Trump administration considering delisting U.S.-listed Chinese firms: report
The Trump administration is considering delisting Chinese firms from U.S. stock exchanges, according a Bloomberg report on Friday, sending shares of those companies sharply lower.
U.S. eyeing possibility of delisting Chinese firms from U.S. exchanges: source
The U.S. government is considering the possibility of delisting Chinese companies from U.S. exchanges, a source briefed on the matter said, in what would be an escalation of trade tensions between the U.S. and China.
Fiat Chrysler to pay $40 million over inflated sales figures: SEC
Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).
Cyclical shares key to determining endurance of U.S. stock rally
Improved economic sentiment in recent weeks has lifted shares of U.S. financial, energy, industrial and materials companies, but analysts are sharply divided on whether that optimism is warranted.
Launch of Facebook’s Libra could be delayed over regulatory concerns: executive
The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters.
After WeWork debacle, IPO market slams brakes on unprofitable companies
Companies making their debut on the U.S. stock market are getting a rough welcome, especially if they are losing money, casting a shadow over the calendar for initial public offerings for the rest of the year.
ECB’s Lane plays down divisions after top skeptic quits board
The European Central Bank’s chief economist Philip Lane played down divisions at the institution on Friday after the shock resignation of a fellow board member earlier in the week in contrast with the ECB’s ultra-aggressive stimulus policy.
Nestle, P&G say they will miss 2020 deforestation goals
The world’s two largest consumer goods companies, Nestle SA and Procter & Gamble Co , have acknowledged they will fall short of goals to use only those ingredients that do not contribute to deforestation in their products by 2020.
Mylan to pay $30 million U.S. SEC fine related to EpiPen overcharge probe
Mylan NV has agreed to pay a $30 million fine to settle U.S. Securities and Exchange Commission charges it hid from investors the impact of a federal probe into the drugmaker’s overbilling the government for its EpiPen allergy treatment.
Oil prices head for weekly loss as supply fears wane
Oil prices fell on Friday and were heading for a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.
