Monday, 3 November 2025
AM BEST RATES DELTA’S AFFILIATES’ PERFORMANCE ASSESSMENT EXCELLENT
AM Best in a statement said the companies are assessed on a consolidated basis under their parent, Delta International Limited (Delta).
With a stable outlook on the assessment, it reflects Delta’s strong underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organisational talent, and strong depth and breadth of relationships.
In AM Best’s view, the two affiliated companies exhibit several commonalities with one another and are regarded as strategically and financially important to Delta, providing access to businesses in certain geographic jurisdictions in the Asia Pacific region.
The credit rating agency assesses Delta’s underwriting capabilities as strong, as it has consistently recorded profitable underwriting results over the past few years across a wide range of product lines and geographic regions.
Delta has a highly specialised underwriting philosophy and risk selection process, supported by its in-house underwriting and claims management teams, which enabled the organisation to grow its premium base rapidly through product and geographic expansion over time.
Furthermore, AM Best considers Delta’s governance and internal controls to be excellent, as the company has implemented a sophisticated framework for selecting capacity providers, which elevates the products and coverage it provides to its policyholders.
Delta’s financial condition has been assessed as strong with its track record of profitable operations, stable income sources and positive cash flow. Its organisational talent was also viewed as excellent, and Delta’s senior management is highly experienced in the company’s lines of business.
-- BERNAMA
SIAD To Supply 3,500 MTPD Air Separation Unit For Pacifico Mexinol Project
KUALA LUMPUR, Oct 30 (Bernama) -- SIAD Americas LLC announced that SIAD has been selected to provide an air separation unit (ASU) for the Pacifico Mexinol ultra-low carbon methanol project in Sinaloa, Mexico.
The project, led by SIAD Macchine Impianti, will leverage SIAD’s global execution model, with engineering support from its centres in Bergamo, Italy; The Woodlands, Texas; and Hangzhou, China.
According to a statement, equipment will be sourced from the United States, China, and Europe, with fabrication carried out at SIAD facilities in Hangzhou and at the new facility in Porto Marghera (Venice), Italy.
“We are proud to partner with Transition Industries and contribute our expertise to what will be one of the world's most sustainable chemical facilities. Our selection reflects the strength of SIAD’s global engineering team and our commitment to delivering exceptional value to customers,” said SIAD Americas Chairman and Chief Executive Officer, Ed Hotard.
The ASU will have a production capacity of approximately 3,500 metric tonnes per day (MTPD) of high-purity oxygen, making it a critical component for the production of ultra-low carbon methanol. It will supply the large volumes of oxygen required for the project's gasification and carbon capture processes.
Once operational in 2029, Pacifico Mexinol is expected to be the largest standalone ultra-low-carbon chemical production facility in the world and one of the world’s largest producers of green hydrogen and green methanol.
Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group.
The ASU will be designed to the highest standards of efficiency and reliability, supporting the project's net-zero carbon emissions objectives. The strategic sourcing of engineering and equipment from SIAD's global network is expected to optimise the project's execution schedule and cost.
-- BERNAMA
Axi Attends iFX Expo Asia 2025, Showcases its Products and Services
SYDNEY, Oct 31 (Bernama-GLOBE NEWSWIRE) -- Axi, a financial leader in online CFD and FX trading, participated in iFX Expo Asia 2025, held from October 26 to 28, in Asia. The event brought together leading fintech, trading, and financial services professionals from across the globe.
“We want to thank the event organisers for delivering a seamless conference experience and for honouring us with the prestigious ‘Best Trading Experience’ award*, and everyone who visited our booth to connect with our team,” said Hannah Hill, Head of Brand and Sponsorship at Axi. “Our commitment has always been clear: to empower our clients with the tools and support they need to unlock the ultimate trading experience. We were thrilled to showcase Axi’s industry-leading conditions and demonstrate how we help our clients seize every opportunity to their advantage.”
In 2023, the broker was recognised with the ‘Most Trusted Broker - Asia’ award* at the Global Forex Awards – an accolade that, as Hill noted, "reflects our ongoing commitment on integrity and transparency within the trading space.”
About Axi
Axi is a global online FX and CFD trading brand, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.
