SYDNEY: Power Metal Resources (POW), a metals exploration and development company, announced the commencement of a new joint venture (JV) with Red Rock Resources Plc to build a strategic gold exploration portfolio in Australia. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “This strategic move into Australian gold exploration is an important…
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).
Empire Metals to acquire 41% stake in Munni Munni Palladium Project in Australia
SYDNEY: Empire Metals Limited has entered into a Binding Heads of Agreement with ASX listed Artemis Resources Limited to acquire a 41% interest in the Munni Munni Palladium Project in the West Pilbara, Western Australia and has first right of refusal on a further 29% interest in the project. Mike Struthers, CEO, said: “This acquisition…
BASF and Security Matters collaborate towards a circular economy for plastics
MELBOURNE: Security Matters Ltd and BASF signed a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a circular economy, more plastic waste needs to be recovered and reused. Though there…
Outlook on private mortgage insurers revised to negative as COVID-19 hits housing market
OLDWICK: U.S. based rating agency, AM Best has revised its market segment outlook on the private mortgage insurance segment to negative from stable, as the COVID-19 pandemic has introduced uncertainty in the viability of the primary and secondary markets for mortgages. The mortgage market is considerably healthier than it was during the 2008 credit crisis,…
AM Best revises Canada life insurance industry outlook to negative
OLDWICK: Global rating agency, AM Best has revised its market segment outlook on Canada’s life insurance industry to negative, owing to the significant disruption to the financial markets caused by the outbreak of COVID-19. Concurrently, AM Best is maintaining its stable outlook on Canada’s property/casualty industry. In its Best’s Market Segment Report on Canada’s life…
IDEX Biometrics, FEITIAN achieve certification for China UnionPay dual-interface biometric payment card requirements
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced that its dual interface technology is included in FEITIAN Technologies Co., Ltd.’s certified biometric contactless payment card solution. FEITIAN is one of the world’s leading suppliers of smartcard operating system and digital security system solutions serving more than 200 banks…
Pakistan Stock Exchange launches its first exchange traded fund (ETF)
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…
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…