China’s Oil Giants Face NYSE Delisting

Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, Bloomberg reports, due to alleged ties to the Chinese military. "More Chinese companies could get delisted in the U.S. and the oil majors could come as the next wave," an executive director of a Hong Kong-based investment bank told Bloomberg. Steven Leung, however, added that for the telecoms, at least, the impact of the delisting would not be particularly serious as they weren't traded…