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South Korea vows to support credit cooperative hit by withdrawals

South Korean authorities pledged on Thursday to ensure liquidity at a local credit cooperative that has seen one of its branches hit by customer withdrawals after media reports about a rise in non-performing loans related to real estate projects.

Seoul , Soult-ukpyolsi , South-korea , Namyangju , Kyonggi-do , South-korean , Jihoon-lee , Kwon-dae-young , Edwina-gibbs , Han-chang-seob , Ed-davies , Reuters

Russia's Sberbank CEO says rouble not at optimal level, needs to strengthen

German Gref, CEO of Russia's dominant lender Sberbank, on Thursday said the rouble was not at an optimal level and needed to strengthen, the RIA news agency cited him as saying.

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UPDATE 1-ECB's Enria wants euro zone banks out of Russia faster

The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday.

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Japan's Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for $467 mln

Mitsubishi UFJ Financial Group said on Monday it would buy Mandala Multifinance , a major auto loan provider in Indonesia, for 7 trillion rupiah ($467 million) to deepen its Asian presence and tap growth in consumption in emerging markets.

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RPT-Singapore to unveil improved family office tax incentives - minister

Singapore's central bank will announce improved tax incentives in July to recognise the charitable contributions of family offices - companies that manage wealthy families' assets, a senior minister said on Friday.

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Analysis-China moves to shut a lifeline for cash-strapped local governments

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.

Gaomi , Shandong , China , Singapore , Shouguang , Beijing , Jiangsu , Shanghai , Chinese , Zhu-yangmo , Samuel-shen , Jason-xue

South Korea to gradually normalise regulations on banks

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)

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Sri Lankan shares close lower as financials, consumer staples fall

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.

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