Monday, 31 July 2017

GCH RETAIL LAUNCHES 'CLEAN FOOD AUSTRALIA' CAMPAIGN

GEORGE TOWN, July 28 (Bernama) -- GCH Retail (M) Sdn Bhd (GCH Retail), the owner Cold Storage, has launched the ‘Clean Food Australia’ campaign in conjunction with the visit by the South Australia Trade Mission here today.

Its Upscale Supermarket Director, Alice Lau, said the campaign was the first of its kind in Malaysia, featuring a wide range of premium quality natural food options from various producers across Australia to promote clean eating among Malaysians.
She said the campaign included a series of promotional and sampling activities of Australian products, adding that clean eating referred to a healthy lifestyle approach to food and its preparation.
“In line with our aim of providing customers with fresh and superior range of quality products, Cold Storage is happy to be partnering with The Model Cook and our Australian trade partners to encourage Malaysians to be more mindful of what they eat through clean eating," she told reporters after the launch of the campaign by South Australia Health Minister, Jack Snelling.
GCH Retail, the manager of Giant hypermarket and supermarkets, Cold Storage, Mercato and Jasons Food Hall premium grocery outlets, is a subsidiary of Dairy Farm International Holdings Ltd.
Lau said there Cold Storage has eleven branches in the Klang Valley, two in Penang, one in Johor Bahru and one in Kuching, Sarawak.
"Through this campaign, we will be able to reach out to the wider public on the benefits of clean foods --real natural and wholesome foods that have been minimally processed -- in helping them to live a healthier and fuller lifestyle.
"We look forward to making this event an annual one to encourage more Malaysians to adopt healthy and clean eating habits, and to also continuously expand our range of premium gourmet products for a more pleasurable shopping experience for our customers," she said.
GCH currently operates 141 stores in Peninsular Malaysia and in Sabah and Sarawak.

-- BERNAMA  

​SDC LAUNCHES CLEARCHOICE™ INTERACTIVE PRODUCT SELECTOR GUIDE

​SDC LAUNCHES CLEARCHOICE™ INTERACTIVE PRODUCT SELECTOR GUIDE

IIOT WORLD TOUR TO STOP IN SINGAPORE ON SEPTEMBER 15, 2017, HOSTED BY THE INDUSTRIAL INTERNET CONSORTIUM AND PLATTFORM INDUSTRIE 4.0

SINGAPORE, July 31 (Bernama-BUSINESS WIRE) -- Industrial Internet Consortium (IIC) and Plattform Industrie 4.0 have announced a stop in Singapore on their IIoT World Tour, which brings together industry leaders from both organizations and local organizations to accelerate the digitalization of industrial production. The two organizations have partnered with the Agency for Science, Technology and Research (A*STAR), to co-host an event in Singapore, held in conjunction with A*STAR’s Future of Manufacturing Singapore, a series of events related to advanced manufacturing. The Singaporean-German Chamber of Industry and Commerce will serve as a further local partner for the event.
 
Industrial Internet of Things (IIoT) technologies will dramatically improve productivity and efficiencies throughout the entire manufacturing supply chain, with processes governing intelligent machines to improve production and even take corrective action to avoid unscheduled downtime. A thriving manufacturing sector helps strengthen the global economy.

http://mrem.bernama.com/viewsm.php?idm=29713

VERTIV SELLS ASCO® TO SCHNEIDER ELECTRIC

Sale enables greater focus on core business

COLUMBUS, Ohio, July 28 (Bernama-GLOBE NEWSWIRE) -- Vertiv, formerly Emerson Network Power, today announced plans to sell its ASCO® business as it continues to sharpen its focus on the digital critical infrastructure space. The $1.25 billion sale to Schneider Electric allows Vertiv to apply additional resources toward business and technological advancements in its core data center, telecommunications and commercial and industrial markets.

As Vertiv has repositioned itself after being sold to Platinum Equity in November 2016, it became clear that ASCO’s strengths in the automatic transfer switch arena fell outside the new organization’s more focused strategy, said Vertiv CEO Rob Johnson.

“This sale is a significant step forward in our evolution as the premier provider of digital critical infrastructure solutions,” Johnson said. “This is consistent with our strategy of focusing on our customers and aligning the strengths of our organization –  deep domain knowledge in IT and facilities applications, global scale and service coverage  – to better meet their needs.”

Platinum Equity Partner Jacob Kotzubei praised Vertiv’s progress.

“Thanks to strong leadership and the commitment of Vertiv employees around the world, the company is performing exceptionally well, and the transformation of the business is right on track,” said Mr. Kotzubei. “The sale of ASCO will further support those efforts and help Vertiv continue focusing on its core business. Given the amount of cash proceeds expected to be generated from the sale, we will evaluate a number of capital structure alternatives that would be beneficial to all stakeholders."

The sale price of $1.25 billion reflects a multiple of 11.7x adjusted EBITDA for CY2016. The sale is subject to customary regulatory approvals and is expected to close by Q4 2017.  

Friday, 28 July 2017

A.M. BEST AFFIRMS CREDIT RATINGS OF PROVIDENT INSURANCE CORPORATION LIMITED

SINGAPORE, July 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Provident Insurance Corporation Limited (PICL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
 
The ratings reflect PICL’s adequate risk-adjusted capitalization, prudent reserving and conservative investment portfolio. Moreover, despite the company’s start-up nature, its operating performance and claims experience during its first four years of operations have been largely consistent with initial projections.
 
