TOKYO - Asian shares drifted lower on Tuesday, with momentum from prior gains fading as investors were left short of cues with the U.S. markets closed on Monday, while the euro continued to probe one-year lows in the uncertainty over the European Central Bank's policy decision later this week.
MUMBAI - Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a notification on Monday, amending some guidelines on Basel III implementation in India.
At least 1,420 people were killed in Iraq in August as sectarian violence raged in the country's centre and north, the United Nations said on Monday. Full Article
Journalist Reema Abbasi's “Historic Temples in Pakistan: A Call to Conscience” is a book-length attempt to record in pictures the history of an Islamic country’s Hindu past, especially as extremist activity mounts against Pakistan’s religious and ethnic minorities, including Ahmadis, Christians, Sikhs and Shia Muslims. Full Article
Modi In Japan
Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with Prime Minister Narendra Modi lashing out at the "expansionism" of some nations. Full Article
Shame. It’s a word I often hear when speaking to women in India, where a combination of patriarchy, misogyny and extreme conservatism makes women feel ashamed of the crimes being committed against them. They are ashamed of being sexually harassed, ashamed for being molested and ashamed after suffering a beating. Full Article
The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go. Full Article
Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers. Full Article
Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies. Full Article
Oscar-winning actress Jennifer Lawrence has contacted authorities to investigate who stole and posted nude images of her online, a spokeswoman said on Monday, part of a reported mass hacking of celebrities' intimate photos. Full Article