The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country’s central bank said on Friday, Reuters reported. Paul Conway, chief economist at the Reserve Bank of New Zealand, said the confidence shock will pass and business will “just get on with it.” "I fully expect uncertainty to persist into the future but to some extent, we get used to it,” Conway told Reuters in an interview. "We can't sort of wait and see what's going to happen…forever," he said.

Singapore will launch an arbitration framework next week for resolving restructuring, debt and insolvency disputes, offering businesses and creditors an alternative to traditional court processes, Bloomberg News reported. “The SIAC Restructuring and Insolvency Arbitration Protocol is a first, for an international arbitration institution, in proposing the use of arbitration to resolve” such disputes, Murali Pillai, senior minister of state for law, said Thursday. The initiative is the latest in Singapore’s efforts to enhance the city-state’s appeal as a hub for restructuring in Asia.

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally in a major reversal of its stance towards digital assets, Reuters reported. The State Council - China's cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins.

Japan’s exports sustained their steepest drop in more than four years in July as U.S. tariffs continued to weigh on global commerce, clouding the outlook for economic growth at a time when personal spending remains unsteady, Bloomberg News reported. Exports fell 2.6% in value from a year earlier, sliding more than the median forecast of a 2.1% decline, the Finance Ministry reported on Wednesday. The downturn, led by cars, auto parts and steel, was the biggest since February 2021. Export volumes rose by 1.2%, suggesting exporters are continuing to absorb U.S.

Indonesia’s central bank continued its rate-cutting cycle as steady inflation provides room to loosen policy further to support growth, the Wall Street Journal reported. Bank Indonesia cut its benchmark seven-day reverse repo rate by 25 basis points to 5.00% on Wednesday. The decision had been expected to be a close call: Four of seven economists polled by The Wall Street Journal forecast no change, while three expected a 25-basis-point cut. The central bank also lowered its overnight deposit facility rate to 4.25% and its lending facility rate to 5.75%.

New Zealand's central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on Wednesday, and flagged further reductions in coming months as policymakers warned of domestic and global headwinds to growth, Reuters reported. The central bank's dovish tone caught markets offguard and sent the New Zealand dollar tumbling 1.2% to a 4-month low at $0.5817, while two-year swap rates slumped as deep as 2.93% -- their lowest level since early 2022.

Reliance Communications (RCom) has accused Swedish telecom giant Ericsson of misusing India’s Insolvency and Bankruptcy Code (IBC) as a coercive tool for debt recovery, ElectronicsforYou.biz reported. The allegation was made before the National Company Law Tribunal (NCLT) in Mumbai, where RCom is seeking a refund of ₹550 crore paid to Ericsson under a 2018 settlement. Senior counsel Gaurav Joshi, appearing for RCom, argued that the IBC was being misapplied by Ericsson as a substitute for debt enforcement.