India Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, National Asset Reconstruction Co Ltd (NARCL), has distributed about Rs 330 crore among banks after resolving two accounts in its first resolutions since the bad bank started operations in 2022, the Economic Times of India reported.

Japan's annual core consumer inflation hit a two-year low to match the central bank's 2% target in January, data showed on Friday, suggesting weakening price pressure that could complicate its decision on how soon to raise interest rates, Reuters reported. A separate index seen as a better indicator of underlying inflation also slowed but remained well above the Bank of Japan's target, suggesting that solid wage gains will keep the central bank on course to push up still-low borrowing costs.

South Korean regulators are facing increased scrutiny after they failed to discover an issue with crypto exchange Bithumb’s internal systems, which led to $43 billion in Bitcoin accidentally being credited to user’s accounts earlier this month, Decrypt.com reported. Korea’s Financial Services Commission and Financial Supervisory Service (FSS) had both reviewed Bithumb at least three times since 2022, according to a local report from The Korea Times—yet the pair never found a structural input issue that ultimately led to the problem.

The United States and Indonesia announced they have signed a trade deal, with Indonesia agreeing to open its borders wider to American goods, the New York Times reported. The deal, announced on Thursday, includes zero tariffs on virtually all U.S. exports to Indonesia and a 19 percent tariff on Indonesian goods. It formalizes an agreement the two countries made last July, making Indonesia the third country in Southeast Asia to lock in lower tariffs after Malaysia and Cambodia. Mr. Trump had threatened Indonesia with a 32 percent tariff at one point last year.

Corporate failures in New Zealand reached their highest level in 15 years in 2025, with construction and hospitality among the hardest-hit sectors, according to a new Deloitte report, InsuranceBusinessMag.com reported. The firm’s New Zealand Insolvency Trends report found that formal appointments – covering liquidations, receiverships, and voluntary administrations – totalled 3,080 in 2025. This represents a 12% increase on 2024 and the highest annual figure since 2010.

The International Monetary Fund faulted China’s economic policies for causing waste at home and damage abroad and called for a reorientation by Beijing to embrace a model based on domestic consumer spending, Bloomberg News reported. "Transitioning to a consumption-led growth model should be the overarching priority,” the IMF’s executive directors said in a statement Wednesday released alongside the Washington-based lender’s annual review of China’s economy, known as an Article IV consultation.

The Philippine central bank cut rates at its first meeting of the year, a widely expected move as weak growth underlines the need for more economic support, the Wall Street Journal reported. Bangko Sentral ng Pilipinas lowered its benchmark overnight reverse repurchase rate by 25 basis points to 4.25% from 4.50% on Thursday, delivering a sixth straight round of easing. It reduced its benchmark lending rate to 4.75% from 5.00%.

Indonesian and U.S. companies on Wednesday signed deals worth $38.4 billion ahead of Indonesian President Prabowo Subianto's meeting with U.S. President Donald Trump to sign a final trade pact, the Indonesian government said in a statement, Reuters reported. The 11 deals, signed at a dinner for Prabowo hosted by the U.S. Chamber of Commerce, were for partnerships in mining, energy, agribusiness, textiles, furniture and technology sectors, according to the statement.

Higher U.S. tariffs are not the main reason for a surge in Chinese exports to the eurozone, Africa and other parts of Asia, according to economists at the European Central Bank, the Wall Street Journal reported. While President Trump last year hiked tariffs on imports from countries around the world, the duties faced by Chinese businesses are higher than most other countries. That has led to a sharp fall in Chinese exports to the world’s largest economy.

The Reserve Bank of New Zealand left interest rates unchanged at its monetary policy meeting and said it expected inflation to retreat soon and for economic recovery to gather pace in the year ahead, the Wall Street Journal reported. “The economy is at an early stage in its recovery. With ongoing strength in commodity prices, economic activity in the agricultural sector and regional New Zealand remains strong,” the central bank said Wednesday. The official cash rate was held steady at 2.25% as expected.