Three Arrows Capital (3AC) – a prominent hedge fund based in Singapore that deals in crypto – has defaulted on a loan worth more than $670 million, broker Voyager Digital says

Reliance Industries’ Jamnagar refinery in Gujarat received 27% of its oil from Russia in May, up from 5% in April, according to a report by the Guardian.

Russia has struggled to make payments on $40 billion of outstanding bonds since its invasion of Ukraine, as sanctions have effectively cut the country off from the global financial system

An increasing number of middle-class Chinese have been studying 'runxue' – how to leave the country for good, according to a report by the Financial Times

Huang Yimeng, 40, who was ranked last year by Forbes to be worth $1.2 billion, said he was making preparations to move abroad for family reasons

Shares of Tencent Holdings, China's gaming giant, fell as much as 2.5% to HK$374.60 in the afternoon on Monday, after Prosus and Naspers said they would gradually sell shares in the firm

Companies will need to seek an anti-trust review about their planned mergers or acquisitions if one of the parties' global annual revenue tops 12 billion yuan ($1.79 billion)

Bank for International Settlements advised that interest rates should be raised "quickly and decisively" to prevent the surge in global inflation turning into a bigger crisis.

Efforts to revive the sector, which could account for up to 30% of GDP, with lower mortgage rates, easier credit, subsidies and relaxed regulations have not worked yet, a report says

China has agreed with the Bank of International Settlements to set up a liquidity arrangement for renminbi/yuan to support to other central banks at times of market fluctuation.

Britain, the United States, Japan and Canada announced a ban on imports of Russian gold, sales of which totalled $15bn last year, at the start of the G7 three-day summit on Sunday

About 240 casinos have been built in 120 Special Economic Zones in the Mekong subregion and some of these enclaves have become hubs of serious criminal activity, the UNODC says