Asian markets swing as traders mull dark outlook

HONG KONG (AFP): Asian markets fluctuated Wednesday (May 25), with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Singapore economy expands 3.7% in Q1 2022

SINGAPORE: The Singapore economy grew by 3.7 per cent on a year-on-year basis in the first quarter of 2022, moderating from the 6.1 per cent expansion in the previous quarter, the republic’s Ministry of Trade and Industry (MTI) said.

Earnings upgrades for Sports Toto

PETALING JAYA: Sports Toto Bhd saw a slew of earnings upgrades after the gaming and auto group reported financial results which came in mostly above analysts’ expectations.

Pakistan-IMF loan talks going well, take ‘bit of time’

JPMorgan ups forecast amid expenditure queries

Investors assured of growth despite cost questions

Covid-19: Pfizer says its vaccine is 80% effective for kids under five

LOS ANGELES: Pfizer and its German partner BioNTech said that preliminary clinical data shows their three-dose Covid-19 vaccine regimen is 80% effective for children aged from six months to five years old at preventing illness during the Omicron wave.

U.S. appeals court rejects most of Florida social media law

(Reuters) - Most of a Florida law that sought to stop social media companies from restricting users' political speech violates the companies' free speech rights and cannot be enforced, a federal appeals court ruled on Monday, agreeing with a lower court.

Israel raises interest rate for 2nd time in 2 months

JERUSALEM, May 23 (Xinhua) -- Israel's central bank on Monday raised the benchmark interest rate from 0.35 to 0.75 percent, in the second rate hike in two months, to curb the inflation.

Pfizer says COVID shot 80 percent effective in young kids

LOS ANGELES, May 23 (Xinhua) -- Pfizer and its German partner BioNTech said Monday that preliminary clinical data showed their three-dose COVID-19 vaccine regimen was 80 percent effective for children 6 months to 5 years old at preventing illness during the Omicron wave.

Home prices still on the rise, says Rightmove

LONDON: Asking prices for houses in Britain surged again in May, pushed up by a lack of new homes coming onto the market rather than strong demand, which looks set to fade as the cost-of-living crunch tightens, a survey showed yesterday.