Bloomberg Malaysia’s lawmakers must submit their choice of a new prime minister to the palace by 4 pm local time on Wednesday, as the nation’s king begins the search for a successor to Muhyiddin Yassin, who resigned on Monday. Lawmakers were reminded to keep the contents of their declaration letters a secret until the king decides which MP commands the ...

Bloomberg Hong Kong’s leader said the city will cut ties with any group that gets involved in politics, as authorities in the Asian financial hub ramp up pressure on civil society organisations critical of the government. Chief Executive Carrie Lam said at a regular press briefing on Tuesday that she supported the existence of a “pluralistic society” but that several ...

Bloomberg The recent flood of US regional bank deals may be drying up. After announcing $76 billion in mergers and acquisitions so far this year — the most since 2008 — US lenders are now running out of potential partners, according to executives and investment bankers. Fewer buyers exist following takeovers by Citizens Financial Group Inc, PNC Financial Services Group ...