China's proposed bank deposit insurance scheme will be an important development for further financial reforms, reducing financial risks and rebalancing the economy, said Fitch in its latest report.
China is to adopt a deposit insurance scheme to better protect savers and free up interest rates.
Brazil's state-owned oil and gas giant Petrobras announced Tuesday that it would set up a new governance, risk and compliance directorship to deal with its involvement in a corruption scheme.
Portugal named Anabela Rodrigues as Minister of Internal Administration on Tuesday after Miguel Macedo stepped down on Sunday amidst a corruption scandal over the country's golden visa scheme.
Overdue payments for rice-pledging scheme remained a big headache for Thai caretaker government as Yingluck's cabinet has failed to seek loans.
The Labor government's new national disability care scheme, which lead to a 0.5 percentage point increase of the Medicare levy, could be put the legislation to Parliament before the election, Prime Minister Julia Gillard said on Thursday.
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