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Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Register now for FREE unlimited access to Reuters.comRegisterAlibaba notified of U.S. audit inspection -sourcesVetting of U.S.-listed Chinese firms’ audits starts next monthFollows landmark U.S.-China audit dealAlibaba shares fall nearly 3%HONG KONG, Aug 31 (Reuters) – U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd (9988.HK) and other U.S.-listed Chinese companies for audit inspections starting …

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Sudden crypto drop sends bitcoin to three-week low

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE/WASHINGTON, Aug 19 (Reuters) – Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low, with analysts divided over the reason behind the decline.Bitcoin fell as much as 7.7% to $21,404 over …

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NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterHONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing may be willing …

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Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States.The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec …

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Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterAug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned.When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the …

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China’s Alibaba strives to keep New York listing amid audit dispute

The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain its New York …

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China’s Alibaba to apply for dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu WangRegister now for FREE unlimited access to Reuters.comRegisterExpects to add HK primary listing by end-2022, keep NYSE listingHong Kong shares jump 5%; move will diversify investor base -CEOSeen boosting mainland China investor access to Alibaba sharesIn line with move …

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Bitcoin recovers after falling on news Tesla sold 75% of its holdings

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, July 20 (Reuters) – Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc (TSLA.O) had sold about 75% of …

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