Morning in brief: UK rejects EU fiscal treaty, top five RBS bankers to share £30m
Stocks in Asia rise on the back of improved Japanese data and fresh hopes on the Greek debt-swap discussions, while Toshiba cuts its annual profit forecast.
Asian stocks advance after Japanese factory output climbs and Greek prime minister Lucas Papademos says progress is being made in the country’s debt-swap talks, according to Bloomberg.
Five of Royal Bank of Scotland’s top investment bankers are set to share approximately £30m in bonuses and pay despite chief executive Stephen Hester turning down his own £963,000 bonus, the Telegraph says.
Japanese chip maker Toshiba reports a 72% drop in quarterly operating profit and lowers its annual profit forecast after the strong yen and weak global economy hamper its earnings, according to Reuters.
The UK and the Czech Republic refuse to join the other 25 European Union members in signing up to a fiscal treaty designed to enforce budget discipline in the region, the BBC reports.