AMSTERDAM: Euronext has congratulated Prosus (PRX), the global consumer internet group and one of the largest technology investors in the world, on its listing in Amsterdam. The listing of Prosus on Euronext Amsterdam further strengthens Euronext’s position as the leading European platform for global tech companies who seek access to the worldwide capital markets. Prosus…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Mitie Group secures IFM contract extension with Lloyds Banking Group
LONDON: Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG). Mitie has been delivering IFM services to LBG since 2012 under a transformational partnership and this agreement extends the partnership through to the end of 2024. The extended contract represents a step…
Ahli Bank announces EMTN roadshow
DOHA: Ahli Bank rated A2 by Moody’s and A by Fitch, has mandated Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income investor meetings on its behalf commencing on Friday, 13th September 2019. A 5-year fixed…
SGX named Derivatives Exchange of the Year by Asia Risk
SINGAPORE: Singapore Exchange (SGX) has been named “Derivatives Exchange of the Year” by Asia Risk magazine for the sixth consecutive year, retaining a prestigious award that recognises best practices in risk management. Asia Risk, a leading industry publication, highlighted SGX’s innovation in developing solutions that ensure international investors have continued access to emerging markets across…
ADCB to sell majority of its India banking portfolio to DCB Bank
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…
DFM and its listed companies participate at HSBC’s Global Emerging Markets Investor Forum
DUBAI: The Dubai Financial Market (DFM) has successfully participated in the Global Emerging Markets Investor Forum (GEMS), one of the largest emerging markets investment forums organized by the HSBC in London, a release said. The DFM and its listed companies achieved one of the strongest presence amongst exchanges attending the event that was concluded last…
Daiwa Securities and Global X to establish a JV to expand domestic ETF business
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 building through their new Exchange Traded Fund (ETF) solutions to investors in Japan. The global…
SHUAA Capital exiting non-core businesses
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 RSC Ltd, a subsidiary of International Holdings Company (IHC), pending regulatory approvals. IHC is an…
HKEX signs MOU with Ping An Insurance Group
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 the region’s financial market ecosystem. HKEX Chief Executive, Charles Li, joined Ping An Chairman, Ma…
Ratings of insurance companies under review in aftermath of Hurricane Dorian
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 the limited information that is currently available with regard to loss of life and property,…
AM Best revises outlooks to positive for Heartland Fidelity Insurance
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 balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating…
AM Best affirms credit ratings of ERGO Insurance
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, which AM Best categorizes as strong, as well as its marginal operating performance, limited business…