Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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South Korea vows to soothe stock market volatility as ETF boom slows
SEOUL, Aug 4 : South Korea will take steps to curb stockmarket volatility, the finance minister said on Tuesday, amid signs of a slowdown in retail investment in single-stock leveraged exchange-traded funds (ETFs).A cap that could limit such ETFs to 20 per cent of an individual’s total investment assets was a
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Apple seeks preliminary injunction against OpenAI in trade secrets case
Aug 3 : Apple on Monday asked a U.S. judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with its trade secrets case.Apple last month sued OpenAI and the two former employees, both now work
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Japan, US likely to intervene again if yen resumes slide, ex-BOJ official says
TOKYO, Aug 4 : Japan and the United States will “certainly” conduct joint intervention again if the yen shows signs of resuming its downtrend, said Atsushi Takeuchi, a former central bank official involved in Tokyo’s market forays more than a decade ago.The yen held gains above recent 40-year lows on Monday a
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SoftBank’s AI funding plans to face reckoning at earnings
TOKYO, Aug 4 : Technology investor SoftBank Group reports first-quarter earnings on Thursday, with analysts focused on how it will fund its ongoing investment in OpenAI and the impact of rising leverage on its balance sheet.SoftBank has become one of the biggest backers of OpenAI and its ability to keep fu
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Rabobank to spend €2 billion in AI and tech as net profit stagnates
Aug 4 : Dutch bank Rabobank said it would invest €2 billion ($2.30 billion) over the next three years in data, tech and AI, as banks around the world step up their AI investments.• “Artificial intelligence, data and other new technologies will further transform the way we work. To take full advantage of t
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Status of US-Iran talks uncertain as ship struck in Hormuz
US President Donald Trump earlier said talks were underway, warning of a “last chance” for Tehran to sign a good deal, but Iran denied that negotiations were being held or planned.
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Veteran DJ Andrew Chow, formerly from Zouk, dies at age 63
Revellers will know him best as the resident DJ of Phuture in Zouk between 1996 and the early 2010s.
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Understanding the road to online radicalisation: Why platforms like Roblox are only one part of the puzzle
Experts say vulnerable teens may seek connection across multiple online platforms – from mainstream social media and gaming communities to private messaging channels – where they may become increasingly exposed to extremist content.
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Three lions die of suspected heatstroke at Japan zoo
Since mid-July, 10 of the 16 lions in Tama Zoological Park have suffered symptoms such as “loss of appetite and decreased activity”, and three lionesses died, the Tokyo zoo said in a statement.
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Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say
LONDON/HONG KONG, Aug 4 : Shein is seeking a valuation of $30 billion to $40 billion in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter said.Shein started pre-deal investor meetings last week, one per
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