Self-driving trucking company TuSimple Holdings said on Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country, the Wall Street Journal reported. The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup.

China Evergrande Group said on Tuesday it received notices from court of Guangdong Province over a claim by a unit of Evergrande Property Services for the recovery of about 2 billion yuan ($280 million) in deposit certificate pledge guarantees, Reuters reported. The proceedings brought by unit Jinbi Property Management Company are related to the enforcement of Evergrande Property Services' deposit pledge of about 13.4 billion yuan. The embattled property developer said the notices regarding the claim also includes an estimated interest of 152.1 million yuan.

The co-founder of Hong Kong-registered virtual currency exchange Bitzlato, a Russian national who U.S. authorities accuse of processing about $700 million in illicit funds, is expected to enter a guilty plea in a U.S. court on Wednesday, Reuters reported. Federal court records in Brooklyn showed Anatoly Legkodymov, Bitzlato's majority owner and co-founder, was set to appear before U.S. District Judge Eric Vitaliano at 2:30 p.m. EST (1930 GMT) for a "criminal cause for pleading," which usually indicates a defendant will plead guilty. Legkodymov, who U.S.

Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector, the Associated Press reported. Moody’s said that the downgrade, its first for China since 2017, reflects risks from financing troubles of local and regional governments and state-owned enterprises. The world’s second-biggest economy had been slowing before a 2020 crackdown on excessive borrowing brought on defaults by dozens of property developers.

China Evergrande Group’s chief agitator calling for its liquidation is suddenly backpedaling, but the line of creditors who may take up the torch doesn’t end there, Bloomberg News reported. In Hong Kong’s insolvency system, liquidation lawsuits often start with a creditor’s petition. Top Shine Global Limited of Intershore Consult (Samoa) Ltd., one of Evergrande’s creditors, took up the petitioner’s role, only to surprisingly demur at what was assumed to be a final liquidation hearing Monday.

In January, more than 100 financial sleuths were dispatched to the Guangzhou headquarters of China Evergrande Group, a real estate giant that had defaulted a year earlier under $300 billion of debt. Its longtime auditor had just resigned, and a nation of home buyers had directed its ire at Evergrande, the New York Times reported. Police on watch for protesters stood guard outside the building, and the new team of auditors were issued permits to get in.

The Turkish Central Bank's total reserves have jumped to a record level exceeding $140 billion, five bankers' calculations showed on Tuesday, sustaining an uptrend after it adopted more orthodox policies following May elections, Reuters reported. The rising reserves, alongside 3,150 basis points in interest rate hikes since June, have marked a departure from years of unorthodox and at times erratic policymaking - and some foreign investors are taking note. Including the latest rise of $3.5-3.8 billion in the week to Dec.

Australia’s central bank kept interest rates unchanged at its final meeting of the year on Tuesday as cooling inflation and a softening labor market suggest its policy tightening to date is gaining traction, Bloomberg News reported. Markets showed disappointment at the neutral tone of the post-meeting statement, sending the currency and government bond yields lower after the Reserve Bank held its cash rate at a 12-year high of 4.35%, as anticipated. “Higher interest rates are working to establish a more sustainable balance between aggregate supply and demand,” Governor Michele Bullock said.

South Korea’s consumer inflation cooled more than expected in November, offering central bank authorities latitude to moderate their hawkish policy tilt going into next year, Bloomberg News reported. Consumer prices rose 3.3% from a year earlier, decelerating from 3.8% growth in October, the statistics office reported Tuesday. Economists surveyed by Bloomberg were expecting inflation to slow to 3.5%. The slowdown comes as oil price gains moderate while demand for agricultural products cools in the wake of the Chuseok holiday period.