Partially offsetting these positive rating factors are the company’s increasing underwriting leverage and a high expense ratio. Due to the delayed premium recognition of its core motor warranty products, growth in earned premium and underwriting profits tend to lag behind growth in incurred expenses. Hence, increased underwriting leverage from above-target premium growth over the short term could result in additional pressure on the company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).

http://mrem.bernama.com/viewsm.php?idm=29700

TGS Q2 2017 WEBCAST AND TELECONFERENCE

ASKER, Norway, July 28 (Bernama-GLOBE NEWSWIRE) -- TGS will release its Q2 2017 results at approximately 07:00 CEST on 3 August 2017. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 CEST at the Hotel Continental, Stortingsgata 24/26 in Oslo, Norway. The presentation is open to the public and can be followed live on the internet at www.tgs.com.
 
The slides from the presentation will also be available in PDF format at both the TGS and Oslo Stock Exchange websites.
 
CEO Kristian Johansen and CFO Sven Børre Larsen will host a conference call on 3 August 2017 at 15:00 CEST (09:00 EDT). Attendees may want to call 5-10 minutes before to ensure registration and access.

http://mrem.bernama.com/viewsm.php?idm=29697

AMAZON INTRODUCES PRIME NOW IN SINGAPORE: FREE TWO-HOUR DELIVERY ON TENS OF THOUSANDS OF ITEMS

Prime Now is the first Amazon retail service to launch in Singapore, offering free two-hour delivery on grocery items, local favorites and name-brand goods
 
SEATTLE, July 28 (Bernama-BUSINESS WIRE) -- Amazon.com, Inc. (NASDAQ: AMZN) today announced the launch of Prime Now in Singapore, which offers free two-hour delivery on tens of thousands of items right from your phone. Customers can shop on the Prime Now app for everything on their list from eggs, cold beverages and ice cream to baby strollers, toys, and consumer electronics. Local favorites such as Tiger Balm, Milo, Scotch-Brite and MamyPoko diapers as well as products from iconic brands including L’Oreal, Pampers, and Samsung are also available for ultra-fast delivery right to your door with free two-hour delivery on orders of S$40 or more.
 
“We are excited to introduce the busy people in Singapore to this convenient, ultra-fast delivery solution to get more time back to do the things they love,” said Aarif Nakhooda, Director of Prime Now Asia-Pacific. “Prime Now is powered by Amazon’s more than 20 years of operational and technological excellence and hundreds of Singapore’s talented and skilled associates.”

http://mrem.bernama.com/viewsm.php?idm=29691

CARBON BLACK NAMED 'ASIA-PACIFIC EMERGING CYBERSECURITY VENDOR OF THE YEAR' BY FROST & SULLIVAN

SINGAPORE, July 27 (Bernama-BUSINESS WIRE) -- Carbon Black, the leader in next-generation endpoint security, today announced the company was named “Asia-Pacific Emerging Cyber Security Vendor of the Year” by Frost & Sullivan at the annual ICT awards ceremony in Singapore.
 
The contenders for the Frost & Sullivan Asia-Pacific ICT Awards were evaluated on a variety of market performance indicators which include revenue growth, market share and growth in market share, leadership in product innovation, breadth of products and solutions, major customer acquisitions, and business and market strategy as well as other category-specific criteria.
 
A team of 30 leading Frost & Sullivan analysts and consultants based in the Asia-Pacific were involved in the shortlisting, evaluation and research process, applying the same thorough approach that has been the hallmark of Frost & Sullivan globally.

http://mrem.bernama.com/viewsm.php?idm=29673

Thursday, 27 July 2017

​ACAPTURE AND BOATSTERS LAUNCH THE FIRST, END-TO-END VR WEBSHOP

With this white label app, merchants can now cover the entire customer journey, from selection to payment, offering a complete omnichannel experience
 
AMSTERDAM, The Netherlands, July 27 (Bernama-GLOBE NEWSWIRE) -- Acapture, a global, data-driven omnichannel PSP, together with Boatsters, a world leading rental platform for yachts and boats, have launched a Virtual Reality (VR) webshop pilot project.
 
Available as a white label application, Acapture’s VR webshop solution can be utilized and personalized by any merchant looking to add VR to their offering. The application covers the entire customer journey, from selection to payment. When consumers are ready to make a purchase, the payment is supported by Acapture’s award winning payment platform and completed entirely within the VR environment. Webshops created with this application can be accessed by consumers via their smartphone at the lowest-priced headsets available.

http://mrem.bernama.com/viewsm.php?idm=29676

A.M. BEST AFFIRMS CREDIT RATINGS OF YOUI NZ PTY LIMITED

SINGAPORE, July 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Youi NZ Pty Limited (Youi NZ) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
 
The ratings reflect Youi NZ’s strong balance sheet, which is due to the company’s low underwriting leverage, as well as its prudent reinsurance program and conservative investment approach. In addition, actual claims experience during the company’s first three years of operation were largely consistent with the assumptions used in pricing its policies.

