Afternoon Coffee: EU Launches Case Against China for ‘Unfair’ Restrictions on Exports

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The European Union launched a complaint against China this week for restricting exports on certain raw materials, including copper, lead, tin and cobalt. EU Trade Commissioner Cecilia Malmström said Chinese trade practices are unfair and go against international trade rules and are negatively impacting EU producers and consumers.

SABMiller’s board meets today, and a source close to the company told Reuters it has not ruled out asking Anheuser-Busch InBev to revamp its more than $100 billion proposed takeover bid. ABI’s acquisition has been approved by European and South African regulators but the U.S. and China still need to OK the deal.

A new analysis by Source Intelligence, which provides information and analytics platforms to increase supply chain transparency, shows more U.S. companies are disclosing more details on how they discover if their products contain conflict minerals. The analysis determined companies are conducting more third-party audits to gain visibility into their supply chains.

DuPont shareholders approved the proposed merger with Dow Chemical Co. today. Dow shareholders have also approved the merger, which would create a $130 billion conglomerate.

 

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