Wednesday 24 December 2014

Ten IPath(R) Exchange Traded Notes To Switch Listing To Nasdaq

KUALA LUMPUR, Dec 24 (Bernama-GLOBE NEWSWIRE) -- Nasdaq today announced that Barclays Bank PLC ("Barclays") will be transferring the listing of ten iPath® exchange-traded notes (ETNs) from NYSE Arca to The Nasdaq Stock Market, effective on or about Monday, December 29, 2014. The ETNs will be traded as a designated security.
http://mrem.bernama.com/viewsm.php?idm=23623

Tuesday 23 December 2014

SeaChange Announces Agreement to Acquire Timeline Labs



Acquisition Brings Social Media Analytics to Leading Multiscreen Television Footprint

KUALA LUMPUR, Dec. 23 (Bernama) -- SeaChange International, Inc. (Nasdaq:SEAC), a leading global multiscreen video software innovator, today announced that it has entered into a binding agreement to acquire TLL, LLC which does business as Timeline Labs. Timeline Labs is a privately-owned, California-based SaaS company that enables local broadcasters, local and national news organizations, cable news channels and other media companies and brands to analyze social media messages in real-time, find and broadcast newsworthy social trends and insights, and measure viewing audience engagement across television, mobile and PC. Timeline's customers include FOX Television Stations, Sinclair, Media General and Tribune broadcast television stations, as well as online providers like 120Sports.com.

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Global Eagle Entertainment Announces STC Approval of its Connectivity System on Boeing 777 Aircraft



KUALA LUMPUR, Dec. 23 (Bernama) -- Global Eagle Entertainment Inc. (Nasdaq:ENT), a worldwide leading provider of content, connectivity and digital media solutions to airlines, today announced that it has received Supplemental Type Certificate (STC) approval to install its Ku-band satellite connectivity system on Boeing 777 aircraft.

Beginning in January 2015, airlines can equip their B777 aircraft with GEE's connectivity system.

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Monday 22 December 2014

A.M. Best Affirms Ratings of Asia Capital Reinsurance Group Pte. Ltd and its Associated Companies



KUALA LUMPUR, Dec 22 (Bernama)-- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Asia Capital Reinsurance Group Pte. Ltd. (Asia Capital Re) (Singapore) (Malaysia) and of Asia Capital Reinsurance Malaysia Sdn. Bhd (ACRM) (Malaysia). A.M. Best has also affirmed the ICR of "bbb-" of ACR Capital Holdings Pte. Ltd. (ACR) (Singapore). The outlook for all ratings is stable.

Asia Capital Re's ratings consider its business profile and balance sheet strength. Since it started writing business, Asia Capital Re has grown its franchise across the Asia Pacific region. Supported by relationships with key cedents, its gross premiums have grown from USD 342 million in 2008 to USD 923 million in 2014. A capital injection after the 2011-12 catastrophe year, helped restore the company's risk-adjusted capitalization to a level that supports its ratings.

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Porto Seguro Begins GRC Journey With Nasdaq's BWise



KUALA LUMPUR, Dec 22 (Bernama) -- Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today that it has been selected by PortoSeguro, one of Brazil's largest insurance companies, to help support its new business risk management process. Porto Seguro will use BWise for Internal Audit, Internal Control, Compliance and Operational Risk Management as well as to support its new loss database for compliance with SuperintendĂȘncia de Seguros Privados (SUSEP), a local regulation institution for insurance companies.

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Nasdaq Positioned In Leaders Quadrant Of The First Ever Magic Quadrant For Operational Risk Management For Its BWise Solution



KUALA LUMPUR, Dec 22 (Bernama) -- Nasdaq (Nasdaq:NDAQ) announced today that it has been positioned as a Leader for its BWise solution, a global leader in Governance, Risk Management and Compliance (GRC) software, in Gartner's first Magic Quadrant for Operational Risk Management Report by John A. Wheeler and Paul E. Proctor, published on December 15, 2014. Seventeen companies across the globe were evaluated and positioned in the report based on their "completeness of vision" and "ability to execute."



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A.M. Best Affirms Ratings of ACR ReTakaful Holdings Limited and Its Subsidiaries



KUALA LUMPUR, Dec 22 (Bernama)-- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of ACR ReTakaful Berhad (ACR ReTakaful) (Malaysia) and ACR ReTakaful MEA B.S.C. (c) (ACR ReTakaful MEA) (Bahrain). A.M. Best has also affirmed the ICR ratings of "bbb-" of ACR ReTakaful Holdings Limited (United Arab Emirates). The outlook for all ratings is stable.

