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Hasnita is new chairman of Maybank IB
KUALA LUMPUR: The Maybank Group has appointed Hasnita Hashim as chairman of Maybank Kim Eng Holdings Ltd and Maybank Investment Bank effective Nov 2.
Race for Silterra heats up
Two new bids for Khazanah’s chipmaker by Green Packet
China's shock suspension of Ant IPO lauded as necessary by state media
SHANGHAI/HONG KONG: China's shock move to suspend Ant Group's record US$37 billion listing was described as necessary and reasonable by state media as well as by some analysts, even though it came just days before its dual debuts in Shanghai and Hong Kong.
Bursa closes off intra-day high, banks and energy stocks mixed
KUALA LUMPUR: Bursa Malaysia closed off the day's best on Wednesday while banks, energy and plantation stocks were mixed despite gains in crude palm oil (CPO) and oil prices.
Beijing promotes innovation capacity of enterprises
BEIJING: China will promote the innovation capacity of its enterprises and strengthen the dominant role of enterprises in innovation, according to the full text of the Communist Party of China Central Committee’s development proposals.
Eppendorf moves to PJ
KUALA LUMPUR: Malaysia continues to be a choice investment location for multinational companies despite the current global uncertainty, with the Eppendorf Group, a leading German life science company, moving to its new facility in Petaling Jaya
Opec would miss 'friend Trump', wary of strains under Biden
LONDON/DUBAI: Key members of Opec are wary that strains in the Opec+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
Pfizer and BioNTech say their Covid-19 vaccine is over 90% effective
(Reuters) - Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective, a major victory in the fight against a pandemic that has killed more than a million people, battered the world's economy and upended daily life.
Pfizer, BioNTech's full statement on Covid-19 vaccine
Vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis
Short sellers lost billions as travel and leisure stocks rallied
LONDON/NEW YORK: Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns.
