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US accelerates delisting threat for Chinese firms

  Bloomberg US lawmakers ratcheted up pressure on Chinese companies whose shares list on American stock exchanges to be more transparent with their financial audits. Congress passed legislation to speed up the timeline for kicking companies off the New York Stock Exchange and Nasdaq if Washington regulators can’t fully review their audit work papers. After months of high-stakes drama, the ...

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TC Energy all set to restart Keystone pipeline segment

  Bloomberg TC Energy Corp will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval, the company said on its website. The restart will take several days. TC Energy has been targeting a full return of the pipeline system on December 28 or 29, according to ...

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China’s economy shows rising strain from Covid-19 tsunami

  Bloomberg China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover. Bloomberg’s aggregate index of eight early indicators showed a contraction in activity in December from an already weak pace in November and the outlook is ...

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