Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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US dollar finds footing after Fed hold and Iran air strikes
July 30 : The dollar found its footing on Thursday after the Federal Reserve kept its policy interest rate on hold and Chair Kevin Warsh left markets guessing about how divisions on its rate-setting committee would resolve.The greenback rose against most major currencies after the U.S. said it was conducting
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Hyundai Motor India posts quarterly profit drop as costs, production disruption weigh
July 30 : Hyundai Motor India reported a 35.1 per cent drop in first-quarter profit on Thursday, hurt by a jump in costs as well as a production disruption at its Chennai plant.The unit of South Korea’s Hyundai Motor reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from
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South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea’s four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation’s major refiners, import
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China’s next chapter in South Africa: From building projects to putting down roots
For years, China’s presence in South Africa was defined by major infrastructure projects and booming trade. Now, more Chinese companies are shifting to establishing a lasting presence as both countries navigate changing economic realities.
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Analysis:Meta’s AI splurge lays bare its compute conundrum
July 30 : Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The problem is: investors aren’t buying it.The Instagram owner is splurging billions to build compute – chips, servers, energy and data centers
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India’s Swiggy posts narrower loss as quick commerce arm hits contribution break-even
July 30 : India’s Swiggy Ltd on Thursday posted a narrower quarterly loss by 34 per cent, buoyed by healthy demand for its food delivery and as its quick commerce arm hit a contribution break-even. The Instamart-owner reported a consolidated net loss of 7.91 billion rupees ($82.67 million) for the April-June
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Chelsea sign French defender Lacroix from Crystal Palace
July 30 : Chelsea have signed defender Maxence Lacroix from Crystal Palace on a deal until 2032, the Premier League club said on Thursday.British media reported that Chelsea paid £52 million ($69.6 million) for the France international.”Lacroix arrives at Chelsea with the reputation of being among E
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Singapore group will develop ‘most promising’ Ebola vaccine
The Singapore-based Hilleman Laboratories announced it would advance the rVSV Bundibugyo jab so it can be tested on humans during clinical trials.
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No more Marmite in Singapore? What this means for your favourite dishes at local restaurants
Some restaurants are relying on existing stock, while others are searching for alternative ingredients and suppliers or preparing to remove Marmite dishes from their menus altogether.
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Le Clos sets new record medal count for Commonwealth Games
GLASGOW, July 30 : Veteran South African swimmer Chad le Clos won a 21st Commonwealth Games medal late on Wednesday to overtake Australia’s Emma McKeon as the most decorated athlete in the Games’ history.The 34-year-old swam the butterfly leg as South Africa took bronze in the men’s 4×100 medley relay f
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