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Think-tank says many departments likely to suffer further budget cuts

Opposition would maintain higher income tax thresholds announced in the Budget

Britain's IG Group Holdings Plc named former bank and technology firm executive June Felix as its new chief executive on Tuesday, as it and other online financial trading firms face up to a European regulatory clampdown.

Shares in China rebounded on Tuesday after securities regulator pledged to enhance market liquidity, but comments from U.S. President Donald Trump that new tariffs on China are "waiting to go if we can't make a deal" underscored market uncertainty over trade. ** The CSI300 index ended 1.1 percent higher at 3,110.26...

Malaysia will file a legal challenge to a 2017 consent award granted to Abu Dhabi fund IPIC in a debt dispute with scandal-hit state fund 1MDB, its attorney general said on Tuesday.

Spain's BBVA said on Tuesday its third-quarter net profit rose 46 percent, buoyed by one-off capital gains in Chile and a solid performance in Mexico that partially offset pressure on lending income.

Norwegian Finans Holding, the owner of the fast growing lender Bank Norwegian, reported on Tuesday a surge in loan loss provisions in the third quarter amid problems at its Finnish unit.

China reiterated it will reduce banks' reliance on collateral for loans to smaller companies to boost credit support for those businesses, official from the country's banking and insurance regulator said on Tuesday.

* CBIRC to support banks to issue special bonds for lending to small firms

Australia shares reversed course to end higher on Tuesday as Chinese equities rose on fresh attempts by Beijing to stabilize its markets, though underlying sentiment remained fragile in an environment of heightened volatility in global financial markets.

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