January 06, 2025 08:11 pm (IST)

Make this your homepage

Foreign

Delhi elections: Congress launches Pyari Didi scheme promising Rs. 2,500 per month to women residents | Chhattisgarh journalist murder: Victim's heart was ripped out, had 15 fractures to head, a broken neck; accused arrested | India's health ministry confirms two HMPV cases in Karnataka | Canadian PM Justin Trudeau may step down as Liberal Party leader this week: Reports | Bharatiya Janata Party releases first list of candidates for Delhi Assembly polls, fields Parvesh Sahib Singh Verma against Kejriwal | Firecracker unit explosion in Tamil Nadu's Virudhunagar kills 6 | Body of independent journalist, who went missing on Jan 1, found in a septic tank in Chhattisgarh | Delhi: 14-year-old student stabbed to death outside school after brawl with classmate | Rohit Sharma confirms he is not retiring amid speculations after skipping Sydney Test | India objects to China's 'new counties' announcement, says parts of these come under Ladakh

Chinese Oil Companies

Chinese oil companies may be delisted in US after Telcos : Bloomberg

India Blooms News Service | @indiablooms | Jan 04, 2021, at 09:25 pm

#China #ChineseOilComapnies #Medical Board #US

Washington/UNI: Major Chinese oil companies may be next in line for delisting in the United States after the New York Stock Exchange announced last week that it would remove the Communist country’s three biggest telecom companies.

A report by Bloomberg says that China’s largest offshore oil producer Cnooc Ltd. could be first in line for delisting as it already is on the Pentagon’s list of companies which it says is owned/controlled by Chinese military.

According to Bloomberg's analyst Henik Fung PetroChina Co. and China Petroleum and Chemical Corp., also known as Sinopec, may also be under threat as the energy sector is crucial to China’s military.

The NYSE said it would delist three Chinese telecom operators-China Mobile Ltd., China Telecom Corp Ltd. and China Unicom Hong Kong Ltd. to comply with a U.S. executive order imposing restrictions on companies identified as affiliated with the Chinese military.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.