Skip to content
Business Tabloid

Topic

Finance

310 stories

Finance

JLL Represents Scannell Properties, Manulife in $463 Mln Financing of New Industrial Product

Capital markets group JLL arranged $463 million in financing for a 13-property portfolio of investment management firm Manulife and commercial real estate dealer Scannell Properties for recapitalization, on Tuesday. The company said through Oxford Properties Group, JLL represents the borrowers, Scannell Properties and Manulife to secure financing, including properties located in eight major distribution markets […]

Matilda Denson1 min read
OneDegree
Finance

OneDegree Partners with Dubai Insurance for Digital Asset Insurance

The insurance firm OneDegree collaborated with its peer Dubai Insurance Co. on Monday to provide insurance for digital assets while supporting Web3 players in the United Arab Emirates (UAE) and the MENA region. The collaboration also aids clients in obtaining regulatory licenses in leading digital asset hubs across the world. The newly built partnership is […]

R Swathi1 min read
OPEC
Finance

OPEC Fund Agrees in New Financing of Over $600 Mln for Global Development

The development finance institution OPEC Fund for International Development approved more than $600 million in new development financing to advance sustainable social and economic development, on Thursday. The OPEC Fund said the new funds will support projects in transportation, health, education, and energy sectors, while also promoting climate action, and food security, and reinforcing international […]

Matilda Denson1 min read
insurance
Technology

Shory.com Partners with Al Ain Ahlia to Enhance Car Insurance Purchase

Insurtech firm Shory.com partnered with Al Ain Ahlia Insurance, on Wednesday, with an aim to combine Al Ain Ahlia’s insurance plan with Shory’s digital platform to provide car insurance solution to its customers. The firm said the deal was signed by Suliman Abdullah Alfallaj, co-founder of Shory and Mohd Mazhar Hamadeh, general manager of Al […]

R Swathi1 min read
Haier
Finance

Haier Smart Home Acquires Carrier’s Commercial Refrigeration for $640 Mln

Smart home appliance provider Haier Smart Home acquired Carrier Global’s wholly-owned subsidiary, Carrier Commercial Refrigeration in a deal valued at $640 million, on Wednesday. Haier said it will purchase 100% of the equity interests and assets in Carolin Holdings B.V. Carrier to acquire Carrier’s commercial refrigeration business. The company also said its objective through the […]

Matilda Denson1 min read
TMX
Finance

TMX Group Agrees to Acquire VettaFi for $848 Mln

Multi-asset class exchange firm TMX Group agreed to acquire about 78% of digital distribution and analytics company VettaFi Holdings’ remaining common equity for $848 million, on Wednesday. TMX, earlier in January, acquired nearly 22% of VettaFi’s common equity for $175 million. Also, John McKenzie, chief executive of TMX Group and Rajarathinam, operating chief joined VettaFi’s […]

Matilda Denson1 min read
Guardian
Finance

Guardian Announces $1.40 Bln Dividend Allocation for 2024

Financial service provider Guardian Life Insurance Company of America, on Tuesday, said its board approved a dividend allocation of $1.40 billion to its participating policyholders in 2024, while increasing its dividend interest rate (DIR) to 5.90%. The firm has shown a consistent increase in its DIR, where in 2022, it was 5.75%, and rose to […]

R Swathi1 min read
Cigna
Finance

Cigna Group Updates Share Repurchase of $10 Bln

Global health company, Cigna Group to acquire an increase of $10 billion in incremental share repurchase authorization, bringing the company’s total share repurchase authority to $11.3 billion, on Sunday. The company said it expects to include repurchasing at least $5 billion of shares between now and the end of the first half of 2024, with […]

Matilda Denson1 min read
CDB Aviation
Finance

CDB Aviation Engage into Inaugural Sustainability Linked Loan for $625 Mln

Aerospace component manufacturer China Development Bank (CDB) Aviation, on Thursday, said it is entering in a sustainability linked loan (SLL), which is secured through $625 million syndicated term loan facility. The facility secured, a week ago, was financed by a group of mandated lead arranger (MLA) banks, which includes Crédit Agricole Corporate and Investment Bank, […]

R Swathi1 min read
IWBI
Finance

Fitch Group Acquires Bixby in Stock Deal

Financial information service provider, Fitch Group acquired of research and analytics Bixby Research and Analytics by purchasing all the remaining stock on Tuesday. The acquired firm will be wholly owned subsidiary of Fitch Solutions and will be managed by CreditSights, said the firm. Additionally, Bixby will be incorporated into CreditSights’ leveraged finance product suite, which […]

R Swathi1 min read
IWBI
Finance

Nuvei Partners with Microsoft for Global Payments

Canadian finance firm Nuvei and tech giant Microsoft partnered to improve payment experiences for their customers of its products, solutions, and services across its key markets on Monday. The fintech company said its knowledge and functions will benefit Microsoft as the tech firm consumes Nuvei’s customizable payment technology in the Middle East and the African […]

Matilda Denson1 min read
IWBI
Finance

Cetera Holdings Acquires Avantax for $82.3 Bln in Assets

Subsidiary of Cetera Financial Group, Cetera Holdings acquired financial serviced provider Avantax Inc, on Monday. The firm said the deal comprises of 3,111 financial professionals, representing $82.3 billion in assets under administration and $42 billion in assets under management, as of September 30. The acquisition of Dallas-based Avantax was approved by its 81% of the […]

R Swathi1 min read