Financial News from Business Wire

  • Japan Hosts 42nd Annual G7 Summit Meeting in Ise-Shima Business Wire - 2 hours 43 minutes ago

    ISE-SHIMA, Japan--(BUSINESSWIRE)-- The 42 nd G7 Summit, hosted by Japan, was held in Ise-Shima, Mie Prefecture, May 26 – 27, 2016. This Smart News Release features an interactive multimedia capsule. View ...

  • Celanese Announces Acetic Acid Price Increase in China Business Wire - Sat, May 28, 2016 8:00 AM AEST

    DALLAS--(BUSINESSWIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, will increase list and off-list selling prices for the following product in view of recent ...

  • ASEAN Automotive Outlook 2016 - ASEAN to be the Fifth-Largest Automotive Market in 2016 - Research and … Business Wire - Sat, May 28, 2016 4:24 AM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "2016 ASEAN Automotive Outlook" report to their offering. This research service discusses in detail the Automotive ...

  • A.M. Best Downgrades Ratings of DTRIC Insurance Company, Limited Business Wire - Sat, May 28, 2016 3:49 AM AEST

    HONG KONG--(BUSINESSWIRE)-- A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit ratings to “a-” from “a” of DTRIC Insurance Company, Limited (DTRIC) and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. The rating downgrades reflect the continued deterioration in the company’s risk-adjusted capitalization over the past three years, as measured by Best’s Capital Adequacy Ratio, and the historical volatility in its operating performance. The ratings reflect the implicit and explicit support provided by its major shareholder, Aioi Nissay Dowa Insurance Company Limited (ADI), which owns approximately 75% of DTRIC’s shares.

  • A.M. Best Affirms Ratings of MS&AD Insurance Group Holdings, Inc.’s Main Operating and U.S. Subsidia … Business Wire - Sat, May 28, 2016 3:44 AM AEST

    HONG KONG--(BUSINESSWIRE)-- A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI) and Aioi Nissay Dowa Insurance Company Limited (ADI) (both domiciled in Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the ICR of “a-” of ADI’s subsidiary, Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China). Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and the ICRs of “aa” of Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and Aioi Nissay Dowa Insurance Company of America (ADIA).

  • A.M. Best Affirms Ratings of Product Care (NZ) Limited Business Wire - Sat, May 28, 2016 3:27 AM AEST

    SINGAPORE--(BUSINESSWIRE)-- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Product Care (NZ) Limited (PCL) (New Zealand). The ratings of PCL mainly reflect the company’s consistently strong operating performance. PCL’s operating performance is strong as demonstrated by a return on equity of approximately 15%.

  • Special Building Materials Market in Indonesia: Business Report 2016 - Research and Markets Business Wire - Sat, May 28, 2016 3:16 AM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Special Building Materials Market in Indonesia: Business Report 2016" report to their offering. The report presents ...

  • Gypsum Market in Japan: 2016-2020 Review - Research and Markets Business Wire - Sat, May 28, 2016 3:13 AM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Gypsum Market in Japan: 2016-2020 Review" report to their offering. The report brings together facts and figures ...

  • Growing Demand from APAC Predicted to Drive the Global Displays Market Through 2020, Says Technavio Business Wire - Sat, May 28, 2016 2:20 AM AEST

    LONDON--(BUSINESSWIRE)-- Technavio research analysts are forecasting positive growth for many segments of the global displays market over the next four years as several related markets, including large area LCD displays, AMOLED displays, and heads-up display, will likely witness an increase in revenues. The formation of UHD alliances is the primary growth driver for large area LCD vendors. During 2015, supply chain members of the global UHD TV market announced the formation of a UHD Alliance to support innovative technologies including 4K and higher resolution, high dynamic range, immersive 3D audio, and wider color gamut.

  • Expansion of the E-commerce Sector to Propel the Logistics Market Through 2016-2020, According to Te … Business Wire - Sat, May 28, 2016 1:00 AM AEST

    LONDON--(BUSINESSWIRE)-- Technavio research analysts are forecasting positive growth for many segments of the logistics market over the next four years as several markets including the logistics market in APAC, the logistics market in Europe and the 3PL market in the US, will witness an increase in revenues. Technavio’s market research analysts predict the logistics market in APAC to grow at an impressive CAGR of more than 13% over the forecast period.

