Business
U-turn: New York exchange scraps China telecoms delisting plan – Aljazeera.com
Trump has barred US investments in Chinese firms with military ties as relations between the two countries worsen.
The New York Stock Exchange (NYSE) says it no longer intends to move forwards with the delisting of China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd.
The NYSEs move is a significant reversal of its decision that followed US President Donald Trumps executive order barring investments by US entities in Chinese firms with military ties. The NYSEs initial decision had threatened to worsen already tense relations between the two superpowers.
It was the first time an American exchange…
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