World News – AU – NYSE scraps plan to delist Chinese telecommunications company


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The New York Stock Exchange on Monday abandoned plans to cancel three state-owned Chinese telecommunications companies, overturning a decision that further strained the already strained relationship between the world’s two superpowers.

In a brief statement, the exchange stated that it « no longer intends to advance the delisting measures for China Telecom, China Mobile and China Unicom ».

No detailed reason for the sudden reversal was given, but the exchange said it did so after « further consultation with relevant regulators ». .

In trade in Hong Kong on Tuesday morning, China Unicom gained eight percent, while China Mobile and China Telecom each gained more than six percent.

The reversal comes just four days after the NYSE announced it would end trading in companies to comply with an order from the Trump administration banning investment in companies with ties to the Chinese military.

Donald Trump signed an executive order in November banning Americans from investing in Chinese companies that supply or support the country’s military and security apparatus and received a sharp reprimand from Beijing.

The contract listed 31 companies that China used to « increase exploitation » of US investment capital to fund military and intelligence agencies, including the development and use of weapons of mass destruction.

It was part of a series of orders and regulations aimed at China’s economic and military expansion in recent months.

Trump’s order prohibits U.S. companies and individuals from owning any of the companies, which include video surveillance company Hikvision and China Railway Construction Corp..

National Security Advisor Robert O’Brien at the time said the order would prevent Americans from unwittingly providing passive capital to Chinese companies listed on stock exchanges around the world that help improve the Beijing Army and espionage agencies.

Under his America First banner, Trump has portrayed China as the greatest threat to the United States and global democracy, waging a trade war with it, harassing Chinese tech firms and blaming Beijing for the coronavirus pandemic.

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An influencer who shared her 2020 trips with TikTok has been sentenced as « deaf ». .

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The locations of exposure associated with the coronavirus outbreak in Melbourne continue to increase. Almost 100 locations are now listed.

More than 50 million people will return to the strictest lockdown in the country to contain the spread of a more contagious Covid-19 strain.

Due to La Nina and prolonged rain, the country repeated an event that had only happened once before in 1959.

A medical examiner has ruled on the death of Nora Anne Quoirin, 15, after she was found dead in a jungle in Malaysia in 2019.

A number of supermarkets have been added to lists warning people to stop the spread of the coronavirus in both Victoria and NSW.

The flooded road shows that the flood caught parts of Queensland within 24 hours of a 262mm city as authorities warn residents.

The charging pad is prone to overheating and, according to the Consumer Watchdog, can lead to injuries.

Carolyn Palisch saved the lives of her neighbors after smelling smoke from outside on New Years Day.

The police were on site on Saturday and an estimated 600 people were at the reception, despite a Covid capacity of 350 people.

The doctor said he took pride in serving his patients before giving them an incredible gift.

More than 60 Sydney suburbs have been put on alert after sewage discovered traces of the virus, which is Covid-19.

New York Stock Exchange, China, Delisting, Donald Trump, Telecommunications, Stock Exchange

World News – AU – NYSE scraps plan to delist Chinese telecommunications company



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