U.S. extends ZTE reprieve on alleged Iran sanctions violations
- Wall Street rises, buoyed by economic data; Dow sets high
- Twitter (TWTR) 'Takeover Money' Moves On as 'Trump Money' Moves In
- Amazon (AMZN) Could Open Over 2,000 Brick-and Mortar Groceries if Tests Succeed - DJ; Kroger (KR) on Watch
- Buy Any Seasonal Market Weakness Ahead of Year End Rally - Oppenheimer (SPY)
- After-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...)
The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013. REUTERS/Barry Huang
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
HONG KONG (Reuters) - Chinese smartphone maker ZTE Corp <000063.SZ><0763.HK> said it has won a further reprieve to Nov. 28 on tough export restrictions that were imposed on the company by the U.S. government in March.
ZTE would continue to cooperate with relevant U.S. government departments to reach a final solution on the matter, the Shenzhen-based company said in a filing to the Hong Kong bourse on Friday. (http://bit.ly/2b4KYG4)
In March, the U.S. Commerce Department hit the company with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran. The agency offered the company a three-month relief from the restrictions, which was later extended to Aug. 30.
(Reporting by Donny Kwok; Editing by Richard Pullin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- California prepares to fight Trump on immigration, other issues
- Aleppo's fall would be win for Russia, defeat for U.S. in Mideast
- U.S. could copy Canada's infrastructure model: Caisse
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!