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In flip-flop, NYSE will delist 3 Chinese companies after all

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The New York Stock Exchange is going ahead with plans to delist shares of three Chinese state-owned phone carriers under an executive order from U.S. President Donald Trump, reversing course just days after saying they wouldn't be delisted.

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The exchange said trading in the three companies, China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd., will be suspended on Jan. 11. The NYSE initially said on Jan. 1 that it would delist the companies, only to withdraw that decision Monday, cited some "ambiguity" about whether the three companies were in fact covered by Trump's order.

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Like China Mobile? The ones the Liberals handed Canadian tax dollars to.

I guess SenatorLoeffler has to pay her vig.

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'Weaponizing financial markets': Trump's rules on China investment spark confusion across global financeNYSE\u0027s flip\u002Dflops on guidance reflect confusion on avoiding fines from January 11 Investment and trade are important in global economies. Relations between nations are important on a great number of levels. Guarding against internal interference from without is the business of every country. A complex problem.
Source: nationalpost - 🏆 10. / 80 Read more »