Factbox: India's stringent labor laws

(Reuters) - India has a slew of laws and rules that shape the labor market, regulating the terms of work, hiring and firing, and the working conditions.

Philippine Bonds Decline on Plan to Auction 10-Year Debt

Philippine bonds due 2023 fell, halting a two-day gain, after the government announced plans to sell 10-year debt for the first time in a year.

Asian Stocks Fall as Fed Official Says Rates May Rise

Asian stocks fell, with the regional benchmark index paring its seventh straight weekly gain, as a Federal Reserve official said the U.S. may raise interest rates by March.

China to set yuan clearing bank in Sydney: Australia

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said Thursday as Beijing seeks to make the tightly-controlled unit more international.

Singapore to Require Banks to Hold Liquid Assets for Crises

Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress.

Japan reveals plans to cut corporate tax to below 30%

Japan has unveiled plans to cut the country's corporate tax to below 30% in several stages starting next year.

India to present federal budget on July 10: government sources

(Reuters) - India's new finance minister Arun Jaitley will present the federal budget for the 2014/15 financial year on July 10, government sources said, three days after the parliament begins its budget session.