The Chinese telecom giant is taking its Korean counterpart to court in the U.S. and China.
Billionaire short-seller Jim Chanos just announced a new short position — in a South Africa-based telecoms company. The Kynikos Associates founder announced he was short MTN Group at the 2016 Ira Sohn conference. Really, though, Chanos...Show More Summary
SHANGHAI (Reuters) - China has arrested one of its top 10 most-wanted fraud suspects, who is accused of conspiring with others to swindle 35 million yuan ($5.4 million) in a telecoms scam, state news agency Xinhua has reported. Wen Longjian,...Show More Summary
Most traffic via Asia and Europe travels under the ocean despite the fact that you can walk from one to the other. But the terrestrial efforts are gaining more ground, and this week we saw another pathway develop. China Telecom Global (CTG) and JSC Kazakhtelecom (KT) have signed an agreement to cooperate on a low […]
China Telecom published its Q1 2016 results on Thursday, reporting revenue growth that was driven by its expanding subscriber base, increasing 4G user mix and higher terminal sales. The carrier’s performance in the wireline segment was also fairly good, as data services continued their robust growth, effectively offsetting the decline in voice services. However, operating […]
BEIJING (Reuters) - Confessions by two more Taiwanese telecoms fraud suspects, from among dozens deported from Kenya to China last month, were aired by Chinese state television on Monday, appearing to back China's contention that such crimes are lightly dealt with in Taiwan.
BEIJING (Reuters) - China will try the 45 Taiwan suspects in a telecoms fraud case who were deported by Kenya to China this month, the Chinese government told a delegation from Taiwan, state media reported, in a case that has angered the self-ruled island.
TAIPEI (Reuters) - Taiwan prosecutors angered China over the weekend by freeing 20 Taiwanese suspected of defrauding Chinese nationals in a telecoms scam but on Thursday changed their minds, taking most of them into custody on suspicion of committing "serious crime".
SHANGHAI (Reuters) - China's commerce ministry said on Friday it hoped telecom equipment maker ZTE Corp could be removed as soon as possible from a U.S. list of companies slapped with tough export restrictions this month. On Tuesday the U.S. Show More Summary
HONG KONG (Reuters) - Chinese telecom equipment and smartphone maker ZTE Corp said on Wednesday a temporary export license from the United States could be extended if the company meets promises made to the U.S. government for allegedly breaking U.S. Show More Summary
WASHINGTON (Reuters) - The U.S. government is granting Chinese telecom equipment and smartphone maker ZTE Corp a temporary export license through June 30, according to a U.S. Commerce Department notice made public on Tuesday. (Reporting by Washington newsroom; Editing by Chizu Nomiyama) Join the conversation about this story »
SHANGHAI (Reuters) - China's ZTE Corp said on Thursday it will delay the publication of its annual results because it needs to assess the impact of tough U.S. export restrictions imposed on the telecom equipment maker last week. The U.S. Show More Summary
A new US export restriction against China's ZTE Corporation for alleged Iran sanctions violations is likely to disrupt the telecom manufacturer's sprawling global supply chain. ||| Washington - A new US export restriction against China's...Show More Summary
The US government is slapping crippling sanctions on telecom manufacturer ZTE and the Chinese government is not happy about it. China's Foreign Ministry spokesman Hong Lei said that "China is opposed to the US citing domestic laws to place sanctions on Chinese enterprises," according to Reuters. Show More Summary
BEIJING (Reuters) - China's Foreign Ministry expressed anger on Monday at the U.S. Commerce Department's plans to place export restrictions on Chinese telecoms equipment-maker ZTE Corp for allegedly violating U.S. export controls on Iran. Show More Summary
Here is what you need to know. Chinese stocks crashed. China's Shanghai Composite tumbled 6.4%, posting its biggest one-day retreat since January 26. The industrial and telecom sectors were hardest hit, each losing more than 8%. Bloomberg says a spike in short-term money market rates contributed to the slide. Show More Summary
Broad Equity Market Tone: Advance/Decline Line: Slightly Higher Sector Performance: Mixed Volume: Slightly Below Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 21.05 +.33 % Euro/Yen Carry Return Index 1 28.62 -.36 % Emerging Markets Currency Volatility(VXY) 1 2. Show More Summary
HELSINKI (Reuters) - Finland's Nokia reported better-than-expected profits for its mainstay telecom network equipment business but warned that rollouts for new mobile networks would start to slow this year in its key market in China....Show More Summary
Here is what you need to know. China's stock market crashed to a 13-month low. China's Shanghai Composite plunged 6.4% to its lowest level since December 2014. The telecom and IT sectors were hit the hardest during Wednesday's rout, tumbling 9.6% and 8.7%, respectively. Crude oil is back above $30. Show More Summary
China Unicom and China Telecom, the smaller two Chinese wireless carriers, signed a multi-pronged strategic agreement to share resources, enabling them to cut costs and better compete with larger and better capitalized rival China Mobile. Show More Summary