• White House seeks to block Senate bid to kill ZTE deal: WSJ

    11 days ago - By Reuters

    The White House will aim to block legislative language before Congress that would block a Trump administration agreement allowing China's No. 2 telecommunications equipment maker, ZTE Corp, to resume business with U.S. suppliers, the Wall Street Journal reported on Wednesday.
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  • ZTE stocks plummet 40% after U.S. sales ban

    11 days ago - By Reuters

    Stocks in ZTE fell by 40 percent on Wednesday, when the company began trading shares again following a two-month trade hiatus. That's after one of China's largest telecoms companies agreed to pay more than a billion dollars in fines to the U.S. Ryan Brooks reports.
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  • ZTE's Shares Plunge as Deal With Trump Comes Under Threat

    11 days ago - By NY Times

    Investors worry that American lawmakers will stop a White House agreement that would allow the Chinese company to resume buying U.S. technology.
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  • ZTE Shares Are Trading Again After Its Sanctions Deal With Trump. The Bad News? They're Tanking

    11 days ago - By Fortune

    ZTE Corp.'s shares cratered after it agreed to pay at least $1 billion in penalties and overhaul its management as part of a sweeping settlement agreement that allows it to resume business after a two-month hiatus.
    China's second-largest telecoms equipment maker fell 42% as it resumed trading in Hong Kong following a suspension since April, when the U.S. imposed a ban on purchases of vital American technology in punishment for Iran sanctions violations. Its Shenzhen stock slid by the daily maximum of 10%. That wiped about $2.7 billion off ZTE's market value Wednesday.
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