China Mobile plans Shanghai listing following NYSE exile

China Mobile is planning to list on the Shanghai stock exchange after being exiled from the NYSE.

Last November, then-president Donald Trump signed an executive order to delist China Mobile, China Unicom, and China Telecom from the New York Stock Exchange on national security grounds.

The NYSE briefly backtracked on its plan to delist the Chinese telecoms giants after “further consultation with relevant regulatory authorities”. However, the exchange quickly changed...

New York Stock Exchange backtracks on plan to delist Chinese telcos

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups.

NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November.

The order is designed to prevent transactions in securities “designed to provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

Nokia CEO sets out restructuring after shares plunge 17 percent

Nokia CEO Pekka Lundmark has set out his restructuring plans after poor comparative results to Ericsson tanked the company’s shares.

“Our industry is undergoing profound changes. Industrial automation and digitalisation are increasing customer demand for high-performance networks, with a trend towards open interfaces, virtualisation, and cloud-native software,” said Lundmark.

“As we work to renew our strategy, we will ensure we are well-positioned to leverage...