The affirmations for both ACR ReTakaful and ACR ReTakaful MEA consider the de-risking exercise on their underwriting portfolios and their plans to rebuild those with profitable, less volatile business. Stable investment results from the relatively large and prudently managed investment portfolios are expected to help offset both companies' high expense ratios during this period.

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A.M. Best Affirms Ratings of China Taiping Insurance (HK) Company Limited



KUALA LUMPUR, Dec 22 (Bernama)-- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of China Taiping Insurance (HK) Company Limited (CTPIHK) (Hong Kong). The outlook for both ratings remains stable.

The ratings reflect CTPIHK's excellent risk-adjusted capitalization, strong market presence in Hong Kong's non-life insurance market and consistent operating profits over the past five years.

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A.M. Best Affirms Ratings of Peak Reinsurance Company Limited



KUALA LUMPUR, Dec 22 (Bernama) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Peak Reinsurance Company Limited (Peak Re) (Hong Kong). The outlook of all ratings remains stable.

The ratings of Peak Re reflect its strong risk-based capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), and the experience of its senior management, particularly in underwriting reinsurance business. The ratings also recognize the company's diversified business lines and initiatives to improve underwriting profitability through expanding into North America and Europe.

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A.M. Best Affirms Ratings Of Sovereign Assurance Company Limited



KUALA LUMPUR, Dec 22 (Bernama) -- A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of "aa-" of Sovereign Assurance Company Limited (Sovereign) (New Zealand). The outlook for both ratings is stable.

The affirmations reflect Sovereign's strong business profile, supportive risk-adjusted capitalization and financial flexibility as part of the Commonwealth Bank of Australia (CBA) group.

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A.M. Best Affirms Ratings Of Sovereign Assurance Company Limited



KUALA LUMPUR, Dec 22 (Bernama) -- A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of "aa-" of Sovereign Assurance Company Limited (Sovereign) (New Zealand). The outlook for both ratings is stable.

The affirmations reflect Sovereign's strong business profile, supportive risk-adjusted capitalization and financial flexibility as part of the Commonwealth Bank of Australia (CBA) group.

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A.M. Best Affirms Ratings Of Cigna Life Insurance New Zealand Limited



KUALA LUMPUR, Dec 22 (Bernama) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Cigna Life Insurance New Zealand Limited (CLINZ) (New Zealand). The outlook for both ratings is stable.

The affirmation of the ratings reflects CLINZ's strong risk-adjusted capitalization, consistently positive operating results and high quality investment portfolio.

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Wednesday 3 December 2014

KVH to Offer 10Gbps and 100Gbps Backhaul Service for Shima Cable Landing Station



KUALA LUMPUR, Dec 3 (Bernama)-- KVH Co., Ltd., Asia's leading information delivery platform headquartered in Tokyo, Japan, announced a new backhaul service in Japan that connects Shima Cable Landing Station (CLS) (Shima City, Mie Prefecture) with Tokyo and Osaka through KVH's Ethernet backbone network. This new backhaul service, commercially available from December 15, 2014, will be offered in either 10Gbps or 100Gbps and augments KVH's existing portfolio of backhaul services from Chikura CLS and Toyohashi CLS. Through KVH's extensive domestic network, customers can extend these backhauls to reach 60+ major POPs and data centers across Japan.

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Halliburton's Indonesian Facilities First in Eastern Hemisphere To Receive API Q2 Certification



American Petroleum Institute presents certifications at OSEA 2014 in Singapore

KUALA LUMPUR, Dec 3 (Bernama) -- Two of Halliburton's Indonesian facilities - Badak Base Camp and Batam - received the American Petroleum Institute (API) Specification Q2 Certification, an advanced industry certification standard for oil and natural gas service companies. API recognized Halliburton at OSEA 2014 on Dec. 2. Rao Abdullah, Vice President for Halliburton's Asia Pacific Region, and Shannon Slocum, Halliburton's Vice President, Indonesia, accepted the certificates.

API Q2 is a risk-based quality management system approach that focuses on competency, service design, contingency planning, supply chain controls, preventive maintenance, inspection, service quality plans and management of change. The certification demonstrates an organization's commitment to exceed current generic quality management system standards.

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A.M. Best Special Report: Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by Value Creation



KUALA LUMPUR, Dec 3 (Bernama) -- The Asia-Pacific region has been a popular destination for mergers and acquisitions (M&As), driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best's Special Report titled, "Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by Value Creation." At the same time, a host of insurers in the region's advanced markets, with a need for diversification, have looked outside the region after gaining a good foothold in domestic markets.