For more information or additional comments from Axi, please contact: mediaenquiries@axi.com
Promoted by AxiTrader LLC. OTC Derivatives carry a high risk of investment loss. This content may not be available in your region. Not intended as investment advice.
*Granted to the Axi Group of Companies.
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Datavault AI Acquires API Media in All Cash Transaction
Technology provider API selects Datavault AI to continue building its leading culture of tech innovation
API Media, headquartered in New Jersey, is a leading provider of innovative audio and visual technologies and IT services for large sporting events and enterprise clients. API’s clients include some of the most prestigious and sought after sports venues and events, made possible through a dedicated and customer first culture cultivated over decades,
· “This acquisition marks a decisive next step in our strategy to scale Datavault’s proprietary data-monetization ecosystem,” said Nathaniel Bradley Chief Executive Officer of Datavault AI. “API Media’s iconic brand and expertise in multi-channel engagement, data overlay integration, and clutch on-the-fly automation will strengthen our core platform, enrich our culture and enhance the value we deliver to enterprise clients through verified, tokenized data assets. This is a leap forward we wanted and this is the team we have coveted. It’s a dream come true.”
· “Joining Datavault AI allows us to bring our clients the most advanced capabilities in AI, analytics, and secure data monetization,” said Frank Tomaino, President of API Media. “Datavault’s technology stack transforms how organizations manage and monetize information—creating new revenue streams while maintaining transparency and compliance. Together, we’ll redefine what’s possible in intelligent marketing and audience development.”
· “The acquisition of API Media accelerates Datavault’s growth trajectory and broadens our recurring-revenue base,” added David Reese, CEO of API Media. “It strengthens our presence in data-driven media and marketing while extending our reach into sectors primed for tokenized data solutions.”
With the integration of API Media, Datavault AI gains expanded expertise in digital media operations, audience intelligence, and revenue analytics—positioning the company to capture increased market share across enterprise data, advertising, and AI-as-a-Service verticals. The acquisition reinforces Datavault’s role as a global leader in data monetization, blockchain tokenization, and AI-enabled experiential events.
About Datavault
Datavault AI™ (Nasdaq: DVLT) is leading the way in AI driven data experiences, valuation and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Beaverton, Oregon. Learn more about Datavault AI at www.dvlt.ai.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "continues" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, patent initiatives as well as the successful implementation of the patented technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: our ability to successfully utilize all intellectual property that has been issued and granted Notices of Allowance; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various patents mentioned in this press release; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement our technologies into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
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SOURCE: Datavault AI Inc.
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
MONEYHERO LAUNCHES CREDIT HERO CLUB IN HONG KONG TO BOOST CREDIT TRANSPARENCY
The new offering marks a strategic milestone in MoneyHero’s ongoing evolution toward tech- and AI-driven product offering innovation, after the platform undergoes a successful beta testing phase throughout September.
The platform helps users better understand their credit position, identify financial products that align with their credit profile, and simplify the application process—all of which drives improved approval and conversion rates for partner banks and financial institutions, while delivering a more seamless and personalised experience for users.
“Moving beyond a comparison website, we are enhancing user engagement through technology and data. We are empowering Hong Kong consumers with free access to their credit profiles, enabling them to make more informed financial decisions.
“This allows us to offer special partner products and to significantly improve the user experience, marking a significant step in the digitalisation of the end-to-end purchase journey,” said MoneyHero Chief Executive Officer, Rohith Murthy in a statement.
By offering free access to credit scores and credit reports, Credit Hero Club empowers users to make better-informed borrowing decisions and allows commercial partners to acquire highly targeted and engaged customers.
MoneyHero’s loan application data for the first nine months of 2025 shows a shift toward more prudent borrowing behaviour in Hong Kong. Applications for loans below HK$100,000 rose from around 31 per cent in 2024 to approximately 38 per cent this year, indicating a stronger appetite for smaller loans. (HK$100 = RM54.01)
Meanwhile, medium (HK$300,000 to HK$799,999) and large (HK$800,000 and above) loan applications declined from nearly 32 per cent to almost 28 per cent and from about 16 per cent to some 13 per cent, respectively. Small loan applications stabilised at roughly 21 per cent.
