OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Wright National Flood Insurance Company (WNFIC) (San Antonio, TX). The outlook of these Credit Ratings (ratings) is stable. The ratings…
SINGAPORE: Leading global food and agri-business, Olam International announced that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (OTPL), has secured a medium-term samurai loan facility aggregating JPY 25 billion in the Japanese market. N Muthukumar, Managing Director and Group…
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk…
KARACHI, PAKISTAN: Pakistan International Airlines (PIA) resumes its regular flight operations to UAE from Thursday and tickets are already up for grabs, PIA Spokesman said on Wednesday evening. Now PIA passengers will be able to travel from Pakistan to Dubai,…
LONDON: Metro Bank announced the appointment of Robert Sharpe as Chairman. It is anticipated that Robert will commence the role from 1 November 2020, subject to regulatory approval. He will succeed Sir Michael Snyder, who was appointed Interim Chairman in…
LONDON: Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announced the initiation of its enlarged share buyback programme to purchase up to US$10 million of the Company’s…
LONDON: Ørsted A.S and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within…
HAMBURG: The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises. Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group. The joint venture TUI Cruises, which has developed very successfully…
PERTH: Damstra Holdings Limited, an Australian-based global provider of integrated workplace management solutions, announces that it has entered into an implementation agreement to acquire Vault Intelligence Limited. The acquisition will create a larger, more diversified, workplace management company with an…
BRENTWOOD: Quorum Health Corporation has successfully completed its financial restructuring and emerged from the Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware. The Company announced the appointment of veteran health care executive Joey Jacobs as Chief…
DALLAS: Mary Kay Inc. and its Mary Kay Global Design Studio, recently sponsored and participated in various beauty, fashion and design events around the world with the aim of promoting the art of individual and unique beauty—and beauty artists themselves—setting…
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that the Nomination Committee of its Board of Directors has appointed Naya Kalogeraki to serve in the newly created role of Chief Operating Officer (COO), effective September 1, 2020. She will report to Zoran…