|Bid||28.21 x 0|
|Ask||28.22 x 0|
|Day's Range||27.70 - 28.84|
|52 Week Range||11.85 - 32.87|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.50|
Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on March 28, the White House said on Saturday. The FT report https://on.ft.com/2JOKzer said Beijing had yet to offer "meaningful concessions" to U.S. requests for China to stop discriminating against foreign cloud computing providers, to reduce limits on overseas data transfers and to relax a requirement for companies to store data locally.
Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday. Huawei, which has been under pressure since the United States demanded its allies bar Chinese vendors from participating in building 5G networks due to national security concerns, made 5,405 patent applications to the U.N. body, up from 4,024 in 2017. "It’s an all-time record by anyone," WIPO director general Francis Gurry told a news conference.
Huawei, the world's largest telecommunications equipment maker, was charged with bank and wire fraud, violating sanctions against Iran and obstructing justice. The company's chief financial officer, Meng Wanzhou, was arrested in December in Canada on charges in the indictment, which was not unsealed until January. At the arraignment in U.S. District Court in Brooklyn, James Cole, a U.S. lawyer for Huawei, entered the plea on behalf of the company and its U.S. subsidiary.
China's Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing. Huawei, the world's largest telecommunications equipment maker, was charged with bank and wire fraud, violating sanctions against Iran and obstructing justice. The company's chief financial officer, Meng Wanzhou, was arrested in December in Canada on charges in the indictment, which was not unsealed until January.
Hunan New Wellful Co.’s year-to-date advance has been trimmed to 175 percent after the pig farmer said Monday its second-biggest shareholder planned to dump as much as its entire 16 percent stake. Wangsu Science & Technology Co. said Monday that four shareholders planned to sell up to 6.4 percent of its total shares. It has dropped 18 percent this week.Panel makers Tianma Microelectronics Co. and BOE Technology Group Co. are among other hot stocks to announce similar sales.
HONG KONG—The state-backed owner of China’s ZTE Corp. is cutting its stake in the telecoms giant, which is recovering from a bruising run-in with U.S. authorities last year. ZTE, the world’s No. 5 maker of telecommunications equipment, lost billions of dollars in revenue when the U.S. Commerce Department barred it from buying components from the American tech companies it relies on. On Tuesday, ZTE’s controlling shareholder, Zhongxingxin, said it would sell up to 3% of ZTE’s shares outstanding, according to a regulatory filing.
Sweden wants to tighten security requirements for mobile operators and suppliers of telecoms equipment, the minister for digital development said on Wednesday, amid global concerns about Chinese firms' role in supplying sensitive network gear. Authorities in the United States have alleged equipment made by China's Huawei Technologies could be exploited by Beijing for spying. The European Commission is considering a de facto ban.
Chinese telecom equipment maker ZTE Corp's controlling shareholder plans to reduce its stake by as much as 3 percent after the stock more than doubled in value since surviving a U.S. sanction last year, showed regulatory filings late on Tuesday. ZTE in the filings said state-owned controlling shareholder Zhongxingxin Telecom plans to sell up to 2 percent in ZTE A-shares via block trades within 90 days. Zhongxingxin has also proposed to use not more than 41.9 million ZTE A-shares, or 1 percent of the company's total share capital, to subscribe for units in the ICBCCS SHSZ 300 exchange-traded fund.
The chief executives of T-Mobile US Inc and Sprint Corp, which are seeking to merge, head back to Capitol Hill on Tuesday to defend their planned $26 billion deal. T-Mobile Chief Executive John Legere and Marcelo Claure, executive chairman of Sprint, will be the stars among the six witnesses who testify before the House of Representatives Judiciary Committee's Antitrust subcommittee. It had been contemplated several years ago, but officials in President Barack Obama's administration urged the companies to drop the idea, which they did.
The legal arguments mounted in its brief aren’t based on existing precedent. The highly unusual lawsuit, filed last week in the Eastern District of Texas, reads more like a moral broadside directed at the U.S. Congress for naming Huawei as a Chinese-government affiliate and effectively blacklisting the company’s telecommunications equipment — and others who use it — from U.S. government contracts. It doesn’t seem like a fundamental rights violation for a government to refuse to do business with a company it sees as a potential national-security threat.