http://mrem.bernama.com/viewsm.php?idm=29670

NASDAQ ANNOUNCES QUARTERLY DIVIDEND OF $0.38 PER SHARE

NEW YORK, July 27 (Bernama-GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.38 per share on the company's outstanding common stock.  The dividend is payable on September 29, 2017 to shareowners of record at the close of business on September 15, 2017.  Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

http://mrem.bernama.com/viewsm.php?idm=29675

Wednesday, 26 July 2017

'XI JIA' PAN (823 B.C. CHINA): ANCIENT BRONZE PLATE BREAKS AUCTION RECORD

HANGZHOU, China, July 26, 2017 /Xinhua-AsiaNet/--
 
A few days ago, an eye-catching bronze 'Xi Jia' Pan (823 B.C.) was sold at Xiling Yinshe Auction (www.xlysauc.com) with a remarkable price of RMB 212.75 million ($31.5 million, commission included), setting a new record for Chinese works of art in China.
 
'Xi Jia' Pan, with as many as 133 characters of inscription, is the only existing bronze from the Western Zhou Dynasty collected by the royal family of Southern Song Dynasty. Wang Guowei, a famous modern Chinese scholar, held it of greater importance than 'Mao Gong' Ding (Duke Mao Tripod), which is treasured in the "National Palace Museum" in Taipei. According to Wang, 'Xi Jia' Pan's original owner Yin Jifu was not only a great politician and military strategist, but also the collector and compiler of Shijing (Book of Songs), China's earliest collection of Chinese poetry.

http://mrem.bernama.com/viewsm.php?idm=29667

GOODPACK SELECTS ANTUIT'S ADVANCED SUPPLY CHAIN PLANNING AND ANALYTICS PLATFORM TO MAXIMIZE RETURN ON ASSETS

NEW YORK, July 26 (Bernama-BUSINESS WIRE) -- Goodpack, a world leader in steel intermediate bulk containers (IBCs), has selected Antuit’s Advanced Supply Chain Planning and Analytics platform to maximize return on assets by improving container availability and reducing overall cost to serve.
 
“We were impressed by Antuit’s domain expertise and ability to demonstrate the positive impact of advanced analytics on our business,” said Goodpack CIO Kenneth Hee. “I’m confident that Antuit’s platform will transform our supply chain planning into a data-driven, customer-centric strategic business enabler.”

http://mrem.bernama.com/viewsm.php?idm=29662

Tuesday, 25 July 2017

WIPRO AND HEWLETT PACKARD ENTERPRISE PARTNER TO OFFER CONSUMPTION-BASED IT INFRASTRUCTURE SOLUTIONS

EAST BRUNSWICK, N.J., & BANGALORE, India, July 25 (Bernama-BUSINESS WIRE) -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a partnership with Hewlett Packard Enterprise (HPE) to offer IT infrastructure solutions in a consumption-based or pay-per-use business model for enterprises. This model for IT infrastructure procurement and provisioning will be offered to both Wipro and HPE’s customers, globally.
 
As a part of this alliance, Wipro will leverage HPE Flexible Capacity to offer flexible and scalable IT infrastructure services in a consumption-based IT model, accelerate growth and enable digital transformation for its customers. HPE’s scalable, consumption-based IT model of provisioning and procurement coupled with Wipro’s industry-proven end-to-end suite of IT infrastructure services, and global delivery capabilities will enhance the security, agility, scalability of customers’ IT infrastructure, and help them ascertain and regulate the public cloud economics of their data centers.

http://mrem.bernama.com/viewsm.php?idm=29657

CALVIN KLEIN, INC. ANNOUNCES FALL 2017 CALVIN KLEIN 205W39NYC GLOBAL ADVERTISING CAMPAIGN

NEW YORK, July 25 (Bernama-BUSINESS WIRE) -- Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. [NYSE: PVH], today announced the Fall 2017 CALVIN KLEIN 205W39NYC global multi-media advertising campaign. The campaign features the debut CALVIN KLEIN 205W39NYC collection by Chief Creative Officer Raf Simons.

Shot by photographer Willy Vanderperre, the visually striking campaign presents a cast of 22 models shot against a series of billboards that feature images from last season’s CALVIN KLEIN: American Classics campaign. The billboards of the previous campaign – which include works by artist Andy Warhol – were erected in the California desert in the days leading up to the shoot. The campaign is a study in art and artifice, of the real and the imagined, the mannered world of high fashion combined with a sense of the everyday. Ultimately, the campaign explores the cinematic and romantic outsider’s view of America, something of a dream world that has become concrete for Chief Creative Officer Raf Simons and Creative Director Pieter Mulier.

http://mrem.bernama.com/viewsm.php?idm=29651

PROFICIO EXPANDS ASIA FOOTPRINT WITH NEW HONG KONG PRESENCE

SINGAPORE, July 25 (Bernama-GLOBE NEWSWIRE) -- Proficio, one of the fastest growing managed security service providers (MSSPs) delivering managed detection and response (MDR), today announced its newly expanded Asia presence in Hong Kong. Following quickly on the launch of its security operations center (SOC) in Barcelona, Spain, this expansion enables Proficio to broaden its presence in the Asia-Pacific (APAC) region and service more clients globally.
 
