News Highlights: Top Company News of the Day
Five Chinese Companies Plan to Delist From NYSE
PetroChina, Aluminum Corp. of China and others cite low trading
volumes and costs.
Travel Woes in Europe Won't End This Summer
Airlines are preparing for the disruption to continue into fall,
with some of the region's biggest airports extending caps on
passenger numbers as they grapple with the rapid recovery in air
Huawei Revenue, Profitability Continue to Slide
The telecommunications company's revenue has been falling since
2020 as Western restrictions on its access to chips hamper sales of
its core products.
Alexei Miller, Putin Loyalist and Gazprom CEO, Fights Energy War With Europe
By starving Europe of gas in retaliation for its support for
Ukraine, Mr. Miller is potentially committing the state energy
giant to a future of subordination to Beijing.
Samsung Leader to Get Presidential Pardon for Bribery Conviction
The company's de facto leader will have his criminal record from
his bribery conviction wiped clean but still has unresolved legal
woes related to accounting-fraud charges.
Premium Consumer Gadgets Rocked by Slowdown
Sonos, GoPro, iRobot and game hardware makers show inflation,
retail caution and travel pinching sales.
Five U.S.-Listed Chinese Companies Seek to Delist From NYSE
Five U.S.-listed Chinese companies said they intend to delist
their American depositary shares from the New York Stock Exchange,
as U.S. and Chinese regulators remain at loggerheads over audit
For China's Chip Champion, the Easy Part Is Over
SMIC was a beneficiary of the pandemic. Now it must contend with
slowing demand and unstable politics.
EV Charging Companies Struggle to Build as Climate Bill Boosts Incentives
The Inflation Reduction Act would offer an incentive for
installing equipment, but challenges remain in the supply chain and
in persuading property owners to invest.
China's State-Owned Travel Retailer Returns With Slimmed Down IPO
China Tourism Group Duty Free is planning to raise around $2
billion from a Hong Kong initial public offering, returning to the
market after pulling a deal at the end of last year.
(END) Dow Jones Newswires
August 12, 2022 11:15 ET (15:15 GMT)
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