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The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants. In a late Monday statement, the NYSE said it dropped the plans after "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control." Hong Kong-listed shares of China Telecom, China Mobile and China Unicom rallied after news of the reversal. The announcement comes after the NYSE said on Dec. 31 that it would move to delist American depositary shares of China Telecom, China Mobile and China Unicom. The exchange had originally planned to drop those listings in order to comply...

The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants - a shock reversal of an announcement made only last week and deepening confusion over a U.S. crackdown on firms said to be linked to China's military. The bourse, which had planned to delist the companies before Jan. 11, said in a brief statement it had made the decision "in light of further consultation with relevant regulatory authorities." Hong Kong-traded shares in the state-backed firms, China Mobile (NYSE:CHL) Ltd, China Telecom (NYSE:CHA) Corp Ltd and China Unicom (NYSE:CHU) Hong Kong Ltd, surged following the...

London (CNN Business)The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration — its second about-face on the issue this week.

In a major reversal, the New York Stock Exchange said it no longer intends to delist three Chinese telecom companies that had been targeted by an executive order from President Donald Trump. In a statement late Monday, the NYSE took back its intent to delist China Mobile Ltd. CHL, 8.94%, China Telecom Corp. Ltd. CHA, 9.68% and China Unicom (Hong Kong) Ltd. CHU, 14.00% , which it had announced late on New Year’s Eve. American depository receipts of all three companies had fallen sharply in Monday trading. All three companies are also listed in Hong Kong, where shares of China...

Chinese internet firm Sina Corp. agreed to go private and delist from Nasdaq, twenty years after its landmark U.S. IPO that led to a wave of Chinese companies listing their shares in the United States. Sina’s decision was crystallized after an entity led by its chairman Charles Chao sweetened the acquisition offer to $43.30 a share. New Wave Holdings, the entity making the takeover bid, increased its offer from its initial one in July 2020 of $41 a share. Inglorious End of a Trailblazer Sina was founded in 1998 by a group of software engineers and started out as an...

WASHINGTON—A rising number of Chinese companies are considering delisting from U.S. stock exchanges as Washington increases its crackdown on foreign companies that fail to comply with U.S. audit standards. Chinese online travel giant Ctrip is the latest company reportedly exploring going private. The company has held early-stage talks with a number of investors including private equity firms and tech companies about funding its delisting from Nasdaq, Reuters reported. If the deal goes through, Ctrip would join other companies that are considering delisting from the U.S. exchanges, amid growing tensions between the United States and China. China’s largest online classifieds platform...

An attempt by the Senate to prevent China from using American investments in Chinese firms against the United States might prove to be self-defeating in the long run. Already an epicenter of anti-Chinese communist sentiment, the Senate on May 20 overwhelmingly approved the "Holding Foreign Companies Accountable Act (S. 945)," a bill that might lead to Chinese firms being barred from listing on U.S. stock exchanges. The bill will require foreign companies doing business in the U.S. to certify they’re not controlled by their governments. They will also have to submit to audits by U.S. regulators for three consecutive years....

The Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies listed on U.S. exchanges. The legislation would require the companies to submit to a range of stringent provisions to avoid being booted. First, they must disclose whether they are owned or controlled by a foreign government. Second, and perhaps most intrusively, they would have to comply with audits from the Public Company Accounting Oversight Board (PCAOB) for three years in a row. “We just want Chinese companies to play by the same rules as everybody else,” said Sen. Chris Van Hollen (D-MD) during an appearance...

The U.S. Senate approved legislation Wednesday that would require companies listed on stock exchanges to certify they aren’t under the control of a foreign government.It specifically takes aim at companies based in China that could be working under the influence of the Communist government in Beijing.The news sent shares of Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) tumbling Wednesday. Shares were down another 3% through afternoon trading Thursday.Lawmakers have expressed concern that American money is funding Chinese efforts to dominate fields from artificial intelligence to internet data collection.“I do not want to get into a new Cold War,”...

The China-based search-engine company Baidu is considering delisting its American depositary receipts (ticker: BIDU) from Nasdaq to focus trading in its shares to an exchange closer to its home market, according to a report from Reuters. The development comes amid a growing debate in Washington about the trading and regulation of the shares of China-based companies on U.S. stock exchanges. The Senate this week passed a bill—the Holding Foreign Companies Accountable Act—that would require Chinese companies to prove they aren’t owned or controlled by a foreign government. The bill also would require those companies to submit an audit reviewable by...

BILLINGS, Mont. (AP) — The Obama administration is proposing to lift most remaining federal protections for gray wolves across the Lower 48 states almost four decades after they were added to the endangered species list. An official announcement is scheduled Friday.

