South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country's financial regulator said on Tuesday. (Reporting by Jihoon Lee Editing by Ed Davies)
Sri Lankan shares closed lower on Tuesday, dragged down by losses in financial and consumer staple stocks, although gains in communication services capped further decline.
The Australian and New Zealand dollars eased off multi-week highs on Monday as a U.S. holiday offered an excuse to consolidate recent sharp gains, while a hawkish outlook for Australian rates underpinned a major rally on the yen.
Any inflows of foreign funds to Turkey should be used to replenish central bank reserves, not to strengthen the lira, a top member of leading business association TUSIAD said on Friday.