KARACHI: In a first, Pakistan Stock Exchange (PSX) has launched a new product, the Exchange Traded Fund (ETF). With this product, PSX has joined the list of stock exchanges in the world offering ETFs which are investment products combining the returns offered by the stock market with the diversity offered by a mutual fund. PSX…
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NetCents Technology hires Pat Albright as SVP Strategic Development
VANCOUVER: NetCents Technology Inc., a disruptive cryptocurrency payments technology solutions provider, has appointed Pat Albright as Senior Vice President of Strategic Development. Mr. Albright previously served as Marketing and Business Senior Vice President at Moneris Solutions – the largest payment processor in Canada – processing 3 billion transactions annually. Mr. Albright also served as Managing…
SGX RegCo provides guidance on holding of general meetings amid COVID-19
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) in consultation with the Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore is providing guidance on the holding of general meetings amid the COVID-19 situation. SGX RegCo had earlier announced measures to give time extensions for issuers with 31 December financial year-end to hold their annual…
ASX supports ASIC’s steps to ensure equity market resiliency
PERTH: Australian Securities Exchange (ASX) supports the steps Australian Securities and Investments Commission (ASIC) has announced to ensure stability and resiliency across the industry. ASX Managing Director and CEO Dominic Stevens said: “The action is sensible and measured. Recent trading volumes on both ASX and Chi-X have been unprecedented. This has presented operational challenges for…
Euromoney owns Fastmarkets, with the acquisition of Census Commodity Data
LONDON: Euromoney Institutional Investor PLC, the international information services provider of essential information to global and specialist markets, announced the acquisition of 100% of Census Commodity Data, primarily operating through its brand AgriCensus and serving as a Price Reporting Agency (PRA) for the global agricultural commodity markets. Founded in 2017, AgriCensus is a small investment-stage…
FAM partners Invigor to explore co-developed analytics and data solutions
PERTH: Family Insights Group Limited (FAM) has signed a non-binding Memorandum of Understanding with leading data intelligence company Invigor Group to explore co-developed analytics and data solutions for B2B customers. Invigor is a leading data intelligence, insights and analytics business with customers in multiple industries including liquor, white goods and electronics. Increasingly it’s client base…
LiquidX partners with Emirates NBD; expands geographic presence
SINGAPORE: LiquidX, the global network for illiquid assets, announced the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – UAE 2019” by The Banker magazine in recognition of its…
Heartland launches digital home loans
AUCKLAND: Heartland Group has launched digital home loans with low 2.89% p.a. 1 year fixed rate. Heartland Home Loans offers New Zealand’s lowest 1-and 2-year fixed term home loan rates (2.89% p.a. 1 year fixed, 2.97% p.a. 2 year fixed), with no set up fees and an online application. Heartland Home Loans customers can apply…
Al Salam Bank and Bin Faqeeh ink property finance agreement
MANAMA, BAHRAIN: Al Salam Bank-Bahrain has signed a Memorandum of Understanding with Bin Faqeeh Real Estate Investment Company to offer its competitive property financing facility for buyers of the Alsidra development at Diyar Al Muharraq. The family-oriented gated community comprises of 452 luxury villas with two to five bedrooms set in lush green gardens with…
Axactor enters agreement with Resurs Bank in Norway
OSLO: Axactor SE has extended an existing agreement with Resurs Bank in Norway, the agreement now includes the banks “yA” brand, for both cards and loans. The loans will be purely acquisition, but the cards will include a solution rate guarantee where the first 90 days is effectively a 3PC servicing agreement, followed by acquisition.…
Trading in GFH Financial Group’s $300 million Sukuk begins
DUBAI: Jassim Alseddiqi, Chairman of GFH Financial Group (GFH), rang the market opening bell today at Nasdaq Dubai to celebrate the listing of the Group’s USD 300 million Sukuk on the region’s international exchange. The Sukuk is a landmark achievement for GFH as it enters the international debt capital markets. The capital raised supports the…
Singapore Exchange launches methanol futures and swap contracts
SINGAPORE: Singapore Exchange (SGX) Monday launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. The SGX Platts Methanol CFR China Swap and the…