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Novavax aims at make one billion COVID-19 vaccine doses after buying plant
(Reuters) - Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
Twitter's fact-check label prompts Trump threat to shut down social media companies
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies for stifling conservative voices, a day after Twitter attached a warning to some of his tweets prompting readers to fact check the president's claims.
ByteDance hit US$3bil in net profit last year
TikTok’s parent ByteDance Ltd generated more than US$17bil (RM74.08bil) in revenue and more than US$3bil (RM13.07bil) of net profit last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Hong Kong unrest worries curb global shares rally
LONDON/TOKYO (Reuters): Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday (May 27), offsetting optimism about the re-opening of the world economy.
Growing confidence pushes KLCI past 1,450 mark
KUALA LUMPUR: Bursa Malaysia eked past the psychologically important resistance of 1,450 at the end of Wednesday trading as markets showed growing confidence over the recovery of the global economy.
Shanghai stock exchange mulls first revamp of benchmark in 30 years
THE Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Singapore Exchange shares post steepest drop since 2008
SINGAPORE: Shares in bourse operator Singapore Exchange Ltd suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence to offer a suite of regional equity derivatives ends in February 2021.
KLCI bounces higher as vaccine hopes rise and economies reopen
KUALA LUMPUR: The FBM KLCI bounced back to the 1,450 mark on its return from the Aidilfitri holidays, tracking Wall Street's performance as the US economy reopened and investors banked on vaccine trials.
Asean markets: Philippines extends falls on heavyweights
SINGAPORE: Philippine shares extended falls into a third session on Wednesday, dragged lower by index heavyweights such as SM Investments and Ayala Land, while Malaysian stocks rose as they tried to play catch-up after a long weekend.
Hong Kong lines up launch of MSCI derivatives
HONG KONG: Hong Kong's exchange is launching derivatives products with U.S.-based index publisher MSCI that the Singapore bourse is relinquishing, in a deal it said underpinned the territory's draw amid concerns from a new security law planned by China.