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The outgoing President Donald Trump s administration continues to put pressure on China as it nears the end of its term. Trump issued an amended executive order that clarifies the ban on investment in companies tied to the Chinese military, Bloomberg reports.
What Happened: The amended order issued Wednesday is tied to the executive order issued in November last year that blacklisted investing in specific companies tied to the Chinese military. The original order lacked the clarity that led to a frenzy on Wall Street.
Bloomberg notes the amended order clarifies that investors have until November to sell securities in sanctioned firms considered threats by the U.S.
U S is said to drop plan for Alibaba, Tencent investing ban bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Global stocks advance; Treasury yields rise on aid report bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.