  • China Blood Testing (Typing, Immunoassay, NAT Testing) Market Report 2016 - Research and Markets Business Wire - Sat, May 28, 2016 12:24 AM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Blood Testing Market in China (Typing, Immunoassay, NAT Testing)" report to their offering. With a population ...

  • Asia Pacific In-Vitro Diagnostic Testing Services Market Trends and Forecasts 2016-2019 - Research and … Business Wire - Fri, May 27, 2016 11:47 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "In Vitro Diagnostic Testing Services Market Trends and Forecasts 2016-2019 - Asia Pacific" report to their offering. ...

  • Wine Lovers in China Will Soon Experience Wine Without Removing the Cork Business Wire - Fri, May 27, 2016 11:30 PM AEST

    BURLINGTON, Mass.--(BUSINESSWIRE)-- CORAVIN, Inc., maker of the Coravin™ Wine Systems, which allow users to drink wine without removing the cork, today announced that Coravin will soon be available across China. In a partnership with leading fine wine importer, Summergate Fine Wine and Spirits, wine enthusiasts across the fast emerging wine market in China will be able to enjoy wine by-the-glass to taste and savor wine like never before. As we continue to see global momentum around the growth of wine by-the-glass programs, we’re excited to share the system with consumers in China and are thrilled to partner with Summergate for this launch,” said Frédéric Levy, president and CEO of Coravin, Inc.

  • Asia Pacific Clinical Laboratory, Molecular Diagnostics and Genomic Testing Services Market 2016 to 2019 … Business Wire - Fri, May 27, 2016 11:27 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Clinical Laboratory, Molecular Diagnostics and Genomic Testing Services Market Trends and Forecasts 2016 to 2019 - ...

  • China Refining & Products Market Report 2016-2025 - Analysis, Technologies & Forecasts Report - Research … Business Wire - Fri, May 27, 2016 11:07 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "China Refining and Products Market Outlook to 2025 - Supply, Demand Forecasts of Gasoline, Diesel/Gasoil, Jet/Kerosene, ...

  • Contour Like a Professional with YouCam Makeup's New Makeover Feature Business Wire - Fri, May 27, 2016 11:00 PM AEST

    NEW YORK--(BUSINESSWIRE)-- Perfect Corp. is excited to introduce one-touch facial contouring on the YouCam Makeup app. The brand has brought the secret weapon of celebrities, models, and every other perfectly sculpted face you see on YouTube, to virtual reality in an effort to help you further perfect your selfie. The new facial contouring feature allows users to sculpt, highlight, and define their face like a professional makeup-artist, all with the touch of a button.

  • Billion Exhibits Revolutionary M2M/IoT and Smart City Solutions at Computex Taipei Business Wire - Fri, May 27, 2016 11:00 PM AEST

    TAIPEI, Taiwan--(BUSINESSWIRE)-- Billion Electric Co. Ltd., the leading provider of network equipment and power supply in Asia Pacific, will exhibit at Computex, the most iconic ICT tradeshow in Asia, ...

  • Eros International Announces Indian Subsidiary Results Business Wire - Fri, May 27, 2016 10:35 PM AEST

    MUMBAI, India--(BUSINESSWIRE)-- Eros International PLC (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that it has released consolidated financial ...

  • Takeda Receives Positive CHMP Opinion for ADCETRIS® (brentuximab vedotin) as Consolidation Treatment … Business Wire - Fri, May 27, 2016 10:30 PM AEST

    CAMBRIDGE, Mass. & OSAKA, Japan--(BUSINESSWIRE)-- Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human ...

  • South Korea's Defense Acquisition Program Administration to Host the 5th International Military Airworthiness … Business Wire - Fri, May 27, 2016 10:00 PM AEST

    SEOUL, South Korea--(BUSINESSWIRE)-- South Korea’s Defense Acquisition Program Administration (DAPA, Minister: Chang, Myoung-jin) announced that it will host the “2016 International Military Airworthiness Certification Conference (2016 IMAC)” in The Plaza Hotel in Seoul on May 30, 2016, with 400 international airworthiness experts from government, industries and academia. Airworthiness certification refers to a government system which validates and certifies the flight safety of aircrafts. South Korea became the first Asian country in 2010 to host a military airworthiness conference.

