In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an additional office floor in commercial tower Godrej BKC in Mumbai's business district Bandra-Kurla Complex for Rs 370.25 crore, the Economic Times of India reported. The sale was conducted under the Insolvency and Bankruptcy Code (IBC) and overseen by the National Company Law Tribunal (NCLT).

As Yeochun NCC faces a default crisis due to a conflict over operational funding with Hanwha Solutions and DL Chemical, which each hold a 50% equity stake, the price of Yeochun NCC’s corporate bonds has also plunged, Chosun Biz. According to the Korea Exchange as of this morning, the corporate bond Yeochun NCC78 was traded at 9,000 won. This marked a decrease of 1,070.4 won from the previous trading day.

About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday, Reuters reported. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner.

Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures ebb, while Governor Michele Bullock is expected to stick with her cautious stance on the monetary policy outlook, Bloomberg News reported. Traders and most economists polled by Bloomberg anticipate the Reserve Bank will lower its cash rate by 25 basis points to 3.6% on Tuesday, bringing its cumulative easing in the current cycle to 75 basis points. The RBA will also publish its quarterly update of macroeconomic forecasts alongside the 2:30 p.m. decision.

China's producer prices fell more than expected in July, while consumer prices were unchanged, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment, Reuters reported. Factory-gate prices have been declining for more than two years, and Saturday's data suggest early-stage efforts to tackle price competition have yet to yield significant results. Deflationary pressures have prompted Chinese authorities to address overcapacity in key industries.

Chinese automakers are shipping cars to Europe through the Red Sea and Suez Canal, nearly two years after the Iran-backed Houthi militia in Yemen started attacking vessels in the critical Middle East transit route, the New York Times reported. Other automakers are still shipping cars from Asia by way of a much longer, and expensive, trip around Africa. Last month, at least 14 car-carrier ships traveled from Chinese ports to Europe through the Red Sea and Suez Canal, according to a new analysis by Lloyd’s List Intelligence, a British maritime information service.

The collapse of China South City Holdings Ltd. into potential liquidation is not just a cautionary tale for a single developer but a microcosm of the broader challenges facing China's real estate sector, according to a Bloomberg News reported. As the company's creditors weigh whether to accelerate its wind-up hearing in August 2025, the case underscores the fragility of a property market that has long relied on speculative growth and opaque financing structures. Yet, the implications extend far beyond one firm.

India’s growth outlook has been weighed by President Trump’s punitive tariff on the South Asian economy but there’s still hope negotiations will ease the impact, the Wall Street Journal reported. Trump on Wednesday said that Indian imports would be hit with an extra 25% levy as punishment for buying Russian oil, on top of a 25% tariff that had been previously announced. Indian exports to the U.S. now face a hefty 50% tariff, jolting longstanding efforts by both Washington and New Delhi to deepen ties in a bid to counter China’s growing influence in the Indo-Pacific.

The US is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods, a senior Trump administration official said Friday, Bloomberg News reported. The plans, detailed on the condition of anonymity, would resolve prolonged confusion over how US President Donald Trump intended to impose levies on a key trading partner after striking a deal, and match public comments made by Ryosei Akazawa, Tokyo’s top trade negotiator, after a meeting on Thursday with his counterparts in Washington.