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OKEx to Resume Withdrawals After the Temporary Suspension

OKEx to Resume Withdrawals After the Temporary Suspension

VALLETTA, Malta, Nov. 20 (Korea Bizwire) – OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that withdrawal services of all digital assets will be resumed on or before Nov. 27. As a security measure to safeguard users’ funds, withdrawals from the exchange were temporarily suspended on Oct. 16, with all other functions [...]

Gordon Brothers to Manage Store Closure Program of Singapore Retailer Robinsons

Gordon Brothers to Manage Store Closure Program of Singapore Retailer Robinsons

Sydney, Nov. 16 (Korea Bizwire) — Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged by provisional liquidators KordaMentha to manage the store closure program of heritage department store retailer, Robinsons, in Singapore, with SGD$25 million of retail inventory. KordaMentha were appointed as provisional liquidators of the remaining Robinsons’ department stores located [...]

AIR Worldwide Provides Annual Global View of Risk

AIR Worldwide Provides Annual Global View of Risk

Boston, Nov. 16 (Korea Bizwire) — Catastrophe modeling firm AIR Worldwide (AIR) today released its 2020 Global Modeled Catastrophe Losses report, detailing key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report, AIR estimates that the global modeled insured average annual loss from catastrophes worldwide is nearly USD 100 billion. The 1 [...]

Moody’s Investor Service Affirms African Development Bank’s AAA Credit Rating

Moody’s Investor Service Affirms African Development Bank’s AAA Credit Rating

ABIDJAN, Côte d’Ivoire, Nov. 14 (Korea Bizwire) — Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust capital buffers and superior risk management, which mitigate risks,” Moody’s Investor Service said in an annual credit [...]

Join Hands for a Strong Global Recovery from COVID-19, Urges African Development Bank President

Join Hands for a Strong Global Recovery from COVID-19, Urges African Development Bank President

ABIDJAN, Cote d’Ivoire, Nov. 13 (Korea Bizwire) — The global recovery from the COVID-19 pandemic will depend on the world coming together in a collective endeavour backed by science, finance and political resolve, African Development Bank president Akinwumi Adesina, told the Victoria Forum 2020, a virtual event addressing the long-term socio-economic impacts of COVID-19. “How [...]

Sanofi Selects Jeito Capital as its First Investment into a Private French-based Fund

Sanofi Selects Jeito Capital as its First Investment into a Private French-based Fund

Paris, France, Nov. 13 (Korea Bizwire) – Jeito Capital (“Jeito”), a rapidly emerging independent investor dedicated to biotech and biopharma, today announced that Sanofi has made a €50 million investment in Jeito Capital. The investment will be deployed by Jeito’s highly experienced team of pharmaceutical and biotech experts in line with its investment criteria to provide [...]

Madison Realty Capital Originates $50 Million Loan for Luxury Rental Apartment Building in Pompano Beach, Florida

Madison Realty Capital Originates $50 Million Loan for Luxury Rental Apartment Building in Pompano Beach, Florida

New York, Nov. 12 (Korea Bizwire) – Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $50 million loan for Invesca Development Group (“Invesca”) to refinance the ENVY, a 214-unit, 11-story luxury rental building, in Pompano Beach, Florida.  [...]

HDBank Remains on High Growth Path in Q3, Aids Business Community amid Pandemic

HDBank Remains on High Growth Path in Q3, Aids Business Community amid Pandemic

HO CHI MINH CITY, VIETNAM, Nov. 3 (Korea Bizwire) – The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits (separately) of VND3.615 trillion (US$155.5 million) for the first nine months of the year, a year-on-year increase of 31.9 per cent and equivalent to 107 per cent of the target. The [...]

AIR Worldwide Estimates Insured Losses for Hurricane Zeta Will be Between USD 1.5 Billion to USD 3.5 Billion

AIR Worldwide Estimates Insured Losses for Hurricane Zeta Will be Between USD 1.5 Billion to USD 3.5 Billion

Boston, Nov. 2 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Zeta’s winds and storm surge will range from USD 1.5 billion to USD 3.5 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. Hurricane Zeta made landfall at 4 p.m. CDT on October 28 [...]

CoreCard® Expands into Middle East and APAC Regions – Opening of New Office in Dubai, UAE – Staffed with Former Wirecard Employees

CoreCard® Expands into Middle East and APAC Regions – Opening of New Office in Dubai, UAE – Staffed with Former Wirecard Employees

NORCROSS, Ga., Oct. 29 (Korea Bizwire) — CoreCard Software, Inc. (a subsidiary of Intelligent Systems), the leading provider of innovative credit technology solutions and processing services to the financial technology and services market announces the opening of a new office in Dubai, United Arab Emirates. The new office will operate as a subsidiary of CoreCard [...]