Ban to be lifted on China's ZTE

• The U.S. and China have agreed on the broad outline of a deal that would save China's ZTE (OTCPK:ZTCOY), WSJ reports, as the two nations move closer to resolving their trade dispute.
• It would be required to make significant changes to management and the board, as well as pay possible fines, to lift a ban on U.S. companies selling the telecom equipment giant components and software.