Caixin
Investigator at China's top graft buster turns himself in
Surrender comes as Beijing targets 'systemic and regional corruption'
Finance
Finance
Japan considers Tokyo, Osaka, others for English-only finance zones
Sapporo, Fukuoka also candidates to attract overseas asset managers
China debt crunch
China Evergrande stock down 19% on news chairman held by police
Heavily indebted developer's restructuring plan now in even greater doubt
DealStreetAsia
Singapore's Grab closes GrabInvest, related investment products
Decision comes as part of efforts to streamline financial services
Caixin
Fraudulent fundraising for sick children tarnishes China charity
NGO member defrauds parents of kids with acute illness of nearly $1.3m
Aerospace & Defense Industries
Japan's MUFG Bank, 2 others lead $290m Sierra Space fundraising
Tokio Marine & Nichido Fire and trading house Kanematsu also invest in the company
Cryptocurrencies
Orix Bank, Binance eye stablecoin offerings in Japan
Currency-linked tokens hold promise for slashing business transaction costs
DealStreetAsia
Malaysian wealth startup Versa aims for profitability by 2027
CEO banks on annual doubling in gross transaction volume to meet goal
Finance
Japan's audit base weakening despite growth in CPA applicants
More certified accountants seek to avoid increasingly hard work of auditing
Construction
Komatsu, Hitachi Construction boost financing for African, U.S. buyers
Mining, infrastructure and housing demand expected to grow
DealStreetAsia
Malaysian pension fund KWAP launches $107m investment vehicle
Purpose is to target startups, venture capital funds over next 18 to 24 months
US-China tensions
Silicon Valley venture firm GGV splits U.S. and China operations
Move comes amid Washington scrutiny and follows similar decision by Sequoia Capital
Finance
Full text of Japanese Prime Minister Kishida's speech at Economic Club of New York
Plans for special zones to lure overseas asset managers outlined
Finance
Japan to launch special investment zones where only English is needed
Kishida unveils initiatives to attract global talent in asset management
DealStreetAsia
Asia Healthcare Holdings acquires kidney care hospital chain AINU
India-based platform, backed by TPG and GIC, expands into urology, nephrology
Cryptocurrencies
Hong Kong virtual bank ZA bets on city's blockchain goals
Company offers Web3 firms hard-to-get financial services
Economy
Fed leaves rates unchanged but sees tighter policy through 2024
Two-year Treasury yield rises to highest level since 2006 on hawkish outlook
DealStreetAsia
Bangladesh's DBH pegged for $30m loan from World Bank Group member
International Finance Corporation proposes funds for housing loan institution
Finance
Japan's Kishida to roll out red carpet for overseas asset managers
Prime minister to pledge structural reforms in $5tn sector in New York speech
DealStreetAsia
Indonesian raw material startup Bababos secures $3m seed funding
Procurement firm eyes accelerated expansion beyond Greater Jakarta, Surabaya
Finance
Japan's SMBC to boost rates on dollar deposits to 5.3% from 0.01%
Bank will give higher interest on U.S. currency than big American peers
Telecommunication
KKR to acquire 20% stake in SingTel's data center unit for $807m
Southeast Asia's economic growth makes it a hotbed of global investment
Market Spotlight
China's top developers lost close to $3bn due to weakened yuan
U.S.-dollar indebted Evergrande, Sunac and Country Garden head the list
Comment
Bubble trouble: Ex-Lehman Japan chief looks back for lessons
Human greed inflates economic bubbles, says Akio Katsuragi
China debt crunch
Evergrande's life insurance arm taken over by new state-owned vehicle
Former poster child for China's inland development shifting to coastal city