NEW YORK/WASHINGTON/HONG KONG/ (Reuters) -The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist amid confusion over rules set by the Trump administration and tension within Washington on China policy.FILE PHOTO: Signs of China Telecom, China Mobile and China Unicom are seen during the China International Import Expo (CIIE) […]

HONG KONG (Reuters) – China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire.Slideshow ( 2 images )Depending on investor response, proceeds could reach $8 billion which the e-commerce leader is likely […]

FILE PHOTO: El Salvador’s former President Elias Antonio Saca talks with his lawyers before his hearing on corruption charges in San Salvador, El Salvador, September 12, 2018. REUTERS/Jose CabezasSAN SALVADOR (Reuters) – A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of “illicit enrichment” and ordered them to return […]

Slideshow ( 3 images )HONG KONG (Reuters) – Over 50 pro-democratic activists in Hong Kong were arrested on Wednesday for breaking the city’s contentious national security law, local media reported, in the biggest crackdown yet against the democratic opposition under the new law. The arrests in the Asian financial hub included well known democratic figures and former lawmakers James To, […]

FILE PHOTO: The sign of a Macy’s department store is pictured in Pasadena, California May 12, 2015. REUTERS/Mario Anzuoni(Reuters) – Department store operator Macy’s Inc said on Tuesday it would close about 45 stores this year as part of its three-year plan to lower store count in order to focus on its more productive outlets. Even before the lockdowns in […]

FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo/File Photo(Reuters) – Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may be due for an overhaul, given the new reality that interest […]

NEW YORK (Reuters) – Seven U.S. states and Washington, D.C., sued a U.S. banking regulator on Tuesday, seeking to void a rule they said could encourage predatory lending by preventing them from enforcing state laws against exploitative interest rates.FILE PHOTO: New York State Attorney General Letitia James speaks during a news conference regarding a lawsuit to dissolve the National Rifle […]

(Reuters) – General Motors on Tuesday reported a 4.8% rise in U.S. sales for the fourth quarter, boosted by demand for new vehicles during the COVID-19 pandemic, and the automaker signaled that the industry could return to more normal levels in the spring.FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File PhotoThe […]