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Shares of ZTE sank during Tuesday morning trade after the U.S. Senate passed a defense bill that had implications for an agreement struck with the Chinese telecommunications equipment maker.
ZTE shares plummeted more than 20% after US lawmakers sought to uphold a ban that prevents the Chinese company from buying crucial US parts.
Markets dropped across the world after Trump threatened to impose $200bn more in levies on Chinese goods
Gold prices rose early Tuesday, supported by a weaker dollar and a dip in Asian stocks as a trade spat between the United States and China intensified.
Shares of ZTE Corp plunged on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers.
Orlov is one of our favorite essayists on Russia and all sorts of other things. He moved to the US as a child, and lives in the Boston area.
The U.S. Senate passed a $716 billion defense policy bill on Monday, backing President Donald Trump's call for a bigger, stronger military but setting up a potential battle with the White House over Chinese telecommunications firm ZTE Corp.
Japan's two largest airlines have changed "Taiwan" to "China Taiwan" on their Chinese-language websites, officials said Tuesday, a move likely to please Beijing but anger the self-ruled island. The change was made on June 12 and is meant to accommodate customers, Japan Airlines (JAL) and All Nippon Airways (ANA) said.…
Japan Airlines and All Nippon Airways now refer to Taiwan as a Chinese territory on Chinese-language websites