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Archive by category Financial

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 [...]

Laura Ashley Begins NEXT Chapter

London, Oct. 29 (Korea Bizwire) — Gordon Brothers, the global advisory, restructuring and investment firm, announced Laura Ashley® has chosen to partner with NEXT plc to reintroduce their home products online and in stores nationwide. NEXT has over 500 stores in the U.K. and Eire and an online presence in over 70 countries making them [...]

MAG Partners Announces Construction Financing for 480-Unit Affordable New York Development in Chelsea

New York, NY, Oct. 23 (Korea Bizwire) — MAG Partners today announced that it has secured a $173 million construction loan from Madison Realty Capital that will allow work to commence next month on a 479-unit rental residential building at 241 W. 28th Street in Chelsea. The project will be developed under the Affordable NY program [...]

Jeito Capital Becomes Major Investor in SparingVision as Part of €44.5 Million Financing

Paris, France, Oct. 21 (Korea Bizwire) – Jeito Capital (“Jeito”), a rapidly emerging independent investor dedicated to biotech and biopharma, today announces that it has become a major investor in SparingVision, a French preclinical stage biotech company focused on gene therapy in ophthalmology. The €44.5 million financing round brought together new investors alongside Jeito including [...]

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

HO CHI MINH CITY, VIETNAM, Sept. 29 (Korea Bizwire) – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG – DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (“DEG”). DEG will invest in convertible [...]

Libyan Investment Authority Concludes First Phase of Transformation Programme

LONDON and TRIPOLI, Libya, Sept. 28 (Korea Bizwire) — The Libyan Investment Authority (LIA), Africa’s largest sovereign wealth fund, has announced the conclusion of the first phase of its comprehensive Transformation Programme, a major strategic mechanism for institutional development. The key milestone was marked in the presence of the International Forum of Sovereign Wealth Funds [...]

AGF Management Limited Reports Third Quarter 2020 Financial Results

TORONTO, Sept. 23 (Korea Bizwire) — AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the third quarter ended August 31, 2020. AGF reported total assets under management (AUM) of $37.0 billion compared to $37.4 billion in the same period in 2019. Average daily mutual fund AUM remained flat at [...]

AIR Worldwide Releases Updated Multiple Peril Crop Insurance Model for China

Boston, Sept. 22 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide (AIR) today announced that it released an updated Multiple Peril Crop Insurance (MPCI) Model for China to support probabilistic assessments for five newly modeled crop lines of business and a newly modeled sub-peril. This update also includes a new livestock module that adds [...]

AIR Worldwide Estimates Insured Losses for Hurricane Sally Will be Between USD 1 Billion and USD 3 Billion

Boston, Sept. 21 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Sally’s winds, storm surge, and inland flood will range from USD 1 billion to USD 3 billion, with wind representing the majority of the losses. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. After meandering across the Gulf, Sally made a [...]

Imperial Capital Expands Emerging Markets Sales with the Hiring of Erik Hammes

LOS ANGELES, Sept. 18 (Korea Bizwire) – Imperial Capital, LLC (“Imperial Capital”), announced today the continued growth of its dedicated Emerging Markets Sales and Trading Group with the hiring of senior sales professional, Erik Hammes. Erik joins Imperial Capital in Stamford, CT where the Company has been adding key credit sales and trading talent over the past [...]