GSK sells its holding in Hindustan Unilever Limited

LONDON: On 1 April 2020 GlaxoSmithKline plc (GSK) announced the completion of its divestment of Horlicks and other Consumer Healthcare nutrition products in India to Unilever, including the merger of…

NNR May 7, 2020

Wire

PIA chooses Amadeus as its long-term distribution partner to drive future growth

KARACHI: Pakistan International Airlines (PIA) has reached a landmark agreement in distribution with Amadeus, the leading travel technology company, giving PIA full access to Amadeus’ global travel seller network. Through…

NNR May 6, 2020

Oslo Bourse

DNO completes Baeshiqa testing, prepares to spud next well

OSLO: DNO ASA, the Norwegian oil and gas operator, announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud…

NNR May 6, 2020

Canadian Exchange

Plymouth Rock Technologies certified to operate drone platform in UK airspace

PLYMOUTH, MASSACHUSETTS: Plymouth Rock Technologies Inc., a leader in the development of cutting edge threat detection technologies, has received permission for Commercial Operations (PfCO) from the Civil Aviation Authority (CAA)…

NNR May 6, 2020

Canadian Exchange

Fandom Sports appoints Vinokurov as CEO and President

VANCOUVER: Fandom Sports Media Corp. has appointed David Vinokurov as the Company’s President and Chief Executive Officer, effective immediately. Fandom Sports Media is an entertainment company that aggregates, curates and…

NNR May 6, 2020

Singapore Exchange

SPH REIT extends tenants’ assistance scheme

SINGAPORE: The Singapore government announced an extension of the circuit breaker by 4 weeks to 1 June 2020. To assist its tenants, SPH REIT will be granting full rental waiver…

NNR May 6, 2020

Singapore Exchange

Hong Leong Finance hits 500th customer in approved COVID-19 loan relief applications

SINGAPORE: Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and…

NNR May 6, 2020

London Exchange

IQE wins BAE Systems’ Gold Tier Award

CARDIFF: IQE plc, manufacturer of advanced semiconductor wafer products for the global semiconductor industry, has won a Gold Tier Award for exceptional performance and contributions to supply chain success in…

NNR May 6, 2020

Ratings

Rostelecom leads in J’son & Partners Consulting 2019 rating

MOSCOW: Rostelecom, Russia's national telecommunications operator, has been ranked at the top of the independent J'son & Partners Consulting 2019 rating. According to the research, the major driver for subscriptions…

NNR May 6, 2020

Ratings

S&P lowered long term credit ratings of South Africa

LONDON: S&P Global Ratings lowered its long-term foreign-currency sovereign credit rating on the Republic of South Africa to 'BB-' from 'BB' and affirmed the 'B' short-term foreign-currency sovereign rating, with…

NNR May 6, 2020

Wire

Nazim Efendiev appointed CEO of Metalloinvest

MOSCOW: Metalloinvest Finance, a leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel, has announced the appointment of Nazim Efendiev as…

NNR May 6, 2020

Pakistan’s overall petroleum products’ sales decline 36% to 1.1mn tons

KARACHI: Pakistan’s overall petroleum products sales by oil marketing companies (OMCs) during April 2020 declined by 36 percent YoY to 1.1 million tons as economic activities declined significantly across country…

NNR May 5, 2020