Qatar Airways is reviewing plans for its own domestic Indian airline due to “confusing” foreign ownership rules and could work with a partner in India or take a stake in IndiGo instead, its chief executive said on Tuesday. The state-owned Gulf carrier has long coveted the Indian aviation market, which is the fastest growing in the world, and in 2017 said it would set up a domestic airline, a year after India eased foreign investment rules for the sector, Reuters reported.

The new hot thing for Chinese savers is about as old and boring as it gets. Bank deposits, shunned for years by the nation’s return-hungry masses, are suddenly looking attractive again as higher-yielding investments prove riskier than many had anticipated, Bloomberg News reported. China’s household deposits rose in July at the fastest annual rate in a year -- an influx that analysts say may accelerate after the nation’s stock market sank at the quickest pace worldwide, hundreds of peer-to-peer lending platforms shuttered and companies defaulted on their debt at an unprecedented rate.

Investor anxiety about a missed debt payment by one of the world’s largest developing nations is jacking up the cost of credit-default swaps from the "BATS" -- Brazil, Argentina, Turkey and South Africa -- to multi-year highs, Bloomberg News reported. Argentina’s implied default probability over the next five years climbed this month to 41 percent, the highest since Mauricio Macri’s government ended the nation’s decade-long legal battle with most holdout creditors. Turkey’s implied default odds during that span rose to 31 percent, the highest since the 2008 global financial crisis.

Emso Asset Management, the $5.5bn emerging markets hedge fund, is to enter India’s growing corporate restructuring market with a local partner, the latest global investor to target a wave of $140bn in bad debt in the country, the Financial Times reported. A new bankruptcy law is forcing some of India’s biggest conglomerates into restructuring as local banks struggle with mounting bad debts following a boom in industrial lending.

China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing. President Xi Jinping pledged $60 billion to African nations at Monday's opening of a China-Africa forum on cooperation, matching the size of funds offered at the last summit in Johannesburg in 2015, the International New York Times reported on a Reuters story.

Turkey’s economic troubles are reverberating in a market for short-term investors all the way across the Eurasian continent in South Korea, Bloomberg News reported. Investors pulled 8.7 trillion won ($7.8 billion) from mutual funds dealing in short-term debt and other cash-like instruments on Friday, the biggest single-day outflow ever from such products, according to the latest data from the Korea Financial Investment Association.

In a related story, Bloomberg News reported that Turkish banks may have to pay up once again as they rush to meet $6 billion of financing deadlines amid the country’s worst economic crisis in years. At least nine lenders have to complete annual dollar loan syndications by year-end, leaving an industry heavily reliant on overseas funding little time and few options to conclude deals often involving dozens of global banks.

Jindal Steel & Power Ltd. is considering a breakup plan as part of a restructuring to help trim its 420 billion rupee ($6 billion) debt pile and boost investor confidence in a company that was once India’s biggest steelmaker by market value, Bloomberg News reported. The New Delhi-based company is looking at splitting its steel, power and international businesses into three separate entities, Chairman Naveen Jindal said in an interview. Any such plan would need the approval of lenders, regulators and the board, he said.

Fines levied by China's banking regulator have surged since Guo Shuqing became its head in February 2017, rising nearly six-fold from the cumulative fines levied over the previous 14 years, UBS said in a report. The exponential increase in fines highlights a much stricter level of enforcement of regulations in the banking sector as Beijing seeks to fend off systematic financial risks, the International New York Times reported on a Reuters story.

The Turkish lira is due for a reality check on Monday. August inflation data will probably show another big jump, this time to an annual rate of more than 17 percent, according to a Bloomberg News survey. Ouch. The principal cause of the lira’s weakness has been the central bank's refusal to put interest rates high enough to contain runaway consumer prices, a Bloomberg View reported. So, on Monday, everyone will get a nice reminder that policy makers haven’t acted quickly enough to control inflation. They’ll also get a sense of where price gains are headed, and here the picture looks grim.