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Hong Kong shares jump on China policy hopes, global re-opening
HONG KONG shares ended higher on Tuesday, mirroring a broader rally across Asia, as investors welcomed the promise of more stimulus in China and the gradual re-opening of the global economy.
Acleda Bank celebrates successful entry at Cambodia's Stock Exchange
PHNOM PENH: Cambodian commercial bank Acleda made its debut on the Cambodia Securities Exchange (CSX) on Monday after an initial public offering (IPO) raised US$17.5 million. The locally-owned bank becomes the sixth equity-listed firm and is the first commercial bank that issued its IPO on the kingdom's bourse.
US writer Joyce Carol Oates wins France's richest book prize
Multifaceted author Joyce Carol Oates, so often a bridesmaid for the Nobel literature prize, has won France's richest books prize.
Macau gambling king Stanley Ho dies aged 98
HONG KONG (Reuters) - Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.
Food delivery giant Meituan’s sales beat estimates
MEITUAN Dianping’s shares soared after it reported a smaller than expected 13% slide in revenue that drove hopes the world’s largest meal delivery business is starting to recover as China emerges from Covid-19 lockdowns.
Japan shares hit 10-week peak, S&P 500 tests 3,000
SYDNEY: Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
Japan gives up approving Fujifilm's Avigan drug for Covid-19 by May-end
TOKYO: Japan's government has given up on approving Fujifilm Holdings Corp's Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported on Tuesday (May 25) citing a government official.
Fujifilm research into COVID-19 drug spills into June, dashing hope of May approval
TOKYO (Reuters) - Research into Fujifilm Holdings Corp's Avigan will continue into June, Japan's government said on Tuesday, effectively dashing hopes by Prime Minister Shinzo Abe that the drug would be approved as a COVID-19 treatment this month.
Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up
NEW YORK: Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
Asian shares creep ahead
SYDNEY: Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy