OLDWICK: Global rating agency, AM Best has revised its market segment outlook on Canada’s life insurance industry to negative, owing to the significant disruption to the financial markets caused by the outbreak of COVID-19. Concurrently, AM Best is maintaining its stable outlook on Canada’s property/casualty industry. In its Best’s Market Segment Report on Canada’s life…
IDEX Biometrics, FEITIAN achieve certification for China UnionPay dual-interface biometric payment card requirements
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced that its dual interface technology is included in FEITIAN Technologies Co., Ltd.’s certified biometric contactless payment card solution. FEITIAN is one of the world’s leading suppliers of smartcard operating system and digital security system solutions serving more than 200 banks…
Fitch affirms Sabra’s credit rating and outlook
IRVINE: Sabra Health Care REIT announced that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at ‘BBB-‘; Fitch’s Rating Outlook of Negative also remains unchanged. The report notes Sabra’s portfolio quality and diversification, strong liquidity and no near-term maturities as key drivers for its ratings decisions. Fitch also views Sabra’s recent decision…
QuestCap has appointed Neil Said as Chief Executive Officer
TORONTO: QuestCap Inc. announced its new investment strategy for the Company and the appointment of a new CEO to drive the strategy forward. The Company has outlined three new strategic directions for its investment strategy: MedQuest, ClimateQuest, and TechQuest. These divisions will focus on investments in public health, mitigating climate change and innovative technologies, respectively….
Active Energy acquires 100% interest in all joint venture lumber activities at Lumberton
LONDON: Active Energy (AEG), the international biomass based renewable energy business, has entered into an agreement with its joint venture partner Renewable Logistics Systems LLC (RLS), whereby AEG will secure 100% control and ownership of the saw mill and saw log export activities based at AEG’s industrial site in Lumberton, North Carolina, which are currently…
Rosneft sells its Venezuelan assets
MOSCOW: Rosneft Oil Company announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and cease participation in its Venezuelan businesses, including joint ventures…
Talisker expands land position at Bralorne Gold Project
TORONTO: Talisker Resources Ltd. has expanded its land position in the Bralorne Gold Camp with the acquisition of the Royalle property increasing the strike length of Talisker’s 100% owned Bralorne Gold Project. Under the terms of the agreement, Talisker has agreed to pay $60,000 cash and to issue 600,000 common shares of Talisker. The Vendor…
Tufton Oceanic Assets acquires Handysize Bulk Carrier for $7.0mn
LONDON, UK: The Board of Tufton Oceanic Assets Limited announced that the Company has acquired a Handysize Bulk Carrier for $7.0 million. The vessel has a fixed rate time charter for six to eight months to a major agricultural commodity trading and logistics company. The yield during the charter is in line with the targets…
GAN confirms internet gambling in the State of Michigan
LONDON: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, provides more information on the previously confirmed closure of certain market access arrangements with the Sault Tribe of Chippewa Indians (Tribe) in the State of Michigan. This follows the December 23, 2019,…
Coronavirus outbreak could lead to rising demand for IT products: Huawei CEO
BEIJING: Most employees at Huawei Technologies Co. are back at work following the coronavirus outbreak, though the pandemic is likely to hit the Chinese telecom giant’s financial results this year, the company’s chief executive said. Ren Zhengfei, who is also Huawei’s founder, also said that the company plans to boost its research and development budget…
Pakistan Stock Exchange launches its first exchange traded fund (ETF)
KARACHI: In a first, Pakistan Stock Exchange (PSX) has launched a new product, the Exchange Traded Fund (ETF). With this product, PSX has joined the list of stock exchanges in the world offering ETFs which are investment products combining the returns offered by the stock market with the diversity offered by a mutual fund. PSX…
NetCents Technology hires Pat Albright as SVP Strategic Development
VANCOUVER: NetCents Technology Inc., a disruptive cryptocurrency payments technology solutions provider, has appointed Pat Albright as Senior Vice President of Strategic Development. Mr. Albright previously served as Marketing and Business Senior Vice President at Moneris Solutions – the largest payment processor in Canada – processing 3 billion transactions annually. Mr. Albright also served as Managing…