Market news: Asia media round-up
Thailand opened its stock market and banks today after anti-government protests ended, while Singapore’s economy contracted a record 11.5% year-on-year in the first quarter. Qantas issued a profit warning and said it would cut 1,750 job cuts over the next few months, UBS cut 240 jobs from its bloated Asia wealth management division, and Standard & Poor’s lowered Taiwan’s sovereign rating a notch over debt level concerns.
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