Drake & Scull International announces completion of key projects in Kuwait

DUBAI, UAE: Drake & Scull International (DSI), a regional market leader of integrated design, engineering and construction projects, has announced that its Kuwaiti subsidiary, Drake & Scull for Electrical Contracting…

NNR February 4, 2020

Australian Exchange

ANZ completes sale of OnePath P&I to IOOF Holdings

SYDNEY: Australia and New Zealand Banking Group (ANZ) announced it had successfully completed the sale of its OnePath Pensions & Investments (OnePath P&I) business to IOOF Holdings Limited (IOOF). The…

NNR February 3, 2020

Australian Exchange

AM Best affirms credit ratings of Swiss Re’s subsidiary Elips Life Insurance Company

OLDWICK: Global rating agency, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of Elips Life Insurance…

NNR February 1, 2020

Australian Exchange

AM Best upgrades credit ratings of iptiQ Life S.A

LONDON: Insurance sector rating agency AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa”…

NNR February 1, 2020

Australian Exchange Ratings

Etalon GDRs admitted to trading on Moscow Exchange

MOSCOW: Etalon Group Plc, Russia's largest development and construction company, announced that Moscow Exchange has approved the listing of the Company's Global Depositary Receipts (GDRs), and the inclusion of these…

NNR January 31, 2020

Australian Exchange

Brexit bells ring for UK and EU insurers: AM Best

LONDON: Global credit rating agency, news publisher and data analytics provider, AM Best has said that from an operational point of view, the United Kingdom’s departure from the European Union…

NNR January 30, 2020

Australian Exchange Oslo Bourse

Klarna launches in Australia with CBA

SYDNEY: Commonwealth Bank customers will be able to benefit immediately from using one of the world’s largest and most innovative buy now pay later online shopping services following Thursday’s official…

NNR January 30, 2020

Australian Exchange

PSC Insurance to acquire Australian Unity for $1.56mn

MELBOURNE: PSC Insurance Group (PSI) has entered into an agreement to acquire the general insurance broking business of Australian Unity (AU). Australian Unity have general insurance broking operations predominantly in…

NNR January 30, 2020

Australian Exchange

Nasdaq’s net revenues surge to $2.535bn in 2019

NEW YORK: Nasdaq, Inc. has net revenues of $2.535 billion for the full year 2019, an increase of $9 million from $2,526 million in the prior year. The full year…

NNR January 30, 2020

Australian Exchange

Moody’s assigns an A2 IFS Rating to Oman Insurance

DUBAI: Moody’s Investor Services has assigned an A2 Insurance Financial Strength (IFS) rating to Oman Insurance Company citing its outlook as ‘Stable’. Moody’s, alongside S&P, is the largest credit rating…

NNR January 30, 2020

Australian Exchange Singapore Exchange

Cabot Square Alternatives seeks to raise £200mn through an IPO on LSE

LONDON: Cabot Square Alternatives PLC has expressed intention to seek admission to the premium listing category of the Official List and to trading on the Main Market of the London…

NNR January 27, 2020

Australian Exchange

Emirates NBD posts net profit if AED 14.5bn in 2019

DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December 31, 2019 Net interest income…

NNR January 27, 2020