VANCOUVER: BIGG Digital Assets Inc., owner of Blockchain Intelligence Group, announced that Bitcoin Cash (BCH) has been launched as part of QLUE Release v1.16 (https://qlue.io/). QLUE also supports BTC, ETH, ERC20 and LTC. Bitcoin went through a hard fork in July 2017 which in turn created Bitcoin Cash. There was suddenly a mirror image of…
Frasers Centrepoint to acquire additional 12% interest in AsiaRetail Fund for S$197.2 million
SINGAPORE: Frasers Centrepoint Asset Management Ltd. as the manager of Frasers Centrepoint Trust (FCT), announced that FCT Holdings (Sigma) Pte. Ltd., a wholly owned subsidiary of FCT, has exercised its rights of pre-emption under the Bye-laws of PGIM Real Estate AsiaRetail Fund Limited (ARF) to acquire an aggregate of 12.07% of the capital in ARF…
Scanship awarded a 7.8 million-euro contract with major European shipbuilder
OSLO: Vow ASA has through its subsidiary Scanship AS been awarded a 7.8-million-euro cruise newbuild contract for the delivery of its advanced technologies for wastewater purification, garbage handling and food waste processing. The Scanship systems will be installed on two mega sized cruise ships entering service in 2026 and 2027, being part of an ongoing…
Subsea 7 awarded contract offshore Norway
LUXEMBOURG: Subsea 7 S.A. announced the award of a sizeable contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. The re-development concept includes…
Kitron wins new business
OSLO: Kitron ASA has been awarded new business for measurement technology. The award covers a period of five years, and the expected annual value is between EUR 3.5-5 million. Serial production is expected to start in the first quarter of 2021 and will take place at Kitron’s plant in Poland. “I am very pleased to…
Diana Shipping signs supplemental agreement with BNP Paribas for a 2.5 year extension
ATHENS: Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement with BNP Paribas, to extend by 2.5…
Europe’s air security agency suspends PIA’s TCO authorization for six months
KARACHI: European Union Air Safety Agency (EASA) has suspended PIA’s authorization to operate in Europe for six months starting July 01, 2020, following revelations that 40 percent pilots have fake licenses. “EASA has received information according to which on Wednesday 24 June 2020, the Aviation Minister, Ghulam Sarwar Khan, informed the Pakistani Parliament of the…
U.S. insurers’ private equity holdings continue to climb
NEW YORK: U.S. insurance companies for a fourth-straight year increased their private equity holdings by nearly 10% in 2019 to $81.3 billion as this asset class remains attractive to insurers looking to diversify their investment portfolios or increase returns in the low interest rate environment, according to a new AM Best special report. The Best’s…
Stock market volatility puts focus on equity price risking Japan’s non-life insurance market
HONG KONG: High common stock leverage among each of Japan’s major non-life insurers brings systematic equity price risk into greater consideration, given the current COVID-19-driven stock market volatility, according to an AM Best special report. The Best’s Special Report, “Japan Non-Life: Robust Capitalisation to Weather Stock Market Volatility,” states that stock market volatility continues to…
Raley’s makes bold move with opening of first Raley’s O-N-E Market
WEST SACRAMENTO: Raley’s has made the next bold move in their continued evolution with the opening of the company’s first-ever Raley’s O-N-E Market in the Northern California town of Truckee. The 35,000 square foot location blends the grocer’s 85-year commitment to exceptional service with a focus on transparency and education to create a unique shopping…
Entertainment AI releases CreatorSuite, changes corporate name to SEEEN Plc
LONDON: Entertainment AI plc, a global social media and technology platform, announced both the release of its CreatorSuite product and its name change from Entertainment AI to SEEEN plc with ticker symbol SEEN to better reflect its technology brand and initiation of commercial product releases. “We have chosen the name SEEEN because our technology and…
Renalytix AI enters partnership with University of Michigan; data sharing agreement with global pharmaceutical company
LONDON: Renalytix AI plc, an artificial intelligence-enabled in vitro diagnostics company, announced a partnership with the University of Michigan to extend the application of the KidneyIntelX platform to an expanded population of patients with established Chronic Kidney Disease (CKD) or at risk of developing CKD. RenalytixAI also announces a data sharing agreement with a top…