A long-awaited sale hearing expected to complete a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is set to begin on Monday, with bidders and creditors locked in a bitter dispute over who should win, Reuters reported. The Delaware court will hear testimony from the involved parties, witnesses and experts in the four-day showdown before Judge Leonard Stark selects a final winner. Another set of arguments could be presented in October if the court decides more time and evidence are needed. At stake is the future of the seventh largest U.S.

India and the U.S. will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil, Reuters reported. The move comes after Trump struck a more conciliatory tone in statements last week and expressed optimism that they could finalise a trade deal. The U.S. trade representative for South Asia, Brendan Lynch, will be in New Delhi for one day of talks, Indian chief negotiator Rajesh Agarwal said.

The Supreme Court on Tuesday announced it will quickly weigh the legality of most of President Donald Trump’s sweeping tariffs, a far-reaching case that could determine the fate of a cornerstone of the president’s agenda and alter the course of the U.S. economy and global trade, the Washington Post reported. The justices asked the government and a group of small businesses and states to expedite briefings in the case, setting a deadline of Sept. 19 to submit them. The case has been set for argument the first week in November.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat, Reuters reported. Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official. China and India are major purchasers of Russian oil and, as such, they play a vital role in keeping Russia's economy afloat as it continues to pursue its expanded invasion of Ukraine, which began in 2022.

U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan's tariff negotiator Ryosei Akazawa said on Tuesday, Reuters reported. Citing a U.S. Federal Register document dated September 9 that formalised President Donald Trump's executive order on the U.S.-Japan trade deal, Akazawa said in a press conference the revised tariff rates on Japanese goods will take effect within seven days from its publication.

Swedbank on Saturday said that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement, Reuters reported. The investigation was initiated in 2019 and concerned Swedbank's historic disclosures of information, the company said. In 2019, Swedbank admitted to failings in combating money laundering and said it was under investigation by multiple U.S. authorities.

The U.S. is preparing to start renegotiating its largest free trade deal—the U.S.-Mexico-Canada Agreement, the Wall Street Journal reported. Within the next month, the Office of the U.S. Trade Representative will begin public consultations on renegotiating the deal, which it must do by Oct. 4 under the 2020 law that implemented the pact.

Northvolt buyer Lyten said yesterday that it had appointed the last chief operating officer of the bankrupt Swedish battery maker as the new CEO of Lyten Sweden, and also recruited several other former executives of the failed company, Reuters reported. Silicon Valley-based startup Lyten, which develops lithium-sulfur batteries, unexpectedly announced last month that it was buying Northvolt's assets, offering a lifeline to future European battery production for electric vehicles.

Donald Trump's administration asked the U.S. Supreme Court on Wednesday to swiftly hear a bid to preserve his sweeping tariffs pursued under a 1977 law meant for emergencies after a lower court invalidated most of the levies that have been central to the Republican president's economic and trade agenda, Reuters reported. The Justice Department appealed an August 29 ruling by a federal appeals court that the president overstepped his authority in invoking the law known as the International Emergency Economic Powers Act, undercutting a major Trump priority in his second term.

Japan and the United States are in the final stages of talks to implement lower tariffs on Japanese automobile imports within 10-14 days after the issuance of a U.S. presidential executive order, a Japanese government source told Reuters on Thursday. That means that a reduced U.S. tariff rate on Japanese cars, from the current 27.5% to 15%, is set to take effect by the end of this month, said the source, who declined to be identified as the matter is confidential.