Zte Stock Falls After Us Penalties Over Iran, North Korea

ZTE stock falls after US penalties over Iran, North Korea

BEIJING (AP) — Shares in ZTE Corp. have fallen 41.5 percent in Hong Kong after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers. Shares resumed trading Tuesday following a two-month suspension after Washington accused state-owned ZTE, China's second-largest maker of telecoms equipment, of reneging on a settlement of charges it violated export rules by selling U.S.

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  • ZTE stock falls after US penalties over Iran, North Korea
    Shares in ZTE Corp. fell 42 percent Tuesday in Hong Kong on their first trading day after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers. Shares resumed trading following a two ...
    06/13/2018 - 1:06 am | View Link
  • The Finance 202: Trump risks repeating Bush controversy with ZTE deal
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    05/28/2018 - 5:00 pm | View Link
  • Taiwan's MediaTek applies for ZTE shipment permit under government order
    The U.S. government this month banned American firms from sales to ZTE for seven years, saying the company had failed to comply with a settlement related to ZTE shipping U.S.-made goods to Iran in violation ... Mediatek said in a stock exchange filing ...
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    HONG KONG (Reuters) - 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 ... in a filing to the Shenzhen Stock Exchange. "The outcome of the ...
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