A Chinese-born businessman that the United States and China say ran one of Southeast Asia’s largest scam compounds was extradited to China to face charges of money laundering and other crimes, three years after he was arrested in Thailand, the New York Times reported. The businessman, She Zhijiang, arrived in the Chinese city of Nanjing from Thailand on Wednesday. He would be one of the highest ranking figures linked to the scam industry to face charges in China, which launched a mass crackdown this year to rescue people trafficked to work as scammers in Southeast Asia.

Ranjan Pai-led Manipal Education & Medical Group Pvt. Ltd. has submitted a second bid to acquire Byju's parent Think & Learn Pvt. Ltd. under insolvency, in what is seen as a move to wrest control of Aakash Educational Services Ltd.—a profitable test-prep coaching centre that Byju's acquired in 2021, the Hindustan Times reported.

India's cabinet has approved spending 450.6 billion rupees ($5.1 ​billion) on support for exporters, including 200 billion rupees in credit guarantees ‌on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday, Reuters reported. The plan includes the allocation of 250.6 billion rupees ‌over six years for affordable trade finance for small exporters, logistics and market support under an export promotion package to help offset the impact of recent U.S. tariff hikes. The new U.S.

Singapore’s financial regulator is preparing to introduce new rules for stablecoins and expand central bank digital currency (CBDC) trials as part of a broader effort to build out its framework for digital assets, Decrypt.com reported. The Monetary Authority of Singapore’s (MAS) managing director, Chia Der Jiun, said Thursday that stablecoins could play a key role in future financial networks if they are properly supervised. “Unregulated stablecoins have a patchy record of keeping their peg,” Chia told the Singapore FinTech Festival 2025.

A top Australian central banker said on Wednesday that there was increasing debate about whether the current cash rate of 3.6% is restrictive enough to keep inflation in check, adding that the question is critical for the policy outlook. In an interview with Reuters in Sydney, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said the current judgment that monetary policy is mildly restrictive is central to the expectations that inflation would still slow in the economy.

Consumer-price growth in India hit a fresh low in October, continuing a trend of declines that has underpinned hopes for interest-rate cuts by the central bank, the Wall Street Journal reported. Inflation cooled more sharply than expected, as food prices contracted and the effects of tax cuts filtered through across sectors. The consumer-price index rose just 0.25% in October—the lowest reading since the data series began in 2012.

Chinese companies in the European Union say business conditions in the bloc have deteriorated for a sixth consecutive year, with rising labour costs and political challenges pressuring their operations, according to a survey published on Wednesday, Reuters reported. The survey for the China Chamber of Commerce to the EU of 200 Chinese companies and organisations said that the bloc's performance in research, talent, digitalisation and market access represented obstacles.

Weak domestic demand rather than U.S. tariffs is the main reason China is dumping surplus product on European markets at rock-bottom prices at the expense of domestic producers, a European Central Bank study argued on Tuesday, Reuters reported. Pressure has been growing on the European Union to act on surging imports from China as U.S. tariffs force Beijing to find new markets for products it now struggles to sell. "Escalating trade tensions between the United States and China might result in a further diversion of Chinese exports to Europe," the ECB argued in an Economic Bulletin article.

Two weeks after U.S. President Donald Trump and South Korea's Lee Jae Myung met and announced they had resolved months of negotiations over tariffs and security issues, the two sides have yet to release any agreement on paper, Reuters reported. South Korean officials say the delay appears to centre on discussions over their request for Washington's blessing to build a nuclear-powered submarine, which Lee raised publicly when he met Trump on the sidelines of an Asia-Pacific forum in South Korea last month.

E-commerce company WeMakePrice has been declared bankrupt. This comes 1 year and 4 months after it triggered a large-scale unpaid settlement crisis in July of last year and applied for corporate rehabilitation proceedings, the Chosun Daily reported. Seoul Rehabilitation Court’s Rehabilitation Division 3 (Chief Judge Kim Joon-young) finalized the decision to terminate WeMakePrice’s rehabilitation process on the 10th and declared bankruptcy.