Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Former Chinese premier Zhu Rongji dies aged 97
BEIJING: Former Chinese Premier Zhu Rongji, whose market reforms helped drive China’s extraordinary economic rise, has died from illness at the age of 97, state media reported on Wednesday (Aug 12).”Former Chinese Premier Zhu Rongji died of illness at the age of 97 in Beijing at 11.06am Wednesday,” Xinhua new
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Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 : Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check.Brent futures were up 90 cents, or 1 per cent, at $89.81 a barrel by 0757 GMT, set for
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Dollar ticks up on Iran tensions, with US data in focus
Aug 12 : The U.S. dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesda
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Hedge funds upped short AI bets in July, Hazeltree says
LONDON, Aug 12 : Hedge funds upped short bets on AI-related stocks in July, according to a Wednesday report from data platform Hazeltree, part of a broad shift in the month that saw chipmaker shares tumble around the world Here are some details about hedge fund positioning in July:• Hedge funds incr
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One taken to hospital after restaurant fire at Bishan Junction 8; 120 people evacuated
An employee from a neighbouring store was taken to hospital for smoke inhalation.
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KKR offers to buy over 8% First Gen stake from parent First Philippine Holdings
Aug 12 : Philippines’ First Gen Corp said on Wednesday that global investment firm KKR has offered to buy 8.43 per cent of the shares held by First Philippine Holdings Corp in the power producer.Here are some details: • FPH, which holds 67.84 per cent in First Gen, said in a separate statement tha
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‘Would have meant the world’: Fans disappointed, scalpers resell sold-out Singapore-Thailand football tickets
Tickets for the Lions’ home match against Thailand were snapped up almost as soon as they became available.
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IEA cuts 2026 oil demand forecast again as Hormuz remains shut
PARIS: The International Energy Agency on Wednesday (Aug 12) sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers.
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Woman cheats 33 victims of nearly S$2 million with travel deals, Taylor Swift tickets and investment scam
Among her victims were ordinary travel customers, Taylor Swift concertgoers, men she dated, as well as her friends and their partners.
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Bank of America launches $250 billion initiative for US tech, energy infrastructure
Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, an initiative it says will bolster the country’s economic growth and help create tens of thousands of jobs.The Wall Street bank’s “Critical Infrastructure Fina
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