World
The firm allegedly misused confidential client data to win lucrative audit contracts.
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Bitcoin's star fades, as investors flock to lustre of AI, megacap IPOs
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China pushes fund managers to support innovation, warns against concept hype
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Partners Group to stick to private wealth strategy, says chairman
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OpenAI plans to turn ChatGPT into superapp ahead of listing
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Vietnam's first unicorn VNG sets strong profit target amid AI push
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Editor’s Take: The Week That Was—June 1-6
KKR-backed EQuest Education secures $115m syndicated loan
Quadria-backed HealthQuad invests in patient monitoring platform LifeSigns
French asset manager Eurazeo scouts for SE Asia bets with $20m ticket size
Beauty retailer Konvy bags $22m in Series B led by Cool Japan Fund
Greater China
Brokerages Tiger and Longbridge released similar statements earlier this week.
Indonesia
The beneficial owner of FMCG distributor RMS has been detained.
Tiger said investors can still trade overseas.
Prosecutors allege that Makarim was involved in improper laptop procurement.
Li heads the flagship offshore unit of China’s brokerage giant Citic.
The rules will take effect from July 1.
The investment arm could request funds from the state budget.
The reforms could draw top wealth managers and star investors to set up in the city.
A review found deficiencies in the way HUB24 added new investment options for its members.
