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Bankruptcies buck insolvency trend as alternative solution gains momentum

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Media release 3 March 2025   Bankruptcies buck insolvency trend as alternative solution gains momentum   Bankruptcies are defying the broader surging insolvency trend, driven by low unemployment, rising property values, and a lenient stance from the big-four banks, while interest in Personal Insolvency Agreements – a viable alternative to bankruptcy – grows, reports  business … Continued

AM Best Affirms Credit Ratings of FMG Insurance Limited

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SINGAPORE–BUSINESS WIRE– AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of FMG Insurance Limited (FMGIL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect FMGIL’s balance sheet strength, which AM Best assesses as very strong, as well as … Continued

Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

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VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is partnering with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment, to distribute up to 100,000 meals to individuals in need during Ramadan. This initiative targets vulnerable communities … Continued

Allianz Achieves Record Operating Profit of 16.0 Billion Euros

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New Share Buy-Back of up to 2 Billion Euros Announced MUNICH–BUSINESS WIRE– February 28, 2025 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227046273/en/ Oliver Bäte, Chief Executive Officer of Allianz SE (Photo: Allianz SE) 12M 2024: Total business volume rises 11.2 percent to 179.8 billion euros Operating profit increases by 8.7 percent … Continued

Australian Superannuation Investment Summit in the United States concludes

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Attributed collectively to representatives of the superannuation funds, investment managers and peak organisations attending the Superannuation Investment Summit in Washington and New York, listed above The Australian Super Summit has been an important opportunity to position and build awareness of Australia’s superannuation pool of savings. It has been a bid to create new investment opportunities for … Continued

LTR Pharma to Present SPONTAN® Clinical Results at Major Upcoming Urological Conference

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LTR Pharma Limited (ASX:LTP) (“LTR Pharma” or “the Company”) is pleased to announce that its Chief Scientific and Clinical Advisor, Professor Eric Chung, will present pivotal SPONTAN® clinical trial data at the Urological Society of Australia and New Zealand (USANZ) Annual Scientific Meeting in Perth, from 1 to 4 March 2025. Highlights 470% Faster Absorption: … Continued

New Banking Code of Practice takes effect

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The new Banking Code of Practice comes into effect today, marking an important milestone in the industry’s commitment to providing important protections for customers. The updated Code, which was approved by ASIC in June 2024, strengthens protections for customers in certain areas, particularly for people experiencing vulnerability, and reinforces the commitment of banks to responsible … Continued

Riyadh International Disputes Week 2025 Concludes, With a High Turnout of Participants From 82 Countries

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RIYADH, Saudi Arabia–BUSINESS WIRE– Riyadh concluded the 2nd edition of the Riyadh International Disputes Week (RIDW25) with a significant international turnout of more than 4.8 thousand attendees from 82 countries. With more than 87 specialized legal events, RIDW25 featured 470 renowned local and international speakers, who came together to explore the latest global trends shaping … Continued

Rimini Street Announces Fiscal Fourth Quarter and Annual 2024 Financial and Operating Results

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Fourth Quarter Financial Highlights Include: Revenue of $114.2 million, up 1.9% year over year Gross margin of 63.7% compared to 61.0% in the prior year Billings of $172.1 million, up 7.1% year over year LAS VEGAS–BUSINESS WIRE– Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading … Continued