Business
BlackRock sells $200 million China Telecom stake after U.S. ban – Reuters
BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed.
By Reuters Staff
HONG KONG (Reuters) – BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed.
The move comes as U.S. investors scramble to exit stocks subject to the sanctions, which ban Americans from owning companies deemed to have links with Chinas military.
The worlds biggest asset manager sold 818 million shares in China Telecom, one of 44 sanctioned companies, at an average of HK$1.92 each on Tuesday,…
-
General13 hours agoWoman in her 20s dies after dog attack in Western Australia’s north
-
Noosa News22 hours agoDicky Bill salad greens farms enter administration with 180 job cuts just before Christmas
-
General20 hours agoGold Coast warned it faces traffic gridlock without major shift to public transport
-
General23 hours agoAlbanese reached his zenith in 2025, but 2026 could test the limits of Labor’s power