Barclays scraps EU bonus cap for senior bankers
Barclays has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday.
Reuters in asian news
Thailand’s disbanded Move Forward rallies support for new party: ‘this is just the start’
The party, which said the ruling set a dangerous precedent for how the constitution could be interpreted, will unveil its new name and leadership on Friday.
Philippines' GDP accelerates to 6.3% despite 'anemic' consumption
MANILA -- The Philippines' gross domestic product expanded by 6.3% in the second quarter as the government lifted spending, but headwinds such as inflation remain.
South Korean nuclear arms would cause ‘huge crack’ in US ties, roil economy: defence chief
As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk-yeol’s conservative ruling party have called in recent months for developing nuclear weapons.
New Bangladesh interim leader Yunus heads home, government to be sworn in today
The Nobel Peace laureate tapped to lead an interim government in Bangladesh called for calm and boarded a flight on Wednesday to return home, a day before his new government is expected to be sworn in to replace ousted Prime Minister Sheikh Hasina.
China's exports miss expectations in July, while imports pick up with growth of 7.2%
BEIJING — China's imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday.
India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters.
How defiant Bangladeshi army generals sealed fate of Sheikh Hasina
General Waker-Uz-Zaman then reached out to Hasina’s office, conveying to the prime minister that his soldiers would be unable to implement the lockdown she had called for, according to an Indian official briefed on the matter.