Overseeing the Hong Kong area for Proficio is David Cheng, the regional director for security consulting.  Cheng has over a decade of experience in the IT security and software industry across corporate lines, including business development and solution selling. He has extensive cybersecurity experience in the banking, government, insurance, telecommunications, hospitality, retail and manufacturing industries.

http://mrem.bernama.com/viewsm.php?idm=29648

Monday, 24 July 2017

A.M. BEST AFFIRMS CREDIT RATINGS OF BIDV INSURANCE CORPORATION

SINGAPORE, July 21 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of BIDV Insurance Corporation (BIC) (Vietnam). The outlook of these Credit Ratings (ratings) remains positive.
 

The ratings reflect BIC’s good operating performance and strong risk-adjusted capitalization, which is supported by its low underwriting leverage. In terms of underwriting performance, BIC has performed well compared with its peers, especially in its loss ratio. Nonetheless, the company’s underwriting profit remains small in absolute terms.

The company’s investment portfolio is conservative, consisting mostly of cash and deposits. The company also receives a steady stream of interest income from these cash and deposits, which has supported overall results.

BIC is majority owned by the Bank for Investment and Development of Vietnam JSC (BIDV), one of the largest banks in Vietnam, and benefits from this affiliation in terms of branding, networking and customer outreach. Fairfax Financial Holdings Limited (Fairfax), the company’s second-largest shareholder, provides BIC with technical support in areas such as product development and investments.

QNB GROUP COMMENCES OPERATIONS IN INDIA

DOHA, Qatar, July 24 (Bernama-BUSINESS WIRE) -- QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India.

The start of the Group’s operations in the Republic of India comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing a foothold in highly competitive markets.

http://mrem.bernama.com/viewsm.php?idm=29638

Friday, 21 July 2017

AGF WELCOMES REGINA CHI AS VICE-PRESIDENT AND PORTFOLIO MANAGER, AGF EMERGING MARKETS



Deepens bench strength and diversity of global equity platform with four new members

TORONTO, July 20 (Bernama-GLOBE NEWSWIRE) --
 AGF Investments Inc. (AGF) (TSX:AGF.B) is pleased to announce the appointment of Regina Chi to the position of Vice-President and lead Portfolio Manager* on AGF’s Emerging Markets strategies, including the AGF Emerging Markets Fund. She joins the organization on August 14, 2017.

“Regina deepens the bench strength of our global equity platform and supports our evolving investment management team,” said Kevin McCreadie, President and Chief Investment Officer, AGF Investments Inc. “With the right people in place, our research analysis, idea sharing and accountability will lead to deep insights and ultimately better investment decisions.”

Regina brings 23 years of emerging markets and international investing experience to this role. She was most recently a partner at DePrince, Race & Zollo Inc. where she was portfolio manager for the Emerging Markets and International Value disciplines. She was also head of portfolio management and research as they related to the Emerging Markets, Global, International and International Small Cap strategies. Prior to this role, she held senior investment management roles at Oppenheimer Capital, Federated Investors and Clay Finlay Inc.

“This is a great opportunity for me to be part of an asset management firm that is focused on investment excellence across multiple platforms, fundamental research analysis and best-in-class risk management,” said Regina Chi. “I am thrilled to be part of a global organization that invests in its people and technology.”

Regina will join AGF’s global equity platform reporting to Stephen Way, one of the longest tenured global equity managers in Canada. Alpha Ba will continue to be Co-Portfolio Manager on the emerging markets strategies working closely with Regina.

The Global Equity Team covers a variety of global and emerging markets mandates using their collective industry experience and globally diversified cultural backgrounds to help locate opportunities unrecognized by the market. Team members hail from 11 countries, speak 16 languages and made approximately 800 company visits last year.

Following an extensive search, Regina was selected for her wealth of knowledge in emerging markets and international equities, her track record and management style.

“We are committed to investing in the Global Equity Team ahead of anticipated growth with new hires and promotions,” said Stephen Way, Senior Vice-President, Portfolio Manager and 30-year AGF veteran. “We are always looking for opportunities to diversify the team, while allocating resources to ensure we have the best people in the place to reflect our capabilities.” 

NRI SECURE LAUNCHES JAPAN'S FIRST "BLOCKCHAIN ASSESSMENT" SERVICE

- First Step Designed for Smart Contract Security -
 
TOKYO, July 21 (Bernama-BUSINESS WIRE) -- NRI SecureTechnologies, Ltd. (President: Jun Odashima; hereinafter NRI Secure), a leading provider of information security solutions in Japan, has begun providing Japan’s first-ever*1 “Blockchain Assessment,” a security Assessment service designed for systems and services which use blockchain technology*2.
 
