AdEnterprises has filed a caveat before the Supreme Court, anticipating a challenge by Vedanta against the National Company Law Appellate Tribunal's (NCLAT) verdict upholding Adani Group's resolution plan for debt-ridden Jaiprakash Associates Ltd (JAL), the Economic Times of India reported. A caveat is an application filed before a court by a party requesting that no order be passed in a matter without first hearing it.
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Malaysia’s central bank once again left interest rates unchanged as inflation remains contained and the economy shows resilience amid disruptions caused by the Middle East conflict, the Wall Street Journal reported. Bank Negara Malaysia kept its overnight policy rate at 2.75% on Thursday, holding steady since it delivered a 25-basis-point cut in July last year.
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Australia's top wagering and gaming firm ‌Tabcorp has come under regulatory scrutiny over its anti-money laundering and counter-terrorism financing processes, triggering a 28% drop in its shares on Thursday in their worst intraday trade to date, Reuters reported. Tabcorp said ​that the Australian Transaction Reports and Analysis Centre (AUSTRAC) had identified "serious concerns" over its ​ability to identify, mitigate and manage money-laundering and terrorism-financing risks effectively.
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China's financial regulator advised the country’s largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the US over their ties to Iranian oil, Bloomberg News reported. The National Financial Regulatory Administration (NFRA) asked banks to review their exposure and business dealings with firms, including Hengli Petrochemical (Dalian) Refinery, one of China’s largest private refiners, while awaiting further guidance. For now, banks have been guided not to extend new yuan-denominated credit, though they have also been told not to call in existing loans.
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Japan faces no constraints on how often it can ​intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's resolve to defend the embattled yen, Reuters reported. The remarks ‌by Atsushi Mimura come ahead of a visit to Japan next week by U.S. Treasury Secretary Scott Bessent, placing the yen, possible intervention and the Bank of Japan's rate path firmly under the spotlight as investors weigh whether Tokyo can shore up its currency on its own, or will need U.S. backing to do so.
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Last year saw the highest-ever number of Japanese hair salons filing for bankruptcy at 235, breaking the record set in 2024 with 215 bankrupt hair stylists, JapanToday.com reported. This also had an effect on the average lifespan of salons, which could expect to survive for 13 years in 2025, down from 14.1 years in 2024. Also, of the currently active salons, 49 percent are less than 10 years old. To make matters much worse, many salons can’t even find enough staff to operate.
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The supreme courts of Singapore and Indonesia have signed a memorandum of understanding (MOU) that, for the first time, gives judges in both countries a formal channel for coordinating on the same insolvency or restructuring case, SingaporeLawWatch.sg reported. This reduces the risk of inconsistent outcomes, fragmentation of the insolvency process, poor recoveries, inefficiency and wastage of costs, said Kannan Ramesh, insolvency judge and judge of the Appellate Division of the Supreme Court of Singapore.
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Hong Kong’s economy expanded at its fastest pace in nearly five years in the first quarter of 2026, underscoring the strength of its recovery even as the outbreak of war in the Middle East clouds the outlook for growth and inflation across Asia, the Wall Street Journal reported. Advance data, marking the first economic print since the war broke out, showed that the city’s gross domestic product rose 5.9% in January-March period from a year earlier.
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