Standard Chartered

Fosun successfully completed the refinancing of approximately USD800 million loan

Retrieved on:

金曜日, 5月 10, 2024

Fosun International, Bank of China, Commerzbank, BNP Paribas, Standard Chartered, HSBC, QNB Group, HKEX, Hang Seng Bank, Bank, Bank of East Asia

HONG KONG, May 9, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International", "Fosun" or "the Company") has successfully completed the refinancing of its USD804 million loan due on 7 May 2024.

Key Points:

HONG KONG, May 9, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International", "Fosun" or "the Company") has successfully completed the refinancing of its USD804 million loan due on 7 May 2024.
As part of the refinancing process, the Company has successfully obtained a new syndicate loan of USD597 million, while the remaining was repaid through its own funds.
Fosun has established diversified financing channels, well-recognized financing capabilities and prudent financial policies, and has been proactively managing its debt duration and yield curve.
Looking ahead, Fosun will continue to implement its core business-focused strategy and improve its operating capabilities in advantageous industries.

Power Solutions International Announces First Quarter 2024 Financial Results

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火曜日, 5月 7, 2024

Standard Chartered, Uncommitted, Depreciation, Transport, Engineering, Tax, Equity (finance), WOOD, UFLPA, EPS, OTC Markets Group, Credit, GAAP, Growth

WOOD DALE, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces first quarter 2024 financial results.

Key Points:

WOOD DALE, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces first quarter 2024 financial results.
Today, Power Solutions International, Inc., reported results for the three months ended March 31, 2024, with first quarter of 2024 net income of $7.1 million and diluted earnings per share of $0.31, compared to net income of $3.7 million and diluted earnings per share of $0.16 for the first quarter of 2023.
Gross profit increased by $2.3 million, or 10%, during the first quarter of 2024 as compared to the same period in the prior year.
The Company made payments totaling $5.0 million related to the Credit Agreement, during the first quarter of 2024 and an additional $5.0 million in April 2024.

Dyna.Ai conducts global launch and unveils Dyna Athena and Dyna Avatar Solutions for the banking and financial services sector

Retrieved on:

月曜日, 5月 6, 2024

Dyna.Ai leverages the forefront of AI technology to enhance key business functions within financial and other industries.

Key Points:

Dyna.Ai leverages the forefront of AI technology to enhance key business functions within financial and other industries.
The global financial services sector is at a critical juncture, requiring enterprises to adapt rapidly to the AI disruption that's happening right in front of them.
The AI platform includes two solutions, one is Dyna Athena for text-to-speech, language and speech processing, and another one is Dyna Avatar for digital human interactions.
Dyna Avatar provides real-time digital human interactions, featuring automatic speech recognition and dynamic experiences powered by conversational AI.

BitGo Marking its Commitment to Europe Expansion, Hires Brett Reeves for EMEA Sales

Retrieved on:

金曜日, 5月 3, 2024

Standard Chartered, BitGo, Federal Financial Supervisory Authority, ARB, OTC, Business, European, Interest, Citibank, PALO, BlackRock, FX, Growth, Head, Bank

PALO ALTO, Calif., May 3, 2024 /PRNewswire-PRWeb/ -- BitGo, the leading custody and wallet solutions provider for digital assets, hires Brett Reeves for BitGo's expansion in Europe. Brett brings 20+ years of experience in traditional finance to BitGo, including work for various global investment banks within their Prime Brokerage and OTC Clearing sales teams. These included roles in London for Citibank and Nomura and more recently Standard Chartered Bank in Singapore where he spent eight years building their nascent FX and Interest Rates Prime Brokerage platform throughout the Middle East and Asia.

Key Points:

BitGo Europe is one of the few digital asset companies with a BaFin license in Germany to offer regulated custody services.
With MiCA European regulations due to take effect this year, BitGo is looking to extend our best-in-class custody solutions across Europe.
PALO ALTO, Calif., May 3, 2024 /PRNewswire-PRWeb/ -- BitGo , the leading custody and wallet solutions provider for digital assets, hires Brett Reeves for BitGo's expansion in Europe.
BitGo Chief Revenue Officer, Mark Azad shared, "We're pleased to welcome Brett Reeves to our team to lead expansion throughout Europe.

ColCap UK and Molo complete £300 million securitisation

Retrieved on:

木曜日, 5月 2, 2024

Standard Chartered, Fitch, AAA, RMBS, AUS, COLCAP, S&P Global Ratings, Citigroup, Macquarie Group, Growth, Joint, Real estate

LONDON, May 2, 2024 /PRNewswire/ -- ColCap Financial UK Limited (ColCap UK) and Molo Tech Limited (Molo) have successfully completed their first securitisation, 'Molossus BTL 2024-1'.

Key Points:

LONDON, May 2, 2024 /PRNewswire/ -- ColCap Financial UK Limited (ColCap UK) and Molo Tech Limited (Molo) have successfully completed their first securitisation, 'Molossus BTL 2024-1'.
The securitisation totals £300 million of prime UK buy-to-let mortgage loans in England and Wales.
ColCap invested in Molo, an award-winning digital buy-to-let lender, in February 2023 via its UK subsidiary, ColCap UK.
It sets the stage for further collaborations and growth opportunities, benefiting both our UK operations and our broader global presence, including ColCap Australia."

Xceptor advances APAC growth plans with appointment of Keith Man as General Manager for the region

Retrieved on:

火曜日, 4月 30, 2024

Standard Chartered, Fintech, Automation, GM, Growth, Airline

The appointment underscores Xceptor's continued investment and further penetration into the APAC region.

