Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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South Korea to closely watch risks around stock market volatility
SEOUL, July 8 : South Korea’s finance minister agreed on Wednesday with other economic policymakers to closely monitor risk factors that could heighten stock market volatility, the ministry said.Stock market volatility has increased recently on foreign and institutional selling for profit-taking and rebalanci
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South Korean chip stocks slide after overnight US selloff on AI boom concerns
SEOUL, July 8 : Shares of South Korean memory chipmakers Samsung Electronics and SK Hynix fell as much as 4.4 per cent and 5 per cent, respectively, in early morning trade on Wednesday, tracking a broad selloff in U.S. semiconductor stocks after investors grew increasingly concerned about the sustainability of the A
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Japan considering tweaking blueprint language on BOJ, Nikkei reports
TOKYO, July 8 : Japan’s government is considering tweaking language on monetary policy in its economic blueprint, the Nikkei newspaper reported on Wednesday.In a draft economic blueprint released last month, the government called on the Bank of Japan to align monetary policy with government efforts to boost g
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Amazon aims to raise $25 billion from bond sale
July 7 : Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company’s latest push to fund its hefty AI investments.Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including A
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US strikes Iran after Hormuz tanker attacks, Tehran threatens response
US Central Command said the strikes were carried out “to impose heavy costs” for attacks on commercial shipping.
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US oil prices jump after US military launches strikes against Iran
TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session’s gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.The strikes against Iran were in response to Iranian attacks
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At Chanel, Matthieu Blazy turns couture into a dark fairy tale
At his second Chanel couture show in Paris, Blazy drew on Gabrielle Chanel’s life, storybook motifs and everyday realities to make the house feel lighter, stranger and more alive.
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Switzerland beat Colombia on penalties to reach World Cup quarter-finals
VANCOUVER: Switzerland beat Colombia 4-3 on penalties after a goalless draw on Tuesday (Jul 7) to set up a quarter-final with defending champions Argentina.The two teams cancelled e
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Japan asset managers pursue global investor mandates as yen bond demand grows
TOKYO, July 8 : Japanese asset managers, including the units of Mizuho and Nomura, are rushing to launch bond funds to meet soaring interest in Japanese debt as higher interest rates mean attractive yields for the first time in decades.The market is deepening as more Japanese firms issue bonds as a source of
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European football revenue breaks €40 billion but growth is slowing, says Deloitte
July 8 : European football surpassed €40 billion ($46 billion) in revenue for the first time in the 2024-25 season, but growth is showing signs of stalling, Deloitte said in its annual review of football finance.Football across the continent generated €40.2 billion in the season that ended in mid-2025, up
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