Liquidators of China Evergrande, once the country's largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties, Reuters reported. The move is the liquidators' latest effort to recover $6 billion in dividends and remuneration paid to Hui and other former executives, as they fight court battles to freeze offshore assets of the founder and his former spouse, among others.

Turkish inflation continued to ease as the third quarter progressed, clearing the way for the country’s central bank to keep trimming interest rates despite still-hot growth in the economy, the Wall Street Journal reported. Consumer prices were 33% higher on year in August, a rate of annual inflation that eased from 33.5% in July, figures from statistics office Turkstat showed Wednesday. Turkey’s central bank at its last meeting renewed cutting interest rates as inflation eases, having earlier in the year been forced to lift rates in response to market concerns over Turkish politics.

Australia's central bank is exploring how emerging technologies like artificial intelligence could influence the economy, with possible implications for inflation and the labour market, its governor said on Wednesday, Reuters reported. In a speech in Perth, Reserve Bank of Australia (RBA) Governor Michele Bullock said there was a lot of uncertainty about how the technological change will affect the economy, but policymakers needed to be alert to different possible impacts. "Technological change has always reshaped the labour market, and AI is no exception," said Bullock.

The cumulative number of insolvency cases initiated by operational creditors such as raw material suppliers and vendors against defaulters trailed that by financial creditors for the first time since fiscal 2017, show latest data, the Economic Times of India reported. According to officials, this suggests a growing preference among operational creditors in recent years for out-of-court settlements.

The Delhi High Court has asked the Centre to revisit its bid conditions that impose blanket ban on the companies having undergone corporate insolvency resolution process in the last seven years from participating in the government tenders, the Economic Times of India reported. It said that while the courts cannot introduce or delete any tender condition, the government as also the tender issuing authority must examine the issue.

The National Company Law Tribunal (NCLT) has admitted Canara Bank's insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme Infrastructure India Ltd, over a default of ₹347 crore, the Economic Times of India reported. The tribunal also appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) to oversee the process.

Japan Post Bank said it would launch a digital yen by the end of fiscal 2026 to make it more convenient for its depositors to make digital financial transactions, Reuters. reported. The move by the postal giant, which holds roughly 190 trillion yen ($1.29 trillion) in deposits, highlights a growing wave of domestic entities tapping blockchain technology to streamline financial transactions.

The Supreme Court on Friday sought the opinion of former Intelligence Bureau director and former National Human Rights Commission member Rajiv Jain to look into the insolvency proceedings of Supertech Realtors as a recent CBI report has alleged siphoning of homebuyers’ money in 21 projects by the developer’s suspended director Ram Kishore Arora in 21 projects, the Economic Times of India reported.

India’s economy unexpectedly accelerated in the April-June quarter, as stronger government spending offset moderating industrial activity, the Wall Street Journal reported. Official data Friday showed that India’s economy grew 7.8% from a year earlier, up from 7.4% in the prior quarter. That topped the 6.6% median forecast in a Wall Street Journal poll, in which all 12 economists had predicted a slowdown. Manufacturing activity edged higher, with growth at 7.7% versus 7.6% a year earlier. Construction slowed, while mining and quarrying contracted on year. Agriculture grew 3.7%.