Free Trial

Corrective Bounce


10Y Real Yields Close To Mar’21 Highs


BLOCK, Conditional Curve Flattener


$5.5B Citigroup, $3.5B JP Morgan Debt Issuance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
By Brooke Migdon
     WASHINGTON (MNI) - Chinese technology company Huawei will continue
operating in the United States, the Commerce Department announced Monday,
extending a critical license permitting partial access to U.S. businesses.
     Huawei and 114 of its non-U.S. affiliates on the "Entity List", an economic
blacklist restricting purchases of U.S.-made components to companies approved by
the U.S. government, now have until Feb. 16 to conduct business with U.S.
     Huawei's Temporary General License, or TGL, renewed by the Commerce
Department Nov. 18 gives the telecommunications giant limited access to U.S.
markets for 90 days. The move is an extension of an existing TGL granted in
August, which was itself an extension of an initial TGL issued in May.
     "The Temporary General License extension will allow carriers to continue to
service customers in some of the most remote areas of the United States who
would otherwise be left in the dark," Secretary of Commerce Wilbur Ross said in
a statement released Monday. "The Department will continue to rigorously monitor
sensitive technology exports to ensure that our innovations are not harnessed by
those who would threaten our national security."
     Ross said in an interview with FOX Business Network Friday that many rural
communities in the United States are reliant on Huawei for telephone service and
internet connectivity.
--MNI Washington Bureau; +1 202 371 2121; email:
[TOPICS: M$U$$$,MC$$$$,MI$$$$,MT$$$$,MGU$$$]
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.