China Evergrande, the troubled property giant that is teetering on the edge of collapse, appears to have bought itself a little more time, the New York Times reported. On Friday, the world’s most indebted property developer made an $83.5 million interest payment to bondholders, according to Securities Times, an official newspaper. The outlet, which is backed by People’s Daily, the Communist Party’s official newspaper, didn’t offer further details. The payment came with just one day left on a 30-day grace period to avoid a default.

Japan finally has an inflation pulse and the gains are much stronger than they first appear, a factor that could start to influence speculation over the Bank of Japan’s policy path, Bloomberg News reported. While the first rise in key consumer prices in 18 months was just 0.1% in September, once the impact of slashed mobile phone fees is removed, core inflation is closer to 1.4%, according to a Bloomberg calculation. The sharp reductions in cellphone charges stem from a campaign of public pressure on mobile carriers to reduce fees by former Prime Minister Yoshihide Suga.

The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries, Reuters reported. The currency had already hit record lows last week after the Turkish central bank (CBRT) cut its policy rate by 200 basis points, despite rising inflation, in a shock move derided as reckless by economists and opposition lawmakers. The lira hit an all-time low of 9.75 by 1840 GMT on Sunday, weakening from Friday's close of 9.5950.

China Huarong Asset Management Co.’s shareholders approved a plan to sell assets and raise capital at its long-delayed annual general meeting, two months after the financial giant unveiled a state-led rescue package that ended speculation over its fate, Bloomberg News reported. Shareholders passed resolutions to extend the period in which it can issue the remaining 10 billion yuan ($1.6 billion) of its capital bond quota and grant the board a mandate to issue up to 20% of its outstanding shares, Huarong said in a filing Thursday after the meeting at its Beijing headquarters.

China Evergrande Group has secured more time to pay a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer even as a debt crisis in the broader property sector deepened with more defaults, Reuters reported. News of the three month-plus extension came a day after Evergrande scrapped a deal to sell a 50.1% stake, worth $2.6 billion, in a property services unit that could have eased some immediate pressure on the firm.

The pain is spreading in the market for Chinese junk bonds. Dollar-bond defaults from Chinese property developers are rising quickly as the country’s housing market slumps, and the problem could worsen as a wave of debt from the beleaguered industry comes due in the coming months, the Wall Street Journal reported. Real-estate developers dominate China’s international high-yield bond market, making up about 80% of its total $197 billion of debt outstanding, according to Goldman Sachs.

The Turkish lira plunged to a record low against the U.S. dollar Thursday after a harsher-than-expected cut in interest rates, the Associated Press reported. The decision by the Central Bank’s monetary committee to cut the rate from 18% to 16% surprised analysts. The lira dropped to 9.45 against the dollar, compounding a long run of losses. The cut, which came as inflation stands at nearly 20%, will be seen by many as further evidence of the bank’s lack of independence from the government of President Recep Tayyip Erdogan.

China Evergrande Group has dropped plans to sell a 50.1% stake in its property services unit, which would have raised $2.6 billion, dealing another blow to the cash-strapped developer's efforts to raise cash to pay its creditors, Reuters reported. Once China's top-selling developer and now reeling under more than $300 billion in liabilities, Evergrande was in talks to sell the stake in Evergrande Property Services to smaller rival Hopson Development Holdings.

Asia Aviation Pcl, the operator of Thailand’s biggest budget carrier Thai AirAsia Co., plans to raise as much as 17.9 billion baht ($535 million) from new loans, share sales and convertible-debt offerings as it attempts to restock coffers depleted by the worst crisis in aviation history, Bloomberg News reported. A revised financial restructuring plan for the company has been put forward and Asia Aviation is consulting with new investors, shareholders and creditors, Asia Aviation said in an exchange filing late Tuesday.

Indian bonds may not sell off sharply even as the nation’s central bank unwinds stimulus measures because the monetary authority has been communicating its gradualist approach to participants, according to Reliance Nippon Life Insurance, Bloomberg News reported. “It’s a very transparent and calibrated approach the monetary policy committee is taking,” Jyoti Vaswani, chief investment officer at Reliance Nippon Life Insurance Ltd. said in an interview with Bloomberg TV.