SYDNEY, AUSTRALIA: Lithium Energy Limited, an ASX-listed company focused on lithium brine projects in South America, has announced that it has signed a binding agreement with Lanshen, a Chinese company that provides direct lithium extraction (DLE) technology and plant manufacturing, to build a lithium carbonate plant at its Solaroz project in Argentina. The plant, which…
Resimac to buy $150m commercial loan portfolio from Thorn Group
SYDNEY, AUSTRALIA: Resimac Group Ltd, an ASX-listed non-bank lender, has announced that it has agreed to buy a $150 million portfolio of commercial asset finance loan receivables from Thorn Group Ltd, an ASX-listed consumer leasing and finance company. The deal, announced on Tuesday, supports the strategic growth objectives of Resimac’s Asset Finance division, which provides…
Al Salam Bank Launches its “Buy Now, Pay Later” Service for its Debit Cardholders
MANAMA: Al Salam Bank announced the launch of its “Buy Now, Pay Later” service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year. The fully automated, instant, and seamless service allows clients to settle their payments in installments within a specific time frame defined by…
abrdn Diversified Income and Growth launches strategic review
LONDON, UK: abrdn Diversified Income and Growth plc (ADIG), an investment trust that invests in a globally diversified multi-asset portfolio, has announced that it has started a strategic review to consider how it can best deliver value to shareholders. The company, which was formerly known as Aberdeen Diversified Income and Growth Trust, said on Tuesday…
Active Energy appoints Barron Hewetson as the Company’s Chief Technology Officer
LONDON, UK: Active Energy, the international biomass based renewable energy business, announced the appointment of Barron Hewetson as the Company’s Chief Technology Officer, with effect from 1 July 2023, to focus on the development of CoalSwitch® production in the United States. Barron’s role will initially be in a non-Board capacity. Barron joins Active Energy from…
Esken sells stake in Mersey Bioenergy for £9 million
LONDON, UK: Esken, the aviation and renewable energy group, has agreed to sell its stake in Mersey Bioenergy, a combined heat and power plant in Widnes, to UK Waste Resources and Energy Investments L.P., a member of the Bioenergy Infrastructure Group, for £9 million. The deal, announced on Tuesday, is part of Esken’s ongoing strategy…
Centuria buys WA shopping centre for $16m to launch new fund
SYDNEY, AUSTRALIA: Centuria Capital Group, an ASX-listed property investment firm, has acquired the Busselton Boulevard Shopping Centre in Western Australia for $16 million, which will form the basis of a new single-asset wholesale fund. The Busselton Boulevard Shopping Centre Trust (BBSCT) will offer investors a forecast initial distribution yield of 7.50% per annum, monthly distributions…
ARN Media buys 14.8% stake in Southern Cross Media Group
SYDNEY, AUSTRALIA: ARN Media, an Australian media company that owns radio and outdoor advertising assets, has acquired a 14.8% stake in Southern Cross Media Group (SCA), a rival radio and television broadcaster, for $38.3 million. ARN Media, which is listed on the ASX (A1N), said in a statement on Tuesday that it sees the equity…
Alibaba announces leadership shakeup amid challenges, CEO Daniel Zhang steps down
Alibaba Group Holding, the Chinese e-commerce giant, announced on Tuesday that its Chairman and CEO Daniel Zhang will step down from those roles and focus on the cloud business, as the company faces regulatory hurdles and intense competition. Zhang will be replaced by Joe Tsai, the executive vice chairman, as the new chairman of the…
Exchange rates for GBP against major currencies on June 20, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1702 Pounds to Euros GBP-USD 1.2779 Pounds to Dollars GBP-NZD 2.0702 Pounds to New Zealand Dollars GBP-AUD 1.8788 Pounds to Australian…
Bitterroot Bio emerges from stealth with $145M to develop immunotherapies for heart disease
Bitterroot Bio, a biotech company that aims to develop immunotherapies for cardiovascular disease, has announced its emergence from stealth mode and a $145 million series A funding round, the largest-ever investment for a preclinical CVD-focused biotech. The Palo Alto-based company, founded by Drs Nicholas Leeper and Irving Weissman, is on a mission to revolutionize cardiovascular…
Opnfi and actyv.ai partner to offer B2B embedded finance solutions in emerging markets
Opnfi, a company that provides a B2B embedded finance (EmFi) platform, and actyv.ai, an AI-powered enterprise SaaS platform with embedded B2B buy now pay later (BNPL) and insurance, have announced a strategic partnership to bring EmFi solutions for businesses in high-growth potential markets in South Asia, ASEAN, the Middle East and Africa. The partnership will…