Thailand central bank’s interest rate cut last week was a “recalibration” made by policymakers and doesn’t mark the start of an easing cycle, according to Governor Sethaput Suthiwartnarueput, Bloomberg News reported. “We do not see it as the beginning of an extended easing cycle,” the governor said at the Institute of International Finance forum in Washington on Tuesday.

Bhaane Group, owned by celebrity Sonam Kapoor and her husband Anand Ahuja, is buying Rhythm House, an iconic music store in India’s financial capital Mumbai for 478.4 million rupees ($5.7 million), Bloomberg News reported. The 3,600-square foot Rhythm House had been shuttered in 2018 after Nirav Modi, the owner of Firestar Diamond International Pvt that ran the music store, defaulted on billions of dollars of bank loans. A resolution professional appointed by the Indian bankruptcy court oversaw the sale of the store confirmed the value of the deal to Bloomberg News in a telephone interview.

Chinese banks cut their benchmark lending rates after easing by the central bank at the end of September, part of a series of measures aimed at reviving economic growth and halting a housing market slump, Bloomberg News reported. The one-year loan prime rate was lowered to 3.10% from 3.35%, while the five-year LPR was reduced to 3.60% from 3.85%.

The National Company Law Appellate Tribunal has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors' dues were settled by Max Healthcare, the Economic Times of India reported. The appellate tribunal's direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of Rs 1,035.29 crore as part of the settlement and no claim had survived.

Three U.S. education-software companies that bankrupt Indian tech-firm Byju’s bought for $820 million just a few years ago will be put up for sale in order to repay lenders, a court-appointed trustee said, Bloomberg News reported. It is unclear how much the units are worth and if all three — Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc. — will attract offers, the trustee, Claudia Springer, said in an interview.

Japan’s consumer-price inflation slowed in September due mainly to the impact of the government’s energy subsidies, possibly giving the Bank of Japan more time to think about the timing of its next move, the Wall Street Journal reported. Overall consumer prices rose 2.5% in September from a year earlier, compared with 3.0% growth in August, government data showed Friday. The pace of inflation slowed for the first time in five months as the government reintroduced its program to cut household utility bills.

China’s economy slowed in the third quarter, a deceleration that highlights the urgency of Beijing’s recent pivot toward greater support for growth after months of hesitancy, the Wall Street Journal reported. Investors’ initial euphoria over Beijing’s weekslong barrage of stimulus measures and messages of reassurance has faded, however, as doubts have crept in over just how effective any planned stimulus will be at revving up the ailing economy and bringing a festering property crisis to a close.

The United States will use restrictive tools like tariffs to push back against China's practice of making far more goods than it needs in order to dominate global markets, White House official Daleep Singh said on Thursday, Reuters reported. Singh, deputy national security adviser for international economics, said the Asian giant has amassed growing market power that it uses for economic and geopolitical leverage, and Washington viewed the costs as unacceptable. "So that's the problem, and it's not abstract.

India’s central bank Governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by global policymakers, Bloomberg News reported. While inflation is expected to moderate, there are “significant risks” to the outlook, Das told Bloomberg News Deputy Editor-in-Chief Reto Gregori at the India Credit Forum in Mumbai on Friday. Inflation and growth dynamics are well balanced, he said, but policymakers need to remain vigilant about price pressures.