Frustrated by Japanese chipmaker Elpida Memory Inc's plan to sell itself out of bankruptcy in Tokyo for a perceived pittance, the company's U.S. bondholders are bringing the fight back home, turning to a Delaware court in hopes of wresting control of the case, Reuters reported. Holders of some of Elpida's $5.6 billion in bonds will argue at a hearing on Monday in U.S. Bankruptcy Court in Wilmington, Del., that Elpida's plan to sell itself to U.S. rival Micron Technology Inc for about $2.5 billion drastically undervalues the company.

The potential receivership of Nine Entertainment is now a real threat amid a critical debt covenant test for the group at the end of the month, The Australian reported. According to sources, CVC Asia Pacific and financiers have been forced to all but abandon hope for a strategic buyer for Nine, Australia's second-placed free-to-air network.

Japan Airlines Ltd (JAL), delisted from the Tokyo stock exchange after its bankruptcy in 2010, was set to return to Japan’s biggest bourse this week after a massive overhaul and US$8.5 billion share sale, the Taipei Times reported. The carrier is to begin trading on Wednesday following its initial public offering (IPO) — the world’s second-biggest IPO this year after Facebook — marked a stunning turnaround for one of Japan’s worst corporate catastrophes.

The financial authorities said Thursday that they have decided to strengthen the qualification of major shareholders and executives at savings banks to the level similar to those applied to commercial banks, The Korea Times reported. The move came as part of efforts to help ensure transparency in their management after the savings bank fiasco in which more than 20 savings banks had their business operations suspended due to poor financial health in the past two years.

China's bank lending rose strongly in August to a new record level for the month, a clear sign the government is trying to reverse an economic slowdown that threatens to cost jobs and undermine support for the Communist Party, the Irish Times reported. New local currency lending was 703.9 billion yuan (€87 billion) last month, the People’s Bank of China said in Beijing. That was more than the 600 billion yuan (€73.8 billion) analysts had expected, and outstripped July’s 540 billion yuan (€66.4 billion) lent in July.

Until a few years ago, Vietnam was one of the world's hottest emerging markets. Now it faces an urgent task: fix a beleaguered banking system or watch its economy continue to slip behind faster-growing neighbors, The Wall Street Journal reported. Piles of bad loans following the financial crisis have dragged down growth in Vietnam and left banks weakened and reluctant to lend.

South Korea's government announced a $5.9 trillion won (about $5.23 billion) stimulus package for the economy Monday to combat stagnant growth. The program, formulated to inject 4.6 trillion won during the remaining months of this year and 1.3 trillion won next year, is designed around tax breaks on personal income and purchases of homes, automobiles and large electronics products such as televisions and refrigerators, The Korea Times reported.

Although Chinese lenders don't disclose how many loans they extend or modify, the practice is becoming increasingly popular, according to companies and banking executives. The strategy—called "extend and pretend" by critics—is raising alarms among analysts and bank investors, The Wall Street Journal reported. They warn that it could add to banks' increasing piles of bad loans and may restrict banks' ability to lend to bolster the slowing economy.

Bulgarian telecoms operator Vivacom obtained UK court approval to proceed with a 1.7 billion euro ($2.1 billion) debt restructuring, ending two years of wrangling with lenders and failed attempts to sell the company, Reuters reported. Under a deal approved by Mr Justice Vos in a hearing at the High Court in London, Russia's second-biggest bank VTB Capital and Bulgaria's Corporate Commercial Bank (CCB) are buying over 70 percent of Vivacom and existing lenders are writing off 1 billion euros of debts.

More than four out of every 10 construction firms here were found to have failed to make money in the first six months of the year, weighed down by the prolonged real estate market slump, The Korea Times reported. Most builders are expected to face an even bleaker outlook for the remainder of the year and beyond, with those focusing on the construction of apartments and other residential structures here facing growing risks of bankruptcy.