Posts by mary:

Hong Kong shares tumble at open

Hong Kong stocks opened sharply lower on Wednesday morning after US officials banned China Telecom from operating in the country citing national security concerns, cranking up tensions between the economic superpowers. The Hang Seng Index fell 0.93 percent to 25,795. The Shanghai Composite Index slipped 0.22 percent to 3,590, while the Shenzhen Composite Index dropped […]

China Telecom to lose right to operate in US

The US Federal Communications Commission (FCC) on Tuesday voted to revoke authorisation for China Telecom’s US subsidiary to operate in the United States, citing what it said were national security concerns. China Telecom, the largest Chinese telecommunications company, has had authorisation to provide telecommunications services for nearly 20 years in the United States. China Telecom […]