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US lifts order against China's ZTE

2018-07-13 19:52:47| BBC News | Business | UK Edition

The move follows a settlement reached last month after intervention by the US and Chinese leaders.

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ZTE sees CNY 7-9 bln loss in H1 after US ban

2018-07-13 17:28:00| Telecompaper Headlines

(Telecompaper) ZTE said it expects its net result for the first half of this year to sink to a loss of CNY 7-9 billion from a profit the year before of CNY 2.29 billion, a decline of 405-492 percent. The preliminary basic loss per share is seen at CNY 1.67-2.15 from earnings of 0.55. ZTE attributed the sharp declines to the suspension of its operating activities as a result of the export ban imposed by the US government on the Chinese company. 

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US lifts ban on ZTE

2018-07-13 02:00:00| Total Telecom industry news

The US Department of Commerce has agreed to lift the ban precluding ZTE from doing business in the US. A deal was agreed to lift the banning order earlier this month…read more on TotalTele.com »

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ZTE moves closer to resuming business as US signs escrow deal

2018-07-12 08:35:00| Telecompaper Headlines

(Telecompaper) ZTE is a step closer to resuming business with the US, after the US Department of Commerce signed the earlier announced escrow agreement with the company. Once ZTE deposits USD 400 million in the escrow account, the ban on exports to ZTE from the US will be lifted, the department said.

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ZTE inches closer to resuming business in US

2018-07-12 05:20:22| BBC News | Business | UK Edition

Once the Chinese tech giant pays a $400m deposit it can start buying US-made parts for its phones again.

Tags: us business closer inches

 

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