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US commission’s urgent plan may delist Chinese companies

Bloomberg The US Securities and Exchange Commission (SEC) is pushing ahead with a plan that threatens to kick Chinese companies off US stock exchanges, setting up a late clash between Washington and Beijing as the Trump administration winds down. By the end of this year, the SEC intends to propose a regulation that would lead to the delisting of companies ...

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India’s Modi seeks funding for smarter cities post pandemic

Bloomberg Prime Minister Narendra Modi is keen to attract foreign investment to modernise India’s urban centers as the world’s second-most-populous nation rebuilds its economy after the coronavirus pandemic halted activity. Covid-19 has given governments the chance to accelerate the “process of making cities more livable for people,” Modi said in his speech at the Bloomberg New Economy Forum. “We are ...

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Surging South Korean won sparks alarm over exports

Bloomberg The South Korean won’s rally faces resistance as it tests 1,100 versus the dollar, a level that some economists see as a red line for the nation’s export competitiveness. Warnings from authorities are becoming forceful as the won quickly approaches this level. It retreated from around 1,105 after a finance ministry official described recent currency moves as excessive and ...

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