Asia News Headlines
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GLOBAL MARKETS-Wall Street slumps on Fed remarks, bond scare
NEW YORK, March 4 (Reuters) - Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
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Huawei CFO should appeal to Canada justice minister, not court, prosecutor says
VANCOUVER, March 4 (Reuters) - Canadian prosecutors told a court on Thursday that a judge was not best-placed to decide whether national security and geopolitical concerns can be used to strike down the request by the United States to extradite Huawei Chief Financial Officer Meng Wanzhou.
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U.S. Senate mulls $30 billion in funding to boost chipmaking sector, source says
WASHINGTON (Reuters) - The U.S. Senate is considering including in a new bill to boost competitiveness against China $30 billion in funding for previously-approved measures to supercharge the country's chipmaking industry, a congressional source said on Thursday.
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Exclusive: Amid shortage, U.S. suppliers to Chinese chip giant SMIC struggle to get export licenses
(Reuters) - The U.S. government has been slow to approve licenses for American companies like Lam Research Corp and Applied Materials Inc to sell chipmaking equipment to China semiconductor giant SMIC, sources said, as the impact of a global chip shortage spreads.
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Clash over Myanmar representation at U.N. averted for now
NEW YORK (Reuters) - A clash over who represents Myanmar at the United Nations in New York after a Feb. 1 military coup was averted - for now - after the junta's replacement quit and the Myanmar U.N. mission confirmed that Ambassador Kyaw Moe Tun remained in the job.
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Myanmar protests and crackdown intensify, U.S. blocks junta taking $1 billion
(Reuters) - Police broke up demonstrations with tear gas and gunfire in several cities across Myanmar on Thursday, as protesters returned to the streets undeterred by the bloodiest day yet in a crackdown on opponents of last month's military coup.
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WRAPUP 11-Myanmar protests and crackdown intensify, U.S. blocks junta taking $1 bln
March 4 (Reuters) - Police broke up demonstrations with tear gas and gunfire in several cities across Myanmar on Thursday, as protesters returned to the streets undeterred by the bloodiest day yet in a crackdown on opponents of last month's military coup.
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GLOBAL MARKETS-Wall Street slumps on Fed remarks, bond scare
New York, March 4 (Reuters) - Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, pushing back at investors who have doubted if he can hold that promise after the pandemic.
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Tsunami warnings as third strong earthquake strikes off New Zealand
WELLINGTON (Reuters) - Evacuation orders were issued for New Zealanders living in some areas on the east coast on the North Island after a third earthquake struck in the area on Friday.
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FACTBOX-Latest on the worldwide spread of the coronavirus
March 4 (Reuters) - France will extend COVID-19 weekend lockdowns to the region around the Channel coast town of Calais, following similar lockdowns around Nice and Dunkirk.
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