Turkey

LMRKTS Completes Second Turkish Lira Settlement Risk Compression

Monday, July 13, 2020 - 7:00am

NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.

Key Points: 
  • NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.
  • Turkish lira forwards are not currently cleared and subject to both foreign exchange and interest rate volatility.They impact an institution's settlement risk and can also add to credit and capital costs.
  • "Unforeseeable geopolitical developments can quickly change the risks faced by large currency players," said Andrea Ianniello, President and Chief Commercial Officer of LMRKTS.
  • "Recent heightened concern around settling Turkish lira obligations is a good example.

Camper Accelerates Product Development With Centric PLM™

Thursday, July 9, 2020 - 7:00am

Juan Enrique Jimnez Esquitino, Head of Supply Planning at Camper, explains that thebrand previously struggled using out-dated software not designed for the footwear industry, anddesperately needed a platform to track product development and gain full visibility from ideation to product launch.

Key Points: 
  • Juan Enrique Jimnez Esquitino, Head of Supply Planning at Camper, explains that thebrand previously struggled using out-dated software not designed for the footwear industry, anddesperately needed a platform to track product development and gain full visibility from ideation to product launch.
  • Today, thanks to Centric PLM's fast, 4-month implementation, easy maintenance and incredible flexibility, Camper has reduced product development time, centralized all product data, boosted quality control and streamlined all stages of product development into a single source of truth, with more accurate costing and margin foresight, and reliable, real-time data for strategic planning.
  • "Centric PLM has enabled Camper to power its growth while safeguarding the quality of its products it is known for."
  • How did Camper increase visibility and power its growth with Centric PLM?

Camper Accelerates Product Development With Centric PLM™

Thursday, July 9, 2020 - 7:00am

Juan Enrique Jimnez Esquitino, Head of Supply Planning at Camper, explains that thebrand previously struggled using out-dated software not designed for the footwear industry, anddesperately needed a platform to track product development and gain full visibility from ideation to product launch.

Key Points: 
  • Juan Enrique Jimnez Esquitino, Head of Supply Planning at Camper, explains that thebrand previously struggled using out-dated software not designed for the footwear industry, anddesperately needed a platform to track product development and gain full visibility from ideation to product launch.
  • Today, thanks to Centric PLM's fast, 4-month implementation, easy maintenance and incredible flexibility, Camper has reduced product development time, centralized all product data, boosted quality control and streamlined all stages of product development into a single source of truth, with more accurate costing and margin foresight, and reliable, real-time data for strategic planning.
  • "Centric PLM has enabled Camper to power its growth while safeguarding the quality of its products it is known for."
  • How did Camper increase visibility and power its growth with Centric PLM?

Andersen Solidifies Presence in Europe

Wednesday, July 8, 2020 - 5:00am

After operating under the brands Andersen Tax, Andersen Legal and Andersen Tax & Legal, the member firms of Andersen Global in Europe will now operate under a single brand, Andersen, demonstrating the unified and seamless approach of the global tax and legal firm.

Key Points: 
  • After operating under the brands Andersen Tax, Andersen Legal and Andersen Tax & Legal, the member firms of Andersen Global in Europe will now operate under a single brand, Andersen, demonstrating the unified and seamless approach of the global tax and legal firm.
  • This announcement comes on the heels of the U.S. member firms transition of its brand from Andersen Tax to Andersen last year.
  • The organization has grown exponentially in Europe since the establishment of Andersen Global (formerly WTAS Global) by founding U.S. member firm Andersen Tax LLC in 2013.
  • Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 5,000 professionals worldwide and a presence in over 177 locations through its member firms and collaborating firms.

Press release - Investigate alleged pushbacks of asylum-seekers at the Greek-Turkish border, MEPs demand

Tuesday, July 7, 2020 - 8:01am

They also warned that a repetition of the events that took place in March, when President Erdoan announced that he was opening the Turkish borders, cannot be ruled out.

Key Points: 
  • They also warned that a repetition of the events that took place in March, when President Erdoan announced that he was opening the Turkish borders, cannot be ruled out.
  • Commissioner Ylva Johansson agreed that allegations of violence against asylum-seekers must be investigated, not only in Greece, but all across the EU.
  • We cannot protect our borders by violating peoples rights, she said.
  • Some MEPs commended Greece for guarding the EUs borders from Turkey.

Seoul Semiconductor’s SunLike Natural Spectrum LEDs Adopted by Fiberli Grow Light for Horticulture Projects in Turkey

Monday, July 6, 2020 - 10:00am

Seoul Semiconductors SunLike Series natural spectrum LEDs are the worlds first LEDs to produce light that closely matches the spectrum of natural sunlight.

