NEW YORK: For a fourth straight year, the U.S. insurance industry reduced its hedge fund investments, by $2.6 billion in 2019 to $11.9 billion, with the property/casualty segment reporting a year-over-year reduction of 22%, the largest among the major industry…
OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and will acquire and manage properties in Sweden and Finland on…
OSLO: The Board of Norwegian Energy Company ASA (Noreco) announced the appointment of David B. Cook as the new Chief Executive Officer of Noreco with effect from 1 July 2020. Mr. Cook is an experienced executive with a successful track…
ISLAMABAD: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the first quarter results for the company on 20th May. The company posted an after tax loss of PKR 4,332 million compared to the profit of PKR 257 million…
VANCOUVER: THC BioMed Intl Ltd. will begin this week to ship its ready-to-drink Cannabis Beverage Shot, THC KISS, to the legal adult recreational cannabis market. Each 30ml bottle of THC Kiss contains 10 mg of THC. THC BioMed’s first shipment…
VANCOUVER: FansUnite Entertainment Inc. announced the acquisition of McBookie Ltd., a leading provider of regulated betting services in the United Kingdom. Total consideration for the acquisition of McBookie was $2.2M CAD. This included approximately $500k in cash on the closing…
VANCOUVER: Izotropic Corporation announced Anita Nosratieh Ph.D., as a new member of the Company’s Advisory Board. Nosratieh began her career as a lead reviewer at the Food and Drug Administration (FDA), Center for Devices and Radiological Health (CDRH) where she…
TOKYO: In April, Nomura Holdings Inc. announced plans to relocate some of its Japan offices in accordance with the scheduled redevelopment of the Nihonbashi district in Tokyo. In line with the redevelopment, Nomura has obtained the right to real estate…
LONDON: Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, has completed the transaction to acquire operatorship of and a 70% working interest in Licence P2170…
CAMBRIDGE: Bango Plc, the mobile commerce company, has launched carrier billing routes in the Google Play store for new operators in Asia, Latin America and Africa. Millions of customers in Peru, Hong Kong and South Africa can now pay for…
HONG KONG: Lenovo Group announced robust results for its full fiscal year and Q4, demonstrating the company’s position of strength amid unprecedented global transformation. Despite a fiscal year full of macro-economic and industry challenges, the company delivered full-year revenue exceeding…
LONDON: World High Life’s wholly owned subsidiary, Love Hemp Ltd has increased capacity for its LH Botanicals business with new machinery and technology to meet growing demand. Established by the founders of Love Hemp, Tony Calamita and Thomas Rowland, the…