Barclays Plc has shrunk operations in Asia, cutting about 1,000 jobs in countries, including India, as it focuses on markets where it's competitive and conserves capital amid expectations of prolonged global uncertainty. The bank has shut operations in Taiwan, South Korea, Malaysia, Thailand, Australia, the Philippines and Indonesia and also closed its only office in Russia. In India, the bank will discontinue its equity broking and capital markets businesses in an attempt to conserve capital.
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