Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Oil extends gains, stocks drop as Trump issues fresh Iran warning
HONG KONG: Oil prices extended gains on Tuesday (Sep 1) amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the weekend and Donald Trump’s warning that he will hit the country “hard”.The latest bout of strikes between the foes has further stoked worries
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Japan capital spending gathers pace, bolstering economic outlook and BOJ hike case
TOKYO, Sept 1 : Japanese companies increased their pace of spending on plant and equipment in April-June, a sign of business confidence that could prompt an upgrade to the economic growth outlook and support the case for near-term rate hikes by the Bank of Japan.Capital spending in the second quarter ros
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Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Sept 1 : Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude futures were up 56 cents, or 0.6 per cent, to $91.05 a barrel at 0044 GMT, while U.S. West Texas…
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Nepal PM demands climate action after Himalayan disaster
“It is now time for us to strongly raise with the international community the issue of the disasters we are experiencing as a result of climate change,” said Nepali Prime Minister Balendra Shah.
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Jury finds ex-gang leader guilty of murder in Tupac case
A 12-person jury unanimously found Duane “Keffe D” Davis guilty of first-degree murder with a deadly weapon for the 1996 killing of legendary hip-hop artist Tupac Shakur.
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Fast-fashion giant Shein set to open flat in Hong Kong market debut
HONG KONG, Sept 1 : Shares in fast fashion giant Shein were set open flat in their Hong Kong market debut on Tuesday, hurt by numerous setbacks that have long delayed its listing and undermined the foundations of its business.Known globally for selling $5 tops and $10 dresses, Shein has been humbled by tariff
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South Korea proposes $599 billion 2027 budget, to boost chips and defence spending
SEOUL, Sept 1 : South Korea on Tuesday proposed an 821 trillion won ($598.79 billion) government budget for 2027, including special funding for its semiconductor industry and strategic weapons, the budget minister said in a cabinet meeting. The government earmarked 2.6 trillion won for a special semiconductor
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Shein shares slide 10% in long-awaited Hong Kong trading debut
HONG KONG, Sept 1 : Online fashion retailer Shein’s shares tumbled about 10 per cent in early Hong Kong trading on Tuesday as the company made its long awaited debut, capping a years-long effort to go public.The stock began trading at HK$48.56 each, in line with the final price set in the initial public offer
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Key player Kushner regrets the way FIFA private investment proposal played out
Aug 31 : Venture capitalist Josh Kushner said his company Thrive would not have become involved in FIFA President Gianni Infantino’s proposal to sell part of the commercial rights of the World Cup to private investors if they had known how it would play out.Kushner, the brother of Jared Kushner, son-in-law of
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Katseye’s Sophia not joining group on Wildworld tour
Katseye are due to start their Wildworld jaunt on Sep 1, and will be performing at venues in Europe, the UK and North America on the tour.
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