Good morning! Here’s what you need to know on Wednesday.
1. China’s central bank has announced further measures designed to support its housing market. The relaxed restrictions on home purchases is the latest attempt to clear mounting stockpiles of unsold property in smaller Chinese cities.
3. Japan has put its ballistic missile defence units on high alert following North Korea’s declaration it will launch a satellite. The move could advance Pyongyang’s long-range missile technology following its recent nuclear test.
5. Donald Trump faced reporters’ questions on Tuesday night about his loss in the Iowa caucuses. He was upset by US Sen. Ted Cruz (R-Texas) in Iowa despite a series of polls placing him in the lead.
7. Health experts are bracing for the Zika virus to spread to the US by April or May.The virus is borne by a mosquito that craves human blood, feeds during the day, and lives under beds and inside closets.
8. David Cameron will on Wednesday defend planned reforms to keep Britain in the EU before parliament,as European lawmakers begin negotiations in Strasbourg to avoid a “Brexit.”
10. Yahoo said on Tuesday it is exploring strategic alternatives in addition to the continued pursuit of the reverse spin-off of its Internet business. Yahoo said it will simplify its product portfolio and that it had begun to explore divesting non-strategic assets.
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