Kaisa Group Holdings Ltd.’s dollar bonds headed for their best rally in six months on speculation a restructuring agreement with an onshore lender will allow the beleaguered Chinese developer to focus on resolving a stalemate with offshore creditors. The Shenzen-based real estate group’s Shanghai unit has returned to normal operations after reaching a settlement with Bank of China Ltd., spokeswoman Zhou Ting said in an e-mail Tuesday, declining to elaborate on the amount of debt involved.

A health service provider that was turning over approximately $1.2 million has collapsed into voluntary administration, SmartCompany.com.au reported. Fitgenes was incorporated in 2009 and provides personalised health care using a patient’s genetic predispositions when it comes to fitness, health and nutrition. The Fitgenes Group operates a clinic in Perth and as of September 2014, was working with 350 clinics and more than 470 practitioners who use the company’s proprietary cloud-based software.

As financial leaders gather this week to assess the health of the world economy, one of the central topics for discussion will be how ready markets are for a crisis in a large developing economy such as China, Turkey or Brazil, the International New York Times reported. At the center of this debate will be the question of whether the International Monetary Fund still has the ability to act effectively if — as some experts fear — emerging markets begin to crumble under the weight of heavy debt.

Overseas loans by banks in Hong Kong fell significantly for the first time in more than four years in August, the month China surprised the world by devaluing its currency and effectively making loans at home much cheaper, The Wall Street Journal reported. Chinese borrowing accounts for a large portion of overseas lending by banks in the city, including foreign lenders. Overseas loans soared in the years when the yuan was rising and interest rates on the mainland were higher than those in Hong Kong. But in August such loans fell sharply. Because of its peg to the U.S.

Concern over external debt in corporate Indonesia is mounting as companies seek to roll over more than $42bn of foreign currency loans within the next 12 months, following a period of steep rupiah depreciation, the Financial Times reported. External debt is a red flag to investors. It added fuel to the Asian financial crisis of 1997-98, as ravaged currencies magnified foreign currency borrowings across swathes of the region. Some Asian currencies, including the Indonesian rupiah, are flirting with the levels hit at that time.

The mobile division of consumer data startup Yatango has entered voluntary administration. According to records from the Australian Securities and Investments Commission, Yatango Mobile (Australia) entered voluntary administration on September 29. Hugh Armenis and Katherine Barnet of Bentleys Corporate Recovery have been appointed to manage the administration. The appointment was made under section 436C of the Corporations Act, which allows an individual to enforce a security interest in an entire company or a substantial part of a company.

China’s main task is to restructure its economy rather than worrying about the recent slump in stock prices, a German finance ministry official said Thursday, calling on the Asian giant to focus on strengthening domestic demand, The Wall Street Journal reported. “The recent discussions about stock-market turbulences are rather a side issue,” said the official during a briefing on next week’s meeting of the International Monetary Fund and Group of 20 nations in Lima, Peru.

The world economy lost momentum in September, with China’s vast factory sector shrinking again and euro zone manufacturing growth weakening slightly, both casualties of waning global demand. The latest business surveys across Asia and Europe paint a darkening picture and are likely to prompt more calls for central banks around the world to loosen monetary policy even further, The Globe and Mail reported.

Jurong Aromatics Corp (JAC), which operates a large petrochemicals complex in Singapore, has gone into receivership because of debt problems, according to its restructuring firm and a filing with Singapore's accounting authority. JAC's debt problems mounted in recent months after it halted production in December to fix a technical issue. The company is the latest victim of a global commodities rout which has seen a Japanese shipper filing for bankruptcy on Tuesday and lower profits at global trading firm Louis Dreyfus.

China’s stock market crash and economic slowdown appear to be keeping globe-trotting Chinese tourists closer to home, potentially hurting the global travel industry and the luxury goods companies that have thrived on free-spending tour groups, The Wall Street Journal reported. Growth in international travel bookings from China fell in August for the first time since at least 2010 and continued to decline through September, despite the start of a big holiday week, according to ForwardKeys, a Spain-based travel intelligence company that analyzes Chinese airline booking data.