Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

U.S. ban on China's ZTE lifted

Reuters Friday, 13 July 2018 ()
The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a U.S. bank escrow account as part of a settlement reached last month.
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Reuters Studio - < > Embed
News video: ZTE ban lifted as China ponders next trade war move

▶ ZTE ban lifted as China ponders next trade war move 01:49

Hong Kong shares of ZTE Corp have surged nearly 24 percent after China's No. 2 telecommunications equipment maker cleared the last hurdle to lifting a U.S. ban on component supplies. As Thuy Ong reports, it comes as China said foreign firms operating in China would suffer in a trade war, urging U.S....

You Might Like


Recent related news

US lifts ZTE ban, allowing Chinese telecoms company to reopen

US has lifted the ban on American companies selling parts to China’s ZTE. On Friday, the Chinese telecoms equipment group said it expected to record a net loss...
S.China Morning Post - BusinessAlso reported by •ReutersBGR IndiaNewsmax

China's ZTE shares soar after U.S. lifts supplier ban

Shares of China's ZTE Corp surged more than 12 percent in Hong Kong on Monday after the United States lifted a ban on American companies selling parts to the...
Reuters - Technology

Exclusive: U.S. clears hurdle to lifting ban on China's ZTE

The U.S. signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month old ban on doing...
Reuters - Business

U.S. senators want ban on China's ZTE, despite Trump action

Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement...
Reuters - Business


Tweets about this


Other recent news in Business

COMCAST drops out of the $71 billion bidding war for 21st Century Fox assets, handing Disney victory (CMCSA)With Comcast out, how DISNEY's empire will look with Fox
GCHQ identifies 'new risks' in Chinese phonemaker HUAWEI's UK network techPOUNDWORLD to disappear from the High Street

Recent related videos

Hong Kong Threatens Pro-Independence Group With Ban [Video]Hong Kong Threatens Pro-Independence Group With Ban

Hong Kong has proposed use of a colonial-era law to ban a pro-independence group. CNN reports the government is trying to ban the Hong Kong National Party (HKNP). HKNP leader Andy Chan said police..

Wochit News -

Hong Kong: Pro-independence party faces possible ban [Video]Hong Kong: Pro-independence party faces possible ban

Police in Hong Kong has sought to ban the political party, citing it as a potential national security threat.

Al Jazeera STUDIO -

US Lifts Ban on ZTE [Video]US Lifts Ban on ZTE

In April, the department banned U.S. companies selling parts and software to ZTE after the company illegally sent equipment to Iran and North Korea.

Newsy Studio -

U.S. Ban On China's ZTE Lifted [Video]U.S. Ban On China's ZTE Lifted

According to Reuters, the U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp. This will allow China’s second-largest telecommunications equipment maker to..

Wochit -

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+