U.S. exempts Australia, Canada, UK from some foreign investment review

WASHINGTON (Reuters) - The Trump administration will exempt some companies from Australia, Canada and the United Kingdom from beefed up scrutiny of foreign investments in the United States, under rules set to be released on Monday, a senior Treasury official said. The finalised rules, which will go into effect on Feb. 13, extend the powers of the Committee on Foreign Investment in the United States, known as CFIUS, which has increasingly flexed its muscles against China.They are part of a bid,..