5y

Jeff Bezos to step down as Amazon CEO this year

E-commerce giant’s web division head, Andy Jassy, to take over

5y

Pfizer estimates US$15 billion sales for Covid-19 vaccine this year

Company estimates full-year 2021 sales of between US$59.4 billion and US$61.4 billion

5y

Panasonic hikes full-year forecasts despite virus impact

Japanese firm now expects a ¥150 billion profit on sales of ¥6.6 trillion 

5y

Electrolux profits boosted by lockdown DIY

Company registers  net profit of 6.6 billion kronor for the full-year, up from 2.5 billion in 2019

5y

MIDF remains ‘positive’ on banking sector, expects earnings to improve

Investment bank predicts 5% loan growth in the sector this year driven by demand

5y

BP takes US$20.3 bil hit last year

British energy major says loss driven by tumbling oil prices, significant impairments and exploration write-offs

5y

SP Setia announces leadership transition

In Bursa Malaysia filing developer says changing of guard to take place in October to smoothen transition

5y

Eurozone economy shrinks less than expected in 2020

The better than expected figure for 2020 comes largely from a better performance in Germany 

5y

Govt’s financial standing remains strong: Tengku Zafrul

Finance minister says foreign inflows into bond market reflect confidence in country’s policies, direction

5y

January rubber production incentive activated

Smallholders to make claims by this month amid low rubber prices

5y

LTAT shelves Boustead privatisation plan

Fund says Covid-19 induced economic challenges forces halt to proposal

5y

German chemicals giant Bayer to produce Curevac vaccine

Company aims to produce 160 million doses in the first 12 months of next year

5y

Optimism returns as Asian, European markets lifted

Sentiment buoyed after last week’s sea of red, but virus woes cast shadow over gains