Key Points:

The appointment underscores Xceptor's continued investment and further penetration into the APAC region.
As APAC GM, Keith will play a critical role in driving client success, as well as strategic partnerships and alliances in the region.
Keith brings a wealth of expertise in the capital markets space, coupled with extensive experience in the APAC region.
On his appointment, Keith Man, APAC GM, Xceptor, said, "Xceptor is the industry leader that is trusted by leading financial institutions.

AI Supercomputing Market Growing at +21% CAGR as Industries Evolve Data Analysis

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月曜日, 4月 29, 2024

VANCOUVER, BC, April 29, 2024 /PRNewswire/ -- USA News Group News Commentary – Numerous industries are making the shift towards using Artificial Intelligence (AI) supercomputers in leveraging powerful computing systems to address complex challenges, and analyze massive datasets. According to analysts at Markets and Markets the AI supercomputer market is projected to grow at a CAGR of 22% through 2028 to a value of US$3.3 billion. This high level of growth is echoed by analysts at Technavio, who are projecting nearly 21% growth through 2027, however, they are seeing the overall supercomputer market much higher, growing by US$17.6 billion along the way. Several international groups are with massive investments in the billions to evolve their operations to include AI supercomputing, including in Denmark, the UK, Japan, the UAE and the USA. Powering this shift behind the scenes are several tech developers, who this week have been updating the market with their current developments, including: Avant Technologies Inc. (OTC: AVAI), NVIDIA Corporation (NASDAQ: NVDA), Microsoft Corporation (NASDAQ: MSFT), D-Wave Quantum Inc. (NYSE: QBTS), and Rigetti Computing, Inc. (NASDAQ: RGTI, RGITW).

Key Points:

According to analysts at Markets and Markets the AI supercomputer market is projected to grow at a CAGR of 22% through 2028 to a value of US$3.3 billion.
Several international groups are with massive investments in the billions to evolve their operations to include AI supercomputing, including in Denmark , the UK , Japan , the UAE and the USA .
As well, the Council of the European Union filed a proposal for the regulation of harmonized rules on AI in the EU.
Accelerated AI Processing: Utilizes cutting-edge distributed computing to dramatically reduce data processing times, enabling rapid iteration and deployment of AI models.

AI Supercomputing Market Growing at +21% CAGR as Industries Evolve Data Analysis

Retrieved on:

月曜日, 4月 29, 2024

VANCOUVER, BC, April 29, 2024 /PRNewswire/ -- USA News Group News Commentary – Numerous industries are making the shift towards using Artificial Intelligence (AI) supercomputers in leveraging powerful computing systems to address complex challenges, and analyze massive datasets. According to analysts at Markets and Markets the AI supercomputer market is projected to grow at a CAGR of 22% through 2028 to a value of US$3.3 billion. This high level of growth is echoed by analysts at Technavio, who are projecting nearly 21% growth through 2027, however, they are seeing the overall supercomputer market much higher, growing by US$17.6 billion along the way. Several international groups are with massive investments in the billions to evolve their operations to include AI supercomputing, including in Denmark, the UK, Japan, the UAE and the USA. Powering this shift behind the scenes are several tech developers, who this week have been updating the market with their current developments, including: Avant Technologies Inc. (OTC: AVAI), NVIDIA Corporation (NASDAQ: NVDA), Microsoft Corporation (NASDAQ: MSFT), D-Wave Quantum Inc. (NYSE: QBTS), and Rigetti Computing, Inc. (NASDAQ: RGTI, RGITW).

Key Points:

According to analysts at Markets and Markets the AI supercomputer market is projected to grow at a CAGR of 22% through 2028 to a value of US$3.3 billion.
Several international groups are with massive investments in the billions to evolve their operations to include AI supercomputing, including in Denmark , the UK , Japan , the UAE and the USA .
As well, the Council of the European Union filed a proposal for the regulation of harmonized rules on AI in the EU.
Accelerated AI Processing: Utilizes cutting-edge distributed computing to dramatically reduce data processing times, enabling rapid iteration and deployment of AI models.

Linklogis Releases 2023 ESG Report: Serving RMB19.2 Billion of Transactions Related to Sustainable Supply Chains

Retrieved on:

木曜日, 4月 25, 2024

Shenzhen, China, April 25, 2024 (GLOBE NEWSWIRE) -- On April 25, 2024, Linklogis Inc. (09959.HK, “Linklogis”) released its 2023 Environmental, Social, and Governance (ESG) Report.

Key Points:

Shenzhen, China, April 25, 2024 (GLOBE NEWSWIRE) -- On April 25, 2024, Linklogis Inc. (09959.HK, “Linklogis”) released its 2023 Environmental, Social, and Governance (ESG) Report.
Linklogis is committed to fulfilling corporate social responsibility through technological innovation, promoting inclusive finance, and driving society towards sustainable development.
Throughout the year, the assets of transactions that Linklogis served related to sustainable supply chains (including renewable energy, rural revitalization, environmental protection, intellectual property, etc.)
Linklogis has always placed ESG and sustainable development in an important position, continuously exploring more efficient and effective sustainable supply chain finance technology models, and integrating them into specific business strategies.

Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers

Retrieved on:

火曜日, 4月 16, 2024

The consortium was backed by funding from the UK government’s Quantum Technologies Challenge, led by UK Research & Innovation (UKRI).

Key Points:

The consortium was backed by funding from the UK government’s Quantum Technologies Challenge, led by UK Research & Innovation (UKRI).
The system was hosted at Oxford Instruments’ Tubney Woods facility using Oxford Instruments’ ProteoxLX dilution refrigerator, and was supported by Oxford Instruments’ state-of-the-art infrastructure and expert cryogenics support.
The UK has become a world leader in quantum computing technologies, and we are excited to continue to contribute to its quantum computing capabilities.
My thanks to this outstanding team of ‘quantrepreneurs’ – led by Rigetti UK Limited – who have made the vision a reality.”