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* Jonathan Gray, president and COO of New York-based Blackstone Group LP, said the company will have to invest in geographies or businesses with fast-growing earnings, such as Asia and technology, as interest rates increase, Bloomberg News reported.
GREATER CHINA
* Singapore-based DBS Group Holdings Ltd. has formed a debt capital market product and advisory team in China to attract more domestic clients, Bloomberg News reported, citing Clifford Lee, head of fixed income at the group. The team will comprise three bankers in Shanghai and Beijing headed by Cleaven Yu.
* Hong Kong's one-month interbank loan rate increased almost 28 basis points from the Sept. 21 level to 2.16929% on Sept. 24, the highest since Oct. 30, 2008, the Financial Times reported. The city's overnight rate rose over 2 percentage points to 3.85285%. The increases came amid expectations that the U.S. Federal Reserve will raise rates on its Sept. 26 meeting.
* The average interest rate on new housing loans by five Taiwanese lenders -- Bank of Taiwan, Land Bank of Taiwan Co. Ltd., Taiwan Cooperative Bank Ltd., Hua Nan Commercial Bank Ltd. and First Commercial Bank Co. Ltd. -- climbed to 1.626% in August from 1.62% in July, the Taipei Times reported, citing data from the central bank. The rise was attributed to a decline in preferential mortgages for first-time home buyers, which typically come with lower interest rate, the report said, citing Chinese-language newspaper Liberty Times.
JAPAN AND KOREA
* Japan Industrial Partners, the investment company that previously acquired Sony Corp.'s Vaio personal computer division, has reportedly formed a fund worth ¥200 billion, Kyodo News reported. The size of the fund is the largest in the country's buyout funds.
* Nippon Life Insurance Co. is expected to acquire venture company Lifull Fintech by the end of September, Tokyo's The Nikkei reported. Lifull operates the largest insurance consultation business in the country. The acquisition amount is likely to reach hundreds of...