January 05, 2021 - Biz in 60

NYSE reverses plan to delist Chinese telecom stocks The New York Stock Exchange has scrapped its plan to de-list China's three state-owned telecommunication companies after further consultation with US regulators. The exchange had begun proceedings to drop the listings to comply with a Trump administration executive order that bans investments in firms with ties to the Chinese military. Shares in China Mobile, China Telecom and China Unicom surged on the news. German unemployment falls unexpectedly in December Unemployment in Germany unexpectedly dipped in December despite a new round of lockdown measures that were introduced last month. The number of people out of work in Europe's largest economy fell to 2-point-78 million.. down 37-thousand from November. The jobless rate has remained unchanged at 6-point-1 percent China sentences ex-finance chief to death for corruption The former chairman of one of China's biggest asset management companies has been sentenced to death in a high-profile corruption case. Lai Xiaomin was found guilty of receiving bribes totaling 280-million- dollars between 2008 and 2018. Lai, who served as the chairman of Huarong Asset Management, was also convicted on a charge of bigamy.