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By Nick Wadhams, Bloomberg
7 Jan 2021 09:35
The Tencent Binhai Mansion in Shenzhen, China. Image: Yan Cong, Bloomberg.
Alibaba Group and Tencent led a technology stocks selloff as the Trump administration considers barring investments in Chinaâs two most valuable companies.
Alibaba fell more than 5% and Tencent dropped as much as 4.4% in Hong Kong trading on Thursday, tracking losses in their New York-listed securities. The State Department, Department of Defense and Treasury Department are among authorities involved in the deliberations, according to people with knowledge of the talks. The discussions focus in part on how such a move might affect capital markets, the Wall Street Journal reported earlier Wednesday.
Exclusive: French IT firm Atos makes $10 billion DXC takeover approach - sources
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
January 7, 2021
Prominent gaming machines innovator International Game Technology (IGT) has announced the premiere of the new Wheel of Fortune Slots Zone attraction within southern Nevada’s Plaza Hotel and Casino.
The New York-listed developer used an official press release to declare that the 2,900 sq ft ‘vibrantly themed’ area is located at the center of the 995-room downtown Las Vegas facility’s gaming floor and features more than 40 land-based slots from the Wheel of Fortune family of titles in both ‘mechanical reel and video reel formats.’
Lucrative legacy:
Wheel of Fortune game in 1996 with the title having since gone on to become ‘
After Pressure, New York Stock Exchange Will Delist 3 Chinese Firms
The exchange made its second abrupt reversal after the Trump administration and Congress pressed it to remove the companies.
Treasury Secretary Steven Mnuchin, who had initially supported greater accommodation of Chinese companies, pushed on Tuesday for the companies to be delisted.Credit.Anna Moneymaker for The New York Times
Jan. 6, 2021
The New York Stock Exchange reversed course again on Wednesday, saying it will remove China’s three major state-run telecommunications companies from the exchange.
The decision followed a day of pressure from the Trump administration and Congress after the exchange had decided to let the companies China Unicom, China Telecom and China Mobile remain listed. That twist came a week after the exchange said the companies’ shares would be delisted to comply with President Trump’s executive order on China investments.
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