HONG KONG/WASHINGTON, March 7 (Reuters) - Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday, saying a law limiting its American business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets. Huawei said it had filed a complaint in a federal court in Texas challenging Section 889 of the National Defense Authorization Act (NDAA), signed into law by U.S. President Donald Trump in August, which bars federal agencies and their contractors from procuring its equipment and services. The lawsuit marks the latest confrontation between China and the United States, which spent most of 2018 slapping import tariffs on billions of dollars worth of each other's goods.
The surprise arrest of Huawei's chief financial officer in December quickly turned the executive, Meng Wanzhou, into a central figure in a trade war between two economic superpowers. U.S. President Donald Trump told Reuters he would consider intervening in her case - a potential action he alluded to again two weeks ago - if it would help close a trade deal with China. Meng's lawyer on Wednesday told a Canadian court that he has concerns the allegations against her have a political character, noting Trump's comments on the case.
U.S. President Donald Trump told Reuters he would consider intervening in her case - a potential action he alluded to again two weeks ago - if it would help close a trade deal with China. Meng's lawyer on Wednesday told a Canadian court that he has concerns the allegations against her have a political character, noting Trump's comments on the case. Long before Trump initiated a bitter trade war with China, Huawei activities were under scrutiny by U.S. authorities, according to interviews with ten people familiar with the Huawei probes and documents related to the investigations seen by Reuters.
The Czech cyber-security watchdog was not pressured by the United States or anyone else into issuing its warning about the possible security risks posed by Chinese telecoms equipment maker Huawei, Prague's cyber attache to Washington told Reuters. Rather, its December warning took both the United States and Huawei by surprise, Daniel Bagge, the Washington-based representative for the NUKIB watchdog said in an interview. The United States has urged allies not to use products made by Huawei, the world's biggest maker of telecoms equipment, saying they could enable Chinese state espionage.
BEIJING/OTTAWA, March 4 (Reuters) - China's government and its leading smartphone maker, Huawei Technologies Ltd, stepped up pressure on Monday on the U.S. and Canadian governments in a dispute over trade and telecoms technology that has ensnared Huawei's CFO, who faces U.S. criminal charges. China on Monday accused detained Canadian citizen Michael Kovrig of stealing state secrets passed on to him from another detained Canadian, businessman Michael Spavor, in a move likely to increase tension between Ottawa and Beijing.
China's government and its leading smartphone maker Huawei Technologies Ltd on Monday stepped up pressure on U.S. and Canadian governments in a dispute over market access that has ensnared Huawei's CFO, who faces U.S. criminal charges. China on Monday accused a detained Canadian man of stealing trade secrets passed on to him from another detained Canadian, while the telecom gear maker is also preparing a lawsuit against the U.S. government over a law that restricts its market access.
HONG KONG—Western countries are building more barriers to Huawei Technologies Co. equipment in their 5G network rollouts. Huawei, and its crosstown rival ZTE Corp., have put forth vastly more proposals—and are among the biggest owners of key patents—underpinning the coming wave of 5G technology. As a result, the Chinese tech juggernaut as of early February owned 1,529 “standard-essential” 5G patents, the most of any company.
SHENZHEN, China , Feb. 26, 2019 /CNW/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile Internet, today ...
SHENZHEN, China , Feb. 26, 2019 /CNW/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise, and consumer technology solutions for the Mobile Internet, ...
Facts not fears should decide the future of telecoms network security in Europe, industry leaders and policy chiefs said this week, brushing off U.S. calls for a ban on Chinese vendors. Europe has become the main battleground in a U.S. campaign to rid Western networks of Chinese telecoms equipment, with Washington accusing Huawei Technologies of spying for Beijing, allegations the company has repeatedly denied. Mobile operators warn that a blanket ban could delay next-generation 5G connections by years and comments from the world's second-largest mobile operator Vodafone and European Commission officials at this week's Mobile World Congress in Barcelona suggest a more cautious response is likely.
BARCELONA, Spain , Feb. 26, 2019 /CNW/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, ...
SHENZHEN, China , Feb. 26, 2019 /CNW/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today ...