This shift toward smaller loan amounts might also reflect heightened caution among banks in Hong Kong, which appear to be prioritising risk management and lower exposure, as the trend underscores the demand for clearer credit transparency in a more cautious lending environment.
-- BERNAMA
Ambiq Launches Apollo510 Lite SoC Series To Advance Ultra-Low-Power Edge AI
KUALA LUMPUR, Oct 31 (Bernama) -- Ambiq Micro Inc (Ambiq), a global provider of ultra-low-power semiconductor and artificial intelligence (AI) solutions, has introduced the Apollo510 Lite System-on-Chip (SoC) series, the latest addition to its Apollo5 family.
Designed to meet the growing demand for always-on intelligence at the edge, the new series combines advanced AI processing, multi-protocol wireless connectivity and industry-leading energy efficiency to power devices such as wearables, medical equipment, industrial Internet of Things (IoT) sensors and smart building systems.
In a statement, Ambiq said samples of the Apollo510 Lite Series are now available, with volume production expected to begin in the first quarter of 2026.
Ambiq chief executive officer, Fumihide Esaka said the Apollo510 Lite Series represents a significant milestone in the company’s mission to expand the reach of Edge AI through ultra-low-power technologies.
“This milestone underscores our commitment to making intelligence possible everywhere, without compromise on power or performance,” he said.
Built on Ambiq’s proprietary Subthreshold Power Optimised Technology (SPOT) platform, the Apollo510 Lite Series offers over 16 times faster performance and up to 30 times better AI energy efficiency compared with conventional M4 or M33 solutions. The improvement allows developers to run complex AI workloads such as health analytics, sensor fusion and voice recognition while extending battery life.
Key features of the series include a 250 megahertz (MHz) Arm Cortex-M55 Processor with turboSPOT and Helium technology for efficient AI acceleration, a dedicated 48/96 MHz Arm Cortex-M4F Coprocessor, and two megabytes (MB) of both RAM and non-volatile memory with dedicated caches.
The devices also feature Bluetooth Low Energy (BLE) 5.4 with +14 decibel-milliwatts (dBm) transmit power, dual-mode Bluetooth (Classic + LE) for low-power audio, and secureSPOT 3.0 with Arm TrustZone for secure boot and firmware authentication.
The Apollo510 Lite Series will be available in three variants, namely Apollo510 Lite (no BLE radio), Apollo510B Lite (BLE-enabled), and Apollo510D Lite (dual-mode Bluetooth).
-- BERNAMA
Saturday, 1 November 2025
Neinor Homes Secures 140 Mln Euros In Share Placement Backed By Orion
KUALA LUMPUR, Oct 30 (Bernama) -- Neinor Homes has successfully raised 140 million euros through an accelerated bookbuild (ABB) offering, issuing over 8.9 million new shares at 15.73 euros per share. (1 Euro = RM4.85)
Orion, Neinor’s largest shareholder, subscribed 100 million euros, reinforcing its long-term commitment to the company and confidence in its equity-efficient growth strategy. The remaining 40 million euros was subscribed by existing investors, following the 229 million euros ABB executed in June.
“We are very pleased with the outcome of this transaction and the continued support from Orion, which once again demonstrates its confidence in Neinor’s long-term strategy and growth potential, as well as from institutional investors who have reaffirmed their backing.
“The proceeds will allow us to continue expanding in the most attractive segments of the Spanish market while maintaining a disciplined approach to capital deployment,” said Neinor Homes Chief Executive Officer, Borja GarcĂa-Egotxeaga.
Neinor in a statement said Spain remains one of the safest residential markets globally, being structurally undersupplied, underleveraged and offering compelling long-term growth opportunities in a highly fragmented market.
Over the past 2.5 years, Neinor and its strategic partners have closed land acquisitions worth more than 2.7 billion euros to develop approximately 31,000 housing units targeting opportunistic returns.
With the acquisition of AEDAS fully funded, Neinor expects to use net proceeds to pursue further growth opportunities in Build-to-Sell and the emerging Alternative Living segments.
-- BERNAMA