US fine pushes ZTE into the red

ZTE on Wednesday warned that it will swing to a full-year loss after the U.S. fined it $1.19 billion (€1.13 billion) for illegally shipping network equipment to Iran and North Korea.The company published preliminary full-year results showing a net loss attributable to shareholders of 2.36 billion yuan (€323.36 million), down from a year-earlier profit of CNY3…read more on TotalTele.com »