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Xinhua world news summary at 1030 GMT, Sept. 27

TOKYO — Japan’s Shinsei Bank on Monday refused a proposal from SBI Holdings Inc. to conditionally extend its unsolicited tender offer for the bank until November, local media reported Monday.

Shinsei said its proposed extension to Dec. 8 would give shareholders sufficient time to assess the information provided and better make decisions on whether to tender their shares. The bank is preparing to launch a defens