North Korea releases detained Chinese fishing boat

BEIJING (Reuters) – North Korea released a Chinese fishing boat on Tuesday more than two weeks after it was detained in waters between the countries, as China demanded an explanation for the incident that has been a new irritant in ties between the often uneasy allies. Chinese counselor to North Korea Jiang Yaxian had told state media earlier that North Korea had “grabbed” the private vessel from off the northern Chinese city of Dalian in waters between China and the Korean peninsula. … Read more here: North Korea releases detained Chinese fishing boat

Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

By Nishant Kumar HONG KONG (Reuters) – The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed. The annual survey by industry tracker AsiaHedge, released this week, found that Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion. Credit Suisse overtook Morgan Stanley by adding 14 new clients and $2.4 billion in assets over the last year, a first for any prime broker in Asia, the survey showed. … Read more here: Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

Russia says two rebels killed in North Caucasus

MOSCOW (Reuters) – Russian security forces killed two suspected militants in the North Caucasus during a night-time sweep in the region plagued by an Islamist insurgency, investigators said on Tuesday. A spokesman for local investigators said the men were killed in a gunbattle with officers after refusing to surrender during a raid on a house in a suburb of the capital of Ingushetia, a region to the west of Chechnya. The wife and child of one of them left the house before the firefight, he told Reuters by telephone. … Read more here: Russia says two rebels killed in North Caucasus