U.S.-listed China shares, indexers, fall after delisting reports
Shares of Chinese stocks traded in the United States, along with indexing companies, slumped on Friday after reports the Trump administration was considering delisting Chinese firms from U.S. stock exchanges and limiting U.S. investment in China-based …
Trump considers delisting Chinese firms from U.S. markets: source
President Donald Trump’s administration is considering the possibility of delisting Chinese companies from U.S. stock exchanges, a source briefed on the matter said on Friday, in what would be a radical escalation of trade tensions between the two coun…
Wall Street drops as White House weighs delisting Chinese companies
U.S. stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
Barclays pays $6.3 million to settle U.S. SEC’s Asia-Pacific hiring probe
Barclays has agreed to pay about $6.3 million to settle U.S. charges it violated a federal anti-bribery law by hiring family and friends of foreign officials in the Asia-Pacific region to help win or retain investment banking business.
Cooling U.S. consumer spending underscores risks to economy
U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter.
Austria’s AMS lights up Osram bidding war with new $4.9 billion offer
Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion) on Friday, ratcheting up the pressure on a private equity consortium also vying to buy the German lighting group.
Wells Fargo chooses BNY Mellon’s Scharf as third CEO in three years
Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank, sending its shares up more than 4%. Scharf, who joins the fourth-largest U.S. bank effective next month after a 2-year stint leading Bank of New York Mellon , will become Wells Fargo’s third CEO in as many years.
Fed’s Harker says central bank should ‘hold firm’ on rates
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut because the economy is strong and said he thinks the Fed should “hold firm” on interest rates.
S&P, Nasdaq fall as White House weighs delisting Chinese companies
The S&P and the Nasdaq fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
Oil, shares fall on potential limit on China investments
Crude oil prices and a gauge of global equity markets fell on Friday after a report said the administration of U.S. President Donald Trump was weighing limits on the flow of U.S. portfolio investments into China.
