Flagstar Bank, a subsidiary of New York Community Bancorp, has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC), to purchase deposits and loans from New York-based Signature Bank. Flagstar Bank will assume substantially all of Signature Bank’s…
NANTES, FRANCE: Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in a first for the country. The companies have signed a memorandum of understanding (MoU) that could accelerate green hydrogen as part of…
OSLO, NORWAY: HydrogenPro will take its first major step into the US market with the establishment of 500 MW manufacturing capacity in Texas, US, with an estimated total investment cost of USD 30-50 million. The brownfield investment includes a separate…
KARACHI: Pakistan’s textile sector exports declined by 11% in 8MFY23 (July-February 2022-23) to stand at US$11.2bn vs. US$12.6bn in the same period last year. The slowdown is mainly attributable to global recession resulting in lower export orders coupled with challenging…
LONDON, UK: Ofwat has today announced new powers that will enable it to stop the payment of dividends if they would risk the company’s financial resilience, and take enforcement action against water companies that don’t link dividend payments to performance….
ZURICH, SWITZERLAND: UBS (NYSE:UBS) (SWX: UBSN) plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. Under the terms of the all-share transaction,…
LONDON, UK: Shawbrook Group plc has signed an agreement to acquire Bluestone Mortgages Limited (BML), a specialist mortgage lender focused primarily on owner-occupied mortgages. Bluestone Mortgages Limited, part of the Bluestone Group, was established in 2014 and has rapidly secured…
SYDNEY, AUSTRALIA: Fluence Corporation Limited (ASX: FLC) announced the appointment of Douglas Brown as a Director and Chairman of the Board effective immediately. Douglas Brown is one of only a handful of globally recognized senior executives to have led multiple…
SYDNEY, AUSTRALIA: Bioxyne Limited (ASX: BXN) has executed the long form Sale and Purchase Agreement (SPA) with Breathe Life Sciences (BLS) majority shareholders (who hold approximately 83% of the shares in BLS) to acquire health and wellness company, Breathe Life…
SYDNEY, AUSTRALIA: Tambourah Metals Ltd (ASX: TMB) announced that Ralf Kriege has joined the company as CEO commencing in April 2023. Ralf Kriege is a highly credentialed geologist with significant international and Australian experience in both operational and managerial roles….
SYDNEY, AUSTRALIA: Dotz Nano Limited (ASX:DTZ) announced Mr Sharon Malka has been appointed Chief Executive Officer of the Company, effective immediately. Dotz Nano Limited is an Australia-based technology company focused on developing, manufacturing and commercializing advanced materials for tagging, tracing…
AUCKLAND, NZ: New Zealand Oil & Gas Limited (NZO) has executed a binding Farm Out Agreement (FOA) with Triangle Energy (Global) Ltd (Triangle) (ASX: TEG), to acquire a 25% participating interest in the L7 Production License (L7) and the EP…