US takes steps to keep Chinese away from Westinghouse


The Vogtle Unit 3 and 4 site, being constructed by primary contactor Westinghouse, a business unit of Toshiba, in Georgia, the United States. — Reuters

WASHINGTON: The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co’s nuclear business that US officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said.

Cabinet members including Energy Secretary Rick Perry and Treasury Secretary Steven Mnuchin have discussed preventing Westinghouse’s purchase by a Chinese-linked company, three US officials said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Trump , Westinghouse , Chinese , trump , xi , american , buyer , Toshiba ,

   

Next In Business News

Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Farhash no more HeiTech’s substantial shareholder
AWC lands RM17.8mil plumbing job
SupportLine
Trading suspension for Awanbiru
Pansar secures RM269mil utility contract
Dialog Axiata inks deal to acquire Airtel Lanka
Pop Mart goes full steam ahead to meet growing global demand

Others Also Read