SINGAPORE: Singapore Exchange (SGX) released its market statistics for May 2020. The reopening of economies around the world lifted sentiment in equity markets, even as the COVID-19 pandemic continue to cloud the outlook for global growth. The exchange’s derivatives franchise…
OLDWICK: Global rating agency AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay…
HONG KONG: Rating agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings (ratings) is stable. The…
LABRADOR: Rambler Metals and Mining plc has entered into a short-term financing agreement with Aether Real Assets Co-Investment. The Aether Bridge Loan is an unsecured loan for a total of US$1,000,000, will bear interest at a rate of 10% per…
SINGAPORE: Singapore Exchange (SGX) reaffirmed its commitment to providing market participants with a single platform to trade and risk-manage Asia across asset classes, as it reduces its licence agreement with MSCI Inc. This comes on the back of a decision…
LONDON: Diversified Gas & Oil PLC (DGO) has completed the purchase of certain upstream and midstream assets from Carbon Energy Corporation. Concurrent with the acquisition, DGO also closed on a 10-year amortising $160 million gross senior secured term loan underwritten…
OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and will acquire and manage properties in Sweden and Finland on…
PARIS: Total confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of…
MEXICO CITY: U.S. based insurance sector rating agency AM Best has revised its market segment outlook on Panama’s insurance industry to negative from stable, citing the significant challenges the country and industry are facing amid the COVID-19 pandemic. In a…
TORONTO: Trichome Financial Corp. has announced the launch of Trichome Special Opportunities (TSO), a private equity unit focused on providing strategic capital to companies operating across the cannabis value chain that are experiencing financial and/or operational difficulties. Howard Steinberg, a…
BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and…
SINGAPORE: Origin Energy Limited has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up…