As the blockchain technology has become more widespread, the presence of security-related vulnerabilities has also become increasingly apparent. In particular, with regard to smart contracts, *3 one of a constituent element of services using the blockchain, a cyberattack carried out on any vulnerable programs could lead to major threats or even to actual damage*4 by causing services to behave differently than originally intended.

http://mrem.bernama.com/viewsm.php?idm=29631

SOLARWINDS AND SOVLABS EMPOWER IT PROFESSIONALS TO FULLY AUTOMATE IP ADDRESS MANAGEMENT IN VIRTUAL AND CLOUD ENVIRONMENTS

SovLabs leverages enhanced SolarWinds API to deliver feature-rich integration between VMware’s vRealize Automation and SolarWinds IP Address Manager

SINGAPORE, July 20 (Bernama-GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced the latest edition of SolarWinds® IP Address Manager (IPAM), which now includes API support to provide two-way integration with third-party software. In conjunction with this news, SovLabs, a leading provider of integration software for cloud management platforms, announced its SovLabs® vRA Integration Pack for SolarWinds, consisting of IPAM and DNS integration modules for VMware® vRealize® Automation based on the new API.

http://mrem.bernama.com/viewsm.php?idm=29618

Thursday, 20 July 2017

JENNIFER POWERS TO JOIN GLOBAL INFRASTRUCTURE PARTNERS AS A PARTNER AND CHAIR OF GIP'S CREDIT BUSINESS

New York, July 20 (Bernama-GLOBE NEWSWIRE) -- Global Infrastructure Partners (GIP), the leading, independent global infrastructure investment firm, announced today that Jennifer Powers will join GIP in September as a Partner and Chair of GIP's Credit Business. Ms. Powers will work closely with GIP Partner Jon Bram and GIP CAPS Fund Managing Partners Reiner Boehning and Steve Cheng to build out and expand GIP's Credit Business into a market leader in providing financing for infrastructure assets and projects.

Ms. Powers joins GIP from Mizuho Bank where she was co-head of Investment Grade Debt Capital Markets. Prior to Mizuho, she was a founding member of the Royal Bank of Scotland's Credit Markets Business. Ms. Powers also spent 12 years in the energy investment banking and capital markets departments of Credit Suisse.

http://mrem.bernama.com/viewsm.php?idm=29621

Wednesday, 19 July 2017

WEBEMOBILE OFFERS FREE 10GB LTE HOTSPOTS TO NEW AND EXISTING MEMBERS

KUALA LUMPUR, July 19 (Bernama) --  Telekom Malaysia Bhd’s digital mobility services centre of excellence, webe Digital, is giving out 10GB LTE Hotspot to all existing webe mobile and webe mobile SME (small and medium enterprise) members.
“New members can also enjoy this offer if they join before Oct 1,  2017,” it said in a statement today.
The 10GB LTE Hotspot pass will be renewed every month until year-end.
For more information on all the qualifying products and services available, visit webe.com.my.
-- BERNAMA

The invest.com Group Announces Token Generation Event for Stox, A New Prediction Market Platform

The Bancor-Based Platform Will Allow Anyone to Predict Events Using the Wisdom of the Crowd
 
TEL AVIV, Israel, July 19 (BUSINESS WIRE)-- Continuing its quest to democratize investing for all, The invest.com Group is today announcing an upcoming token generation event for Stox, a new prediction-based trading platform.
 
invest.com was founded in 2014, employs a team of 200 across five countries, has 3M registered clients, and generated $50M in annual revenue for 2016.
 
Stox will be issued as a smart token using the Bancor protocol, which the team has evaluated to be the best blockchain based liquidity solution.
 
STX will hold BNT in its reserve which would guarantee continuous and high liquidity, enabling anyone to purchase STX directly through the smart token with Ether, as well as liquidate STX back to Ether — notably, with low slippage and no spread.
 
“We are excited to collaborate with Stox and support their effort to become a pioneer member in the Bancor network. We believe that the guaranteed liquidity and the stability of STX will benefit token holders, the Stox project at large and provide a strong case study for the Bancor protocol,” said Eyal Hertzog, Chief of Product, Bancor.
 
This token generation event will allow Stox to develop a prediction market trading platform that allows STX holders to use crowdsourced information and their own predictions to forecast the outcome of any event, across a wide range of categories. Smart contracts will manage the reconciliation based on the probability of outcomes, crowd sizes participating in the prediction events, as well as initial pledges.
 
Among its features, the blockchain-based platform will be fluid, meaning, prediction patterns and assessments will change upon daily occurring events. Users will also be able to create prediction polls, allowing them to take positions on specific events at any time. Entry prices, for example, for any specific poll, will be able to change and fluctuate based on the predicted values.
 
“Stox is a transformative step in our journey, as it allows us to combine the power of blockchain with the array of infrastructure, technical, sales and marketing assets that are currently powering invest.com,” said Ophir Gertner, Founder of The invest.com Group.
 
For further information and the official Stox whitepaper, go to: http://www.stox.com
 
About invest.com:
 
Founded in 2014, invest.com is an online financial service provider that combines financial expertise with groundbreaking technology to make smart investing simple and affordable for both novice and professional traders alike. Regulated by the Cyprus Securities and Exchange Commission, the company currently employs over 200 employees across 5 countries. Learn more at: www.invest.com
 
Contacts
Blonde 2.0 for invest.com
Molly Winik, +972 58-4433219
molly@blonde20.com

Source: The invest.com Group
 

BNP PARIBAS ANNOUNCES SETTLEMENT WITH THE US FEDERAL RESERVE REGARDING ACTIVITY IN THE FX MARKETS FROM 2007 TO 2013

PARIS, July 18 (Bernama-GLOBE NEWSWIRE) -- BNP Paribas today announced a settlement with the Board of Governors of the Federal Reserve System (“FRB”) relating to past misconduct in its foreign exchange business.

