Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Bank of England softens stablecoin rules in final policy draft
LONDON, June 22 : The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market, though some in the industry said the changes fell short of enabling an internationally competitive sector. The BoE, which is final
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Oaktree-backed ITG targets $2.7 billion valuation in US IPO
June 22 : Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand and benefit from a busy summer IPO window.The post-SpaceX IPO market has remained busy as companies rush to seize the str
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China launches probe after media reports of contaminated diapers
BEIJING: Chinese authorities have launched an investigation after local media reported that a rash-causing irritant had been found in nappies from brands including Huggies, Beijing’s market watchdog said on Monday (Jun 22).A report from Chinese outlet Economic Information Daily last week said diapers from Hug
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Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100
Greenspan, who was the Federal Reserve chairman from 1987 to 2006, oversaw the second-longest economic expansion in US history.
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Amazon Prime Day to gauge US consumer strain as focus shifts to basics
NEW YORK, June 22 : Amazon Prime Day starting on Tuesday will be a litmus test of U.S. shoppers’ spending power, with the earlier-than-usual sales event increasingly centered on perishable groceries, household basics and back-to-school needs rather than carefree splurges.The four-day blitz running June 23 to
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SpaceX launches notes offering, discloses $100.8 billion cash balance
June 22 : SpaceX said on Monday it launched an offering of senior unsecured notes and disclosed that it held about $100.8 billion in cash and cash equivalents as of June 19.Elon Musk’s rockets-to-AI company debuted on the Nasdaq on June 12 after the record-setting $75 billion IPO, making it one of the world’s
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Indonesia announces US$1.48 billion stimulus, mostly for food handouts
JAKARTA: The Indonesian government will launch a stimulus package for the second half of 2026 worth 26.34 trillion rupiah (US$1.48 billion), with the aim of boosting economic growth, the country’s Coordinating Economic Ministry said on Monday (Jun 22) during a presentation.
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Germany defender Schlotterbeck out of World Cup with ankle injury
BOSTON, Massachusetts, June 22 : Germany central defender Nico Schlotterbeck will miss the rest of the World Cup and will be sidelined for several months after picking up an ankle ligament injury in their 2-1 Group E victory over Ivory Coast on Saturday, the team said on Monday.Schlotterbeck, a starting centr
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Chevron signs power supply deal with Microsoft for Texas data center
June 22 : Chevron said on Monday it has signed a 20-year deal with Microsoft to provide natural-gas fired power for a proposed data center in West Texas.Technology companies, including Microsoft, are rushing to secure electricity supply for their rapidly expanding data centers that would power AI services
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Malaysia’s anti-graft agency launches probe into elephants’ transfer to Japan zoo
In March, three elephants – Dara, Amoi and Kelat – were relocated from Taiping Zoo in Perak to Tennoji Zoo in Osaka under a 25-year conservation and research agreement between the two institutions.
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