KARACHI: Agricultural Counselor of United States Department of Agriculture (USDA) Rey Santella has said although they were inviting the US business community but many of them were still reluctant to visit Pakistan mainly due to negative perception and also because of legal and Information Technology related hurdles that need to be addressed. “Pakistan had many…
Euromoney acquires Wealth-X for $20.4 million
LONDON, UK: Euromoney Institutional Investor PLC, the global information business providing essential B2B information to global and specialist markets, announced the acquisition of 100% of Wealth-X Pte. Ltd. Wealth-X is the market-leading provider of data-driven intelligence on the world’s wealthiest individuals. The platform’s proprietary database is embedded in the workflow of banks, wealth managers, luxury…
Catalyst forms joint venture with St Barbara
PERTH: Catalyst Metals Limited’s wholly owned subsidiary, Kite Operations Pty Ltd have entered into an earn-in and joint venture agreement with gold producer St Barbara Limited. Under the agreement, St Barbara may acquire a 50% participating interest in EL006507 (the Drummartin Project) by funding not less than $3.5 million of Project Expenditure within 48 months…
Penelope Winn appointed to Coca-Cola Amatil Board
PETH: Coca-Cola Amatil notified that Ms Penelope Winn will join the Amatil Board as an Independent Non-Executive Director, effective 2 December 2019. Ms Winn is currently a Non-Executive Director of Caltex Australia Limited, CSR Limited, Goodman Limited and Goodman Funds Management Limited. Ms Winn will step down as Chair and Non-Executive Director of Port Waratah…
James Latham acquires of Dresser Mouldings for £1 million
LONDON, UK: James Latham Plc has acquired the entire issued share capital of Dresser Mouldings (Rochdale) Limited, a specialised processor of timber and cladding products. The Company has acquired Dresser for £1 million. The consideration will be satisfied in cash from the Company’s existing resources. For the year ended 31 December 2018, the turnover of…
Salmat to sell marketing solutions business for $25 million
SYDNEY, AUSTRALIA: Salmat Limited has entered into an agreement to sell its Marketing Solutions business to a wholly-owned subsidiary of IVE Group Limited for $25 million cash. Under the terms of the agreement, completion is scheduled to occur on 1 January 2020, subject to the satisfaction of conditions precedent. As part of the transaction, IVE…
LNG Limited extends $4.623bn EPC contract with KSJV
SYDNEY: Liquefied Natural Gas Limited has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR – SKE&C joint venture led by KBR) for its 100% owned subsidiary, Magnolia LNG LLC. The binding lump sum turnkey (LSTK) EPC US$4.623 billion contract providing an installed EPC cost/tonne of…
Savannah becomes sponsor to FST Lisboa
LONDON: Savannah Resources plc has become a sponsor to FST Lisboa, a team of engineering students from the University of Lisbon focused on the design and build of innovative, lithium-ion battery powered formula race cars. This season, FST Lisboa (www.fstlisboa.com) includes a team of 43 engineering students, working towards developing their next generation electric vehicle…
Austral enters agreement to acquire remaining 30% of Casposo Mine
SYDNEY: Austral Gold Limited has entered into a share purchase agreement with Troy Resources Limited to acquire the remaining 30% interest in the Casposo silver-gold mine located in San Juan, Argentina. Austral has agreed to pay US$0.2 million for the outstanding common shares of Casposo Argentina Ltd, a wholly-owned subsidiary of Troy that owns the…
Construction of USA’s largest privately funded Open Access Fiber Networks commences
LOS ANGELES/ACCESSWIRE: Construction of Fullerton’s city wide fiber optic network is in full swing. The network will be one of the USA’s largest privately funded Open Access Networks passing each and every home and business in Fullerton. SiFi Networks is revolutionizing the American market in its creation of an open access network which is privately…
Simavita receives CE Mark Approval for Smartz
SYDNEY: Simavita Limited, a leading developer of smart, wearable and disposable platform technologies for the USD64 billion global diaper industry has received CE Mark approval for Smartz. Smartz now meets those standards which enable the technology to be sold throughout the European Economic Area. “Achieving CE Mark enables Simavita to commercialise our disruptive technology for…
Nine months 2019 results show 13% underwriting income increase for U.S. P/C industry
OLDWICK: The U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period to $4.5 billion, as growth in net earned premiums offset year-over-year increases in incurred losses and loss adjustment expenses, underwriting expenses and policyholder dividends. This financial review is detailed in…