In Flip-Flop, NYSE Will Delist 3 Chinese Companies After All

The New York Stock Exchange is going ahead with plans to delist shares of three Chinese state-owned phone carriers under an executive order from President Donald Trump, reversing course just days after saying they wouldn’t be delisted.

Read more

Prosecutors Seek 9-Year Prison Term for Samsung Chief Lee

South Korean prosecutors on Wednesday requested a nine-year prison term for Samsung’s de facto chief, Lee Jae-yong, during a retrial for his bribery charges, as Lee offered an apology and vowed not to be implicated in similar allegations in an apparent effort to plead for leniency.

Read more

Hearings in Huawei CFO Extradition Case Continue in Canada

The Canadian border guard who mistakenly handed over Huawei CFO Meng Wanzhou’s phone passwords to police “went white” with shock upon realizing his mistake in a meeting with superiors after the arrest, the Supreme Court of British Columbia heard today in ongoing hearings into the United States’ attempt to extradite the Chinese telecom executive to face fraud charges in New York.

Read more

Canadian Border Guard Denies Helping FBI in Questioning of Huawei Executive

A Canadian border guard involved in the initial questioning of embattled Huawei Technologies CFO Meng Wanzhou staunchly denied that he intended to gather evidence that could be of use to the FBI as Meng’s lawyers continued their attack on the Canada Border Services Agency’s handling of the telecom executive upon her arrival in Vancouver in December 2018.

Read more