Key Points: 
  • Seoul Semiconductors SunLike Series natural spectrum LEDs are the worlds first LEDs to produce light that closely matches the spectrum of natural sunlight.
  • Its SunLike Series natural spectrum LEDs are the first and only true sunlight LEDs that enable growers to ensure better yields and a consistently high quality of crops.
  • We believe that market demand for horticultural LED lighting with SunLike LEDs will expand, said Hakan Ozturk, director of Fiberli.
  • The horticulture lighting market is growing fast, and our SunLike Series natural spectrum LEDs will offer the considerable benefits for customers to achieve optimal horticulture lighting solutions, said Dr. Kim, CTO and vice president of Seoul Semiconductor.

Zynga Closes Transformational Acquisition of Istanbul-based Peak; Expands Forever Franchise Portfolio with Toon Blast and Toy Blast

Thursday, July 2, 2020 - 2:05pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200702005008/en/
    Zynga Closes Transformational Acquisition of Istanbul-based Peak; Expands Forever Franchise Portfolio with Toon Blast and Toy Blast (Graphic: Business Wire)
    Peak will continue to be led by founder and Chief Executive Officer Sidar Sahin and its current management team.
  • We are delighted to welcome Sidar and Peaks extraordinarily talented team to Zynga, said Frank Gibeau, Chief Executive Officer of Zynga.
  • With the addition of Toon Blast and Toy Blast, we are expanding our live services portfolio to eight forever franchises, meaningfully increasing our global audience base, and adding to our exciting new game pipeline.
  • Founded in 2010 by Sidar Sahin, Peak has developed the beloved game franchises Toon Blast and Toy Blast.

MOGAS Industries, Inc. Acquires Watson Valve Assets

Wednesday, July 1, 2020 - 6:41pm

MOGAS Industries, Inc. recently completed the acquisition of assets of Watson Valve , a Houston-based turn-key manufacturer of severe service valves, to include repairs and coating services.

Key Points: 
  • MOGAS Industries, Inc. recently completed the acquisition of assets of Watson Valve , a Houston-based turn-key manufacturer of severe service valves, to include repairs and coating services.
  • Watson has a global install base of over 3,400 valves, primarily in the mining industry, but also encompassing the oil & gas and chemical industries.
  • This strategic purchase expands MOGAS global mining reach on valve supply and valve repair services , as well as adjacent market opportunities especially pertaining to the autoclave market.
  • Matt Mogas, MOGAS President and CEO, said: This acquisition allows MOGAS to expand its product portfolio and get a step closer to achieve our vision as the dominant severe service technology company.

Wyndham Hotels & Resorts Grows La Quinta by Wyndham Brand Internationally

Wednesday, July 1, 2020 - 2:21pm

PARSIPPANY, N.J., July 1, 2020 /PRNewswire/ -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with 9,300 hotels across approximately 90 countries, today announced plans to further expand its La Quinta by Wyndham brand with the addition of two new hotels in Turkey: the 86-room La Quinta by Wyndham Giresun and the 175-room, La Quinta by Wyndham Bodrum.

Key Points: 
  • PARSIPPANY, N.J., July 1, 2020 /PRNewswire/ -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with 9,300 hotels across approximately 90 countries, today announced plans to further expand its La Quinta by Wyndham brand with the addition of two new hotels in Turkey: the 86-room La Quinta by Wyndham Giresun and the 175-room, La Quinta by Wyndham Bodrum.
  • The new hotels join the previously announced 404-room La Quinta by Wyndham Istanbul Guneslithe first La Quinta hotel to open outside of the Americasand are the latest in a string of international signings and openings since Wyndham acquired the brand in May of 2018.
  • "When La Quinta joined the Wyndham Hotels & Resorts family, we saw strong potential to expand the brand internationally and we are delighted to see its continued growth in Europe and around the world," said Dimitris Manikis, president, EMEA, Wyndham Hotels & Resorts.
  • La Quinta by Wyndham hotels participate in Wyndham Rewards , the world's most generous rewards program with thousands of hotels, vacation club resorts and vacation rentals worldwide.

Narkasa to Let Investors Buy Crypto in Currency of Their Choice

Wednesday, July 1, 2020 - 10:00am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200701005057/en/
    Narkasa to Let Investors Buy Crypto in Currency of Their Choice (Photo: Business Wire)
    But this isnt the case with Narkasa , an Istanbul-based cryptocurrency exchange that allows investors to buy crypto-assets with a number of different currencies.
  • With cutting-edge technology and services available in 12 languages, Narkasa provides investors with a platform for fast and secure cryptocurrency trading in a range of currencies.
  • Along with the dollar and euro, Narkasa supports transactions in Russian rubles, Ukrainian hryvnias, Brazilian reals, Kazakhstani tenges, and Turkish liras, Narkasa CEO Erdal Kaya said.
  • Unlike most other exchanges, Narkasa will allow investors to purchase cryptocurrency from whatever country they happen live.