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Friday, June 29, 2018

Embattled ZTE to unveil new board in step toward U.S. ban lift

SHENZHEN/HONG KONG (Reuters) - Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. supplier ban.


from Reuters: Business News https://ift.tt/2lLNrdb

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Interest rates held at 5% but 'on the path down'

Economists are betting on rates being held in September with a cut to come in November instead. from BBC News https://ift.tt/OyPldkf