Barclays Plc expects to axe up to 12,000 jobs this year to cut costs but it is also paying staff higher bonus - EPA Photo.
Fitch: Increased geopolitical risks in Asia-Pacific, not a ratings driver yet: While major geopolitical risks have largely been contained in Asia in recent years, the potential economic implications could be severe in the event of a sudden escalation, said Fitch Ratings. It said tensions between states could lead to impaired bilateral trade and investment and, depending on the severity, could affect investor confidence. The potential risks, it said, go beyond the region as well. — StarBiz
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