Bollywood superstar Salman Khan withdrew his insolvency plea against Jerai Fitness Pvt Ltd after reaching a settlement in a ₹7.24 crore payment dispute, LiveMint.com reported. The dispute is linked to Khan's fitness equipment brand Being Strong. Appearing before the National Company Law Appellate Tribunal (NCLAT), Khan’s counsel informed the bench led by Justice Ashok Bhushan on Wednesday that the parties had resolved the matter and decided to withdraw the petition.

Thailand’s central bank held its policy rate steady on Wednesday, surprising markets that had expected the first decision under the new governor to be a cut to boost the economy, the Wall Street Journal reported. The Bank of Thailand’s monetary policy committee voted five to two to keep the policy rate at 1.50%, hitting the pause button again after delivering three cuts this year. Two members dissented, voting for a 25-basis-point reduction.

The New Zealand dollar and interest rate swaps tumbled in the wake of the move that took the official cash rate to 2.5%, as investors bet on more stimulus in the coming months to shore up demand and buffer the economy from rising global headwinds, Reuters reported. “The Committee reached consensus to reduce the official cash rate by 50 basis points to 2.5 percent,” the Reserve Bank of New Zealand said in its accompanying policy statement.

The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas, Reuters reported. "While some observers believe the October 14 deadline may be extended — or even scrapped — as part of broader negotiations, the uncertainty has already unsettled carriers, adding another layer of geopolitical risk to fleet deployment strategies," S&P said in a report this week.

Household spending rose for a fourth month in Japan, showing resilience amid persistent inflation as the central bank continues to mull the timing of its next interest rate hike, Bloomberg News reported. Outlays by households adjusted for inflation gained 2.3% from a year ago in August, led by spending on transport and entertainment, the internal affairs ministry reported Tuesday. The result beat the median economist estimate of a 1.2% increase.

The Reserve Bank of New Zealand has established a new committee for the conduct of financial policy, giving it power over issues around financial stability and prudential issues for banks, the Wall Street Journal reported. The Financial Policy Committee will set debt-to-income and loan-to-value ratios for banks, thus giving it enormous power over the country’s housing sector. The FPC will consist of the RBNZ board chair, the central bank’s governor, and three other RBNZ board members, with up to two members who aren’t RBNZ board members or employees of the RBNZ.

A measure of Australian consumer sentiment slid for a second straight month in October as concerns about family finances returned amid speculation interest rates might not fall any further, a survey showed on Tuesday, Reuters reported. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment dropped 3.5% to 92.1, having fallen 3.1% in September. The reading under 100 means pessimists increasingly outnumber optimists. Sentiment had been slowly picking up mid-year as the Reserve Bank of Australia cut interest rates three times and inflation looked to be cooling.

The Nagpur Bench of the Bombay High Court has ruled that legal proceedings under the Negotiable Instruments Act (NIA) for cheque dishonour cannot be suspended merely because loan recovery has been temporarily halted under the Insolvency and Bankruptcy Code (IBC), TheLiveNagpur.com reported. Justice M.M. Nerlikar delivered the ruling while hearing a plea filed by Shri Ramdev Cotspin, an Akola-based firm, against Ashok Mehra (Chairman) and Chandraprakash Mehra (Managing Director) of Pacific Cotspin Company, Kolkata.