13 iunie 2018

ZTE agrees to pay $1.4 billion fine to US government


By Barry Eitel SAN FRANCISCO  Shares of Chinese smartphone company ZTE are set to resume trading after the company agreed to pay a $1.4 billion fine to the United States government, according to filings released Tuesday. ZTE stock will be traded on the Hong Kong stock exchange Wednesday after a nearly two-month suspension. In April, the U.S. Commerce Department banned American businesses from selling parts to ZTE, effectively putting the entire company’s future in question. After ZTE agreed to [...]