NYSE


China’s stock exchange plan to lure overseas-listed firms home 

China’s stock exchange plan to lure overseas-listed firms home 

Beijing is working on setting up a stock exchange that would attract Chinese firms listed in offshore markets such as Hong Kong and the United States.As well as bolstering the global status of its onshore share markets, the government hopes the initiative would also lure marquee global firms such as …

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Shanghai close to overtaking London as world’s second finance centre 

Shanghai close to overtaking London as world’s second finance centre 

New York has retained its position as the world’s top financial centre while London looks to be losing its grip on the second place it has held for some time – with several Asian centres just behind the UK capital.The latest Global Financial Centres Index (GFCI) shows London clinging on …

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'London’s post-Brexit rivals should be Singapore and New York'  

'London’s post-Brexit rivals should be Singapore and New York'  

London's post-Brexit financial services industry must look to compete more with Singapore and New York rather than with leading EU centres, the head of British bank Barclays has said."I think what London needs to be focused on is not Frankfurt or Paris, it needs to be focused on New York …

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Roblox stock market listing halted over SEC revenues probe 

Roblox stock market listing halted over SEC revenues probe 

Roblox Corp has postponed plans to go public because of the US Securities and Exchange Commission's scrutiny of how the video game platform recognises revenue in its finances. The delay is a setback for one of the most eagerly-anticipated US public market debuts of 2021. The company had said in …

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Chinese telecom firms request another NYSE delisting reversal

Chinese telecom firms request another NYSE delisting reversal

(ATF) China Mobile, China Telecom and China Unicom have made an apparently coordinated request to the New York Stock Exchange (NYSE) to reverse an earlier decision to delist their shares, providing yet another twist to a confusing saga for investors. The NYSE – after a series of bizarre policy reversals …

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Investors resigned to Biden sticking with Trump's China blacklist 

Investors resigned to Biden sticking with Trump's China blacklist 

Financial executives are settling in for the long haul over the Trump administration's investment ban on Chinese securities, expecting the rules to be lasting but hoping to have more clarity after President-elect Joe Biden takes office. Trump's executive order requires US investors to completely divest from the securities of 44 …

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China telecoms lose billions after MSCI, FTSE Russell confirm cuts

China telecoms lose billions as MSCI, FTSE Russell confirm cuts

(ATF) Global index providers MSCI and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a US investment ban, slashing their share prices in trading on Friday.The deletions add to the companies already cut from world indexes because of the ban and require …

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NYSE China delisting fiasco shows risk to exchanges, index providers

NYSE delisting fiasco shows risk to exchanges, index providers

(ATF) The New York Stock Exchange (NYSE) confirmed on Wednesday January 6 that delisting of three Chinese telecom firms will go ahead on January 11 – after it announced plans to remove the firms, reversed course temporarily, then finally reverted to its initial decision.The fiasco has highlighted the challenges faced …

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China’s telecoms big three see shares plunge over NYSE delisting move 

China’s telecoms big three see shares plunge over NYSE delisting move 

Shares in China's three biggest telecoms companies fell by as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would delist the firms in a move China branded “unwise” and oppressive.By the close of trade, the shares had …

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NYSE starts process of delisting three Chinese telecoms companies

NYSE starts process of delisting three Chinese telecoms companies

(Reuters) The New York Stock Exchange is starting the process of delisting securities of three Chinese telecoms companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military.The move by the NYSE, which will limit U.S. investor access, follows …

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