN9g https://t.co/SVs9YcziTl ...

#数据 中国债券信息网的数据显示 ，8月份外国机构持有的中国主权债务连续第三个月下降至2.01万亿元，为2021年1月以来的最低水平。法国农业信贷策略师认为，外国投资者对中国境内股票市场表现出更大的兴趣，而对债券的兴趣则较低，因为绝对回报率仍然相对较低，且外汇对冲回报率受到侵蚀。 https://t.co/NNdtKDYVkj ...

Investment Trends - Foreign insurers are increasing their investments in US assets [1] - This trend reverses a slowdown observed during the early period of President Donald Trump's second term [1]

Core Points - The U.S. immigration raid at a South Korean-owned battery plant in Georgia has raised concerns about foreign investment in the U.S. [2] - The raid resulted in the arrest of 475 workers, many of whom were South Korean, leading to diplomatic tensions with South Korea [3][4] - The Trump administration's deportation drive aims for significant daily arrests, which could impact manufacturing reshoring efforts [4] Group 1: Immigration Raid Impact - The immigration raid at the Hyundai-LG plant is part of a broader strategy by the Trump administration to enforce immigration laws [4] - The administration's actions have sparked backlash and concerns regarding the potential disruption of efforts to bring manufacturing back to the U.S. [5] - President Trump emphasized the importance of foreign investment and the need for skilled foreign workers to train the domestic workforce [5][6] Group 2: Foreign Investment Concerns - The raid has led to fears that it may deter foreign companies from investing in the U.S. [2][5] - Trump stated that foreign workers are welcome, but they are expected to return home after their training [5] - The administration is focused on ensuring that foreign investment continues to flow into the U.S. despite the immigration enforcement actions [6]

Incident Overview - 316 South Korean workers, including 10 women, returned home after being detained in the US [1] - Workers described the detention facility as prison-like conditions [2] - The incident caused frustration and concern in South Korea regarding the treatment of its nationals [4][5][6] Economic Impact and Investment Concerns - South Korean companies have approximately $500 billion invested in the United States [7] - LG alone has $26 billion invested in a battery facility [7] - The incident is expected to delay the opening of the battery facility by two to three months, impacting the creation of 8,500 American jobs [8] - The incident raises concerns among South Korean businesses about the risks of investing in US projects due to perceived unpredictability [8][9] Visa and Legal Ambiguity - Confusion exists regarding the visa statuses of the South Korean workers, with some on B1 visas, visa waiver programs, or possessing proper work documents [10] - The lack of a consistent visa system for South Korean companies is a contributing factor to the issue [9] Public Sentiment in South Korea - A majority of South Koreans expressed negative sentiments towards the US's handling of the situation [12][13] - Some South Koreans questioned the current state of America, feeling that the treatment was undeserved [12][13]

Market Trends - Foreign investors are buying South African bonds in search of higher real yields [1]

Market Strategy - Vietnam aims to meet MSCI's emerging market upgrade criteria by 2030 [1] - Vietnam is pushing forward with efforts to appeal to more foreign investors [1]

Industry Impact & Investment Concerns - The incident involving the detention of South Korean workers in the US raises concerns for South Korean companies investing billions of dollars in US manufacturing [5] - Visa issues, particularly the use of short-term B1s, B2s, and visa waiver programs, could cause companies to hesitate investing in the US [6] - LG has confirmed a 2 to 3 month delay in the opening of its battery factory due to the incident, highlighting potential disruptions to business plans [8] Labor & Legal Issues - 475 people were rounded up at a Hyundai and LG battery factory construction site, accused of working illegally in the US [3] - The US government stated that using foreign laborers hurts American workers, emphasizing the enforcement of federal laws [3] - The type of visas the workers held, or whether they had visas at all, remains unclear [3] Diplomatic & Reputational Risks - The detention of Korean workers sparked outrage in South Korea and threatened relations with the US [4][5] - The South Korean government chartered a plane to bring the detained workers back home [4] - Perceptions of America in South Korea may change due to the incident, potentially affecting future relations [8] Project Execution & Expertise - Korean companies need to send skilled workers to the US to execute their business plans, especially in sectors like semiconductors and electric batteries where domain expertise in the US is limited [7] - The incident may make it challenging to convince technicians to return to work on the delayed battery factory project [9] - The Hyundai and LG battery factory project is valued at $4.3 billion [2]