Markets

With so many countries relying on India for vaccines, India’s devastating second wave is threatening vaccination progress globally, says a lecturer.

KUALA LUMPUR: Malaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than US$23 billion in assets from entities and people allegedly involved in defrauding the firms, the finance ministry said on Monday ...

World stocks ticked up to new peaks on Monday on bets interest rates will remain low and the economy continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

TAIPEI: Taiwan will quarantine all pilots for its largest carrier China Airlines for 14 days as it tries to stop an outbreak of COVID-19 among its crew, effectively grounding the airline, the health minister said on Monday (May 10). While Taiwan has generally kept the pandemic well under control...

SINGAPORE: German biotechnology firm BioNTech, which partnered Pfizer to develop a COVID-19 vaccine using messenger RNA (mRNA) technology, will set up its regional headquarters in Singapore, along with a fully integrated mRNA manufacturing facility.  The new manufacturing facility, supported by ...

SINGAPORE: Retired former minister Khaw Boon Wan will be the chairman of the not-for-profit entity that will oversee Singapore Press Holdings' (SPH) media business when it is hived off, said Communications and Information Minister S Iswaran on Monday (May 10). SPH said last week that it will ...

The Philippine central bank is expected to keep its benchmark interest rate at a record low on Thursday, after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed.

SHANGHAI: Shares of Chinese healthcare firms soared on Monday (May 10), rebounding from last week's drubbing after a US proposal to waive patents for COVID-19 vaccines met with fierce opposition from European governments and pharmaceutical giants. A sub-index tracking health care firms was 1.83 ...

Japan's economy likely shrank in the first quarter as the hit to consumption from coronavirus curbs offset the boost from robust global demand, a Reuters poll showed, highlighting the country's slow recovery from a pandemic-induced slump.

TOKYO: Nomura Holdings said on Monday (May 10) it will team up with Auckland-based investment and advisory firm Jarden Group Ltd in New Zealand and Australia, as Japan's biggest investment bank and brokerage seeks to expand its global presence. The alliance includes supporting clients across ...