Homepage / Asia / Scaramucci's China dealings may have helped push him out of the White House
Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills Top 5 Free File Sharing Services Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be Speed Up Your Business Valuation With a Data Room How to Choose the Best Board Management Software for Business How to Write Effective Board Decision Papers Choosing Board Meeting Software The Benefits of Document Distribution Software Why Startups Need a VDR for Start-Up Virtual Data Room for Ipos and the IPO Process What is a Board Portal? What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software


Scaramucci's China dealings may have helped push him out of the White House

The abrupt dismissal of White House communications director Anthony Scaramucci less than two weeks after his appointment may be linked to the outspoken financier’s China dealings.

The firing has been widely attributed to Scaramucci’s verbal tirade to a reporter in addition to orders from new chief of staff John F. Kelly. But there’s a third issue that may have played into the decision, Jim Rickards, editor of investment newsletter Strategic Intelligence, told CNBC.

The sale of Scaramucci’s hedge fund, SkyBridge Capital, to HNA Capital, a subsidiary of Chinese conglomerate HNA Group, was a red flag for Washington, according to Rickards.

The acquisition, which was finalized in January and reportedly values SkyBridge at around $200 million, is currently pending approval from the Committee on Foreign Investment in the United States — or CFIUS — a government panel that reviews foreign purchases of American companies for national security risks.

Officially chaired by Treasury Secretary Steven Mnuchin, CFIUS involves multiple U.S. agencies, including the defense, commerce and state departments.

Rickards, who previously worked with intelligence officials on CFIUS regarding foreign acquisitions of U.S. financial services firms, said he believes the Skybridge deal was “a sleeper story waiting to come back to haunt the White House.”

HNA’s purchase is likely to get rejected amid concerns of Chinese control over U.S. hedge funds and investment banks — a decision that wouldn’t bode well for President Donald Trump’s administration, he said.

“My recommendation would have been for CFIUS to turn the deal down…we had always warned ‘don’t let our adversaries such as China or Russia get plugged into the U.S. financial system’…When I was involved, this deal would have not gone through,” he said.

“In some ways, the White House is probably relieved to get rid of Scaramucci because now, no matter what happens to that deal, that burden won’t be with the White House,” Rickards continued. “Using the [New Yorker] interview was great cover to get rid of Scaramucci before the hedge fund deal and national security review blew up in his face.”

The former Export-Import Bank executive’s speedy exit won’t impact the SkyBridge-HNA deal, a spokesman for HNA Capital said late on Monday, Reuters reported.

Potential rejection of the Skybridge-HNA deal was a concern for the newly-appointed Kelly, said Todd Eberly, associate professor of political science and public policy at St Mary’s College of Maryland. “Kelly is trying to create a new narrative of a White House that is more focused and on message — a White House where the staff are no longer major news stories.”

While Eberly said he doesn’t believe the deal ultimately factored into Scaramucci’s removal, he said CFIUS refusal would have been “a major embarrassment” for the White House.

Owner of Chinese carrier Hainan Airlines, HNA Group is one of many Chinese corporates under scrutiny by regulators for its global spending spree — estimated at upwards of $50 billion since 2015, according to Dealogic.

Last week, HNA’s $416 million investment into Global Eagle Entertainment was blocked amid concerns over customer data exchanged on the U.S. firm’s WiFi, Reuters reported.

Concerns over HNA’s opaque structure have also been in the spotlight. Last week, the firm revealed details of its ownership structure in an attempt to clear confusion following recent allegations that relatives of top Communist Party officials held stakes in the group.

It’s not just HNA under Washington’s microscope. Broad caution on the part of CFIUS resulted in a historically high number of rejected deals this year, Reuters reported last week.

CFIUS does remain open to Chinese investment, David Dollar, senior fellow at the Brookings Institution and the U.S. Treasury’s former economic and financial emissary to China, recently told CNBC, noting examples such as the approved Shuanghui-Smithfield deal.

Dollar did acknowledge, however, that the current wave of Chinese investment into the U.S. was “enormous,” adding that he expected around 50 deals from the mainland this year.

Source: cnbc china
Scaramucci's China dealings may have helped push him out of the White House

Comments are closed.