A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
U.S.-listed Chinese firms are increasingly looking toward home.
“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
The coffee giant also withdrew its outlook for fiscal 2020.
Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
The U.S. airline industry's long run of profitabiilty could be at risk if the virus causes a "broad slowdown" in travel.
The soda and snack company is buying Be & Cheery, one of the largest online snack companies in China, for $705 million.
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
CFO Jon Moeller says the second-quarter results show P&G's turnaround plan is working despite weak sales of baby and feminine care products.
