Retailer Super Retail Group will book restructuring costs and write-downs of $43 million this year as its revamps the loss-making Ray's Outdoors chain and fixes an online sporting goods business, The Sydney Morning Herald reported. The one-off costs, which include $28.5 million in cash costs and $14.5 million in non-cash charges and writedowns, will dent Super Retail Group's bottom line profits in 2016. Analysts are currently expecting the group to report a net profit before one-off costs of $109 million.

The steel industry sits at the crux of a major debate playing out across the world economy, one that could soon be intensified by a looming change in the global trade rules, the International New York Times reported. As China’s economy has slowed, the country’s manufacturers, in varied areas like solar panels, tires, aluminum and shoes, have been in a desperate hunt to maintain sales and avoid layoffs. Looking beyond their borders, many are offering rock-bottom prices to win orders. The heavy discounting has fed a backlash.

China’s banking regulator is cracking down on financial engineering that Chinese banks have used to disguise trillions of dollars in risky loans as investment products, the Financial Times reported. The clampdown, which will force banks to make provisions they previously avoided by disguising loans as investments, is designed to deflate one of the fastest-growing areas of the vast shadow banking apparatus, where bad debts are increasing.

India said on Thursday it had asked Britain to deport Vijay Mallya, the liquor tycoon who flew to London last month as bankers pressed him to repay about $1.4 billion owed by his defunct Kingfisher Airlines, Reuters reported. The Ministry of External Affairs has written to the British High Commission seeking Mallya's return so that "his presence can be secured for investigations against him" under India's anti-moneylaundering law, spokesman Vikas Swarup told reporters.

Times have changed for Yu Xingzhi since China’s economic boom years. Despite the slowing economy, sales at Shanghai Caison Color Material Chemical are holding up. The trouble is, her customers — garment manufacturers and packaging producers buying her dyes and inks — are taking more time to pay for what they buy, the Financial Times reported. “Receivables are the unavoidable problem for traditional manufacturers. If you don’t accept receivables, you have no business. It’s standard industry practice, even though no one likes it,” says Ms Yu, the dyemaker’s general manager.

Instead of China fixing a corporate zombie problem threatening to overwhelm the world’s second largest economy, Beijing may be about to create a bigger one, The Wall Street Journal reported. That is the implicit warning in a new paper published by the International Monetary Fund late Tuesday. Authorities in China are just starting to tackle the systemic buildup of two decades of credit-fueled and state-directed growth.

Officials and market participants agree that the Bank of Japan ought to do more to beat deflation, but they are divided over whether the central bank’s policy-setting board members have to do so this week, The Wall Street Journal reported. Economic data offer plenty of reasons for easing at the central bank’s two-day meeting, which concludes Thursday. The economy is at risk of shrinking in the second quarter because of earthquakes that shook southern Japan recently.

One research firm, Gavekal Dragonomics, calls it “the magical debt-shrinking machine”. When the Chinese government first confronted a mountain of non-performing loans in the state-owned banking sector it came up with a seemingly ingenious solution, the Financial Times reported. Rather than write-off NPLs totalling Rmb1.4tn ($216bn), or almost 20 per cent of gross domestic product in 1999, specially created asset management companies bought them off the country’s “big four” state banks at full face value, paying with government-backed 10-year bonds.

South Korea’s Hanjin Shipping Co. Ltd., is seeking to put itself under a creditor-led restructuring after a senior government official said the country’s ailing shipping firms may go into receivership if they can’t rebuild their businesses on their own, The Wall Street Journal reported. Hanjin, the world’s eighth-largest container shipping company by capacity, said in a statement late Friday that it will make an official request to turn its debt-restructuring efforts over to its creditors, led by the Korea Development Bank.

Here's a growing list to further excite China bears this Thursday: Baoding Tianwei Group Co., China National Erzhong Group, Sinosteel Co., China Railway Materials Co. Ltd., Guangxi. These are the eight state-owned enterprises (SEOs) that have run into some sort of repayment problem this year, exacerbating already heightened concerns over the future of China's debt-fueled economy, Bloomberg News reported.