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NYSE

China Mobile eyes $6bn Shanghai listing after flagging NYSE exit
Markets

China Mobile eyes $6bn Shanghai listing after flagging NYSE exit

  • The mainland's largest wireless carrier said on Monday it plans to sell no more than 964.8 million shares, or 4.5% of its total issued shares, publicly on the Shanghai Stock Exchange at an undisclosed price.
  • China Mobile, China Telecom and China Unicom said earlier this month they expect the NYSE to notify regulators of their delistings after an unsuccessful appeal by the companies to revert the move.
Published 17 May, 2021 08:15pm
Futures edge higher ahead of non-farm payrolls data
Markets

Futures edge higher ahead of non-farm payrolls data

  • Futures up: Dow 0.25%, S&P 0.23%, Nasdaq 0.27%.
  • Investors will be looking for hints on monetary policy, as a stronger-than-forecast reading could spur bets that the Federal Reserve will reduce its massive stimulus program.
Published 07 May, 2021 06:05pm
S&P 500, Dow slip as focus turns to tech earnings
Markets

S&P 500, Dow slip as focus turns to tech earnings

  • Kansas City surges on $30 bln bid from Canadian National.
  • Nike falls as Citi moves to sidelines.
  • Tobacco cos fall on report over US plan to limit nicotine.
  • Indexes: Dow down 0.33%, S&P falls 0.15%, Nasdaq up 0.02%.
Published 20 Apr, 2021 08:16pm
NYSE to delist three Chinese telecom firms, reversing course again
Markets

NYSE to delist three Chinese telecom firms, reversing course again

  • The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.
  • Plans to delist the three Chinese firms were prompted by a White House executive order banning US investment in Chinese military-linked companies.
Published 06 Jan, 2021 08:39pm