Thai cryptocurrency exchange Zipmex said in a document dated July 27 that its solicitors in Singapore, Morgan Lewis Stamford LLC, filed five moratorium applications, or legal authorization to debtors to postpone payment, under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of the company, Cointelegraph.com reported. Zipmex seeks to protect itself against third party actions, claims, and proceedings for a period of six months while the filing is active.

The bankruptcy court on Thursday allowed a petition to withdraw the insolvency resolution process against Sahara Hospitality, after the company and its operational creditor agreed to settle their dispute, the Economic Times of India reported. Mumbai-based Sahara Hospitality, the owner of Hotel Sahara Star and part of Subrata Roy’s Sahara India Pariwar, was admitted under the corporate insolvency resolution process (CIRP) after operational creditor Delta Electro Mechanical filed a petition claiming a default of over Rs 50 crore by the company.

China Evergrande Group has only days to unveil its restructuring plan, but even if it meets the deadline, the embattled property developer faces a new and considerable hurdle: A young, politically connected investor who wants to wind down the company unless he gets his money back fast, Bloomberg reported. A business tied to Lin Ho Man, who only a few years ago graduated from the University of California Irvine, filed a petition in Hong Kong to wind down Evergrande if it doesn’t repay HK$862.5 million ($110 million).

Australia's economy will grow less than expected in coming years because of a global slowdown, high inflation and rising interest rates, Treasurer Jim Chalmers will say on Thursday, according to excerpts of a speech seen by Reuters. Chalmers will tell parliament that economic growth in the 2021/22 fiscal year that ended on June 30 is expected at 3.75%, down from a forecast of 4.25% made by the previous government in March. Growth forecasts for 2022/23 and 2023/24 have also been revised down by half a percentage point to 3% and 2%, respectively.

The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, including where firms have been delisted, two people with knowledge of the U.S. agency's thinking told Reuters. Washington and Beijing are in talks to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms which, if unresolved, could see more than 270 Chinese firms kicked off New York bourses.

The Bank of Japan won't make any quick or drastic changes to its monetary policy framework and is likely to keep interest rates low, even as this week's board reshuffle brought in less dovish members, former BOJ policy board member Sayuri Shirai said on Tuesday, Reuters reported. "Japan's neutral rate is very low... Together with inflation expectation, Japan's nominal interest rate will be low," Shirai told the Reuters Global Markets Forum (GMF).

China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, Reuters reported. The move would mark the first major step by the state to rescue the beleaguered property sector since the debt troubles became public last year.

Turkey's Financial Stability Committee discussed the impact of global inflation and rising commodity prices on macroeconomic indicators, and the effect of tightening financial conditions on developing countries, it said in a statement, Reuters reported. The committee's meeting came as the Turkish lira slipped to its weakest level against the U.S. dollar since last December, amid concerns about the government's foreign exchange policy in the face of surging inflation and fears of global recession.

Japan's government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact of Russia's war in Ukraine, China's strict COVID-19 lockdowns and a weakening global economy, Reuters reported. The forecast, which serves as a basis for compiling the state budget and the government's fiscal policy, included much higher wholesale and consumer inflation estimates as surging energy and food costs and a weak yen push up prices.

Singapore's key consumer price gauge rose at its fastest pace in more than 13 years, official data showed on Monday, increasing pressure on the central bank to consider tightening monetary policy again later this year if inflation pressures persist, Reuters reported. The data showed inflation rising across a broad set of categories including services, food, retail and utilities. The core inflation rate — the central bank's favoured price measure - rose to 4.4% in June on a year-on-year basis. A Reuters poll of economists had forecast a 4.2% increase in June.