Under this settlement with the FRB, BNP Paribas will pay a fine of USD 246 million (approximately 215 million euros) which will be covered by existing provisions. This follows the announcement by BNP Paribas of a settlement with the New York State Department of Financial Services on the 24th May relating to the same issue.

In reaching this settlement, the FRB acknowledged the Group wide remediation initiatives and the full cooperation of BNP Paribas in the investigation.

The conduct which led to this settlement occurred during the period from 2007 to 2013. Since this time, BNP Paribas has proactively implemented extensive measures to strengthen its systems of control and compliance. The Group has increased resources and staff dedicated to these functions, conducted extensive staff training and launched a new Code of Conduct which applies to all staff.

BNP Paribas deeply regrets the past misconduct which was a clear breach of the high standards on which the Group operates.

Conducting its business in a responsible and ethical manner is a cornerstone of BNP Paribas’ values and the Group will continue to make improvements to ensure that it delivers on its responsibilities to all its stakeholders.

About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

Tuesday, 18 July 2017

PERSONAL ACCESSORIES TO RECORD US$530 BILLION SALES IN 2017 DRIVEN BY AFFORDABLE LUXURY

LONDON, July 18 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International released today 2017 personal accessories data.

According to the new research, the global personal accessories market is set to record 4 percent growth to reach US$530 billion sales in 2017, driven by the rise in affordable luxury in the jewellery and bags market. Being the two largest categories, jewellery is set to account for over 50 percent of personal accessories sales in 2017 and bags 20 percent.

http://mrem.bernama.com/viewsm.php?idm=29599

THE NIGERIAN STOCK EXCHANGE GOES LIVE WITH NASDAQ SMARTS MARKET SURVEILLANCE TECHNOLOGY

LAGOS, Nigeria and STOCKHOLM, Sweden, July 17 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution.

The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out traders’ monitoring and analysis, conduct multi-asset and cross-market surveillance, and execute risk-based supervision of flagged participants.

“As we enter the growth phase of the development of our market, including the introduction of new asset classes such as derivatives, there will be the imperative of processing significant volumes of market information in real-time to detect anomalies,” said Tinuade Awe, General Counsel and Head of Regulation, NSE. “The SMARTS technology, which we have successfully deployed, allows our team to proactively analyze patterns and trends to make sense of the vast amounts of data for investigative purposes and protection of investors, while strengthening the integrity of our market.”

“Through SMARTS, NSE is leveraging the latest in surveillance technology and demonstrating its commitment to fostering a strong marketplace,” said Tony Sio, Head of Exchange & Regulator Surveillance, Market Technology at Nasdaq. “SMARTS performs universal surveillance of all asset classes and provides a strong platform for NSE to develop new products such as derivatives. We look forward to a long partnership with the NSE as the Nigerian markets evolve.”

A.M. BEST AFFIRMS CREDIT RATINGS OF DONGBU INSURANCE CO., LTD.

HONG KONG, July 17 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Dongbu Insurance Co., Ltd. (Dongbu) (South Korea). The outlook of these Credit Ratings (ratings) remains stable.

The ratings reflect Dongbu’s strong risk-adjusted capitalization, favorable market profile and improved operating performance.

Dongbu’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained stable at a strong level in 2016. The company’s BCAR was supported by an increasing capital and surplus, driven mainly by net profit retention. Dongbu controlled its investment risks through a relatively conservative investment strategy, with a focus on asset/liability matching.

The company is the third-largest non-life insurer in South Korea and has seen its market share, in terms of net premium written, continuously increase over the past five years. Notably, this market expansion did not come at the expense of operating performance, which remained profitable and improved over the period.

Partially offsetting these positive rating factors is Dongbu’s high asset leverage, which makes its capitalization more susceptible to asset value fluctuation. A.M. Best will continue to monitor the company’s asset leverage closely.

CT CORP AND PRUDENTIAL FINANCIAL, INC., CREATE LIFE INSURANCE JOINT VENTURE IN INDONESIA

Strategic partnership expands access of Indonesia’s growing middle class to financial protection and insurance solutions
 
JAKARTA, Indonesia, July 18 (Bernama-BUSINESS WIRE) -- CT Corp and U.S.-headquartered Prudential Financial, Inc. (PFI) (NYSE: PRU), have created a joint venture to provide life insurance solutions to a broad spectrum of people in Indonesia through a multi-channel distribution strategy, the companies announced today. Under the recently closed agreement, which has been approved by the OJK in Indonesia, PFI subsidiary Pruco Life Insurance Company has acquired a 49 percent interest in CT Corp’s wholly-owned life insurance subsidiary, PT Asuransi Jiwa Mega Indonesia.

http://mrem.bernama.com/viewsm.php?idm=29604

MURATA PARTNERS WITH STMICRO TO ADD SIGFOX CONNECTIVITY TO ITS LORAWAN MODULE ENABLING "BEST OF BOTH WORLDS" CAPABILITY

KYOTO, Japan, July 18 (Bernama-BUSINESS WIRE) -- Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) today announced the results of its collaboration with both STMicro and SigFox to port the SigFox stack to co-exist alongside the LoRa stack on Murata’s small form factor Type ABZ LoRaWAN™ module. With this feature Murata has extended the module’s capability for providing both LoRa and SigFox capabilities worldwide from a single hardware platform. This approach allows customers to decide which network technology serves the application best depending on location, service requirements and cost.
 