The momentum of Asia-Pacific M&As continues to build, reflecting changes in local, regional and international underlying market fundamentals since the global financial crisis. A few sizable acquisitions were driven by some Western companies that had been negatively affected by the financial crisis and therefore needed to focus on core markets or lines of business by exiting Asia.

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SmartStream Acquires Fees & Expense Management Software from Credit Suisse, Enhancing Existing Product Offering



KUALA LUMPUR, Dec 3 (Bernama) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that it has acquired Credit Suisse's proprietary commission fees and expense management software. In combination with SmartStream's existing product offering, this will offer clients, including Credit Suisse, enhanced control and transparency into costs at each stage of the fee lifecycle, including execution analysis and optimisation, timely substantiation of invoices and daily accounting accruals and allocations.

Efficiencies will be driven by standardising the cost management ecosystem across all broker and provider fee formats and automating complex fee computations, discounts and rebates. These enhancements will enable the capture of cost-to-serve efficiencies and fee optimisation for all users.

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Malaysia Money Brokers Association Selects Bloomberg's FX Technology Platform



KUALA LUMPUR, Dec 2 (Bernama) -- Bloomberg today announced that the Malaysia Money Brokers Association, which comprises six licensed money brokers in Malaysia, has chosen Bloomberg as its primary platform for the dissemination of foreign exchange (FX) rates. Under this arrangement, live Malaysian ringgit (MYR) FX spot and forward prices quoted by the brokers will be made available on the Bloomberg Professional service starting today.

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Unum Therapeutics Announces Start Of First Phase I Clinical Trial Of Cellular Immunotherapy Targeting CD20+ Chronic Lymphocytic Leukemia And Non-Hodgkin Lymphoma



KUALA LUMPUR, Dec 2 (Bernama) -- Unum Therapeutics, a company developing a universal cellular immunotherapy to treat multiple cancers, announced today that recruitment has begun in the first clinical trial of the ATTCK20 therapy. The Phase I study will examine the feasibility, safety and potential efficacy of infusing the ATTCK20 combination therapy in patients with B-cell malignancies and persistent disease following standard therapy. The clinical program commences shortly after the company's official launch in October 2014.

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Parallel Wireless Reimagines Rural Cellular Coverage



Breakthrough Rural Micro Network Solution from Parallel Wireless Allows EE to Deploy LTE as Cost-effective and as Easy as Wi-Fi

KUALA LUMPUR, Dec 2 (Bernama) -- Parallel Wireless today announced that EE, the UK's largest mobile operator, has chosen the Parallel Wireless rural micro network solution for their rural wireless 4G rollout. This rollout will bring both voice and data services to more than 1,500 communities across the UK, and the technology can enable coverage in every hard to reach home, road, and village in the country. The innovative 4G wireless solution from Parallel Wireless brings 3G voice and data, and superfast 4G wireless broadband to underserved communities.

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InterCore's Driver Alertness Detection System ™ Now Available



DADS ™ to make driving safer

KUALA LUMPUR, Dec 2 (Bernama) -- InterCore, Inc. (OTC Pink:ICOR) ("InterCore") announces that DADS ™-the network-based Driver Alertness Detection System ™-is now available for purchase at DADS.SRGINT.com. Operating as a cloud-based service developed by InterCore's wholly-owned subsidiary SRG International, Inc., DADS is a real-time monitoring and warning system that can assist in preventing accidents caused by driver fatigue, lack of alertness, or distractions.

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Monday 1 December 2014

Toyota Hybrid Technology Takes World Endurance Championship - Toyota Thanks Fans for Support



KUALA LUMPUR, Dec. 1 (Bernama) -- Toyota Racing won both the Manufacturers and the Drivers categories of the 2014 FIA World Endurance Championship (WEC), a series of eight endurance races, including the renowned Le Mans 24 Hours event, held on international road racing circuits.

Toyota Racing expresses sincere gratitude to our fans for their encouragement and our partners for their support.

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AHF Global World AIDS Day Events Focus On Testing and Treatment



KUALA LUMPUR, Dec 1 (Bernama) -- PHOTO: For World AIDS Day, AHF will host over 160 events around the world to promote testing, treatment for HIV/AIDS; international commemorations will launch global campaign to connect twenty million HIV-positive people to treatment by the end of 2020. For more information, visit www.aidshealth.org/wad (Click on the "Worldwide Events" tab for list of international events.)

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