Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Dollar hovers near seven-month low vs yen as oil tops $100
NEW YORK, Sept 9 : The dollar hovered near a seven-month low against the yen on Wednesday as oil prices climbed above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s
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France’s Cegid and Silae to merge in €10 billion software deal
Sept 9 : French business software provider Cegid and payroll platform Silae said on Wednesday they were planning to merge to create a European technology group valued at more than €10 billion ($11.6 billion).Private equity firm Silver Lake, which is the majority owner of both companies, will retain a majori
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Air quality back in unhealthy range in central Singapore as haze persists
The 24-hour PSI reading in central Singapore hit 102 at 11pm.
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Middle East tensions drive oil over $100, Wall Street drops
Sept 9 : Brent crude prices surged past $100 a barrel on Wednesday and Wall Street opened lower, as escalating conflict in the Middle East fuelled worries about energy-driven inflation ahead of several major central bank decisions.Brent crude futures rose as much as 3 per cent to a session high of $100.95, br
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Chime shares jump as Stride deal puts fintech on path to bank charter
Sept 9 : Chime shares climbed 7 per cent in morning trading on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business.Over the past few years, Chime has emerged as a major challenger to traditional banking heavyweights,
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DBS sued for US$1 billion in 1MDB-linked claim
DBS rejected the claim and said it would fight it vigorously, adding that the company has made no provision for the lawsuit.
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Singapore studying food donations past ‘best by’ date; MPs back motion on food resilience, waste reduction
Each person in Singapore generates about 128kg of food waste annually, said MP Poh Li San, one of the motion’s proposers.
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Antonelli faces Monumental challenge at new Madring circuit
MADRID, Sept 9 : Kimi Antonelli is Formula One’s man of the moment but Mercedes’ 20-year-old championship leader faces a Monumental challenge in Spain this weekend, along with all his rivals.Fresh from becoming the first Italian since 1966 to win his home race at Monza, Antonelli will be entering new territor
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Elbit Systems launches AI-based autonomous defence tech unit
ROSH HAAYIN, Israel, Sept 9 : Elbit Systems, Israel’s largest defence firm, on Wednesday launched a unit called Fuse that will focus on AI-based defence technologies such as autonomous drones and other military systems.• Fuse consolidates Elbit’s many defence technologies into one unit.• The compan
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Johor police bust gangs linked to 17 car break-ins, including 4 Singapore vehicles at Desaru resorts
Johor police said the suspects targeted vehicles parked in open areas and along quiet roads.
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