MONTREAL: Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (la Caisse) for the sale of its transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the…
Al Baraka Banking Group Collaborates with Bahrain Bourse and Central Bank to offer Sukuk based Murabaha facility
MANAMA: Al Baraka Banking Group (ABG), as part of its strategy to offer a wide range of services and investment channels for its clientele, has announced the launch of Islamic Commodity Murabaha financing service. The announcement came as Al Baraka Banking Group and Bahrain Bourse signed an agreement on September 2, 2020. The virtual signing…
SGX wins Best Exchange for FX at FX Markets e-FX Awards 2020
SINGAPORE: Singapore Exchange (SGX) has been named “Best Exchange for FX” at the FX Markets e-FX Awards 2020. The awards have been running for 18 years in recognition of the best-in-class in electronic FX trading globally. In 2018 and 2019, SGX won the “Best FX Exchange in Asia” and “Best FX Clearing House in Asia”…
Fluor completes new Valvoline Lubricants facility in China ahead of schedule
IRVING: Fluor Corporation announced that it has safely achieved mechanical completion of Valvoline’s new lubricants facility in Zhangjiagang, China, ahead of schedule. Fluor’s scope of work on the project included detailed engineering, procurement and construction management executed under a lump-sum services contract. The new 80,000-square-meter blending and packaging facility is Valvoline’s largest plant investment to…
Enovate Upstream announces string of high-profile partnerships
HOUSTON: Enovate Upstream – the only digital hybrid start-up founded by experienced oil and gas (O&G) executives and research leaders – began with a mission to overhaul the industry using its groundbreaking technology and methodology in data analytics. Since launching less than two years ago, Enovate has inked a series of strategic alliances with well-established…
Black Knight completed acquisition of Optimal Blue
LAS VEGAS: Black Knight Inc. has completed its acquisition of Optimal Blue, a leading provider of secondary market solutions and actionable data services. “Bringing Optimal Blue into the Black Knight family enhances our robust set of solutions with the addition of industry-leading product, pricing and eligibility capabilities and increases our already comprehensive data and analytics…
Singapore and Apple partner on national health initiative using Apple Watch
CUPERTINO: The government of Singapore and Apple announced their partnership on the health initiative LumiHealth, a personalized program to encourage healthy activity and behaviors using Apple Watch. The first-of-its-kind program was designed by Singapore’s Health Promotion Board in conjunction with Apple as part of the country’s Smart Nation initiative, a national effort to leverage technology…
Apple extends the Apple Watch experience to the entire family
CUPERTINO: Apple announced Family Setup in watchOS 7, bringing the communication, health, fitness, and safety features of Apple Watch to kids and older family members of the household who do not have an iPhone. For the first time, Apple Watch can be set up through a parent’s iPhone, so kids can connect with family and…
T-Mobile to offer new Apple Watch Series 6, Apple Watch SE, iPad (8th gen) and iPad Air
BELLEVUE: T-Mobile will offer the latest products from Apple, including Apple Watch Series 6, Apple Watch SE, Family Setup, the eighth-generation iPad and redesigned iPad Air. Customers will be able to order Apple Watch Series 6 and Apple Watch SE in T-Mobile stores on Friday, September 18. Support for Family Setup in watchOS 7, which…
Spark New Zealand CEO Jolie Hodson explains three-year strategy
AUCKLAND: Spark New Zealand released details of its three-year strategy covering the period FY21 to FY23. The strategy builds on the momentum of the prior three years, which delivered compound annual growth in shareholder returns of 13% – the highest of Spark’s international peer group. Spark Chair Justine Smyth said: “Our next three year strategy…
Mayur appoints Papua New Guinea business leader to Board
BRISBANE: Mayur Resources Limited has made a key appointment to its Board as the company’s emergence as a major industrial minerals and energy player in Papua New Guinea (PNG) starts to gather pace. Distinguished PNG business leader and resident Mr Hubert Hanjause Namani has been appointed as a Non-Executive Director. As a legal practitioner and…
Latrobe Magnesium’s plant approved by EPA
SYDNEY: Latrobe Magnesium Limited’s application to the Environmental Protection Authority (EPA) for its research, development and demonstration application for its initial 3,000 tpa magnesium plant at 320 Tramway Road Hazelwood North was approved and a certificate issued. The approval allows LMG to operate the plant for a period of 18 months post the commissioning stage….