News Snapshot:
The New York Stock Exchange said it would delist China’s three big state-run telecommunications companies following an executive order from the Trump administration, in a symbolic severing of longstanding ties between the Chinese business world and Wall Street. The exchange said in a statement late Thursday that it would halt trading in shares of China Mobile, China Unicom and China Telecom by Jan. 11. It cited an executive order issued in November by the Trump administration that barred Americans from investing in companies with ties to the Chinese military. The United States Department of Defense had previously listed the three...
