SINGAPORE: iFAST Corporation Ltd. notified that the digital bank consortium led by the group was not among the successful applicants awarded for a digital wholesale bank (DWB) licence announced by the Monetary Authority of Singapore (MAS) in the evening of 4 December 2020. As stated in MAS’ announcement, MAS will review whether to grant more…
iFAST Corporation (AIY)
iFAST Corporation (AIY) is a wealth management Fintech platform, with assets under administration (AUA) of S$12.59 billion as at 30 September 2020. Incorporated in the year 2000 in Singapore and listed on the SGX-Mainboard in December 2014, iFAST Corp is also present in Hong Kong, Malaysia, China and India. Through the years, the Group has…
Atlas acquires LSC Communications in a bankruptcy court supervised process
GREENWICH: Atlas Holdings, a private investment & equity firm, has bought substantially all of the assets of LSC Communications Inc., a North American leader in print and digital media solutions, a news release said. The transaction concludes a court-supervised sale process, pursuant to Section 363 of the U.S. Bankruptcy code. LSC is the largest producer…
AT&T Communications CEO Jeff McElfresh urges Congress to fund Broadband DATA Act
DALLAS: Jeff McElfresh, CEO of AT&T Communications, has discussed country’s digital divide at the USTelecom Broadband Investment Forum, and urged Congress to fully fund the Broadband DATA Act. He discussed the country’s digital divide, touching on the following areas: Current state of broadband: Since 1996, U.S. providers have invested nearly $2 trillion to build and…
Takashi Nagao appointed President and CEO of Medicago
QUEBEC CITY: Medicago, a biopharmaceutical company headquartered in Quebec City, Canada, announced Takashi Nagao as the company’s new President and Chief Executive Officer. Prior to becoming President and CEO, Mr. Nagao served as the Chairman of the Board of Medicago, where for the last four years, he has guided Medicago executives to get the company…
Staminier Limited to enter EV motorcycle market by acquiring P&H
TORONTO: GreenBank Capital Inc. announced that Staminier Limited has entered into a 45 day option agreement to acquire P&H Motorcycles Ltd (P&H), the South of England’s biggest distributor of high-performance motorcycles, including Ducati, Yamaha, Kawasaki, Suzuki, KTM, Scrambler and Honda. GreenBank has an existing 19% stake with an option to increase to 100% in Staminier…
Moody’s upgrades ITT Inc. ratings
WHITE PLAINS: Moody’s Investors Service upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company’s senior unsecured debt rating to Baa2 from Baa3, and its short-term commercial paper rating to Prime-2 (P-2) from Prime-3 (P-3). In their press release, Moody’s noted the ratings upgrades reflect Moody’s expectation that ITT will sustain…
Red Light Holland names Karim Rashid as Head of Design
TORONTO: Red Light Holland Corp. has named Karim Rashid – Head of Design, for the design and development of the Wisdom Truffle companion. Karim Rashid who has 1.1million Facebook followers, 210,000 Instagram followers and 29,000 Twitter Followers, has been described by Time Magazine as the “most famous industrial designer in all the Americas”. “We are…
US-China conflict adding limitations to technology innovation
BEIJING: Huawei CFO, Meng Wanzhou extradition hearings continues this week in Vancouver. Standoff over Huawei’s CFO in Canada Court hits 2-year mark. The case which brought tension between US, Canada and China comes along with US ban on Huawei which affects global technology and harmful to globalization. The last round of the case hearing sessions…
Mutares sells Balcke-Dürr Rothemühle to Howden after a successful turnaround
MUNICH: Balcke-Dürr, a holding of Mutares SE & Co., has sold Balcke-Dürr Rothemühle to Howden Group after a successful reorganization and carve out, a news release said. The transaction is expected to close in Q12021 and is subject to regulatory approval. Balcke-Dürr Rothemühle is an integrated service, engineering and original equipment provider to the flue…
Gfinity Plc
Gfinity Plc (AIM: GFIN) is a world leading esports business. Created by gamers for the world’s 2.7 billion gamers, Gfinity has a unique understanding of this fast-growing global community. It uses this expertise both to provide advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders,…
SSE Plc sells 10% stake in Dogger Bank Wind Farm to Eni for £202.5 million
LONDON: SSE has entered into an agreement to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Divesting this stake…