Monday, 14 October, 2019

Trump considers the elimination of Chinese companies from United States stock exchanges

U.S. Equity Markets China Stocks Plunge as White House Weighs Investment Curbs
Cecil Little | 30 September, 2019, 03:04

The Trump administration was reportedly considering the possibility of limiting United States investment into the Chinese economy and delisting Chinese companies from U.S. stock exchanges, the US-based media reported earlier.

U.S. West Texas Intermediate (WTI) crude futures rose 28 cents to $56.13 a barrel.

So far this week, Asia Pacific shares outside Japan lost 0.35% after falling 1.65% while Japan's Nikkei fell further by 1.30%, according to broadest index by MSCI.

News of the White House discussions immediately hit shares of Alibaba, JD.com, iQIYI and other major Chinese companies listed in the United States, as well as state-owned firms such as China Mobile and Sinopec.

The markets did not react well to this news and the main U.S. stock indexes have seen losses.


On trade issues, news headlines were too mixed for investors to show a clear reaction.

The news comes at a sensitive time for US-China relations, as the two countries get ready for a possible resolution of their months-long trade dispute in talks set to be held in Washington on October 10, with the Chinese delegation to be led by Vice Premier Liu He.

For the movie trade, China is the highest worldwide field workplace, with roughly $eight billion in ticket gross sales.

Trade tensions between the United States and China do not seem to come to an end.

The damage is already evident as Micron Technology Inc, a major Huawei supplier, forecast first-quarter profit below Wall Street targets, pushing its share prices down 7% in after-hours trade.


China says it can not allow its companies to submit to oversight by PCOAB because of rules prohibiting the storage, processing or transfer of any material considered to be state secrets or national security matters.

Still, the Commerce Department reports likely do not signal a recession is looming as consumer spending remains supported by solid income growth thanks to the lowest unemployment rate in almost 50 years and massive savings. After its fall to the lowest on May 12, 2017, to $1.0904 euro stood at $1.0922 and after climbing to 107.96 on Thursday the dollar traded at 107.67 yen.

The Mexican peso weakened to a 2-1/2-week low of 19.680 to the dollar after Mexico's central bank cut its key interest rate on Thursday, with more cuts seen on the horizon.

The move would be part of a larger effort with two main reasons behind it.

Brent crude futures fell 27 cents, or 0.4%, to $62.47 a barrel.


Recommended

  • Goldberg: Ukraine-Biden whistleblower affair shows what Team Trump thinks of us

    Goldberg: Ukraine-Biden whistleblower affair shows what Team Trump thinks of us

    The partial transcript revealed that Trump asked Zelensky to work with Attorney General Bill Barr to "get to the bottom of it". It is the stated national security goal of the U.S.to support Ukraine in this war.
    Dolphins vs. Cowboys: How to watch, stream, listen

    Dolphins vs. Cowboys: How to watch, stream, listen

    Despite all the statistical evidence persecuting the Dolphins, Ezekiel Elliot knows the Cowboys can't take the team lightly. Fitzpatrick arrived in Pittsburgh on Tuesday, having been traded from the Miami Dolphins following a Week 2 trade request.
    Cam Newton Injury: Panthers QB's Status Revealed for Week 3

    Cam Newton Injury: Panthers QB's Status Revealed for Week 3

    Exhausted of questions about Newton's injury, Rivera walked out in the middle of his daily press conference earlier this week. Newton did not practice during the week after re-injuring his foot during the Panthers' loss to Tampa Bay during Week 2.
  • Demi Moore Opens Up About Her Sexual Harassment

    Demi Moore Opens Up About Her Sexual Harassment

    In a separate interview with Ellen DeGeneres airing Tuesday, Moore said that she talked to Kutcher before the book's release. According to Demi Moore's new memoir, Inside Out, she's had intimate relations with two of the stars of Two and a Half Men .
    John Giles sees Fernandinho

    John Giles sees Fernandinho "blessing in disguise" amid Man City injury crisis

    Shakhtar Donetsk vs Man City Group C clash will be played on late September 18 (Wednesday) night. 'He's quality. Júnior Moraes has scored seven in his last six appearances, games in which time Marlos has snaffled five.
    Heavy rains lash Houston ahead of Modi visit

    Heavy rains lash Houston ahead of Modi visit

    Gabbard said on Thursday, 'I am happy that Howdy Modi is bringing Indian Americans and Hindu Americans from all over the country. Modi and Trump are expected to meet in NY on September 24 for their third standalone meeting this year.
  • House Speaker Nancy Pelosi to make announcement amid impeachment calls

    House Speaker Nancy Pelosi to make announcement amid impeachment calls

    He "did not make a statement that you have to do this or I'm not going to give you aid", he told reporters. As Pelosi was speaking, Trump dismissed the move by Democrats as "witch hunt garbage".
    Trump denounces 'partisan' whistleblower but says ID unknown

    Trump denounces 'partisan' whistleblower but says ID unknown

    The complaint did indeed involve Trump, according to new reports, and a promise that he made to the leader of a foreign country. Ukraine's prosecutor general told Bloomberg in May he had no proof of wrongdoing by Biden or his son.
    Amnesty says Hong Kong police using excessive force

    Amnesty says Hong Kong police using excessive force

    Hong Kong's protests were sparked by a now-abandoned plan to allow extraditions to the authoritarian Chinese mainland. She accused police of continuing to beat her even after she was put in restraints, according to the group .
  • Acting Director of National Intelligence Testifies

    Acting Director of National Intelligence Testifies

    Despite their flurry of blows, they didn't land a single punch on Director Maguire. House Democrats have criticized Maguire for withholding the complaint for weeks.
    A look at where the US-China tariff war stands

    A look at where the US-China tariff war stands

    In the August meeting between the two leaders, Trump said Japan would buy all surplus corn that would have been sold to China. However, numerous products gaining new access will still face tariffs that phase out over several years.
    Premier League trio finalists for FIFA Coach of the Year

    Premier League trio finalists for FIFA Coach of the Year

    Luka Modric , who won the award a year ago after leading Croatia to the World Cup final, did not make the 10-man shortlist. The announcement of the final three in each category including best coach and best goalkeeper was made Monday at San Siro.

