Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 - U.N. [Reuters]
KKR & Co. Inc. (KKR)
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Source: Reuters
Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 - U.N. | Reuters 3 Min Read GENEVA (Reuters) - Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said on Monday. FDI, comprising cross-border mergers and acquisitions (M&A), intra-company loans and investment in start-up projects abroad, is a bellwether of globalization and a potential sign of growth of corporate supply chains and future trade ties. But it can also go into reverse as companies pull investments out of foreign projects or repatriate earnings. The lowest net global FDI since 2009 was the result of U.S. firms repatriating $300 billion or more in accumulated earnings to take advantage of Trump’s tax break. Net investment flows into Europe slumped by an unprecedented 73 percent to $100 billion, a level not seen since the 1990s, as U.S. firms pulle
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- 4/10/24 - Form 8-K
- 4/10/24 - Form 8-K
- 3/27/24 - Form 8-K
- KKR's page on the SEC website