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NYSE to delist Chinese telco giants on US executive order

Bloomberg The New York Stock Exchange (NYSE) said it will delist three Chinese corporations to comply with a US executive order that imposed restrictions on companies identified as affiliated with the Chinese military. China Mobile Ltd., China Telecom Corp Ltd, China Unicom Hong Kong Ltd will be suspended from trading between January 7 and January 11, and proceedings to delist ...

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UAE stocks rise most in Mideast, track global peers

Bloomberg Benchmark indexes in the United Arab Emirates (UAE) climbed the most in the Middle East, tracking global stock rallies on optimism surrounding the rollout of coronavirus vaccines. Indexes in Oman and Israel also rise, while the main gauge in Egypt was unchanged. The Tadawul All Share Index in Riyadh dropped the most in the region, with 20 out of its ...

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Opec+ emerges from chaos of 2020 to face balancing act

Bloomberg As one of the most tumultuous years in oil’s history ends, a delicate task now lies ahead for Opec+. The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without disturbing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which ...

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