HO CHI MINH CITY, VIETNAM, Nov. 30 (Korea Bizwire) – For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB)has received the MT202 and MT103 STP awards for international payment servicesfrom J.P. Morgan Chase Bank. This is the third year in [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]