SINGAPORE: Keppel Offshore & Marine Limited has through its wholly owned subsidiaries, Keppel FELS Limited and Offshore Partners Pte. Ltd., entered into a Framework Deed with Borr Drilling Limited and certain of its subsidiaries pursuant to which Keppel O&M agreed to, among other things, defer the scheduled delivery of five jackup rigs to Borr Drilling…
JCPenney provides update on store optimization strategy
PLANO, TEXAS: J. C. Penney Company has taken the first step in implementing its store optimization strategy. Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the Company, JCPenney identified the first phase of 154 store closures. Following entry of an order at the…
Clive Dix appointed deputy chair of the steering board of UK Vaccine Taskforce
LONDON: Chief Executive Officer of C4X Discovery Holdings Clive Dix has been appointed a member and Deputy Chair of the Steering Board of the UK Vaccine Taskforce, the group set up by the Government’s Chief Scientific Adviser, Deputy Chief Medical Officer, Business Secretary and Health Secretary to lead UK efforts to find and manufacture a…
Macarthur Minerals’ partner Fe Limited completes sale of Evanston royalty
LONDON: Macarthur Minerals Joint Venture Partner, Fe Limited (FEL) has announced the completion of the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC, has purchased the…
Normandy Limited to merge into Caribbean Investment Holdings
TORTOLA: Caribbean Investment Holdings (CIHL) announced that agreement has been reached on the terms of the proposed acquisition of the entire issued share capital of Normandy Limited by the Company. The acquisition will be implemented pursuant to the terms of the merger, which is anticipated to become effective on or around 9 June 2020. Following…
ParcelPal announces expansion into the Ontario market
VANCOUVER: ParcelPal Technology Inc. announced its expansion in Ontario, with Toronto being the first city. The Company is going live in Toronto in two weeks with its courier services, and its on demand marketplace to shortly follow. CEO Rich Wheeless stated, “Since the day I started with ParcelPal, it has been my mission to make…
Outlook on GCC insurance markets downgraded to negative
LONDON: Global rating agency AM Best has revised its market segment outlook on the insurance markets of the Gulf Cooperation Council (GCC) to negative from stable. Key factors that led to the change in outlook include the economic downturn across the region stemming from lower oil prices and COVID-19 containment measures; the expectation of lower…
THC BioMed ships Canada’s first ready-to-drink cannabis beverage to British Columbia, Saskatchewan
VANCOUVER: THC BioMed Intl Ltd. announced that it is shipping its ready-to-drink Cannabis Beverage Shot, THC KISS, to British Columbia’s legal adult recreational cannabis market today. THC BioMed has also filled a second order for THC KISS to its Saskatchewan distributor. The Province of Alberta is currently in negotiations with THC Biomed to make THC…
AM Best affirms credit ratings of Union Insurance Company with stable outlook
HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Union Insurance Company Limited of Taiwan. The outlook of these Credit Ratings is stable. The ratings reflect Union’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate…
Princess Cruises extends pause of global ship operations
SANTA CLARITA: Due to extension of the closure of cruise ports in regions around the world and other factors impacting international travel, Princess Cruises is extending its pause in cruise operations with respect to the following voyages: . All cruises sailing in and out of Australia through mid-September on Sea Princess, Majestic Princess, Sun Princess…
Creative launches Super X-Fi headphone holography in China
SINGAPORE: Creative Technology will be launching its groundbreaking Super X-Fi products in China, via an online event at 8pm on 5 June 2020. This signifies the entry of the multiple award-winning technology and its latest product range into the world’s biggest market. The launch features the latest additions to the line-up, all of which sport…
PPHE Hotel Group provides business update
LONDON: PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announced the following update on the current operations across the Group and art’otel london hoxton development. Openings in Croatia have commenced with campsites to be followed by selected hotels in the course of June; Germany and Hungary…