U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
The New York Stock Exchange changed its stance for the second time and announced that it will revert to its initial plan of delisting three Chinese telecom companies. The new decision came out just two days after revealing it will no longer remove shares of China Mobile, China Unicom, and China Telecom from the Big Board.
NYSE’s reason for implementing the initial decision
BBC News reported that the NYSE is now pushing through with the delisting of the said telecommunication firms. This second reversal came after the US Treasury Secretary Steve Mnuchin objected to the idea of halting the pull out of the Chinese companies. He raised his opposition a day after the announcement.
Moreover, it was said that the new decision was based on the “new specific guidance that was received by the NYSE from the Department of Treasury’s Office of Foreign Assets Control on Jan. 5, 2021. Part of the note stated that “The issuers have a right to a review of this determination.”
With NYSE reverting back to its original announcement of delisting the Chinese telecom companies, senator Marco Rubio praised the stock exchange.
"After an intense pressure campaign from those of us who believe we should prioritize the interests of American workers and mom and pop investors above Beijing and Wall Street, I am pleased that the NYSE decided to reverse their earlier announcement," he said.
The first delisting announcements
The New York Stock Exchange stated on Jan. 6 that it would proceed and delist the three mentioned Chinese firms. But prior to this, it was announced on Monday that it had revoked the very first plan to cut the telecoms.
It was explained at that time that they made the decision in compliance with Donald Trump’s executive order that prohibits American companies and individuals from investing in companies that may be supporting the Chinese military, CNBC News reported. The president stated that he implemented this EO for the security of the country.
Meanwhile, it was observed that stocks of the three mentioned Chinese telcos have plummeted after the initial announcement to delist them. The numbers went back up again after the NYSE backpedaled and said it will not proceed with the plan. Now, with the new decision, then it can be assumed that the trio’s stocks will slide down again.
