US proposes tougher Wall Street rules for China firms

first_imgUnited States officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent scandals have prompted concerns about the reliability of some of the firms’ documents.The companies’ auditors would have to share their work papers with American regulators under the proposal from a working group led by Treasury Secretary Steven Mnuchin.Firms already on Wall Street would have until 2022 to comply or lose their listing. “The United States is the premier jurisdiction in the world for raising capital, and we will not compromise on the core principles that underpin investor confidence in our capital markets,” said a Treasury Department statement.The group, which includes Federal Reserve Chair Jerome Powell, also proposed strengthening risk disclosures to investors about companies or funds from countries that do not provide “sufficient” access to documents. The US Securities and Exchange Commission (SEC), which oversees US equity markets, would be tasked with implementing the recommendations.Several Wall Street-listed Chinese companies have been involved in scandals in recent months, including coffeehouse chain Luckin Coffee. The Starbucks rival revealed in April that one of its executives was accused of faking sales figures.The recommendations come as tensions spike between the world’s top two economies, with a struggle over the video sharing platform TikTok being the latest flashpoint.However, US media have reported that negotiators from the two nations are due to talk August 15 about the partial trade deal inked in January.Topics :last_img read more

Strawberry-Chocolate Cake

first_img Share Strawberry-Chocolate Cake.Here’s an easy-to-make layer cake that will appear as though it required hours of time. Using a boxed cake mix, ready-made frosting, and premade whipped topping takes all of the work out of the preparation.Reminiscent of a chocolate-covered strawberry, this appealing cake recipe is a good choice when you want an eye-catching dessert with minimal effort.Ingredients:1 package 2-layer-size strawberry cake mix1 cup canned chocolate frosting1 8-ounce container frozen whipped dessert topping, thawed1 tablespoon milkStrawberries Directions:Preheat oven to 350 degrees F. Grease and flour two 8-inch or two 9-inch round baking pans; set aside. Prepare cake mix according to package directions. Divide batter between pans. Bake according to package directions. Cool in pans on wire racks for 10 minutes. Remove cake layers from pans. Cool completely.Spread 2/3 cup of the frosting on one of the layers. Top with remaining cake layer. Frost top and side of cake layers with dessert topping. If desired, in a small bowl stir together remaining 1/3 cup frosting and milk. Drizzle over frosted cake. Decorate top of cake with whole or sliced berries. Makes 12 servings Sharing is caring! Tweet 147 Views   no discussionscenter_img Share Food & DiningLifestyle Strawberry-Chocolate Cake by: – August 11, 2011 Share Recipe source: Better Homes and Gardenslast_img read more

Live Week 4 Fantasy Football Advice: Injury updates, start ’em sit ’em, NFL DFS tips, more

first_imgMelvin Gordon’s back — how’s that for a Week 4 surprise? If you’re not sure what that means for your fantasy football team,  Fantasy Alarm fantasy experts  Howard Bender and Jennifer Piacenti go live at 11 a.m. ET and will be breaking down  everything you need to know for your Week 4 matchup. Get start ’em, sit ’em advice, NFL DFS tips, injury updates, stats, trends, and much more. You can also join Fantasy Alarm’s traditional live chat  and have all of your fantasy football questions by more Fantasy Alarm experts .The Week 4 weather forecast highlights a couple trouble spots, including one game that many fantasy owners are likely targets. We also have injury updates for RBs Rex Burkhead, Devin Singletary, and Rashaad Penny (find out more here), WRs Julian Edelman, Terry McLaurin, and Chris Godwin (find out more here), and QB Matthew Stafford and TEs Mark Andrews and Trey Burton (find out more here). WEEK 4 NON-PPR RANKINGS:Quarterback | Running back | Wide receiver | Tight end | D/ST  | KickerWatch: Live Fantasy Football Start ’em Sit ’em Advice Week 4Traditional live chat on Fantasy Alarm!last_img read more

Arsenal will pay all its employees until April 30

first_imgBut footballers will not be the only ones who will remain at home. The London club has decreed that it will also keep the payrolls of each and every one of the entity’s workers until the 30th of next month as “gratitude to them and a desire to ease their financial worries during this challenging period.” Nevertheless, According to the statement, “this will be reviewed once the relevant authorities have made an additional decision on when football can resume.” Therefore, for the month of May, the future of club workers gunner remains an unknown. The arsenal, after having considered “irresponsible” to continue with their activities during the pandemic, has decided to cancel all its activities until April 30. The London club was scheduled to return to training on Tuesday, March 24, when the team coach Mikel Arteta’s quarantine period came to an end. The Spanish preparer tested positive for COVID-19, so he was isolated for 14 days.However, the initial claims of the gunners to return to work this Tuesday were aborted through a statement that the club itself shared. In said statement, From Arsenal they assure that “they are clear that it would be inappropriate and irresponsible to ask the players to return at this time.” That is why they have decided to cancel all activities until April 30.last_img read more

Kerr left frustrated by Match Com in Hull tie

first_img0Shares0000Gor Mahia head coach Dylan Kerr gestures during his side’s friendly match against Hull City on May 13, 2018. PHOTO/Raymond MakhayaNAIROBI, Kenya, May 14- Gor Mahia head coach Dylan Kerr voiced his frustration at the match commissioner in their international friendly match against Hull on Sunday evening on his insistence that they should field only six substitutes while he wanted all his players to have a taste of the action.Kerr had hinted pre-match that he would use all his players for the tie just like he did last year in Tanzania against Everton, but on Sunday, he was informed that only six of his substitutes would be allowed to play. “I’m angry with the match commissioner because he said we could only field six subs. Hull City said we could play all 24 players but the match com was adamant. It’s a friendly and not a FIFA game so we can field as many players as possible,” an agitated Kerr told Capital Sport.He added; “I’ve now got to go and pick up the lads and explain to them why they couldn’t play because I promised them to play. I hope the match com goes home and has a good look at himself and he comes back to explain to these players why they didn’t play. I am frustrated.”Last year while Gor played Everton in Tanzania, they changed almost the entire team save for defender Joachim Oluoch and striker Jeconiah Uyoga while the Merseyside club fielded two different teams in either half.On Sunday, the only subs he used were Cersidy Okeyo, Samuel Onyango, Kevin Omondi, Meddie Kagere, Wesley Onguso and Lawrence Juma.Gor Mahia head coach Dylan Kerr salutes his players before the penalty shoot out against Hull City on May 13, 2018. PHOTO/Raymond MakhayaKerr was further agitated that he was blocked from rotating his squad while he tried to keep all his players fresh ahead of Wednesday’s CAF Confederation Cup game against Algeria’s USM Alger.Nonetheless, the tactician was impressed with the performance of the team despite the loss on penalties, saying they showed they could match any opponent and hopes the show at Kasarani spurs them on against Alger.“We were brilliant today. We created chances and dominated the game and the only shame is that we couldn’t get the chances converted. We should have won the game even on penalties but even despite that, I am proud of the players,” added the British tactician.He has called on fans to turn out in large numbers on Wednesday and create a similar atmosphere against the Algerian side as they eye success in continental football.“I know that possibly we can’t have 60,000 fans because it is a weekday and many fans who came on Sunday had travelled from far and wide, but we could at least make sure we have good numbers to create an atmosphere,” the coach added.He hopes the show on Sunday can attract bigger football powerhouses from around the world to make a stop in Kenya, saying fans showed that there is massive passion for the game in the country.0Shares0000(Visited 1 times, 1 visits today)last_img read more