Reuters

SEOUL (Reuters) - South Korea's National Pension Service (NPS), manager of the world's third-largest public pension fund, will allocate 65% of its assets in risky assets under new long-term asset allocation rules, the welfare ministry said on Thursday.

"Going forward, the fund will keep the ratio of risky assets at 65% in its strategic asset allocations and invest in various kinds of alternative assets in a swift manner within the ratio to raise... (continue reading...)

By Leika Kihara

TOKYO (Reuters) - Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central bank official who was involved in Tokyo's market forays a decade ago.

The yen jumped on Thursday on what traders suspect was the second day of intervention following such action on Monday to stem the currency's sharp declines.

ZURICH (Reuters) - The Swiss government said on Thursday that Russia has not been invited "at this stage" to talks to be held in Switzerland in mid-June aimed at helping bring about peace in the conflict between Moscow and Ukraine.

"Switzerland is convinced that Russia must be involved in this process," the Swiss government said in a statement. "A peace process without Russia is not possible."

(Reporting by Dave Graham; Editing by Miranda Murray)

By Diana Novak Jones

(Reuters) - Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats.

The company, which did not admit wrongdoing in the settlement, knew it sold roughly 875,000 such seats, yet court records show that by the end of October it had received more than 3.3 million claims for... (continue reading...)

BANGKOK (Reuters) - Thailand's government plans to increase the daily minimum wage to 400 baht ($10.84) from October, a spokesperson said on Thursday, a policy that could help lift consumption in Southeast Asia's second-largest economy.

A committee will meet this month to assess which industries are prepared for the increase and what assistance could be offered to those that are not ready, spokesperson Chai Wacharonke said.

The... (continue reading...)