The European Union’s (EU) trade commissioner said an influx of electric vehicles (EVs) from China is weighing on a decision on whether to delay tariffs on EVs shipped between the bloc and the UK.

EU trade boss warns post-Brexit EV tariff to only benefit China

Russia is defending its “sovereignty” and “spiritual values” by waging war in Ukraine, President Vladimir Putin said in a video address posted on the Kremlin website.

Putin says waging war in Ukraine defends Russia’s ‘sovereignty’

A top Chinese quantitative hedge fund was ordered to halt new product launches after poor behaviour by employees against its peers, as regulators tighten oversight amid intensifying competition.

Top Chinese quant fund punished for poor conduct against peers

Bank of Japan (BOJ) governor Kazuo Ueda said considerations over the central bank's finances would not prevent it from phasing out its massive monetary stimulus when the appropriate time comes.

Bank of Japan dispels view risk of loss will impede easy-policy exit

China’s manufacturing activity returned to expansion for the first time in six months, adding to signs that some parts of the economy are finding their footing again.

China's manufacturing activity expands for first time since March

Stark Corp, a Thai industrial cable maker at the centre of an accounting scandal and debt defaults, discovered at least 15.6 billion baht (US$426 million or RM1.99 billion) of irregular transactions at its units after completing parts of a required special investigation.

Stark finds US$426m of irregular transactions in Thai audit

Surging bond yields are rattling US stocks, and some investors worry the richly valued shares in giant technology and growth companies may be another weak spot.

US stock market’s powerhouses tested by soaring bond yields

Goldman Sachs Group Inc has been fined by a US regulator over alleged swaps reporting failures and other violations. 

The US Commodity Futures Trading Commission (CFTC) on Friday ordered Goldman to pay a US$30 million (RM141.07 million) penalty for failing to “diligently” supervise its swap dealer activities and for failures relating to swap date reporting and so-called pre-trade mid-market marks.

CFTC fines Goldman over swaps reporting, futures controls

Federal Reserve (Fed) Bank of New York president John Williams suggested that the US central bank may be done raising interest rates, though he said policymakers would keep them high for “some time” to bring inflation down to the central bank’s 2% goal.

Fed’s Williams suggests rate hikes may already be finished

China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.

China stock investors say worst yet to come in property crisis

Republicans have plenty of ideas on how to stop a shutdown. They just can’t agree on one plan, much less get Democrats to go along.

GOP has lots of ideas to halt a shutdown but can’t agree on one

Su Zhu, a co-founder of failed hedge fund Three Arrows Capital (3AC), was arrested on Friday afternoon at Changi Airport, while trying to leave the country.

Three Arrows Capital's Zhu arrested while trying to leave via Changi Airport

MSCI'S global equities ended Friday's choppy session slightly lower as investors prepared for a likely US government shutdown and adjusted portfolios for the quarter's end.

Global stocks edge down with data boost fading, shutdown and quarter-end in focus

China Evergrande Group sold its luxury superyacht for about US$32 million earlier this year, said two sources, further shrinking the developer's offshore assets as its cash crunch worsened and it scrambled to pull together a debt revamp plan.

Evergrande's offshore bondholders are expected to sharpen their focus on offshore assets as the developer's debt restructuring plan flounders with the founder now being investigated over suspected "illegal crimes".

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