Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or…
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Dollar hovers near two-month high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar hovered close to a two-month high on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per cent range as…
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Stocks slip as Fed rate outlook offsets optimism over Iran deal
LONDON, June 18 : Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve’s meeting and optimism over the reopening of the Strait of Hormuz.The United States and Iran on Wednesday released the text of their agreement, which extends a
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Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, including
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South Korea launches company to manage US$350 billion US investment pledge
The Korea-US Strategic Investment Corporation will manage and implement a US$350 billion investment pledge.
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Semiconductor firms, data centres in Singapore step up efforts to cut water use
The data centre and chipmaking industries are highly water-intensive, requiring large volumes for chip manufacturing and cooling operations.
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Miyeon of K-pop girl group I-dle reviews Singapore ang ku kueh in new video
On Wednesday (Jun 17), Miyeon – a member of K-pop group I-dle – appeared in a video showing her reviewing ang ku kueh from Singapore.
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South Korea to keep fuel price ceilings as US-Iran deal impact assessed, media reports
SEOUL, June 18 : South Korea will keep its current fuel price ceilings in place until there is more clarity on a U.S.-Iran agreement and its impact on global oil markets, local media reported on Thursday.Yang Gi-wook, a senior industry ministry official, told a briefing that the government would decide on the
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China unveils white paper on global governance, calls for stronger Global South representation
This comes as Beijing seeks to position itself as a champion of multilateralism amid growing geopolitical tensions.
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South Korean leader books golf with Trump after ‘pinky promise’
SEOUL: South Korean President Lee Jae Myung said he may need to prepare for a round of golf with Donald Trump after receiving a “pinky promise” from the US president at G7 talks in France.The two leaders met over dinner at the summit in Evian this week, where they discussed South Korea’s long-standing rivalry
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