FDA says Pfizer Covid vaccine appears to be highly effective for young children

Aiden Arthurs receives the Pfizer-BioNTech Covid-19 Vaccine from pharmacist Andrew Mac at the Jewish Federation/JARC’s offices in Bloomfield Hills, Michigan, on May 13, 2021. Jeff Kowalsky | AFP | Getty Images Federal health regulators said late Friday that kid-size doses of Pfizer’s Covid-19 vaccine appear highly effective at preventing symptomatic infections in elementary school children … Read more

China risks making ‘big mistakes’ with widespread crackdown, says ex-IMF chief economist

China risks making “big mistakes” as it cracks down on large swathes of its economy from technology, to private tutoring and real estate, said a former chief economist of the International Monetary Fund. “I worry a lot about China because to some extent they’re attacking the basis of their growth so far,” Raghuram Rajan told … Read more

Singapore’s economy grows 6.5% on year in the third quarter, missing estimates

A cyclist rides on Esplanade bridge as buildings stand in the Central Business District in Singapore on Monday, July 6, 2020. Wei Leng Tay | Bloomberg | Getty Images SINGAPORE — Singapore’s economy grew 6.5% in the third quarter of 2021 compared to a year ago, official advance estimates showed on Thursday. Analysts polled by … Read more

Global bank picks Asia stock ‘winners’ to play the energy crisis

BNP Paribas identifies 19 stocks from China to India that are "direct gainers" of rising energy prices and a fuel shortage. Source link

Asia-Pacific stocks mixed; China’s trade data for September ahead

SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September. In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.398%. … Read more

Asia-Pacific stocks slip; South Korea’s markets closed for holiday

SINGAPORE — Shares in Asia-Pacific slipped in Monday morning trade as investors watched for market reaction to Friday’s big miss in U.S. jobs data. In Japan, the Nikkei 225 slipped 0.53% while the Topix index sat below the flatline. Elsewhere, shares in Australia slipped, with the S&P/ASX 200 down 0.94%. MSCI’s broadest index of Asia-Pacific … Read more

Meetings like Biden-Xi summit may be only way forward for U.S. and China, former Obama advisor says

A summit between U.S. President Joe Biden and Chinese President Xi Jinping could be the only way to find a path forward in the strategic competition between the world’s top two economies, a former White House official said Thursday.  Evan Medeiros, who was former President Barack Obama’s top advisor on Asia-Pacific, said only the top … Read more

Business insolvencies set to rise globally in 2022 — first time since Covid pandemic, research shows

Pedestrians wearing protective masks walk past an out-of-business sign outside a retail store in Harlem, New York City on August 25, 2020. Noam Galai | Getty Images Business insolvencies are set to rise in 2022 as governments withdraw support measures that have helped companies stay afloat during the Covid-19 pandemic, according to a new report … Read more

Rising cases and deaths test Singapore’s pivot to treat Covid as endemic

SINGAPORE — Rising Covid-19 infections and deaths are testing Singapore’s long-term strategy of treating the coronavirus as endemic. Around 82% of the city-state’s population has been fully vaccinated, health ministry data showed. But a surge in Covid cases — the vast majority of which have no or mild symptoms — prompted the government to tighten … Read more

China’s power crunch is a bigger concern than Evergrande, says top fund manager

China is facing power outages as a result of a coal supply shortage, tighter emissions reduction targets and greater electricity demand from manufacturers. Source link