News Snapshot:
WASHINGTON (REUTERS) - The Trump administration on Thursday (Nov 12) unveiled an executive order prohibiting US investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the US election. The order, which was first reported by Reuters, could impact some of China's biggest companies, including telecoms firms China Telecom, China Mobile and surveillance equipment maker Hikvision. The move is designed to deter US investment firms, pension funds and others from buying and selling shares of 31 Chinese companies that were designated by the Defence Department as backed by the...
