TOKYO, JAPAN: Daiwa Securities Group Inc., Daiwa Asset Management Co. Ltd. and Global X Management Company Inc. will collaborate in the asset management business, and establish a joint venture (JV), Global X Japan Co. Ltd., to support their customers’ asset…
SINGAPORE: China Jinjiang Environment Holding Company Limited, a leading Waste-to-Energy operator in China, announced that S&P Global Ratings has upgraded the Company’s outlook from negative to positive. This comes on the back of the successful acquisition on 21 August 2019…
ABU DHABI, UAE: Aldar Properties has launched today its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED 722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is…
DUBAI, UAE: SHUAA Capital, the UAE-based financial services group which recently completed a transformational merger with Abu Dhabi Financial Group L.L.C. announced that it has agreed to sell its SHUAA Securities brokerage and market-making businesses in the UAE to IHC…
KARACHI: At the 25th Anniversary of Intertextile Shanghai Apparel Fabrics, Pakistan will complete its 21 years of regular participation, as 32 Pakistani companies under the auspices of Trade Development Authority of Pakistan (TDAP) are participating in the event. It may…
HONG KONG: Hong Kong Exchanges and Clearing Limited (HKEX) has entered into a memorandum of understanding (MOU) with Ping An Insurance Company of China Limited to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance…
LONDON: Rating agencies have placed the credit ratings under review with developing implications for the major property, casualty and life/health insurance companies operating in the Bahamas. These rating actions are a result of the devastation caused by Hurricane Dorian and…
IRVINE–(BUSINESS WIRE)–Dahua Technology, a world-leading, video-centric, video surveillance equipment manufacturer, has announced their product lineup for the Global Security Exchange (GSX), 2019. Dahua has been focused on empowering its customers through technology to help them grow their business and ensure…
OLDWICK: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Heartland Fidelity Insurance Company, Washington D.C. The credit ratings reflect Heartland’s…
SINGAPORE: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of ERGO Insurance Pte. Ltd., Singapore. The Credit Ratings (ratings) of ERGO Insurance reflect its balance sheet strength,…
SINGAPORE: Sembcorp Industries announced that the Group has divested its entire stake in Sembcorp Energy Australia Pty Ltd (SEA), formerly known as Vellocet Clean Energy Pty Ltd (VCE), in Australia. The Group has sold its 81.3% stake to Achievement (S)…
SINGAPORE: The Board of Directors of LCT Holdings Limited has entered into a non-binding term sheet in relation to the proposed acquisition of the entire equity interest in PG Automotive Holdings Pte. Ltd. together with its subsidiaries and associated companies…