SINGAPORE: Singapore Exchange (SGX) has welcomed Southern Alliance Mining Ltd. to its Catalist under the stock code “QNS”. Southern Alliance Mining Ltd. opened at S$0.26 on Friday. Southern Alliance Mining Ltd. is an established producer of high-grade iron ore products…
SYDNEY: Virgin Australia moves to re-launch with the announcement that Bain Capital has entered into an agreement with its administrators to become the new owner of the airline. Virgin Australia will now work closely with Bain Capital on its vision…
FRAMINGHAM: According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, increased 2.2% in the…
IRVINE: Executing against its global advanced solutions strategy, Ingram Micro Inc. noted a series of growth investments spanning the Asia Pacific region, which accounts for 10 countries. In addition, ASEAN Vice President and Country Chief Executive (CCE), Francis Choo, will…
LONDON: A meeting of the Company’s newly elected Board of Directors was held in absentia. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller, Chairman of the Gazprom Management Committee, was named…
TORONTO: Australis Capital Inc. (AUSA) has entered into an agreement to acquire Passport Technology Inc., leveraging Passport’s international footprint in brick and mortar casinos with AUSA’s Cocoon Technology serving cannabis dispensaries in North America and AUSA’s Paytron Merchant Services. In…
VANCOUVER: Choom, who has secured an extensive national retail footprint, continues to build momentum after the successful opening of its latest flagship location in Vancouver, with plans to replicate its success in Toronto. Choom has strategically chosen the young, creative,…
VANCOUVER: Algernon Pharmaceuticals Inc., a clinical stage pharmaceutical development company, has received ethics approval from a central institutional review board for U.S. study sites for its multinational Phase 2b/3 human study of NP-120 (Ifenprodil) for COVID-19. Ifenprodil is an NMDA…
OLDWICK: According to insurance sector rating agency AM Best, the U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more than $522 billion, up significantly from $382 billion in 2015….
OLDWICK: Rating agency AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to London Life International Reinsurance Corporation (LLIRC) (Barbados). The outlook assigned to the Credit Ratings is stable. London…
LONDON: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Samsung Fire & Marine Insurance Company of Europe Limited (SFME) (United Kingdom). The outlook of these Credit Ratings is…
LONDON: European governments need to seriously consider the behavioural consequences of different performance bond models for government investment projects, especially as they embark on projects to kick-start COVID-19-affected economies. In its new Best’s Special Report, “Performance Bonds—Demand Spotlights Different Approaches”,…