MREM Press Releases
Genesis Reaches Agreement in Principle with DCG and Key Creditors on a Global Resolution that Optimizes Outcome for Clients and Stakeholders
NEW YORK, Feb 7 (Bernama-BUSINESS WIRE) — Genesis Global Holdco, LLC (“Genesis” “GGH” or the “company”) today announced that it has reached an agreement in principle among Digital Currency Group (“DCG”) and the ad hoc groups of creditors of Genesis Global Capital, LLC (the “Ad Hoc Groups”) which, in the aggregate,
Intelsat Appoints Gaurav Kharod As The Regional Vice President Of Asia Pacific
MCLEAN, Va., Feb 7 (Bernama-BUSINESS WIRE) — Intelsat, operator of one of the world’s largest integrated satellite and terrestrial networks and leading provider of inflight connectivity (IFC), today announced the appointment of Gaurav Kharod as the regional vice president for its Asia Pacific (APAC) region. Kharod comes from Intelsat’s India office,
AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company
HONG KONG, Feb 7 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Meiji Yasuda’s balance sheet
Juniper Research: Operator 5G Revenue to Reach $625 Billion by 2027, as 6G Development Shows Promise
BASINGSTOKE, England, Feb 7 (Bernama-BUSINESS WIRE) — Juniper Research has revealed operators are forecast to generate $625 billion from 5G services globally by 2027; rising from $310 billion in 2023. The new report, Operator Revenue Strategies: Business Models, Emerging Technologies & Market Forecasts 2023-2027, predicts this growth of 100% over the next four
SYNTAGMA CAPITAL Enters Into Exclusive Negotiations To Acquire Nexans’ Lan/data center (“LAN/DC”) And Telecom /Fibre (“FTTx”) Division.
BRUSSELS, Feb 7 (Bernama-BUSINESS WIRE) — Syntagma Capital today announces that it has entered into exclusive negotiations with Nexans SA to acquire its LAN/data center (“LAN/DC”) and Telecom /Fibre (“FTTx”) division. The business designs, manufactures, and distributes smart connectivity solutions based on optical fibre and copper technologies to data centers, smart
Nikkiso Clean Energy & Industrial Gases Group Completes the Acquisition of Cryotec Anlagenbau GmbH, Wurzen, Germany
TEMECULA, Calif., Feb 7 (Bernama-GLOBE NEWSWIRE) — Nikkiso Clean Energy and Industrial Gases Group (“Group”), a part of Nikkiso Co., Ltd (Japan), and operating under Cryogenic Industries, Inc. (USA), completed the acquisition of Cryotec Anlagenbau GmbH (Cryotec), located in Wurzen, Saxony, Germany for an undisclosed amount. A global plant engineering
AM Best Downgrades Issuer Credit Rating Of Fubon Insurance Co., Ltd.; Places Credit Ratings Under Review With Negative Implications
HONG KONG, Feb 7 (Bernama-BUSINESS WIRE) — AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan). Concurrently, AM Best has placed these Credit Ratings (ratings) under review
FPT Featured On Globalive Media’s Technology Series “Beyond Innovation” On Bloomberg Television
HANOI, Vietnam, Feb 7 (Bernama-BUSINESS WIRE) — Vietnam’s leading technology group FPT participated in “Beyond Innovation” Season 3, the leading technology series airing on Bloomberg Television (Bloomberg TV). Hosted by Venture Capitalist Anthony Lacavera and Experienced Tech Journalist Michael Bancroft, the series discover new technologies and entrepreneurs transforming our lives for
AM Best Assigns Credit Ratings to ICICI Lombard General Insurance Company Limited
SINGAPORE, Feb 7 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to ICICI Lombard General Insurance Company Limited (ICICI Lombard) (India). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect ICICI
Boosting productivity is the long-term solution to fair wages and higher compensation of employees (CE)
PETALING JAYA, Feb 3 (Bernama) — Malaysia Productivity Corporation (MPC) is looking to introduce a wage system based on mutual wealth sharing between employers and employees. The wage system is expected to boost productivity and is regarded as the long-term solution to fair wages and higher compensation of employees (CE). Higher CE