Deutsche Bank’s DWS cuts Asia private credit team: sources

Deutsche Bank’s DWS cuts Asia private credit team: sources

[ad_1] Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore [SINGAPORE] DWS Group, an asset management arm of Deutsche Bank, has dismissed its Asia-Pacific private credit team as it removes the region from its global private credit strategy, according to people familiar of the matter. Frankfurt-based DWS…

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Mandarin Oriental posts ‘stable’ underlying net profit for Q3

Mandarin Oriental posts ‘stable’ underlying net profit for Q3

[ad_1] [SINGAPORE] Hotel group Mandarin Oriental , which is undergoing a privatisation bid from its majority shareholder Jardine Matheson , posted a “stable” underlying net profit for the third quarter of 2025 ended Sep 30, compared to a year ago. The group on Friday (Nov 21) also reported “marginal” growth in its earnings before interest,…

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Vietnam Launches Campaign to Strengthen its Footprint in Global Tourism Market

Vietnam Launches Campaign to Strengthen its Footprint in Global Tourism Market

[ad_1] The northern province of Vietnam’s Ninh Binh hosted a conference on national tourism promotion for 2026 with the goal of boosting country’s competitiveness as a travel destination worldwide and enhancing cooperation between local governments, businesses, and communities. Co-hosted by the provincial People’s Committee and the Ministry of Culture, Sports, and Tourism, the November 19…

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European arms makers retreat as Ukraine peace plan gains traction

European arms makers retreat as Ukraine peace plan gains traction

[ad_1] [BRUSSELS] European defence shares fell to their lowest levels since late August on Friday (Nov 21), pausing their strong run this year, after Ukrainian President Volodymyr Zelenskiy said he was ready for “honest” work on a US-backed plan to end the war with Russia. An index of aerospace and defence companies was down 3.3…

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Foxconn-Nvidia US$1.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says

Foxconn-Nvidia US.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says

[ad_1] Apple’s top iPhone assembler has been expanding beyond electronics into electric vehicles and AI data centres [TAIPEI] Foxconn said on Friday (Nov 21) that a US$1.4 billion supercomputing centre it is building with Nvidia will be ready by the first half of 2026, and when complete will be Taiwan’s largest advanced graphics processing unit…

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