London Stock Exchange tells members to check for Russia sanctions compliance

London Stock Exchange tells members to check for Russia sanctions compliance

LONDON, Sept 28 (Reuters) – London Stock Exchange Group told market participants on Wednesday not to use its systems for transactions that could breach financial sanctions imposed on Russia following its invasion of Ukraine. “The Exchange reminds member firms that they must conduct their own due diligence and take appropriate measures to ensure that they … Read more

Britain bets all on historic tax cuts and borrowing, investors take fright

Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Register now for FREE unlimited access to Reuters.com Register Alibaba notified of U.S. audit inspection -sources Vetting of U.S.-listed Chinese firms’ audits starts next month Follows landmark U.S.-China audit deal Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd (9988.HK) and other U.S.-listed … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and … Read more

China’s Alibaba strives to keep New York listing amid audit dispute

China’s Alibaba strives to keep New York listing amid audit dispute

The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain … Read more

China’s Alibaba to apply for dual primary listing in Hong Kong

China’s Alibaba to apply for dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing Hong Kong shares jump 5%; move will diversify investor base -CEO Seen boosting mainland China investor access to … Read more

U.S. SEC chief unveils plan to overhaul Wall Street stock trading

U.S. SEC chief unveils plan to overhaul Wall Street stock trading

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) – The top U.S. securities regulator … Read more

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

May 5 (Reuters) – The U.S. Securities and Exchange Commission (SEC) added over 80 firms, including China’s JD.com (9618.HK), to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. On Wednesday, the SEC expanded the list on a provisional lineup under a 2020 … Read more

Didi’s New York woes mask deeper problems

Didi’s New York woes mask deeper problems

Founder and CEO of Didi Kuaidi, Cheng Wei reacts during a session at the World Economic Forum (WEF) in China’s port city Dalian, September 10, 2015. REUTERS/Jason Lee/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 4 (Reuters Breakingviews) – Didi Global’s (DIDI.N) problems are accelerating. The Chinese ride-hailing group … Read more