Financial Services

Geneva Association Ernst Meyer Prize Recognizes Academic Contributions to Key Issues Facing Insurance Industry

2019 prize jointly awarded for two doctoral theses: one on insurability of catastrophic risks and one on insurance and financial stability ZURICH, Aug. 22, 2019 /PRNewswire/ -- The 2019 Geneva Association Ernst Meyer Prize has been granted toChristian Kubitza of Goethe University (Frankfurt) for ...

2019-08-22 18:53

GoComet raises SGD3 million in Series A Round Led by Leo Capital

SINGAPORE, Aug. 22, 2019 /PRNewswire/ -- GoComet today announced that it has raisedSGD3 million in a Series A round led by Leo Capital,  alongside SGInnovate and August One , with participat...

2019-08-22 18:15

NDB obtains AAA rating from Japan Credit Rating Agency

SHANGHAI, Aug. 22, 2019 /PRNewswire/ -- On August 20, 2019, the New Development Bank was assigned 'AAA' foreign currency long-term issuer rating with a stable outlook by Japan Credit Rating Agency, Ltd (JCR). In its press release, JCR stated that NDB's 'AAA' rating is based on its appraisal of t...

2019-08-22 14:25 168

LGT reports strong net asset inflows and further business expansion in first half of 2019

VADUZ, Liechtenstein, Aug. 22, 2019 /PRNewswire/ -- LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, achieved a group profit of CHF 155.6 million and further expanded its client business in the first half of 2019. The results reflect ...

2019-08-22 14:15 181

PE and M&A Are the Key to Strengthening the Indonesian Economy as Companies Seek Out Growth in the Country

JAKARTA, Indonesia, Aug. 22, 2019 /PRNewswire/ -- Indonesia remains a key destination for Private Equity investment inSouth East Asia and an area of potential growth for M&A, according to findings presented by Bain & Company in Jakarta today, with significant interest in Indonesia-focused assets a...

2019-08-22 13:00 250

Innovent Enters a Licensing Agreement with Lilly to Develop & Commercialize a Novel Diabetes Medicine in China

SUZHOU, China, Aug. 22, 2019 /PRNewswire/ -- Innovent Biologics, Inc. (Innovent) (HKEX: 01801), a world-class biopharmaceutical company that develops and commercializes high quality medicines, today announced that it has entered into a licensing agreement with Eli Lilly and Company (Lilly) for th...

2019-08-22 07:30 287

Longevity Acquisition Corporation To Extend Period to Consummate Acquisition

SHANGHAI, Aug. 21, 2019 /PRNewswire/ -- Longevity Acquisition Corporation (the "Company" or "Longevity") (NASDAQ: "LOACU") today announced that the Company's sponsor, Whale Management Corporation (the "Sponsor"), has notified the Company that the Sponsor has deposited into the Company's trust acc...

2019-08-22 04:15 778

Future FinTech Announces Receipt of Letter from Nasdaq For Its Second Quarter 2019 Report

XI'AN, China, Aug. 21, 2019 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT; the "Company"), a financial technology company and integrated producer of fruit-related products, today announced that onAugust 20, 2019, the Company received a notification letter from the NASDAQ Listing Qualifi...

2019-08-22 04:15 783

CMAB and Kintor Announce a New Comprehensive Collaboration to Develop and Manufacture the ALK-1 Monoclonal Antibody

* This agreement represents the first strategic cooperation between two of the key players in biopharmaceutical industries in Suzhou,China * ALK-1 (Activin receptor-like kinase-1) antibody was originally developed by Pfizer who completed two Phase I clinical trials in more than 100 patients wi...

2019-08-21 21:35 895

Global Cord Blood Corporation to Report First Quarter Fiscal 2020 Financial Results

HONG KONG, Aug. 21, 2019 /PRNewswire/ -- Global Cord Blood Corporation (NYSE: CO) (the "Company") today announced that it plans to release financial results for the first quarter fiscal 2020 onTuesday, August 27, 2019, after the market close.  The Company will host a conference call at 8:00 a.m....

