Tag: cent
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South Korea’s Hanwha to raise KAI stake above 12% by end-2026, cites global space race
SEOUL, June 16 : South Korean defence-to-aerospace group Hanwha said on Tuesday it plans to raise its combined stake in Korea Aerospace Industries (KAI) to more than 12 per cent by the end of 2026, citing the need for closer ties as global competition in the space industry intensifies. Hanwha said the rise of
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CNA is Singapore’s most trusted, widely used online news source: Reuters Institute report
The 15th edition of the global report also highlights Mediacorp’s position in the local media ecosystem, with its brands securing four of the top five spots in public trust.
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Bank of Japan raises interest rates to 31-year high
TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other central b
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Bank of Japan set to raise rates to 31-year high, vow further increases
TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by the Iran war.The decision would mark a more aggressive approach by the BOJ in…
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Microsoft sued by shareholders over expenses, cloud business, AI
June 15 : Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.The proposed class action led by a Michigan pension fund w
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US energy shares slump as Iran deal lowers Hormuz supply disruption risk
June 15 : U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime m
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Energy shares fall as Iran deal lowers Hormuz disruption risk
June 15 : U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, Pakista
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Dollar hits 10-day low as US, Iran reach peace deal
(Corrects to removes duplicate content on oil price move in bullets)By Jiaxing LiHONG KONG, June 15 : The U.S. dollar slid on Monday to a 10-day low against its major peers as news the United States had agreed to a peace deal with Iran sent oil prices tumbling and boosted demand for riskier assets.
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Space stocks slump as blistering rally cools after SpaceX market debut
June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX’s market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.The Elon Musk-led company jumped 28 per cent, clinching a valuation of over $2 trillion as both institutional inv
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Dollar steadies on ceasefire prospects, PPI eases pressure on Fed
HONG KONG, June 12 : The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.Against the yen, the U.S. currency was up 0.1 per cent at 160.07 yen. The Australian dollar was…
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