ZTE stock surges as US supplier ban lifted though outlook remains uncertain
https://www.cnbc.com/2018/07/16/zte-stock-surges-as-ussupplier-ban-lifted-though-outlook-remains-uncer.html
Investors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business.
The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE—imposed in relation to a U.S. sanctions case—after the Chinese company deposited $400 million in escrow as part of a settlement reached last month. The settlement also included a $1 billion penalty paid to the U.S. Treasury in June.
ZTE stock surges as US supplier ban lifted though outlook remains uncertain
Jul 16, 2018, 2:53pm UTC
https://www.cnbc.com/2018/07/16/zte-stock-surges-as-ussupplier-ban-lifted-though-outlook-remains-uncer.html
> Investors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business.
> The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE—imposed in relation to a U.S. sanctions case—after the Chinese company deposited $400 million in escrow as part of a settlement reached last month. The settlement also included a $1 billion penalty paid to the U.S. Treasury in June.