2019-08-21 19:00 1097

Kinetic Mines and Energy Announces 2019 Interim Results

HONG KONG, Aug. 21, 2019 /PRNewswire/ -- Kinetic Mines and Energy Limited 2019 Interim Results Financial Highlights: * Revenue increased by 11.0% to RMB1,276.6 million * Gross profit was RMB503.9 million; gross profit margin was 39.5%  * Net profit amounted to RMB379.3 million; net profit m...

2019-08-21 18:46 453

Thailand BOI, University Network to Spur R&D Linkage with Industry

BANGKOK, Aug. 21, 2019 /PRNewswire/ -- The Thailand Board of Investment (BOI) this month entered into an agreement with eight of the country's leading universities aiming to improve linkage between the academic and manufacturing sectors in the fields of research as well as human capital developme...

2019-08-21 18:14 366

TCL Electronics Selected as Constituent of the Hang Seng Corporate Sustainability Benchmark Index

HONG KONG, Aug. 21, 2019 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or "the Company", stock code: 01070.HK) is pleased to announce that it has been selected as a constituent member of the Hang Seng Corporate Sustainability Benchmark Index ("HSSUSB"), which will be effecti...

2019-08-21 18:13 426

Gavin Bambury named OANDA(R) CEO

LONDON, Aug. 21, 2019 /PRNewswire/ -- A global leader in online multi-asset trading services and currency data and analytics,OANDA Global Corporation  is pleased to announce the appointment of industry leader Gavin Bambury

2019-08-21 18:00 386

Experian A/NZ acquires Australian fintech Look Who's Charging to bolster open data offering

SYDNEY, Aug. 21, 2019 /PRNewswire/ -- Experian Australia & New Zealand today announces its acquisition of Look Who's Charging , the Australian fintech startup which has solved the everyday frustrating problem of unrecognised bank tr...

2019-08-21 16:19 468

Singapore-based Axinan: First Southeast Asian Insurtech Company to be Licensed by Labuan Financial Services Authority

SINGAPORE, Aug. 21, 2019 /PRNewswire/ -- Axinan, a Singapore-based insurtech firm, is the first successful Southeast Asian insurtech company to secure a combined General and Reinsurance license, issued by Labuan Financial Services Authority (Labuan FSA). Labuan FSA is the financial regulator for ...

2019-08-21 15:30 392

Dr. Sansern Samalapa is nominated for Vice Minister for Commerce, Thailand

BANGKOK, Aug. 21, 2019 /PRNewswire/ -- The cabinet approved the appointment of Dr. Sansern Samalapa for Vice Minister for Commerce. Dr. Sansern has a Ph.D. in Economics (Monetary Policy and Asian Economic Development) fromClaremont Graduate University, CA USA. He was a World Bank Economist before...

2019-08-21 14:26 366

360 Finance to Announce Second Quarter 2019 Unaudited Financial Results on August 23, 2019

BEIJING, Aug. 21, 2019 /PRNewswire/ -- 360 Finance, Inc. (QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2019, before the open of U.S. markets on Friday, ...

2019-08-21 12:36 1282

Vulcan Capital Expands into Asia; Opens Singapore Office

Investment returns generated by Vulcan Capital go towards Vulcan's philanthropic efforts in the region and around the world SINGAPORE, Aug. 21, 2019 /PRNewswire/ -- Today, Vulcan Capital, the multi-billion-dollar investment arm of the late Microsoft co-founder and philanthropistPaul G. Allen, op...

2019-08-21 07:00 517

Amcor reports fiscal 2019 full year results and provides outlook for fiscal 2020

CHICAGO and MELBOURNE, Australia, Aug. 20, 2019 /PRNewswire/ -- Amcor plc (NYSE: AMCR, ASX: AMC) today reported results for the fiscal year ended 30 June 2019.      Highlights*  * GAAP net income of $430.2 million; Cash flow from operating activities of $776.1 million; * Adjusted E...

2019-08-21 04:30 1735
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