The Japanese subsidiary of bankrupt cryptocurrency exchange FTX said it started allowing customers to withdraw their assets on Tuesday, a relatively quick reboot that Tokyo regulators see as the fruit of their strict crypto laws, the Wall Street Journal reported. The situation in Japan contrasts with the U.S. and other countries, where most FTX customers are a long way from getting access to their assets more than three months after the exchange’s U.S. bankruptcy filing. Japan, which was burned by the collapse of the early cryptocurrency exchange Mt.

The Bank of Mexico's monetary tightening cycle is nearing its end and nominal interest rates could top out between 11.25% and 11.75%, at which point rates would be kept steady to allow them to take effect, deputy bank governor Jonathan Heath said, Reuters reported. Banxico, as the Mexican central bank is known, has raised its benchmark interest rate by 700 basis points since its rate-hiking cycle started in June 2021, as inflation surged far beyond its target of 3%, plus or minus 1 percentage point.

Mexican airline Aeromar announced the "definitive end" of operations on Wednesday, as the heavily indebted company failed to reach agreements with providers and a rumored potential investor, Reuters reported. The struggling company is the latest in a string of Mexican airlines hit with major financial woes in recent years, following Interjet in 2020 and Aeromexico, which came out of bankruptcy proceedings last March. Like its peers, Aeromar was hit hard by the coronavirus pandemic in 2020, but had shown signs of financial struggles before.

Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankruptcy, WSJ Pro Bankruptcy reported. The troubled home-goods retailer on Friday filed its Canadian division for protection under the Companies’ Creditors Arrangement Act, Canada’s rough equivalent of chapter 11 bankruptcy.

The United States is violating the principles of market economy and international trade rules in considering a ban on Chinese citizens buying property in the United States, the Chinese foreign ministry said on Friday, Reuters reported. "Generalizing the concept of national security and politicising economic, trade and investment issues violate the rules of market economy and international trade rules," spokesperson Mao Ning said at a regular press briefing.

In what could be the first sign of the start of a new phase of the turbulent period in Metro Vancouver’s housing market, Coromandel Properties is insolvent, based on its new filing in the Supreme Court of British Columbia seeking protections, Daily Hive Urbanized reported. The major local real estate developer, which primarily pursues condominium projects, said that it is looking to reposition itself through the stream of the Companies’ Creditors Arrangement Act (CCAA).

The Bank of Canada wants to reinvigorate its interest-rate setting process, bringing an outside voice to the table next month amid a broader effort to bolster its credibility, Bloomberg News reported. HEC Montréal economics professor Nicolas Vincent will become the first “non-executive” member of the central bank’s six-person governing council ahead of its March 8 decision. He is set to serve as part-time deputy governor for two years, with an option for a third, instead of the longer, full-time terms typically given to policymakers.

Governor Tiff Macklem said that the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were accidentally leaked, Bloomberg News reported. In his first speech since declaring a conditional pause on rate increases, Macklem said it can take 18 to 24 months to see the full effects of higher borrowing costs. Policymakers, he added, want to avoid overtightening. The central bank’s benchmark rate has risen from 0.25% to 4.5% since March. The two-year yield was at 3.975% as of 12:19 p.m.

Canada's federal government said Tuesday that it will provide an additional C$46.2 billion ($34.4 billion) in new funding for healthcare over 10 years, part of the latest healthcare deal as federal ministers meet with their provincial counterparts to hammer out a deal on healthcare funding, Reuters reported. The investment would be part of an overall C$196.1 billion increase in funding over 10 years, according to a statement from Prime Minister Justin Trudeau's office. Some of the new funds promised Tuesday are unconditional; others are earmarked for certain priority areas.

A shuttered South African airline sued Boeing Co. for fraud over its agreement to buy eight 737 MAX planes and seeks damages of at least $83 million, Reuters reported. Boeing "placed profits over safety and led with a plan of deception," Comair's suit filed Monday in U.S. District Court in Seattle said. Boeing declined to comment. Comair said that Boeing committed fraud over its failure to disclose problems with a key flight control system tied to two fatal 737 MAX crashes in 2018 and 2019 in Indonesia and Ethiopia that killed 346 people and led to the MAX's 20-month grounding.