SAN FRANCISCO: Figure Technologies has launched the world’s first end to end digital funds services offering on blockchain and welcomed its first investment firm partner, a news release said. Figure’s Digital Fund Services offering leverages the Provenance blockchain to automate…
MONTREAL: Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (la Caisse) for the sale of its transportation business to Alstom. Under the SPA,…
LAS VEGAS: Black Knight Inc. has completed its acquisition of Optimal Blue, a leading provider of secondary market solutions and actionable data services. “Bringing Optimal Blue into the Black Knight family enhances our robust set of solutions with the addition…
OSLO: Equinor ASA has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion, a news…
OLDWICK: Canada’s property/casualty insurance industry thus far has fared better than their life counterparts amid the volatile economic and market dynamics created by the COVID-19 pandemic, according to a AM Best report. In its Best’s Market Segment Report, titled, “COVID-19…
Jupiter Fund Management (LSE: JUP) is a UK fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, investment companies and institutional…
SINGAPORE: Singapore Exchange (SGX) reported its July 2020 market statistics. Markets continued to be focused on the ongoing reopening of global economies and news of fresh waves of COVID-19 infections in some countries. Equity market activity remained higher than a…
TORONTO: Halo Labs Inc. has entered into a definitive agreement dated effective August 5, 2020 with Ukiah Ventures Inc., pursuant to which Halo will acquire all the issued and outstanding shares of Ukiah in exchange for securities of the Halo….
SINGAPORE: Singapore Exchange (SGX) is pioneering Asia’s first international real estate investment trust (REIT) futures based on indices tracking diverse REITs listed in Singapore, Hong Kong, Malaysia and Thailand, on the back of rising global investor demand for real estate…
NEW YORK: Altice USA has agreed to sell 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will receive total gross cash proceeds of approximately $2.3…
SINGAPORE: The global insurance sector rating agency has revised the outlook for New India Assurance Company Limited to Negative from stable earlier, as the company’s deficiencies in financial reporting continue to result in audit qualifications. Whilst the company’s audited accounts…
SAN FRANCISCO: Francisco Partners, a leading technology-focused global private equity firm, has completed the sale of Metaswitch Networks Limited to Microsoft, a news release said. Francisco Partners acquired a controlling interest in Metaswitch in 2008 in partnership with Sequoia Capital…