{"id":148548,"date":"2021-01-06T20:20:58","date_gmt":"2021-01-06T17:20:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nyse-flipflops-again-on-plan-to-delist-chinese-telecom-giants\/"},"modified":"2021-01-06T20:20:58","modified_gmt":"2021-01-06T17:20:58","slug":"nyse-flipflops-again-on-plan-to-delist-chinese-telecom-giants","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nyse-flipflops-again-on-plan-to-delist-chinese-telecom-giants\/","title":{"rendered":"#NYSE flipflops again on plan to delist Chinese telecom giants"},"content":{"rendered":"

“#NYSE flipflops again on plan to delist Chinese telecom giants<\/strong>”
\n<\/p>\n

\n

The New York Stock Exchange is reversing course on its own course reversal and will delist three Chinese telecommunications companies after being pressured by outgoing Treasury Secretary Steven Mnuchin.<\/p>\n

After announcing on New Year\u2019s Eve that it would honor President Trump\u2019s executive order banning Americans from putting their money in stocks tied to the Chinese military by delisting three Chinese telecom stocks, the exchange changed its mind on Monday vaguely citing that it had received new regulatory guidance against the delistings.<\/p>\n

But on Wednesday, NYSE announced that it had doubled back on its decision and will in fact remove the stocks of state-owned phone carriers China Telecom, China Mobile and China Unicom at the closing bell.\u00a0<\/p>\n

The double change of heart comes after a Tuesday report from Bloomberg that Mnuchin called NYSE president Stacey Cunningham personally to voice his displeasure with the decision to\u00a0 halt the suspensions.\u00a0<\/p>\n

NYSE\u2019s latest decision was communicated via a terse press release and a spokesperson for the exchange told The Post it will not be commenting further on the matter.<\/p>\n

The bizarre double u-turn will not sit well with Chinese officials. On Monday, a spokesman for the Chinese foreign ministry accused American political forces<\/a> of \u201cwantonly suppressing foreign companies\u201d listed on US exchanges.<\/p>\n

NYSE\u2019s 360 spin also comes the morning after the exchange\u2019s owner, International Continental Exchange chief Jeffrey Sprecher, saw his wife Sen. Kelly Loeffler, lose her special election bid to Democrat Raphael Warnock.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#NYSE flipflops again on plan to delist Chinese telecom giants” The New York Stock Exchange is reversing course on its own course reversal and will delist three Chinese telecommunications companies after being pressured by outgoing Treasury Secretary Steven Mnuchin. After announcing on New Year\u2019s Eve that it would honor President Trump\u2019s executive order banning Americans…<\/p>\n","protected":false},"author":1,"featured_media":148549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/03\/dow-bounce-fizzles.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[88638,4973,71278,70934,74672,70359],"class_list":["post-148548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-6-21","tag-china","tag-nyse","tag-regulation","tag-steven-mnuchin","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/148548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=148548"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/148548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/148549"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=148548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=148548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=148548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}