NYSE says it no longer intends to delist Chinese companies
05 January 2021
The New York Stock Exchange announced late Monday it no longer plans to delist three Chinese companies.
The big picture: The NYSE said last Thursday it would suspend trading action from Jan. 7 for China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. in order to comply with an executive order that imposed restrictions on firms the U.S. identified as being affiliated with the Chinese military.
- But the stock exchange said in a statement that "in light of further consultation" it no longer intends to move forward with the delisting action."
- "At this time, the Issuers will continue to be listed and traded on the NYSE," per the statement.
- "NYSE Regulation will continue to evaluate the applicability of Executive Order 13959 to these Issuers and their continued listing status."
Editor's note: This a breaking news story. Please check back for updates.
Transcripts show George Floyd told police "I can't breathe" over 20 times
Section2Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.
Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.
The state of play: The transcripts were released as former officer Thomas Lane seeks to have the charges that he aided in Floyd's death thrown out in court, per the Times. He is one of four officers who have been charged.
- The filings also include a 60-page transcript of an interview with Lane. He said he "felt maybe that something was going on" when asked if he believed that Floyd was having a medical emergency at the time.
What the transcripts say:
- Floyd told the officers he was claustrophobic as they tried to get him into the squad car.
- The transcripts also show Floyd saying, "Momma, I love you. Tell my kids I love them. I'm dead."
- Former officer Derek Chauvin, who had his knee on Floyd's neck for over eight minutes, told Floyd, "Then stop talking, stop yelling, it takes a heck of a lot of oxygen to talk."
Read the transcripts via DocumentCloud.