By Eduardo Baptista BEIJING (Reuters) – In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese…
DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisation of the world, Kristalina Georgieva said: “We don’t expect a rapid shift in reserves because the reason the dollar is a reserve currency is…
SHANGHAI (Reuters) – A U.S. lawmaker’s demand for trade curbs on a Chinese memory chipmaker in response to China calling products from Micron Technology a national security risk is the latest escalation of tension between the big powers. The United States and China have been tussling over a range of issues, from Taiwan to technology,…
(Reuters) – Lawyers for Donald Trump on Tuesday asked to meet U.S. Attorney General Merrick Garland over the work of a special counsel who is handling two investigations into the former president. “No President of the United States has ever, in the history of our country, been baselessly investigated in such an outrageous and unlawful…
BEIJING (Reuters) – The Asia-Pacific region does not welcome NATO’s plan to open a liaison office in Japan, Chinese foreign ministry spokesperson Mao Ning said at a press briefing on Wednesday, after Japan acknowledged NATO’s plan. “We want to say that the Asia-Pacific does not welcome group confrontation, does not welcome military confrontation,” Mao said….
By Samia Nakhoul and Aziz El Yaakoubi (Reuters) – Once labelled a pariah, Saudi Crown Prince Mohammed bin Salman took centre stage as master of ceremonies last week when Arab states readmitted Syria to the Arab League, signaling to Washington who calls the regional shots. His effusive greeting of President Bashar al-Assad at the Arab…
By David Shepardson WASHINGTON (Reuters) -The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents this year, the head of the U.S. National Transportation Safety Board said on Tuesday. The NTSB is investigating six runway incursion events since January including some that could have been catastrophic. Technology…
By Soo-hyang Choi SEOUL (Reuters) – South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems…
By Davide Barbuscia NEW YORK (Reuters) – Wall Street’s focus is turning to at-risk U.S. Treasury debt payments as the deadline to raise the government’s $31.4 trillion borrowing limit or risk default ticks closer. U.S. Treasury Secretary Janet Yellen on Sunday said June 1 remained a “hard deadline” for raising the federal debt limit, with…
By John McCrank NEW YORK (Reuters) – U.S. money market fund assets hit a new record of $5.8 trillion this week as yield-hungry investors continued to turn to the short-term debt securities – a stark contrast to the 2011 debt- ceiling standoff when there were large outflows from the funds. Money market mutual funds –…