Both networks offer similar low-power wide area network (LPWAN) capabilities, targeting applications in smart meters, facility management, asset tracking, and a range of other uses in the IoT space. While each has differences, the common goal is network coverage with good Quality of Service (QoS). By supporting both standards, Murata’s module can also bridge both networks, providing even greater deployment flexibility by allowing a dual-mode operation from a single firmware package that can be used globally.

http://mrem.bernama.com/viewsm.php?idm=29602

REDHILL BIOPHARMA ANNOUNCES LAST PATIENT VISIT IN BEKINDA® PHASE II STUDY FOR IBS-D

  • Top-line results are expected in September 2017
  • The randomized, double-blind, placebo-controlled Phase II study is evaluating the safety and efficacy of BEKINDA® (RHB-102) 12 mg in 127 U.S. patients with diarrhea-predominant irritable bowel syndrome (IBS-D), with a primary endpoint of response in stool consistency as compared to baseline
  • IBS is one of the most common gastrointestinal disorders, with up to 30 million American sufferers, of which over 50% are cases of IBS-D; the U.S. market for IBS-D therapies grew by approximately 550% between 2013-2016, to an estimated $473 million in 2016, and is expected to continue to grow by approximately 14% annually (2016 – 2022)
  • If approved, BEKINDA® 12 mg has the potential to be a preferred once-daily treatment for a broad segment of patients suffering from IBS-D
  • Positive top-line results from the Phase III GUARD study with BEKINDA® 24 mg for acute gastroenteritis and gastritis indicated that the study successfully met its primary endpoint, and BEKINDA® 24 mg was shown to be effective, safe and well tolerated in patients with acute gastroenteritis and gastritis 

TEL-AVIV, Israel and RALEIGH, N.C., July 18 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on late clinical-stage development and commercialization of proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that the last patient enrolled in the Phase II study with BEKINDA® (RHB-102)1 12 mg for the treatment of diarrhea-predominant irritable bowel syndrome (IBS-D) has completed the treatment course and follow-up visit. Top-line results are expected in September 2017.

BEKINDA® is a proprietary, bimodal extended-release, once-daily, oral pill formulation of the antiemetic drug ondansetron, targeting several gastrointestinal indications.

The randomized, double-blind, placebo-controlled Phase II study is evaluating the efficacy and safety of BEKINDA® 12 mg in adults, 18 years and older, who suffer from IBS-D. The study enrolled 127 subjects at 16 clinical sites in the U.S.

Subjects enrolled in the study were randomized 60:40 to receive either BEKINDA® 12 mg or a placebo, once daily, for a period of eight weeks. The primary endpoint for the study is the proportion of patients in each treatment group with stool consistency response as compared to baseline, per FDA  guidance definition (a decrease of ≥50% in the number of days per week with at least one stool that has a consistency of 6 or 7 per the Bristol stool scale and no increase in abdominal pain over the week). Secondary endpoints include the proportion of patients in each treatment group who are pain responders and the proportion of patients in each treatment group who are responders to the combined endpoints of stool consistency and pain, per FDA guidance definition.

IBS is one of the most common gastrointestinal disorders2. It is estimated that up to 30 million Americans suffer from IBS3, of which over 50% are cases of IBS-D4. The U.S. market for IBS-D therapies grew by approximately 550% between 2013-2016, to an estimated $473 million in 2016, and is expected to continue to grow with a compound annual growth rate (CAGR) of 14% (2016 – 2022)5.

5-HT3 antagonists such as ondansetron, the active pharmaceutical ingredient in BEKINDA®, have been shown to slow intestinal transit time in humans6. Alosetron (Lotronex®), a different 5-HT3 antagonist of the same class of drugs as ondansetron, has been approved by the FDA for the treatment of women with severe chronic IBS-D, but is under a restricted prescribing (REMS) program due to potential severe side effects7. Ondansetron, approved by the FDA as an oncology support antiemetic, has demonstrated activity in IBS-D in preliminary studies8 and, in light of its safety profile, RedHill believes that BEKINDA®, if approved, has the potential to be a preferred once-daily treatment for a broad segment of patients suffering from IBS-D.

In addition to the BEKINDA® 12 mg Phase II IBS-D program, RedHill recently announced positive top-line results from the Phase III GUARD study with BEKINDA® 24 mg, a different formulation of BEKINDA®. The Phase III GUARD study successfully met its primary endpoint of efficacy in the treatment of acute gastroenteritis and gastritis, and BEKINDA® 24 mg was found to be safe and well tolerated in this indication.

The Phase II study and the Phase III GUARD study with BEKINDA® are registered on www.ClinicalTrials.gov, a web-based service of the U.S. National Institutes of Health, which provides access to information on publicly and privately supported clinical studies.

About BEKINDA® (RHB-102):

BEKINDA® is a proprietary, bimodal extended-release (24 hours) oral pill formulation of ondansetron, covered by several issued and pending patents. Positive top-line results from a Phase III clinical study of BEKINDA® 24 mg in the U.S. for acute gastroenteritis and gastritis (the GUARD study) were announced in June 2017. A Phase II study with BEKINDA® 12 mg is ongoing in the U.S. for the treatment of diarrhea-predominant irritable bowel syndrome (IBS-D), with patient treatment completed and top-line results expected in September 2017.

