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The New York Stock Exchange reverses course, Nintendo acquires a game studio and an Indian electronics and lifestyle startup raises $100 million. This is your Daily Crunch for January 5, 2021. | | | |
The New York Stock Exchange is reversing a recent decision to delist China’s three major telecom operators — China Mobile, China Unicom and China Telecom — which was supposed to be part of a Trump administration policy to block investment in companies that supply and support China’s military. The exchange said the reversal is taking place "in light of further consultation with relevant regulatory authorities,” and that shares will be traded while NYSE officials evaluate how the executive order applies. If the delisting does occur, it would be largely symbolic, since only a small percentage of the telecoms’ total shares are traded in New York. Read more | | Image Credits: Spencer Platt / Getty Images | | |
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| Image Credits: Billie | | |
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| Image Credits: Bronte Wittpenn/Bloomberg / Getty Images | | |
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