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On March 29th, Fox News released a poll showing that nearly two-thirds of American voters surveyed are dissatisfied with President Trumps administration, the highest disapproval rate during his two terms. The conservative media outlets poll of 1,001 registered voters showed a 59% disapproval rate for Trump, an 8-point increase from a year ago, marking not only the highest disapproval rate since the start of his second term but also surpassing the record set during his first term; the approval rating, however, fell from 49% a year ago to 41%. The poll randomly sampled respondents from the U.S. voter registration list. Among Republican supporters, Trumps approval rating was 84%, down 8 percentage points from the same period last year, the lowest since the start of his second term. His disapproval rates among Democratic voters and independent voters reached 95% and 75%, respectively.Ukrainian President Zelensky: I have arrived in Jordan for an “important meeting”.On March 29th, amidst the global energy crisis and soaring fuel prices, Egyptian Prime Minister Madbouly announced on the 28th a series of energy-saving measures to cope with the impact. Egypt will slow down the implementation of large-scale national projects involving high gasoline and diesel consumption for at least two months, while reducing fuel rations for all government vehicles by 30%. Madbouly also stated that, except for the service and manufacturing sectors, Egypts public and private sectors will implement remote work every Sunday in April, the first working day of each week. Given Egypts heavy reliance on energy imports, the government had previously raised fuel prices and public transportation fares to cope with global energy market volatility.March 29th - According to disclosures by the Hong Kong Stock Exchange, Manycore Tech Inc., a space intelligence unicorn company, updated its post-hearing information set, signifying that the company has successfully passed the Hong Kong Stock Exchanges listing hearing. JPMorgan Chase and CCB International are the joint sponsors for this IPO. If the listing is successfully completed, Manycore Tech will become the "worlds first listed space intelligence company," and also the first of the "Six Little Dragons of Hangzhou" to complete an IPO.March 29th - Starting today (March 29th), many European countries have begun observing daylight saving time, meaning that trading hours in European financial markets will be one hour earlier than during winter time. Specifically, starting next Monday, European stock trading hours will be 15:00-23:30 Beijing time. The release times of economic data from various European countries will also be one hour earlier than during winter time. Please take note.

Alibaba intends to keep listings in New York and Hong Kong

Aria Thomas

Aug 01, 2022 10:44

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Alibaba (NYSE:BABA) Group Holding Ltd said that it would attempt to maintain its New York and Hong Kong stock exchange listings after U.S. authorities placed the Chinese e-commerce behemoth on a delisting watchlist.


On Friday, the company joined more than 270 others on the U.S. Securities and Exchange Commission's list of Chinese firms that might be delisted for failing to meet auditing requirements.


The Holding Foreign Firms Accountable Act (HFCAA) intends to settle a long-running dispute over the auditing compliance of Chinese companies listed on U.S. stock exchanges.


Alibaba said on Monday that it is presently in its first "non-inspection" year since being placed to the list.


"Alibaba will continue to monitor market trends, adhere to applicable laws and regulations, and endeavor to maintain its listing status on both the New York Stock Exchange and the Hong Kong Stock Exchange," the business said in a statement to the Hong Kong exchange.


Alibaba, founded by billionaire Jack Ma, revealed last week its desire to convert its secondary listing in Hong Kong to a dual primary listing, making it easier for mainland Chinese investors to acquire its shares.


U.S. authorities have sought unrestricted access to audit operating papers of Chinese enterprises domiciled in China that are listed on the New York Stock Exchange.