EghtesadOnline: The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business.
EghtesadOnline: Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American companies from supplying Chinese telecommunications equipment maker ZTE Corp, two people briefed on the talks told Reuters.
EghtesadOnline: President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.
EghtesadOnline: U.S. President Donald Trump pledged on Sunday to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week.
EghtesadOnline: Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company.
EghtesadOnline: China’s ZTE Corp. blasted the U.S. government decision to impose a seven-year ban on its purchases of crucial American components, calling the move "extremely unfair" and "unacceptable."
EghtesadOnline: China's telecommunications giant ZTE Corp has pleaded guilty in US federal court in Texas for shipping US goods and technology to Iran.
EghtesadOnline: ZTE Corp. has agreed to pay as much as $1.2 billion for violating U.S. laws restricting the sale of American technology to Iran, ending a year of uncertainty about its ability to do business in the world’s biggest economy. Its shares surged.
EghtesadOnline: ZTE has been granted an exceptional reprieve from the US Department of Commerce to continue exporting its telecoms equipment to Iran, following months of lobbying from the tech giant in Washington.
EghtesadOnline: Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions against Iran could impact its results.