EUR/USD 1.19135
0.777%
Gold 5075.41
2.466%
Oil 64.197
1.415%
USD/JPY 155.892
-0.766%
GBP/USD 1.36942
0.558%
GBP/JPY 213.487
-0.211%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserves Bostic: Im starting to see people questioning their confidence in the dollar.February 10th - Mexicos decision to halt all oil shipments to Cuba has dealt a heavy blow to the fuel-poor nation, marking its first month without oil imports in a decade. Mexican President Sinbaum confirmed on Monday that oil shipments have been "suspended" due to Trumps threat to impose tariffs on any country selling or supplying oil to Cuba. Because Cuba is not disclosing relevant information, it is currently difficult to estimate how long the supply of motor vehicle fuel can be sustained. In a rare statement in 2024, a government official indicated that the island nation of approximately 10 million people needs about 8,200 barrels of gasoline per day, but under sanctions and blockades, this demand can barely be met.February 10th - According to the Daily Telegraph, investors are significantly reducing their positions in UK bonds as the City of London prepares for a potential Labour leadership shift. Mizuho Securities stated that it has lost "confidence" in UK government bonds due to a clear indication of brewing uncertainty surrounding a new leadership. Matt Amis, Chief Investment Officer at Aberdeen Asset Management, said the asset management giant has also reduced its exposure due to concerns that any successor to Sir Keir Starmer could lead to a policy shift to the left. On Monday, borrowing costs for 10-year government bonds surged to 4.6% after Scottish Labour leader Anas Sarwar called for the Prime Ministers resignation. While yields fell back to around 4.53% after cabinet members publicly expressed their support for the Prime Minister, borrowing costs remained high throughout the day.Federal Reserve Governor Milan: It makes sense to use the Federal Reserves balance sheet during difficult times.Bank of England Monetary Policy Committee member Mann: Brexit continues to drag down the UK economy, with concerns about slow growth in consumption and productivity.

More Than 80 Companies, Including China's JD.com, Added in U.S. SEC List, At Risk of Delisting

Haiden Holmes

May 05, 2022 10:16

J2.png


The Securities and Exchange Commission of the United States added over 80 corporations to its list of organizations facing probable expulsion from American exchanges, including China's JD.com, Pinduoduo (NASDAQ:PDD) Inc, Bilibili (NASDAQ:BILI) Inc, and NetEase (NASDAQ:NTES) Inc.


The SEC enlarged the list on Wednesday, including Chinese businesses listed in the United States, as part of a preliminary lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.


The act, which was signed into law by then-President Donald Trump, seeks to bar foreign-jurisdiction corporations from US stock exchanges if they fail to adhere to American auditing standards for three consecutive years.


Among the other significant Chinese companies added to the SEC's list were JinkoSolar Holding Co Ltd (NYSE:JKS), NIO Inc, and China Petroleum (NYSE:SNP) & Chemical Corp.


According to Reuters, Chinese regulators last month requested that some of the country's US-listed companies, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), and JD.com, submit additional audit disclosures.


China also proposed revising confidentiality rules for offshore listings in early April, removing a legal impediment to Sino-US audit cooperation and putting the onus on Chinese firms to protect state secrets.


The development comes after a US watchdog stated in March that it was continuing to engage with Chinese regulators on access to their auditors' records, but it remained unclear whether the Chinese government would allow the access necessary by a new US listing law.

Suggestion