Legendary film director, Netflix unveil ambitious new movie The Irishman Legendary film director, Netflix unveil ambitious new movie The Irishman Failing that, a lot of viewers who see it on Netflix, on which it debuts November 27, are going to fall asleep in the middle. The Irishman hits select theatres on November 1st, and will be available to stream on Netflix from November 27th.

Giuliani ‘would only help impeachment probe with Trump’s permission’ Giuliani ‘would only help impeachment probe with Trump’s permission’ Giuliani has said the State Department helped arrange meetings with aides to Zelenskiy, posting a copy of a text message from a USA diplomat on Twitter.

McDonald's Introduces Their Own Plant-Based Burger McDonald's Introduces Their Own Plant-Based Burger To replicate the taste of beef, Impossible Foods engineered an ingredient that makes the veggie patty look bloody. The pilot will help the company understand if their customers do, in fact, want a Beyond Meat option.

Prince Harry Recreates Princess Diana's Walk Through Minefield in Angola Prince Harry Recreates Princess Diana's Walk Through Minefield in Angola Diana, Princess of Wales wearing a bombproof visor during her 1997 visit to a minefield in Huambo, in Angola. And echoing his mother, loud and clear, Prince Harry detonated a recently detected mine.

Pakistan PM warns of 'bloodbath' in Kashmir, India's Modi silent Pakistan PM warns of 'bloodbath' in Kashmir, India's Modi silent India and Pakistan , which have fought two of their three wars over Kashmir, have been locked in a worsening standoff since then. On Thursday, dozens of Kashmiris protested in Srinagar against Indian rule, chanting "Go India, go back" and "We want freedom".

Iran to Ratify Additional Protocol If US Congress Endorses JCPOA: Rouhani Iran to Ratify Additional Protocol If US Congress Endorses JCPOA: Rouhani The leaders of Germany and Japan also held meetings with Rohani and Trump at the United Nations , urging them to meet. Iran distanced itself from the attacks but said it was ready for "full-fledged" war.

Echo Flex is an cheap way to put Alexa in any outlet Echo Flex is an cheap  way to put Alexa in any outlet The one way that Echo Frames will stand apart is that Amazon's seemingly going to make it easier to get prescription lenses. The latest version of Amazon's Echo smart speaker improves the device's sound quality without increasing its $99 price tag.

Rex Ryan calls Giants’ Daniel Jones the ‘best quarterback in New York’ Rex Ryan calls Giants’ Daniel Jones the ‘best quarterback in New York’ Matt Gay missed two extra points and a game-winning field goal in Sunday in Tampa Bay's loss to the New York Giants . Wayne Gallman is going to take over for Barkley, who had 10 rushes for career-low 8 yards before being hurt.

Demi Moore documents sexual assault at age 15 Demi Moore documents sexual assault at age 15 Moore's mother used to take her then-15-year-old daughter to bars so men would pay attention to them, according to the interview. After one particular night out, Moore returned home to find an older man who had a key to their home.

Sergio Aguero & Man City Set New Records After 8-0 Mauling Sergio Aguero & Man City Set New Records After 8-0 Mauling We made a lot of mistakes. "They came to the stadium waiting for a performance, but it was very hard on the pitch today". We can lose the games but the important thing is the approach and the way you react as a team".

TD Garden to host top tennis stars in 2020 Laver Cup TD Garden to host top tennis stars in 2020 Laver Cup And on my end of the year, I really believe and hope that this problem will not change my personal calendar or my personal goals". Fritz had earlier put Team World to within touching distance of a shock success with a 7-5, 6-7 (3/7), 10-5 win over Thiem.

Climate activist Greta Thunberg tells off world leaders Climate activist Greta Thunberg tells off world leaders Let us open it with our determination to cultivate integral human development, to ensure a better life for future generations. But he did, later, after Thunberg had concluded her remarks. "You come to us young people for hope".

Sask. Ministry of Health watching for vaping-related illness Sask. Ministry of Health watching for vaping-related illness Two thirds (67%) of cases in this investigation are people 18 to 34 years old, and 16% are younger than 18 years old. The FDA said it's gathered more than 150 vaping product samples for forensic analysis, according to USA Today .

Snoop Dogg Urges Steelers To Sign Colin Kaepernick After Ben Roethlisberger's Injury Snoop Dogg Urges Steelers To Sign Colin Kaepernick After Ben Roethlisberger's Injury It was 2013 and the Steelers actually lost four in a row to start the year before finishing 8-8 and missing the playoffs. Big Ben signed a two-year, $68-million extension in April that will keep him with Pittsburgh through the 2021 season .

New England Patriots release Antonio Brown after 11 days New England Patriots release Antonio Brown after 11 days He played in one game for the Patriots amid the allegations against him before the team released him after just 11 days. Antonio Brown is no longer a Patriot , but that doesn't mean the saga between the two parties is over.