U.S. House Speaker Kevin McCarthy delivers remarks on the economy at the New York Stock Exchange at 10 a.m. ET on April 17. …
House Speaker McCarthy Delivers Remarks at New York Stock Exchange
U.S. House Speaker Kevin McCarthy delivers remarks on the economy at the New York Stock Exchange at 10 a.m. ET on April 17. …
China Sees Wave of Large Private Companies Broken Up, Listed on Stock Exchanges
Several large Chinese companies have recently been restructured for listing on the stock exchange, with most of them privately owned. Days after Alibaba’s restructuring was announced, Jingdong (JD.com), another Chinese e-commerce platform, announced on March 30 that its sub-companies JD Industrial and JD Production and Development will be spun off and listed on the Hong…
Chinese Stocks Tumble to Multi-Year Lows Due to CCP Congress
After the end of the 20th National Congress of the Communist Party of China (20th NC of CCP) last week, the collective slump in Chinese concept stocks has brought huge returns to investors who shorted the stocks. Traders made a profit of up to 4.4 billion US dollars in short-selling transactions on Oct. 24 and…
5 Chinese State Companies to Delist from NYSE
Five major state-owned Chinese companies are about to delist from the New York Stock Exchange. China’s regulator says it’s by choice, but an ongoing U.S.-China debate may suggest otherwise. Some officials say investment company BlackRock is putting climate issues at the top of its agenda—even above making a profit for U.S. pension funds. Beijing has…
Wall Street Ends Mixed After a Day of Wavering up and Down
Wall Street capped a wobbly day of trading with a mixed finish Monday, giving back some of the market’s gains following a rare winning week. The S&P 500 slipped 0.3 percent after shifting between small gains and losses throughout the day. The Dow Jones Industrial Average slipped 0.2 percent and the Nasdaq fell 0.7 percent. Shares…
China’s Top Oil Gaint Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs
China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…
China’s Top Oil Gaint Reportedly Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs
China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…
NYSE, Nasdaq Halt Trading in Stocks of Russia-Based Companies
NEW YORK—Nasdaq Inc and Intercontinental Exchange Inc’s NYSE have temporarily halted the trading in stocks of Russia-based companies listed on their exchanges, their websites showed. The halts were due to regulatory concerns as the exchanges seek more information following economic sanctions against Russia following its invasion of Ukraine, said sources familiar with the matter. Reporting…
Rising Number of Chinese Companies to Delist from US Exchanges Due to Poor Performance
A rising number of Chinese companies listed on Wall Street are under pressure to be cut off from U.S. capital markets due to poor performance and non-compliance with listing standards. Beijing-based MMTec, Inc. announced on Jan. 28 that it got notification from Nasdaq’s Listings Qualifications Department as its common stock had been trading below $1…
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