On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
restrictions
Nasdaq to heighten IPO listing transparency, place minimum value on size of IPO
According to sources familiar with the matter at hand, Nasdaq Inc is set to unveil stricter regulations on initial public offerings (IPOs). The move is aimed at bringing increased transparency, especially for some Chinese companies, who want to debut on… Read More ›
Select business operations can resume from May 4: Malaysian Prime Minister Muhyiddin Yassin
On Friday, Malaysian Prime Minister Muhyiddin Yassin announced that business operations can resume from May 4. The development partially eases lockdown restrictions that were imposed to contain the spread of the Wuhan coronavirus. During a televised address, Muhyiddin said Malaysia… Read More ›
JPMorgan Chase & Co to unveil climate initiatives at Investors Day today
On Tuesday, executives from JPMorgan Chase & Co plan on announcing new climate-change initiatives, which includes restrictions on drilling in the artic and financing coal mining projects along with a $200 billion target to provide financing for sustainable projects. JPMorgan… Read More ›
Financial sector optimistic on U.S.-China Phase 1 trade deal
Under the recent Phase 1 U.S.-China trade deal, China has agreed to expedite by nine months a previous December 2020 deadline for removing foreign ownership caps on securities firms, which includes investment banking, underwriting and brokerage operations. The Phase 1… Read More ›
China eases restrictions on gold imports
China’s central bank had previously imposed restrictions on quotas used to import gold into the country by commercial bank, which are mainly responsible for gold entering into the country. This was part of measures to stop the flow of capital… Read More ›
Samsung asks partners to stockpile Japanese electronic components
Samsung has assured its partners that it would shoulder the burden of stocking these additional components. According to a source familiar with the matter at hand, Samsung Electronics has urged its local partners to stockpile more Japanese components in the… Read More ›
Bipartisan bill introduced in U.S. Congress targeting Huawei Technologies Co Ltd
The bipartisan legislation essentially boils down to Senator Tom Cotton’s notion that “American companies shouldn’t be in the business of selling our enemies the tools they’ll use to spy on Americans”. In a significant development, members of the U.S. Senate… Read More ›
United Airlines to resume daily non-stop flights from India to the U.S. from September 6
Pakistan had imposed a flight ban on its airspace following Indian strikes on terror camps in its territory. Pakistan has now issued a NOTAM lifting that restriction. On Wednesday, United Airlines Holdings Inc stated, it would restart its daily nonstop… Read More ›
EU to impose import restrictions on steel
The development comes in the wake of U.S. President Donald Trump’s imposition of metals tariffs on the bloc. On Friday, according to a filing in the European Union’s official journal, the EU is set to impose import limits on steel… Read More ›