National Park Service A grizzly bear sow and three cubs roam inside Yellowstone National Park. CHEYENNE, Wyo. - Interior Secretary Ken Salazar has informed Wyoming Gov. Matt Mead that he shares the governor's desire to end federal protections for Yellowstone grizzly bears. Salazar wrote to Mead late last week, saying he expects the U.S. Fish and Wildlife Service and other agencies will finish their analysis of the effect of the decline of the whitebark pine tree on bear populations by early 2014. Scientists with the U.S. Fish and Wildlife Service and other agencies have been addressing the whitebark pine...

The woes of battery maker Ener1 keep piling on. Following on the heels of its loss on electric car maker Think, the company’s CEO stepping down, and its planned restatement of its earnings, Ener1 has now officially been delisted from the Nasdaq. According to filings, on October 19th, Ener1 received notice from the Nasdaq saying it would be deslisted because Ener1 failed to file its latest financials on a timely basis, and Ener1 “elected not to file an appeal.” The Chief Accounting Officer of Ener1, who is also the Chief Financial Officer of subsidiary EnerDel, Melissa Debes, also resigned on...

Federal Judge Donald Molloy held his nose and upheld a congressional rider Wednesday that removed Endangered Species Act protections from wolves in Idaho and Montana. The ruling will allow wolf hunting seasons set to begin next month to proceed as planned. Molloy, of Missoula, Mont., previously ruled against two federal rules that delisted wolves and scolded Congress Wednesday, saying the so-called wolf rider attached to a federal spending bill last May undermined and disrespected the rule of law. "Inserting environmental policy changes into appropriations bills may be politically expedient, but it transgresses the process envisioned by the Constitution by avoiding...

Gray wolves in Montana and Idaho would be taken off the endangered list under the budget bill pending before Congress, two Western lawmakers said. Inclusion of the language to lift protections for wolves was confirmed by the offices of Montana Democratic Sen. Jon Tester and Idaho Republican Rep. Mike Simpson on Saturday. "It's high time for a predictable, practical law that finally delists Montana's wolves and returns their management to our state — for the sake of our wildlife, our livestock, and for the jobs that rely on them," Tester said in a statement.

BILLINGS, Mont. -- Facing mounting pressure from Congress, wildlife advocates and the U.S. Department of Interior on Friday reached an agreement to lift gray wolf protections in Montana and Idaho and allow hunting of the predators to resume. The settlement agreement - opposed by some environmentalists - is intended to resolve years of litigation that have shielded wolves in the Northern Rockies from hunting, even as the predator's population has sharply expanded.

Tala and Nakai are sister and brother, 5½ weeks old and adorable. The wolf pups from the Colorado Wolf and Wildlife Center in Divide made their first public appearance Thursday, starring in a wildlife exhibition at The Broadmoor, but Darlene Kobobel, their caretaker, is worried this will be an ugly spring for the pups' wild-born brethren. After years of debate, court cases and bureaucratic wrangling, on May 4 the U.S. Fish and Wildlife Service is due to remove gray wolves from the endangered and threatened species list in Idaho, Montana and parts of Utah, Oregon and Washington. Wolves will remain...

The change should be published in the Federal Register next week, Scarlett said. It will formally take effect 30 days after publication. Delisting means wolf management will become a job for state and tribal wildlife agencies instead of the federal Fish and Wildlife Service. There are about 1,500 wolves in the northern Rocky Mountains. That includes about 390 in Montana and 788 in Idaho. Wyoming has about 340 wolves. Montana’s gray wolf may be off the federal threatened and endangered species list next month. “We believe this is a major success story for conservation,” deputy secretary of the Interior Lynn...

Conservationists who oppose the removal of wolves from under federal protection - and who call the delisting unlawful - sought an emergency injunction Thursday to stop the animals' killing. Last month, a coalition of 11 environmental groups sued the U.S. Department of the Interior in an effort to keep gray wolves in the Northern Rockies region on the endangered species list. U.S. Fish and Wildlife Service director H. Dale Hall announced the delisting decision in February, and it took effect March 28, divesting the gray wolf of its Endangered Species Act protections. Without those protections, environmentalists say, the gray wolf...

Bringing the wolves back to the Rockies has been a huge success story. So why are we allowed to gun them down?May. 27, 2008 | In Yellowstone National Park's Lamar Valley, the return of gray wolves has turned the wild canines into celebrities. At dusk, scope-toting wildlife watchers and photographers stake out the valley to observe the crepuscular predators. One of the most popular wolves in the valley, known to wildlife biologists as 253M, won the affectionate nickname Limpy, because of a pronounced limp from an injury. Born to the Druid Peak pack, Limpy was wounded in a fierce fight...