SYDNEY (Reuters) - Ratings agency Standard and Poor’s weakened its risk assessment criteria to win business and turn out high ratings on opaque debt products that started to unwind during the global financial crisis, an Australian court heard on Monday.
DHAKA (Reuters) - A Bangladeshi court is due to decide on Monday whether to grant bail to former Prime Minister Khaleda Zia who was jailed last month for five years for graft, with its decision likely to have far-reaching ramifications for politics and security.
SEOUL (Reuters) - A South Korean lawmaker submitted his resignation to the National Assembly on Monday and abandoned ambitions to become Seoul’s mayor, becoming the latest casualty in a spate of embarrassing allegations against members of the ruling party.
BEIJING (Reuters) - Chinese state media on Monday attacked criticism of a vote to end presidential term limits, which effectively allows President Xi Jinping to stay in office indefinitely, saying the key to China’s path was following the Communist Party.
AMMAN (Reuters) - The Syrian rebel-held city of Douma faces a “catastrophic” situation as it becomes the main haven for thousands of people fleeing advances by government forces into eastern Ghouta, its local council said on Monday.