China

Chinese companies listed in the United States, such as Baidu and Alibaba, may lose that listing if US regulators are denied access to accounting.   After the Senate, the House of Representatives has also agreed to tighten the rules. President Donald Trump has yet to sign the bill. The legislation provides for an adjustment period. Penalties are only imposed if the rules are not complied with for three years. With the law, Washington is intensifying its investigation into ties that Chinese companies have with Beijing. Senator John Kennedy emphasized while discussing the proposal that it is dangerous that Chinese companies are allowed to ignore the rules that American companies must comply with. In addition to the obligation to have the books checked, the US also wants to know whet...

The mounting tensions between the United States and China over Chinese tech companies caused some reticence among investors.   Tech investor Prosus was therefore under pressure on the Damrak. Better-than-expected export figures from China and Germany kept losses limited. The essential American jobs report, which will be released later today, was also awaited. The AEX index on Beursplein 5 recorded 0.3 percent in the negative at 556.63 points around noon. The MidKap lost 0.7 percent to 782.10 points. The stock exchanges in Frankfurt and London fell to 0.4 percent. Paris fell 0.7 percent. Prosus (minus 4.8 percent) was the most significant drop in the AEX. US President Donald Trump has signed a presidential decree banning US companies' transactions with ByteDance, the Chinese compa...