SEOUL (AP) - South Korea's government said on Wednesday it will tackle massive debts at inefficient state-owned companies by ending lax management and cutting excessive perks for workers.
Share prices on the Singapore bourse fell with the benchmark Straits Times Index ending the day lower by 20.98 points or 0.7 per cent to 3,060.74.
SHANGHAI (REUTERS) - The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China's capital controls.
MUMBAI (REUTERS) - India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard & Poor's said on Wednesday.
Private sector economists have become more bullish in their outlook for the Singapore economy this year, predicting more robust growth and milder inflation.