Chinese telecommunications giant ZTE Corp. has agreed to pay $892 million and plead guilty to violating U.S. sanctions on Iran and obstructing a federal investigation, ending a five-year probe that has raised trade tensions between the U.S. and China. The penalties, among the largest ever in a sanctions case, were imposed on ZTE for a six-year-long plan to obtain technology products from the U.S., incorporate them into ZTE equipment...

Source: Wall Street Journal March 07, 2017 15:45 UTC