Pressure is mounting on China's cash-strapped local governments as authorities move to shut a private funding route for their financing arms, according to planned new rules and people familiar with their aims, raising credit risks and default worries.
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)
Portuguese conglomerate Semapa has bought electric bike frame manufacturer Triangle's Cycling Equipments for 178.7 million euros ($195.2 million), part of its move into businesses geared towards decarbonisation, it said on Tuesday.
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.