torsdag 7. januar 2021

NYSE in a spin over Chinese telecoms delistings

The New York Stock Exchange (NYSE) said it will delist three Chinese telecom companies after an earlier reversal of the decision. The NYSE first announced it would delist China Mobile, China Telecom and China Unicom last week, following a Trump administration executive order. It then reversed that decision this week, suggesting the order didn't require it to delist the companies. Now, in a second about-face, the NYSE will delist the companies after all. The second reversal comes a day after the US Treasury Secretary Steve Mnuchin reportedly raised objections to the NYSE's earlier reversal.