Australis Capital to acquire Passport Technology in an over $22 million deal

TORONTO: Australis Capital Inc. (AUSA) has entered into an agreement to acquire Passport Technology Inc., leveraging Passport’s international footprint in brick and mortar casinos with AUSA’s Cocoon Technology serving cannabis…

NNR June 25, 2020

Canadian Exchange

Choom’s Ontario expansion continues with its first Toronto location

VANCOUVER: Choom, who has secured an extensive national retail footprint, continues to build momentum after the successful opening of its latest flagship location in Vancouver, with plans to replicate its…

NNR June 25, 2020

Canadian Exchange

Algernon receives ethics approval for U.S. sites for human study of ifenprodil for covid-19

VANCOUVER: Algernon Pharmaceuticals Inc., a clinical stage pharmaceutical development company, has received ethics approval from a central institutional review board for U.S. study sites for its multinational Phase 2b/3 human…

NNR June 25, 2020

Ratings

U.S. insurance companies’ exposures to commercial mortgage loans crossed $522bn

OLDWICK: According to insurance sector rating agency AM Best, the U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more…

NNR June 25, 2020

Wire

London Life International Reinsurance assigned strong ratings with stable outlook

OLDWICK: Rating agency AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to London Life International Reinsurance Corporation (LLIRC) (Barbados).…

NNR June 25, 2020

Ratings

AM Best affirms credit ratings of Samsung Fire & Marine Insurance of Europe Limited

LONDON: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Samsung Fire & Marine Insurance Company of Europe Limited…

NNR June 25, 2020

Ratings

Performance bond demand spotlights differences between approaches of European and US models

LONDON: European governments need to seriously consider the behavioural consequences of different performance bond models for government investment projects, especially as they embark on projects to kick-start COVID-19-affected economies. In…

NNR June 25, 2020

Wire

Virgin Hyperloop and Spirit AeroSystems announce collaboration agreement

LOS ANGELES: Spirit AeroSystems has joined in partnership with Virgin Hyperloop as it prepares to move towards a commercial product. The collaboration will help to solidify the hyperloop prototype utilizing…

NNR June 25, 2020

Singapore Exchange

CapitaLand gears up for tenants’ return to its business parks and offices in Singapore

SINGAPORE: Singapore’s safe reopening underway, CapitaLand is working collaboratively with its ecosystem partners to safeguard the work space community at its business parks and offices against COVID-19. It is proactively…

NNR June 25, 2020

London Exchange

Chesterfield Resources commences percussion drilling in Cyprus

LONDON: Chesterfield Resources Plc, the copper and gold mineral exploration company, has commenced percussion drilling on a series of locations in its Troodos West licence area in Cyprus. Percussion drilling…

NNR June 25, 2020

Wire

AWS announces Amazon Honeycode

SEATTLE: Amazon Web Services (AWS) announced Amazon Honeycode, a fully managed service that allows customers to quickly build powerful mobile and web applications – with no programming required. Customers who…

NNR June 25, 2020

Australian Exchange

US Army places additional orders with Adacel for Air Traffic Control common simulator program

PERTH: Adacel Technologies Limited, an industry leader in advanced air traffic management solutions and simulation training systems, announced the US Army purchased over 60 Adacel simulators to further support its…

NNR June 25, 2020

NewsnReleases

Ageas to sell Malaysian joint venture stake to Maybank for €1.1 billion

Image Scan Holdings acquires ClanTect Limited

TotalEnergies buys power business from Shell, divests renewable portfolio to KKR

Aspo board approves plan to split off ESL Shipping as new listed company

ASSA ABLOY to acquire Gunnebo Entrance Control

Australis Capital to acquire Passport Technology in an over $22 million deal

Choom’s Ontario expansion continues with its first Toronto location

Algernon receives ethics approval for U.S. sites for human study of ifenprodil for covid-19

U.S. insurance companies’ exposures to commercial mortgage loans crossed $522bn

London Life International Reinsurance assigned strong ratings with stable outlook

AM Best affirms credit ratings of Samsung Fire & Marine Insurance of Europe Limited

Performance bond demand spotlights differences between approaches of European and US models

Virgin Hyperloop and Spirit AeroSystems announce collaboration agreement

CapitaLand gears up for tenants’ return to its business parks and offices in Singapore

Chesterfield Resources commences percussion drilling in Cyprus

AWS announces Amazon Honeycode

US Army places additional orders with Adacel for Air Traffic Control common simulator program

Ageas to sell Malaysian joint venture stake to Maybank for €1.1 billion

Image Scan Holdings acquires ClanTect Limited

TotalEnergies buys power business from Shell, divests renewable portfolio to KKR

Aspo board approves plan to split off ESL Shipping as new listed company