The New Zealand government has appointed Anna Breman from Sweden’s central bank as the next governor of the Reserve Bank of New Zealand, the Wall Street Journal reported. Breman has been deputy governor of Riksbank since 2019 and her appointment follows a global talent search that involved 300 candidates, said New Zealand Finance Minister Nicola Willis in a statement. The search for a new governor began after the sudden exit from the central bank of former Gov. Adrian Orr in March.
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U.S. wind turbine blade maker TPI Composites has completed the sale of its Turkish operations after receiving approval from the US Bankruptcy Court in its chapter 11 proceedings, WindPowerMonthly.com reported. The blade maker announced the agreement to sell the assets to UAE-based company XCS Composites earlier this month as part of its ‘reorganisation bankruptcy’ proceedings. In a 4 September filing in Texas, TPI asked for the court to approve the transaction by 19 September, warning that there would be “serious risk” of XCS walking away from the transaction otherwise.
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Indonesia and the European Union have signed a long-awaited trade deal that comes as Asian countries reposition themselves in a landscape reshaped by U.S. tariffs, the Wall Street Journal reported. The pact, which Jakarta and the EU have been negotiating for over nine years, was inked Tuesday during European Commissioner for Trade & Economic Security Maroš Šefčovič’s visit to Indonesia. “This agreement eliminates over 98% of tariffs, removing nearly all barriers to trade and opening new pathways for investment,” the European official said.
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Chinese President Xi Jinping’s export engine has proved unstoppable during five months of sky-high U.S. tariffs, sending China hurtling toward a record $1.2 trillion trade surplus, Bloomberg News reported. With access to the U.S. curtailed, Chinese manufacturers have shown they aren't backing down: Indian purchases hit an all-time high in August, shipments to Africa are on track for an annual record and sales to Southeast Asia have exceeded their pandemic-era peak.

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Delhi-based all-electric taxi service company Evera is in discussions with Gensol’s insolvency resolution professional (IRP) and its committee of creditors (CoC) to lease 1,000 cars from Gensol’s fleet of 4,000 vehicles, which are currently under the National Company Law Tribunal (NCLT), the Economic Times of India reported.
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A Melbourne lawyer has been sentenced to three years’ imprisonment, with a non-parole period of one year, for perverting the course of justice and running an offshore scam to help his clients avoid bankruptcy, according to a joint release from the Australian Federal Police and Australian Financial Security Authority. The man used his law firm to create fictitious personal debts for two clients so they could gain a favourable outcome from bankruptcy and insolvency processes.
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China kept its benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations, following the central bank's decision to hold a main policy rate steady last week, Reuters reported. The steady loan prime rate (LPR) fixings reflect the authorities cautious approach to monetary easing amid easing Sino-U.S. trade tensions, resilient exports and a recent stock market rally, despite signs of a domestic slowdown and monetary easing by the Federal Reserve. The one-year LPR was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.
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More German companies in Japan see the country as a manufacturing hub for Asia — and not just as a sales market — with stability, affordability and proximity to major markets cited as top draws, according to a survey by the German Chamber of Commerce and Industry in Japan (AHK Japan), the Japan Times reported. Regulatory robustness and relative affordability of operation, due to the weakness of the yen against the euro, contribute to Japan being an attractive choice for manufacturers.
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Turkey said on Monday it had terminated retaliatory tariffs imposed in 2018 on U.S. imports ranging from passenger cars to fruit, in a sign of warming bilateral ties as President Tayyip Erdogan travels to the United States. Erdogan is due to attend the United Nations General Assembly in New York this week ahead of a meeting at the White House on Thursday with U.S. President Donald Trump, who said he expected trade and military deals to be sealed during the visit.
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