DealStreetAsia
Mirova raises $171m for Asia, Africa blended finance debt fund
Sustainability-focused investment manager targeting $500m
Companies
Semiconductors
Mitsubishi Electric to quintuple silicon carbide power device output
Company to invest $700m in new Japanese plant
Companies
Nidec's hunt for Nagamori successor leads to 5 new vice presidents
Outside committee will pick one as the next president in April 2024
Companies
Philippines' Lopez Group looks to geothermal, LNG for future growth
Conglomerate seeks to offset collapse of media business after political frictions
Finance
Japan Post Bank's new stock offering valued at over $9bn
Retail investors are driving force behind massive share sale
Transportation
Japan's ANA to lift revenue with new Tokyo-Europe routes
Some service to Asia to remain suspended through fiscal 2025 amid high fuel and labor costs
Finance
Biden says U.S. banking system is safe after SVB, Signature collapse
President vows that there will be stricter financial regulation
Aerospace & Defense Industries
IHI teams up with Northrop to monitor suspicious satellites
Japan-U.S. contractor alliance targets Tokyo's expanding defense budget
Finance
HSBC acquires U.K. arm of defunct Silicon Valley Bank
Operations sold for 1 pound in transaction that closed 'immediately' on Monday
Travel & Leisure
Indonesia's Traveloka eyes sustainability demand as tourists return
Online booking unicorn seeks 'quality' partnerships for wider ASEAN market share
DealStreetAsia
FMO pitches $11m investment in Indian microfinance company Arohan
Funds will be used to finance post-COVID growth, boost technology
Agriculture
Agrochemical makers sow seeds in nascent Indian market
Factory investments take aim at industry heavy on small rural farms
Opinion
Foreign companies are not all rushing back to China
Multinationals reassess whether local production and sales are still worthwhile
Retail
India's trendy thrift stores offer cheap alternative to fast fashion
Environmentally conscious young people turn to secondhand clothing
Finance
Silicon Valley Bank shut down by U.S. banking regulators
Tech-focused lender had faced deposit outflows and failed in attempt to raise new capital
Electric cars in China
China battery giant CATL's profit surges 93% on booming demand
Margin pressure on EV batteries raises concerns as lithium costs increase
Automobiles
Mitsubishi Motors to invest $12bn in green cars by 2030
Japanese automaker aims to 'double' revenue from Southeast Asia
Companies
South Korean e-commerce Coupang pulls out of Japan
Quick delivery of food and daily essentials will terminate this month
DealStreetAsia
Minnesota SBI commits $100m to Angelo Gordon Asia property fund
Real estate fund will focus on underperforming, troubled assets
Automobiles
Isuzu to make executive Shinsuke Minami president and COO
Incumbent President Masanori Katayama to become chairman and CEO
