AUBURN HILLS, MICHIGAN, USA: TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has announced three executive level appointments as Hans Dieltjens assumes the role of President and Chief Executive Officer on 1 October 2021. Hans will succeed William L. Kozyra, who will retire on 1 October 2021 and step down…
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Henry J. Charrabé appointed CEO of Seven Seas Water Group
TAMPA: Seven Seas Water Group, a multi-national provider of water and wastewater solutions, appointed Henry J. Charrabé as new Chief Executive Officer, effective September 20, 2021. Mr. Charrabé brings two decades of experience in the water and wastewater industry on a global scale. Most recently, he served as the Managing Director and CEO of the…
Cannabistry and M Plant Productions combine businesses
SANTA ROSA: Cannabistry and M Plant Productions have entered into a definitive agreement to combine their businesses, and leverage the proprietary technologies that fuel the production of demonstrably and measurably better products and superior brands. To date, Cannabistry has most significantly unlocked scientific cannabis achievements through their creation of Hi-Phi next-generation C02 extraction technology, B-Line…
PLL will buy 8 spot LNG cargoes for December and January
KARACHI: Pakistan LNG Limited (PLL) will buy eight spot LNG cargoes, and has invited bids for supply of eight LNG shipments to be delivered in December 2021 and January 2022. The bids will be opened on October 11, 2021. According to the tender document, four spot LNG cargoes up to 140,000 cubic meters in capacity…
PayPal Holdings to acquire Paidy Inc. for $2.7 billion
TOKYO, JAPAN: PayPal Holdings Inc. said it will acquire the Japanese upstart Paidy Inc. for 300 billion yen ($2.7 billion), a news release said. The acquisition will be “minimally dilutive” to adjusted earnings per share in 2022, PayPal said Tuesday in a statement. The deal, which is expected to close in the fourth quarter, will…
Fitch predicts higher natural gas price in 2021 & 2022
LONDON: Given the recovering demand and supply challenges as well as strong year-to-date prices, Fitch has revised upwards the natural gas price assumptions for 2021 and 2022. The most significant increases are to European Title Transfer Facility (TTF) gas price assumptions. The current record-high spot prices are driven by extreme weather conditions this year, low…
Fitch Ratings is likely to revise up Mexican GDP growth forecast
NEW YORK: Fitch Ratings is likely to revise up Mexican GDP growth forecasts (currently 5.3% for 2021 and 2.7% for 2022) after stronger-than-expected performance in 2Q21. “The banking system’s improving profitability in 1H21 outpaced expectations as credit quality deterioration was less than expected, particularly at large banks that frontloaded provisions in 2020,” the rating agency…
Arqit Quantum announce business combination with Centricus Acquisition
NEW YORK: Arqit Quantum Inc. announced the completion of its business combination with Centricus Acquisition Corp., a special purpose acquisition company. The business combination was approved at the extraordinary general meeting of Centricus’ shareholders on August 31, 2021 and closed today, September 3, 2021. The combined company will retain the name Arqit Quantum Inc. Beginning…
Stuart Bodden appointed CEO of Ranger Energy Services
HOUSTON: Ranger Energy Services announced that Stuart Bodden has been named as President and Chief Executive Officer (CEO), effective September 1, 2021. Stuart has also been appointed to the board of directors. Bill Austin, stated, “I am pleased that Stuart will be joining Ranger. He brings a deep knowledge of the oil service business and…
CEO of Silvaco Babak Taheri resigns
SANTA CLARA: Silvaco Group announced the resignation of Babak Taheri as chief executive officer and member of the board after two years in the role. We are grateful for all of Babak’s contributions in the last two years to grow the company and wish him all the best in his next endeavor,” said Pierre-Yves Lesaicherre,…
HDFC Life Insurance will buy Exide Life
BENGALURU, INDIA : HDFC Life Insurance Co Ltd will buy the life insurance unit of Exide Industries Ltd for 66.87 billion rupees ($915 million), a news release said. As part of the deal, HDFC Life will issue 87 million shares to Exide Industries at 685 rupees per share and a cash payout of 7.26 billion…
Fantom joins hands with StrongBlock to offer nodes-as-a-service
NEW YORK: StrongBlock envisions an ecosystem where users without technical abilities can launch full blockchain nodes on their own and, in turn, be rewarded with the protocol’s native tokens such as STRONG. StrongBlock is known to have good community backing. This collaboration with Fantom will open up a door of opportunities for its users exposed…