  • Takeda Provides Update on EU Marketing Authorization Application for NINLARO® (ixazomib) in Relapsed/Refractory … Business Wire - Fri, May 27, 2016 10:00 PM AEST

    CAMBRIDGE, Mass. & OSAKA, Japan--(BUSINESSWIRE)-- Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a negative opinion, recommending against the authorization of NINLARO® (ixazomib) capsules, an oral proteasome inhibitor for the treatment of patients with relapsed and/or refractory multiple myeloma. Takeda intends to appeal this opinion and request a re-examination by the CHMP. With the support of European key medical experts, we will continue our efforts working closely with the CHMP to make NINLARO – the first oral proteasome inhibitor – available for patients in Europe,” said Christophe Bianchi, M.D., President, Takeda Oncology.

  • Nick Lane promoted to CEO AXA Japan; Brian Winikoff joins AXA US as Head of US Life, Retirement and Wealth … Business Wire - Fri, May 27, 2016 9:00 PM AEST

    NEW YORK--(BUSINESSWIRE)-- AXA S.A., a global financial protection and retirement leader, announced today that Nick Lane, currently Head of AXA US Life and Retirement, has been promoted to CEO of AXA Japan effective July 1, 2016, subject to obtaining necessary regulatory approvals. Lane will report directly to incoming AXA Group CEO, Thomas Buberl. In announcing the promotion, Mark Pearson, CEO of AXA US said, “Nick has many great qualities as a leader and I have no doubt he will take AXA Japan to new heights.

  • Acer Clinches Eight Design & Innovation Awards from Computex and iF Design Business Wire - Fri, May 27, 2016 7:55 PM AEST

    TAIPEI, Taiwan--(BUSINESSWIRE)-- Acer has clinched eight Computex d&i (design and innovation) awards 2016 for a wide range of products across its portfolio. The awarded products are the Revo Build modular mini PC, Aspire One 11 notebook, Liquid Jade 2 smartphone, Liquid Jade Primo Desktop Kit, Predator Z850 gaming projector, K138STi portable projector, XR342CK gaming monitor, and RT240Y ultra-slim monitor. The Computex d&i awards are hosted by Computex Taipei and organized by the world-renowned design institute iF International Forum Design.

  • Four Day Project Financial Modelling Programme - Singapore - August 22-25, 2016 - Research and Marke … Business Wire - Fri, May 27, 2016 6:36 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Project Financial Modelling (Singapore - August 22-25, 2016)" conference to their offering. Today, Financial Modelling is uniquely challenging. Therefore, this course is designed to help delegates build a financial model to best practice standards for project finance.

  • Advanced Oil & Gas Accounting Course - Singapore, October 18-21, 2016 - Research and Markets Business Wire - Fri, May 27, 2016 6:35 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Advanced Oil & Gas Accounting (Singapore - October 18-21, 2016)" conference to their offering. Despite the large volume of information available to assist with the interpretation of IASB standards, there is relatively little guidance tailored to the needs of the Oil and Gas industry. In particular, this course will demonstrate and illustrate both how the IASB's standards apply to the unique accounting issues in the Oil and Gas sector, together with those controversial areas with little or no guidance from the IASB.

  • Myanmar Implements Intelsat Satellite Solutions to Advance 2G and 3G Wireless Network Infrastructure … Business Wire - Fri, May 27, 2016 6:00 PM AEST

    LUXEMBOURG & SINGAPORE--(BUSINESSWIRE)-- Intelsat (NYSE:I - News), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced today that the Ministry of Transport and Communications (MOTC) of Myanmar will utilize services on two Intelsat satellites to advance the deployment of the country’s wireless communications infrastructure, and expand broadband access for businesses. The multi-year, multi-transponder agreement awarded under the authority of the MOTC will allow the Government of Myanmar to significantly enhance the Myanmar government’s network as well as other mobile operators’ networks, hastening the expansion of high speed broadband and internet connectivity to business and communities throughout Myanmar.

  • Wave of “AI” Reach Content Industry – Featured Area “AI world” to Be Held Inside CONTENT TOKYO 2016 Business Wire - Fri, May 27, 2016 3:22 PM AEST

    TOKYO--(BUSINESSWIRE)-- Special exhibit area “AI world” to be launched inside CONTENT TOKYO 2016 “AI world”, an area gathering the most latest & innovative AI technologies, is going to be held inside CONTENT ...

