U.S. President Joe Biden holds first phone call with China’s President Xi Jinping amid tense relations

U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first telephone call as leaders, with Biden saying a free and open Indo-Pacific was a priority and Xi warning confrontation would be a ‘disaster’ for both nations. Biden also underscored his “fundamental concerns about Beijing’s coercive and unfair practices, its crackdown in Hong… Read More U.S. President Joe Biden holds first phone call with China’s President Xi Jinping amid tense relations

New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective January 11, marks the third… Read More New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office. The move is aimed at curbing the threat to Americans posed by Chinese software applications,… Read More U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

New York Stock Exchange reverts on delisting of three Chinese telecom companies

The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock reversal of an announcement made only last week. The exchange said in a statement it had made the decision “in light of further consultation with… Read More New York Stock Exchange reverts on delisting of three Chinese telecom companies

New York Stock Exchange begins process of delisting three Chinese telecom companies

The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military. The move here by the NYSE, which will limit U.S. investor access, follows global index providers MSCI… Read More New York Stock Exchange begins process of delisting three Chinese telecom companies

U.S. government appeals order blocking restrictions on TikTok

The U.S. government on Monday appealed a federal judge’s order that blocked the Commerce Department from imposing restrictions on Chinese-owned short video-sharing app TikTok that would have effectively barred its use in the United States. President Donald Trump’s administration has cited national security concerns in its targeting of TikTok, arguing that the personal data of… Read More U.S. government appeals order blocking restrictions on TikTok

U.S. grants ByteDance seven-day extension on sale order of TikTok

The Trump administration on Wednesday granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok short video-sharing app, according to a court filing. The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on… Read More U.S. grants ByteDance seven-day extension on sale order of TikTok

U.S. grants ByteDance 15-day extension on TikTok divestiture order

The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday. TikTok said it now has until November 27 to reach an agreement. ByteDance has been in talks for a… Read More U.S. grants ByteDance 15-day extension on TikTok divestiture order