November 20, 2023 11:40 am
L&T Technology Services Limited, a global pure-play engineering services company, announced on Monday a collaboration with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy. That solution comes as a response to the industry-wide challenges of availability, cost and dependencies associated with custom and proprietary hardware components. The architecture boasts an image processing […]
Read moreNovember 20, 2023 9:33 am
The South African Rand gave up earlier gains against a weaker US Dollar on Monday amid investor optimism that US interest rates may have reached a peak. The Rand was last 0.33% weaker against the greenback, with traders expecting South African CPI inflation report on Wednesday and a policy decision by the South African Reserve […]
Read moreNovember 18, 2023 12:03 pm
Albemarle Corporation, a global provider of essential elements for mobility, energy, connectivity and health, said on Friday that it had promoted Cynthia Lima to Senior Vice President, Chief External Affairs and Communications Officer. Cynthia Lima joined the company as Chief Communications Officer early in 2023 and has expanded her remit to include the global external […]
Read moreNovember 17, 2023 3:00 pm
Rithm Capital Corp said on Friday that it had finalized its previously announced acquisition of Sculptor Capital Management Inc for $12.70 per Class A share in a deal estimated at approximately $719.8 million. Sculptor’s common stock will now discontinue trading on the New York Stock Exchange and will be delisted. Citi acted as the sole […]
Read moreNovember 17, 2023 12:17 pm
Octopus Energy announced on Friday that its renewables investing arm and Japan’s Tokyo Gas had launched a dedicated fund, which is expected to invest GBP 3 billion in offshore wind projects by the end of the decade. The Octopus Energy Offshore Wind fund will invest in offshore wind farms and in businesses that create new […]
Read moreNovember 17, 2023 10:21 am
Sasol Limited said on Friday that it had appointed Simon Baloyi as President, Chief Executive Officer and executive director of the company, effective April 1st 2024. Simon Baloyi is to succeed Fleetwood Grobler, who will continue to serve as an executive advisor until December 31st 2024 in order to ensure a smooth and structured handover. […]
Read moreNovember 17, 2023 8:58 am
The GBP/SGD currency pair extended a pullback from recent 2-month high on Friday, after data showed UK retail sales had unexpectedly shrunk in October. Retail sales in the country decreased 0.3% month-over-month, compared with market expectations of a 0.3% growth, following a revised up 1.1% drop in September. Sales at food stores edged down 0.3% […]
Read moreNovember 16, 2023 2:46 pm
GigaCloud Technology Inc, a pioneer of global end-to-end B2B e-commerce solutions for large parcel merchandise, said on Thursday that it had finalized the acquisition of a 100% equity interest of Apexis Inc (dba “Wondersign”) for $10 million in cash. Wondersign is a cloud-based interactive digital signage and e-catalog management SaaS company based in Tampa, Florida, […]
Read moreNovember 16, 2023 10:17 am
Farmers Edge Inc, a pure-play digital agriculture firm, said on Wednesday that it had entered into an amendment to its secured credit facility with Fairfax Financial Holdings Ltd. The credit facility was increased by $6.37 million to a principal amount of $81.37 million, Farmers Edge said. The increased amount is being extended on the same […]
Read moreNovember 16, 2023 8:24 am
Astellas Pharma Inc said on Wednesday that it had agreed to acquire Propella Therapeutics Inc. Propella is a privately held bio-pharmaceutical firm that has leveraged a wholly owned proprietary platform combining medicinal chemistry with lymphatic targeting to create new oncology drugs. Through the acquisition, Astellas will acquire PRL-02 (abiraterone decanoate), a next-generation androgen biosynthesis inhibitor […]
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