Economy

CREDI Indicates Tightened Access to Debt for Property Companies

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as credit margins appear to rise in the future. ‘This year”s fourth CREDI survey appear to confirm a shift

CREDI Indicates Tightened Access to Debt for Property Companies

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as credit margins appear to rise in the future. ‘This year”s fourth CREDI survey appear to confirm a shift

CREDI Indicates Tightened Access to Debt for Property Companies

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as credit margins appear to rise in the future. ‘This year”s fourth CREDI survey appear to confirm a shift

Bilfinger and Egyptian Maintenance Company (EMC) Sign a Memorandum of Understanding to Deliver Advanced Maintenance and Modernization Solutions and Accelerate Growth

Strategic Cooperation to drive deployment of advanced maintenance, modernization and digitalization solutions Agreement to enhance both companies” growth opportunities in the country”s hydrocarbon, energy and industrial sectors Bilfinger, the engineering and industrial solutions powerhouse and Egyptian Maintenance Company, the country”s leading maintenance solutions provider signed a Memorandum of Understanding to establish a Strategic Cooperation aimed at positioning both Companies to accelerate growth in the maintenance and modernization.      (Photo: https://mma.prnewswire.com/media/799022/Bilfinger_EMC_01.jpg

Weatherford Receives Notice from NYSE regarding Continued Listing Standard

In accordance with applicable NYSE procedures, the Company plans to timely notify the NYSE that it intends to cure the $1.00 per share deficiency and has six months following the receipt of the noncompliance notice to cure the deficiency and regain compliance with the NYSE continued listing requirement. The notice has no immediate impact on the listing of the Company”s ordinary shares, which will continue to trade on the NYSE.

Weatherford Receives Notice from NYSE regarding Continued Listing Standard

In accordance with applicable NYSE procedures, the Company plans to timely notify the NYSE that it intends to cure the $1.00 per share deficiency and has six months following the receipt of the noncompliance notice to cure the deficiency and regain compliance with the NYSE continued listing requirement. The notice has no immediate impact on the listing of the Company”s ordinary shares, which will continue to trade on the NYSE.

The Increasing Use of Smart Devices is Driving the Global Mobile Payment Market Growth

FinancialBuzz.com News Commentary Mobile payment platforms have become widely popular around the globe as a result of their simplicity and accessibility. Consumers can just open their mobile devices and make, or transfer, payments in the palm of their hands. Many financial institutions have diversified themselves and launched mobile banking platforms for their consumers. Meanwhile, many retailers are adopting mobile payment solutions for ease of payment transactions, causing the industry to

Dutch Retailer HEMA to Accelerate Expansion in GCC

Acquisition of HEMA by Ramphastos to support growth strategy   Parties have announced that Ramphastos Investments (”Ramphastos”), the investment company of entrepreneur Marcel Boekhoorn, intends to acquire HEMA. With its new owner, HEMA can focus fully in the next few years on international expansion (incl. GCC), online growth, and improving profitability.       (Logo: https://mma.prnewswire.com/media/774176/HEMA_BV_Logo.jpg ) With Ramphastos as its new owner, HEMA will be able to fulfil its growth ambitions

Cobalt 27 Announces Upsized US$200 Million Credit Facility

Cobalt 27 Capital Corp. (‘Cobalt 27’ or the ‘Company’) (TSXV: KBLT) (OTCQX: CBLLF) (FRA: 27O), is pleased to announce that the Company entered into an amended and upsized revolving term credit facility (the ‘Amended Credit Facility’), whereby the Company will have access to a US$200 million credit facility which replaces its undrawn US$80 million credit facility announced on May 17, 2018. National Bank of Canada, Bank of Montreal and The Bank of Nova Scotia acted

Consortium Aims at Speeding up Adoption of Cryptocurrencies Backed Government Currencies

Financialnewsmedia.com News Commentary  Many do not know the fact that Cryptocurrency has been making news since the inception of the World Wide Web and recently has aimed to disrupt operations in the virtual world. According to an article published by CNBC, two of the largest cryptocurrency companies, Coinbase and Circle, are joining forces to establish more ground rules in the quickly evolving asset class. The start-ups announced a joint-venture known