Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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SpaceX sets US$135 price for blockbuster IPO, upending Wall Street convention
SpaceX is aiming to raise US$75 billion, the most ever for an IPO, in a deal that would value it at US$1.75 trillion, immediately placing it among the top 10 most valuable US-listed firms.
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South Korea finance minister vows response to financial market volatility
SEOUL, June 4 : South Korea’s finance minister said on Thursday authorities would closely monitor risks around domestic stock, bond and foreign exchange markets and take measures to curb excessive volatility.”Minister Koo Yun-cheol emphasised he will immediately take necessary measures to respond to excessive
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SMFG aims to double sales and trading revenue to $5 billion, markets head says
TOKYO, June 4 : Japan’s Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.Rising interest rates, currency swings and record stoc
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Meta accuses Australia of breaching FTA, invokes US ‘trade action’
SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.The $1.6 trillion Facebook and Instagram owner said a proposal
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China’s Michelin-starred Wild Yeast comes to Singapore for for a two-night collaboration with Cassia at Capella
Wild Yeast in Hangzhou, increasingly viewed as one of the restaurants helping to define the future of contemporary Chinese cuisine, will bring its signature brand of Taizhou cuisine into Cassia’s Cantonese kitchen on Jun 5 and Jun 6.
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Japan electronics retailers Yamada, Edion plan merger to create sector giant
June 4 : Japan’s consumer electronics retailers Yamada Holdings and Edion Corp are planning to merge, the companies said on Thursday, in a move to create a giant chain with combined sales of around 2.5 trillion yen ($15.6 billion).Both companies indicated that their boards will meet on Friday to review the pl
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Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in ext
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North Korea’s Kim vows ‘exponential’ boost in nuclear forces
Of the planned increase, North Korean leader Kim Jong Un said: “This signifies an amazing, successful change that is beyond rhetorical description, a historic event that has set up an epochal milestone in rapidly upgrading our nuclear capabilities.”
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Singaporean brand Imi wants to change the way we think about heat styling our hair
Great-looking tresses should not come at the expense of hair health, says Imi’s founder, who set out to create hair tools that provide users with the assurance of good hair every day.
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