Reuters

By Noele Illien

ZURICH (Reuters) -UBS said on Thursday it would split its top wealth management role as part of a shake-up of the Swiss bank's executive board that also sees new heads of its investment bank.

Rob Karofsky will become head of the Americas and co-president of global wealth management with Iqbal Khan, who will take charge of the Asia-Pacific region.

Khan will relocate to Asia to assume the new role from Sept. 1.... (continue reading...)

By Summer Zhen and Samuel Shen

HONG KONG (Reuters) - Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors.

Eleven funds issued under the Qualified Domestic Limited Partner (QDLP) programme have been launched so far this year, according to data by Z-Ben Advisors, already outpacing the full-year number from any... (continue reading...)

By Hyunsu Yim

SEOUL (Reuters) - South Korea said on Thursday its medical schools will accept almost 1,500 additional students next year, pressing ahead with an admissions hike that has caused trainee doctors across the country to go on strike.

The government said the hike is necessary to address a doctor shortage, arguing that unless action is taken South Korea faces having 15,000 fewer doctors than it needs to maintain essential... (continue reading...)

(Reuters) - The winners of India's April 19-June 1 general election are expected to form a new government by the middle of June after votes are counted on June 4. Analysts largely expect Prime Minister Narendra Modi to win a third straight term, as predicted by opinion polls before voting began.

Here is a look how votes are counted and what happens after that.

VOTE COUNTING

Vote counting is decentralised and done... (continue reading...)

NEW DELHI (Reuters) - India is expected to have a new government in place by the middle of June after a six-week election that began on April 19. Votes will be counted on June 4 and analysts expect Prime Minister Narendra Modi to win a third straight term.

Here are some key issues the winning party, or coalition, will need to tackle in office.

ECONOMIC DISPARITY

India's economy is expected to have grown by about 8% in the... (continue reading...)