Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in Noida, the Economic Times of India reported. The National Company Law Tribunal (NCLT) on February 17 allowed withdrawal of the insolvency petition following a request from IDBI Trusteeship, which represents holders of Mahagun's non-convertible debentures, according to court documents.

The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto Sakurai told Reuters. Prime Minister Sanae Takaichi is expected to visit Washington for a meeting with U.S. President Donald Trump around the time the BOJ holds its next policy meeting on March 18-19.

After the Supreme Court struck down the legal basis for President Trump’s sweeping tariffs on Friday, many U.S. trading partners saw the tariff rate on their goods lowered from what they faced before the ruling. But for others, like Britain and Australia, the math went the other way, the New York Times reported. Britain became the first country to reach a trade deal during Mr. Trump’s second term, and both governments emphasized the “special relationship” between the two countries.

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.