Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$
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SoftBank’s LY, Bain raise Kakaku bid again, widen lead over rival EQT offer
TOKYO, July 2 : SoftBank’s LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden’s EQT.In the legally binding offer announced late on Wednesday, LY a
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Exclusive-Japan shifts to ambush intervention tactics against yen short sellers, sources say
TOKYO, July 2 : Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, two sources familiar with the matter said.Departing from the calibrated jawboning that pr
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Chanel vs Dior: Why luxury’s two biggest reboots are under scrutiny
Matthieu Blazy has sparked immediate demand at Chanel, while Jonathan Anderson is taking a longer view at Dior. In a tougher luxury market, both houses are fighting harder for growth.
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Japan likely reaped record tax revenues last year, sources say
TOKYO, July 2 : Japan’s tax revenue likely exceeded 84 trillion yen ($516.92 billion) in fiscal 2025 to hit a record for the sixth straight year, two government sources said on Thursday.The increase may help Prime Minister Sanae Takaichi’s administration reduce its reliance on fresh debt issuance to fund big
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US coach Pochettino says Balogun did not deserve red card
SANTA CLARA, California, July 1 : United States coach Mauricio Pochettino praised his players’ unity after they saw off Bosnia 2-0 with 10 men on Wednesday but railed against Balogun’s dismissal for “accidental” contact in the round-of-32 clash.The win was the U.S.’s first in a World Cup knockout since 2002
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Russia strikes Ukraine capital with missiles and drones, wounds five
KYIV: Russian missile and drone strikes rocked Kyiv early on Thursday (Jul 2), setting off fires and wounding at least five people, after President Volodymyr Zelenskyy warned that Moscow was preparing a “massive attack”.Russia has routinely launched waves of missiles and drones at Ukrainian cities, including
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SK Hynix to build $51 billion NAND memory chip factory by 2029
SEOUL, July 2 : SK Hynix said on Thursday that it plans to invest 80 trillion won ($51.46 billion) to build a new factory for NAND memory chip production by 2029 to address a shortage driven by the AI boom. SK Hynix plans to start construction of the new fab, called M17, in the South…
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Another 70 Teochew screenings of Dear You added after repeated sellouts
The expanded run will take place from Jul 3 to 12 and will be shown across nine cinema locations, including GV Bugis+, GV Cineleisure, Shaw Lido and Shaw JEM.
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Ten-man United States beat Bosnia 2-0 to reach World Cup round of 16
SANTA CLARA, California, July 1 : The United States reached the World Cup round of 16 with a 2-0 win over Bosnia on Wednesday, with Malik Tillman scoring from a free kick to see the 10-man co-hosts home after Folarin Balogun was sent off having opened the scoring in the first half.• Tillman struck in…
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