About RedHill Biopharma Ltd.:

RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) is a specialty biopharmaceutical company headquartered in Israel, primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. RedHill promotes two gastrointestinal products in the U.S. - Donnatal®, a prescription oral adjunctive drug used in the treatment of IBS and acute enterocolitis, and EnteraGam®, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools. RedHill’s clinical-stage pipeline includes: (i) TALICIA (RHB-105) - an oral combination therapy for the treatment of Helicobacter pylori infection with successful results from a first Phase III study and an ongoing confirmatory Phase III study; (ii) RHB-104 - an oral combination therapy for the treatment of Crohn's disease with an ongoing first Phase III study, a completed proof-of-concept Phase IIa study for multiple sclerosis and QIDP status for nontuberculous mycobacteria (NTM) infections; (iii) BEKINDA® (RHB-102) - a once-daily oral pill formulation of ondansetron with successful top-line results in a Phase III study for acute gastroenteritis and gastritis and an ongoing Phase II study for IBS-D; (iv) RHB-106 - an encapsulated bowel preparation licensed to Salix Pharmaceuticals, Ltd.; (v) YELIVA® (ABC294640) - a Phase II-stage, orally-administered, first-in-class SK2 selective inhibitor targeting multiple oncology, inflammatory and gastrointestinal indications; (vi) MESUPRON - a Phase II-stage first-in-class, orally-administered protease inhibitor, targeting pancreatic cancer and other solid tumors and (vii) RIZAPORT® (RHB-103) - an oral thin film formulation of rizatriptan for acute migraines, with a U.S. NDA currently under discussion with the FDA and marketing authorization received in two EU member states under the European Decentralized Procedure (DCP). More information about the Company is available at: www.redhillbio.com.

1 BEKINDA® is an investigational new drug, not available for commercial distribution.
2 GlobalData PharmaPoint: Irritable Bowel Syndrome – Global Drug Forecast and Market Analysis to 2023.
3 Lovell RM, Ford AC, Global prevalence of and risk factors for irritable bowel syndrome: a meta-analysis, Clin Gastroenterol Hepatol (2012), 10(7)712-721; Saito YA et al, The epidemiology of irritable bowel syndrome in North America: a systemic review, Am J Gastroenterol (2002), 97(8): 1910-5.
4 GlobalData PharmaPoint: Irritable Bowel Syndrome – Global Drug Forecast and Market Analysis to 2023.
5 EvaluatePharma – USA sales by indication (IBS-D) (July 2017).
6 Garsed K. et al, A randomised trial of ondansetron for the treatment of irritable bowel syndrome with diarrhoea, Gut (2014), 63(10): 1617-25.  
7 www.fda.gov, post market drug safety information for patients and providers.
8 Steadman CJ et al, Selective 5-hydroxytryptamine type 3 receptor antagonism with ondansetron as treatment for diarrhea-predominant irritable bowel syndrome: a pilot study, Mayo Clin Proc (1992), 67(8):732-8; Clayton NM et al, The pharmacological properties of the novel selective 5-HT3 receptor antagonist, alosetron, and its effects on normal and perturbed small intestinal transit in the fasted rat, Neurogastroenterol (1999), 11: 207-217; Garsed K. et al, A randomised trial of ondansetron for the treatment of irritable bowel syndrome with diarrhoea, Gut (2014), 63(10): 1617-25.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the initiation, timing, progress and results of the Company’s research, manufacturing, preclinical studies, clinical trials, and other therapeutic candidate development efforts; (ii) the Company’s ability to advance its therapeutic candidates into clinical trials or to successfully complete its preclinical studies or clinical trials; (iii) the extent and number of additional studies that the Company may be required to conduct and the Company’s receipt of regulatory approvals for its therapeutic candidates, and the timing of other regulatory filings, approvals and feedback; (iv) the manufacturing, clinical development, commercialization, and market acceptance of the Company’s therapeutic candidates; (v) the Company’s ability to successfully market Donnatal® and EnteraGam®, (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) the Company's ability to acquire products approved for marketing in the U.S. that achieve commercial success and build its own marketing and commercialization capabilities; (viii) the interpretation of the properties and characteristics of the Company’s therapeutic candidates and of the results obtained with its therapeutic candidates in research, preclinical studies or clinical trials; (ix) the implementation of the Company’s business model, strategic plans for its business and therapeutic candidates; (x) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its therapeutic candidates and its ability to operate its business without infringing the intellectual property rights of others; (xi) parties from whom the Company licenses its intellectual property defaulting in their obligations to the Company; and (xii) estimates of the Company’s expenses, future revenues capital requirements and the Company’s needs for additional financing; (xiii) competitive companies and technologies within the Company’s industry. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 20-F filed with the SEC on February 23, 2017. All forward-looking statements included in this Press Release are made only as of the date of this Press Release. We assume no obligation to update any written or oral forward-looking statement unless required by law.
Company contact:
Adi Frish
Senior VP Business Development &
Licensing
RedHill Biopharma
+972-54-6543-112
adi@redhillbio.com

IR contact (U.S.):
Marcy Nanus
Senior Vice President
The Trout Group
+1-646-378-2927
Mnanus@troutgroup.com

SOURCE : RedHill Biopharma Ltd.