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The conglomerate says the deal would improve capital allocation and operational efficiency[KUALA LUMPUR] Genting Bhd has unveiled plans to buy out the minority shareholders of its subsidiary Genting Malaysia (GENM) in a RM6.7 billion (S$2.1 billion) deal that would lead to the gaming and hospitality arm’s delisting from Bursa Malaysia.In a filing to the stock exchange on Monday (Oct 13), Genting said it has launched a conditional voluntary takeover offer at RM2.35 a share, representing a premium of almost 10 per cent to GENM’s last-traded price of RM2.14 on Friday, before trading on its stock was suspended.Trading in both Genting…

Kemi Badenoch has accused the government of a “cover-up” over the collapse of a China spy trial.The Tory leader said there were a “lot of questions to answer” as to why the trial involving two men did not proceed. Politics latest: Starmer pledges support for Middle East peace planIt is expected that ministers will have to answer questions about the case today, as parliament returns from recess.In particular, there are questions around the role played by Jonathan Powell, the prime minister’s national security adviser, in the trial not going ahead. Ministers have repeatedly said Mr Powell played no role in…

RELIABILITY is for losers. Strength keeps superpowers safe. Some version of that bleak philosophy appears to unite the supreme leaders of China and America. After some weeks of fragile calm, their trade war is roaring back to life. Officials answering to Xi Jinping and Donald Trump keep exchanging threats and counter-threats. With each round, the two giants give trade partners fresh reasons to fear dependence on them. Neither seems to care.On Thursday (Oct 9), China unveiled new curbs on exports of rare earth minerals and things made from them, including permanent magnets used in everything from passenger cars to fighter…

Immigrants selling food, flowers and other merchandise along the sidewalks of California will have new privacy protections intended to keep their identities secret from federal immigration agents. The measure, signed into law this past week by Democratic Gov. Gavin Newsom, comes on the heels of other recently enacted state laws meant to shield students in schools and patients at health care facilities from the reach of President Donald Trump’s immigration enforcement actions. Democratic-led states are adding laws resisting Trump even as he intensifies his deportation campaign by seeking to deploy National Guard troops to Democratic-led cities to reinforce U.S. Immigration…

Nasdaq proposes raising minimum public float and fundraising requirements; is enforcing faster suspension and delisting procedures for companies that fail to meet ongoing standardsCHINESE companies pursuing overseas listings are at a crossroads. For years, the US – and especially Nasdaq – has been a preferred market for Chinese initial public offerings (IPOs), giving companies high valuations and access to a global investor base. But that path may be narrowing.The tech-heavy bourse, which hosts more than 80 per cent of US-listed Chinese companies, has proposed raising the minimum public float and fundraising requirements, while enforcing faster suspension and delisting procedures for…

Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks[JAKARTA] Indonesia is considering injecting more liquidity into the country’s state banks, its finance minister said on Monday (Oct 13) after a meeting with economists, bankers and brokerage executives.Purbaya Yudhi Sadewa did not specify the amount, adding that the government was still reviewing the impact of a recent 200 trillion rupiah (S$15.7 billion) injection of liquidity for state banks, which was given to boost lending as a way to stimulate economic growth.“We will see how it’s going in the future. I think it’s showing very…

JAKARTA [Reuters] -Indonesia is considering injecting more liquidity into the country’s state banks, its finance minister said on Monday after a meeting with economists, bankers and brokerage executives.Purbaya Yudhi Sadewa did not specify the amount, adding that the government was still reviewing the impact of a recent 200 trillion rupiah ($12.08 billion) injection of liquidity for state banks, which was given to boost lending as a way to stimulate economic growth.”We will see how it’s going in the future. I think it’s showing very good progress … we will add more as needed,” he told reporters after a meeting at…

BANGKOK — BANGKOK (AP) — China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures announced over the weekend.In the latest escalation of the trade war between the two nations, Trump issued the tariff threat on all Chinese imports into the U.S. after China placed stricter restrictions Thursday on rare earths, a vital resource used in electronics. The Chinese announcement was an apparent surprise to Trump, who called it an “out of the blue” move. While…

All the talk about the decline of the Kansas City Chiefs was premature.With Patrick Mahomes doing his magic and a stout defense, the Chiefs can beat anybody.A convincing 30-17 victory over the Detroit Lions in front of a national audience on Sunday night lifted the Chiefs to 3-3.They’ve got a long way to go but they’re a much better team than the one that started 0-2. Critics were wondering if it was the end of Kansas City’s dynasty.But the Chiefs just need to get healthy and work out some kinks.Mahomes and the offense have regained their mojo and will get…

The founder of Argentex Group, the foreign exchange group which collapsed this year amid market turmoil triggered by President Trump’s tariffs regime, has secured backing from Australia’s most powerful financial group for his latest venture.Sky News has learnt that Macquarie’s Commodities and Global Markets group has taken a minority stake in Tenora, an FX technology platform. Tenora was established earlier this year by Harry Adams, who left Argentex in the autumn of 2023.Money latest: Pension budget rumours prompt ‘erratic behaviour’ Its collapse during the summer came as its management team attempted to secure emergency funding through a sale that was…