February imports +5.7% y/y vs +12.2% in poll Finance ministry expects March exports +15% to +20% y/y Govt sees good Q1, Q2 outlook on chip demand
TAIPEI, March 9 (Reuters) - Taiwan’s exports rose in February for the eighth month in a row, slightly slower than expected but benefiting from continued strong demand for chips to power technology for the work-from-home COVID-19 pandemic boom.
Exports rose 9.7% from a year earlier to $27.79 billion in February, the Ministry of Finance said on Tuesday, affected by the week-long Lunar New Year holiday that occurred last month.
Analysts in a Reuters poll had forecast a rise of 10.5% for February, compared with a 36.8% jump in January.
By Reuters Staff
3 Min Read
BERLIN (Reuters) - Germany hopes that improved relations with the United States under U.S. President Joe Biden will open the door for possible joint sanctions against China and Russia over human rights and other abuses, Foreign Minister Heiko Maas said on Tuesday.
German Foreign Minister Heiko Maas addresses the media in Berlin, Germany, March 9, 2021. Kay Nietfeld//Pool via REUTERS
He said the trans-Atlantic partners should act together to defend their common interests and values and lamented the lack of coordinated action under former president Donald Trump.
Trump’s presidency was marked by intense pressure on Germany over its failure to meet defence spending obligations as mandated by the NATO military alliance, Germany’s insistence on buying Russian natural gas, and trade policies.
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.
By Reuters Staff
1 Min Read
WASHINGTON, March 4 (Reuters) - The U.S. International Trade Commission on Thursday said it had launched an investigation of alleged patent violations by Sweden’s Ericcson involving certain semiconductor devices, wireless infrastructure equipment and components.
The ITC said the investigation was based on a complaint by South Korean manufacturer Samsung Electronics and its U.S. subsidiary Samsung Austin Semiconductor.
Reporting by Andrea Shalal and David Lawder Editing by Chris Reese
(Corrects name of defence lawyer from Robert to Richard in 6th paragraph)
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.
Meng, 49, was arrested in December 2018 on a U.S. warrant accused of misleading HSBC about Huawei’s business dealings in Iran, putting the bank at risk of violating U.S. sanctions. She has said she is innocent and is fighting her extradition case from under house arrest in Vancouver.