News Snapshot:
Stock exchange says companies are ‘no longer suitable for listing’, in move condemned by Beijing. The New York Stock Exchange (NYSE) has said it will delist three Chinese telecommunications firms because of their alleged links to the Chinese military. China Telecom, China Mobile and China Unicom Hong Kong will be suspended from trading in early January, while delisting proceedings are initiated, according to a statement released by the stock exchange . The NYSE said that it had decided that the companies were “no longer suitable for listing†and was taking action to comply with an executive order signed by President...
