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Genting Malaysia set for delisting as Genting Bhd launches RM6.7b takeover, offering RM2.35/share to minority shareholders
KUALA LUMPUR, Oct 13 — Genting Bhd has announced plans to privatise Genting Malaysia Bhd (GENM) through a RM6.74 billion buyout, offering RM2.35 per share to minority shareholders. The proposed acquisition involves 2.87 billion shares, representing 50.64 per cent equity
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Hackers post data of 5.7 million Qantas customers on dark web as Disney, Google and IKEA caught in global cyberattack
SYDNEY, Oct 12 — Australian airline Qantas said Sunday that data from 5.7 million customers stolen in a major cyberattack this year had been shared online, part of a leak affecting dozens of firms. Disney, Google, IKEA, Toyota, McDonalds and
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Asian markets wobble as tech bubble fears grow despite AI spending surge
HONG KONG, Oct 10 — Asian equities staggered into the weekend today following a mixed week that saw a Middle East ceasefire and huge new AI investments play off against the US shutdown and concerns about a tech bubble. While some markets
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Ben & Jerry’s co-founder sees corporate tensions persisting as Magnum takes over
NEW YORK, Oct 9 — Ice cream brand Ben & Jerry’s is set to switch corporate owners next month, but for Ben Cohen, the counterculture brand’s co-founder, it is a case of meet the new boss, same as the old boss.
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Ringgit opens nearly unchanged against US dollar ahead of Budget 2026 tabling
KUALA LUMPUR, Oct 10 — The ringgit opened nearly unchanged against the US dollar on Friday as investors stayed on the sidelines amid mixed sentiment ahead of the tabling of Budget 2026 this afternoon. At 8 am, the local note stood
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Ringgit opens higher against US dollar ahead of Budget 2026 on improved sentiment
KUALA LUMPUR, Oct 9 — The ringgit opened higher against the US dollar today, supported by improved local market sentiment ahead of Budget 2026, which is expected to be a key catalyst for the currency. At 8 am, the local
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India and Mexico emerging as key growth markets for Swiss watch industry amid US tariffs, China slump
ZURICH, Oct 9 — India and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said Wednesday. The emblematic Swiss industry “is navigating
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Gold hits record high above US$4,000 as investors seek safety from economic turmoil
NEW YORK, Oct 8 — Gold pushed through US$4,000 (RM16,877) an ounce to hit a record today, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.
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Starmer visits India to deepen business ties after clinching UK’s largest post-Brexit trade deal
MUMBAI, Oct 8 — British Prime Minister Keir Starmer begins a two-day visit to India today, joined by over a hundred leaders from the business, culture and university sectors in an effort to promote a recently signed trade deal. Britain
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Ringgit inches up as buying interest returns ahead of Budget 2026
KUALA LUMPUR, Oct 7 — The ringgit closed marginally higher on Tuesday against the US dollar amid renewed buying interest. At 6pm, the local currency was quoted at 4.2125/2155 against the greenback, slightly firmer than Monday’s 4.2135/2180. Bank Muamalat Malaysia
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