<div class=newsTextDataWrapInner>(June 16): Malaysian gaming giant the&nbsp;Genting Group&nbsp;and former Empire Resorts Inc&nbsp;board members will pay US$12 million to end investor litigation over the New York casino operator’s take-private buyout, according to court filings Tuesday in Delaware.</div>

<div class=newsTextDataWrapInner>The deal would resolve claims that the US$9.74-a-share transaction in November 2019 was the result of pressure by&nbsp;Genting Malaysia Bhd&nbsp;and Kien Huaty Realty III Ltd., two affiliates of the Genting Group business empire controlled by Malaysian-Chinese billionaire Tan Sri Lim Kok Thay.</div>
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Malaysian gaming giant the Genting Group and former Empire Resorts Inc. board members will pay US$12 million to end investor litigation over the New York casino operator’s take-private buyout, according to court filings Tuesday in Delaware.

Genting Group paying US$12 million to end Empire Resorts deal case

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

Singapore oil mogul declared bankrupt after empire collapsed

The Malaysian Meteorological Department (MetMalaysia) has issued a continuous rain warning at the alert level for several areas in Sabah until Dec 30.

MetMalaysia warns of continuous rain across four states

Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025.

Rapid KL extends operating hours for New Year's Eve celebrations

Back in August, Donald Trump announced that, if elected, he would try to amend the Federal Reserve Act to give the president a larger say in monetary policymaking. Now that he is heading back to the White House, is central bank independence on the chopping block?

When Trump was out of o...

The New Global Economy: What if Trump subdues the Fed?

The year 2024 has been a blockbuster one for Malaysia in terms of investment announcements, as global big names Microsoft Corp, Google LLC and more recently Oracle Corp disclosed multi-year billion-ringgit investments into the country.

A blockbuster year for foreign investment

Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.

Blue Origin fires up engines on new rocket ahead of debut launch

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

China to cut import tariffs on some recycled copper and aluminium raw materials

As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...

My Say: Health, the forgotten casualty at UN climate talks

Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Putin says Slovakia could host peace talks with Ukraine

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%.

Mortgage rates rise for second straight week, highest since July — report

President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

Trump asks Supreme Court to pause law threatening TikTok ban

The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

US may hit new debt limit as early as Jan 14, Yellen says

The year 2024 has been a blockbuster one for Malaysia in terms of investment announcements, as global big names Microsoft Corp, Google LLC and more recently Oracle Corp disclosed multi-year billion-ringgit investments into the country.

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

Trump's first actions and job data to test US market in January

Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

Crypto mogul Do Kwon to be extradited to US, Montenegro says

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

Azerbaijan Airlines pauses over half of flights to Russia after crash

Freddie Mac's latest&nbsp;Primary Mortgage Market Survey<a data-rapid_p="7" data-v9y="1" data-ylk="slk:Primary Mortgage Market Survey,;elm:context_link;itc:0;sec:content-canvas" href="https://www.foxbusiness.com/category/home-mortgage" rel="nofollow noopener" target="_blank">,</a>&nbsp;released Thursday, showed that the average rate on the benchmark&nbsp;30-year fixed mortgage&nbsp;jumped to 6.85%, up from last week's reading of 6.72%.

The Malaysian Meteorological Department (MetMalaysia) has issued a continuous rain warning at the alert level for several areas in Sabah until Dec 30.

Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025.

Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.

Back in August, Donald Trump announced that, if elected, he would try to amend the Federal Reserve Act to give the president a larger say in monetary policymaking. Now that he is heading back to the White House, is central bank independence on the chopping block?

When Trump was out of o...

As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...