  • PerkinElmer Opens Customer Knowledge Center in Taiwan Business Wire - Fri, May 27, 2016 3:00 PM AEST

    TAIPEI, Taiwan--(BUSINESSWIRE)-- PerkinElmer, Inc. held an opening ceremony for its new Taipei Customer Knowledge Center (CKC) located in Neihu District, Taipei City on May 27. President of PerkinElmer’s Environmental Health business, Jon DiVincenzo, as well as Vice President and General Manager of Global Sales and Service, Nam-Hoon Kim, hosted more than 70 guests from the environmental, chemicals and semiconductor testing industries and academia, along with PerkinElmer representatives from the Asia-Pacific region. This new Taipei CKC is a relocation and expansion of PerkinElmer’s presence in Taiwan, where it has been present for more than 25 years.

  • Acer Unleashes the Potential of “BeingWare” at Computex 2016 Business Wire - Fri, May 27, 2016 2:02 PM AEST

    TAIPEI, Taiwan--(BUSINESSWIRE)-- Acer today announced that it will showcase its BeingWare™ vision, which encompasses vertical business models with intelligent connected devices, at Computex 2016. The “Things” or devices not only require a reliable communication link to the cloud, which Acer’s BYOC™1 platform provides, but also integration with services, empowering BeingWare applications to provide user-centric services and solutions that know, serve, and grow with the user. To help accelerate the development of connected cars, Acer announced abMax01, a new car IoT module which acts as a gateway to the cloud.

  • Taro Provides Results for Year Ended March 31, 2016 Business Wire - Fri, May 27, 2016 8:33 AM AEST

    HAWTHORNE, N.Y.--(BUSINESSWIRE)-- Taro Pharmaceutical Industries Ltd. (NYSE:TARO) (“Taro” or the “Company”) today provided unaudited financial results for the quarter and year ended March 31, 2016. Quarter ...

  • Global Tablet Industry Report 2016-2020 - Analysis, Technologies & Forecasts - Key Vendors: Acer, Amazon, … Business Wire - Fri, May 27, 2016 7:34 AM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets has announced the addition of the "Development Trends of the Worldwide Tablet Industry, 2016 and Beyond" report to their offering. After five years ...

  • Wipro Annual Report 2016 on Form 20-F Available Online for ADS Holders Business Wire - Fri, May 27, 2016 7:31 AM AEST

    BANGALORE, India & EAST BRUNSWICK, N.J.--(BUSINESSWIRE)-- Wipro Limited (NYSE:WIT - News) today announced that it has filed its Annual Report on form 20-F for the year ended March 31, 2016 with the U.S. Securities and Exchange Commission on May 26, 2016 (U.S. time) and will furnish the same to its American Depository Shares (ADS) holders on its website in lieu of physical distribution. The financial statements included in the Annual Report on Form 20-F for the year ended March 31, 2016 have been prepared in accordance with the International Financial Reporting Standards (IFRS) and is available through the Wipro Limited website at www.wipro.com. In accordance to New York Stock Exchange rules, physical and email copies of Wipro's Annual Report on Form 20-F will be made available, at no cost, to ADS holders upon request.

  • CEMEX Closes Bangladesh and Thailand Transaction Business Wire - Fri, May 27, 2016 7:30 AM AEST

    MONTERREY, Mexico--(BUSINESSWIRE)-- CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that it has closed the sale of its operations in Bangladesh and Thailand to SIAM CITY CEMENT PUBLIC COMPANY ...

  • First Westinghouse AP1000® Completes Cold Hydro Test at Sanmen 1 Business Wire - Fri, May 27, 2016 6:41 AM AEST

    BEIJING--(BUSINESSWIRE)-- The world’s first AP1000® nuclear power plant moved a step closer to commissioning with the completion of the cold hydrostatic test (CHT) at Sanmen Unit 1 in Zhejiang Province, China. The successful completion of CHT confirms that the reactor systems meet design pressures under operating and accident conditions and signifies the completion of the plant’s design and construction programs. “This test confirms that critical components within the reactor coolant system works as designed,” said Jeff Benjamin, Westinghouse senior vice president, New Plants and Major Projects.

  • CES Asia 2016 Sets New Standard Business Wire - Fri, May 27, 2016 6:31 AM AEST

    ARLINGTON, Va.--(BUSINESSWIRE)-- The second annual CES Asia™ shattered all expectations with more than 425 exhibitors from 23 countries, regions and territories showcasing the full breadth and depth of ...