Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Trump expected to sign bill that could delist Chinese companies, White House says

12/03/2020 | 06:28am EST
FILE PHOTO: U.S. President Trump speaks to reporters at the White House in Washington

WASHINGTON (Reuters) - U.S President Donald Trump is expected to sign a bill that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards, the White House said on Wednesday.

The bill, which passed the Senate earlier this year and was approved by the House of Representatives on Wednesday, could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd..

If signed into law, the measure would give Chinese companies listed on U.S. exchanges three years to comply with U.S. auditing rules before being removed from U.S. markets.

(Reporting by Alexandra Alper and Patricia Zengerle; Editing by Leslie Adler)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.20% 55.83 Delayed Quote.7.08%
PETROCHINA COMPANY LIMITED -3.16% 2.45 End-of-day quote.2.08%
PINDUODUO INC. -1.80% 177.1484 Delayed Quote.1.55%
WTI -0.67% 52.48 Delayed Quote.8.49%
Latest news "Economy & Forex"
11:16aCYNERGISTEK : Reports an Uplift in Professional Services from Organizations Who Delayed Cybersecurity Plans Due to Covid-19
BU
11:11aEU looks to Tesla, BMW and others to charge $3.5 billion battery project
RE
11:00aStocks rise on earnings boost; U.S. Treasury yields lower
RE
10:57aNFL : Washington hire King as league's first Black woman assistant coach
RE
10:55aChampagne loses its fizz as pandemic hits sales
RE
10:52aGOVERNMENT OF ROMANIA : Press statements by Prime Minister Florin Cîţu
PU
10:45aIMF cuts Britain's 2021 growth outlook after COVID surge
RE
10:38aDollar retreats as riskier currencies rebound
RE
10:36aU S TRAVEL ASSOCIATION : .S. Travel Praises Confirmation of Treasry Secretary Yellen
PU
10:36aCorrection to Consumer Confidence Article
DJ
Latest news "Economy & Forex"