ACN Newswire
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As Mentor by eDriving Passes 3.5 Billion Miles Driven, Analysis Confirms Program’s Ability to Reduce Risky Driving Behaviors

indie
7 minutes

CAPE MAY, NJ, Jan 26, 2023 - (ACN Newswire via SEAPRWire.com) - eDriving's digital driver safety program, Mentor(SM), featuring the FICO(R) Safe Driving Score, helps risky drivers become safer behind the wheel in just six months - and further improves behaviors over longer periods of time - according to findings from an analysis of the program. The analysis was performed after the program reached the milestone marking 3.5 billion miles driven in Spring 2022. The eDriving study identified the initial risk level of active[1] business drivers using the Mentor app (i.e., Very High Risk, High Risk, Medium Risk, Low Risk or Very Low Risk[2]), based on their first month's FICO Safe Driving Score - a score derived from smartphone-based driving behavior telematics. It then measured progress[3] over periods of six months, 12 months, and 18 months of using the app.Over a six-month period, those initially categorized as Very High Risk or High Risk experienced up to a 51% increase in their FICO Safe Driving Score, moving them up into the Medium Risk category. Over a longer period of 18 months, those initially categorized as Very High Risk or High Risk experienced an even greater average increas...

ACN Newswire

Fosun International Expects One-off Negative Impact to be Cleared and Businesses to Bound Back in 2023

indie
7 minutes

HONG KONG, Jan 21, 2023 - (ACN Newswire via SEAPRWire.com) - On 20 January 2023, Fosun International Limited ("Fosun International" or "Fosun", HKEX: 00656) issued a profit warning announcement on the Hong Kong Stock Exchange, mentioning that based on the information available to the Board and the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2022, Fosun International's revenue in 2022 is expected to increase by approximately 10% compared to that of 2021. However, due to the recurrent outbreak of COVID-19 pandemic in 2022 and the turmoil and downturn of the international capital markets, which resulted to an increase in business costs and an increase in floating losses in secondary capital market investment, Fosun International's overall industry operations and industrial investment have been affected to varying degrees, thus the profit attributable to owners of the parent in 2022 is expected to be not more than approximately RMB2 billion.The announcement also pointed out that with the gradual return to normalization of international trade and commerce in 2023, the Company's management expects to see recovery of its businesses. Lookin...

ACN Newswire

Fosun Receives RMB12 Billion Syndicated Loan to Consolidate Capital for Business Development

indie
5 minutes

HONG KONG, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - On 16 January 2023, Fosun High Technology, the domestic operating entity of Fosun International Limited ("Fosun International", HKEX: 00656), and eight domestic banks held a syndicated loan signing ceremony at the Bund Finance Center, Shanghai. According to the agreement, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications as joint lead banks, and China Minsheng Bank, the Export-Import Bank of China, and Shanghai Pudong Development Bank, and as participating banks will jointly form a syndicate to provide Fosun High Technology a loan totaling RMB12 billion.It is reported that this is the largest private enterprise loan led by five major state-owned banks in cooperation with policy banks and joint-stock banks since the Central Economic Work Conference explicitly proposed in mid-December last year to encourage and support the development of the private economy and private enterprises.The market is generally in the view that the syndicated loan is not only of great significance to Fosun, but it also plays a positive role in improving public ex...

ACN Newswire
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兆科眼科的合作伙伴Vyluma发表用于治疗儿童近视加深的NVK002之第III期CHAMP临床试验的正面研究结果

tallulah
2 minutes

HONG KONG, Oct 28, 2022 - (亚太商讯 via SEAPRWire.com) - 致力于眼科疗法的研发、生产及商业化，以满足巨大医疗需求缺口的领先眼科制药企业兆科眼科有限公司（「兆科眼科」或「本公司」; 香港联交所股份代号： 6622） 欣然宣布，公司的合作伙伴Vyluma Inc. （「Vyluma」），一家拥有多种屈光不正治疗产品的生物制药公司，发表了其针对儿童加视加深的第III期临床研究「CHAMP」的首要结果。 经过三年的治疗和跟进，这项多中心、国际性的试验的研究分析表明，NVK002作为儿童近视加深的潜在治疗方案，具有强健的安全性和有效性。 CHAMP的研究结果已于10月27日在加州圣地亚哥举行的美国视光学会年会上进行了口头汇报。 Vyluma创始人、董事长兼首席执行官Navneet Puri博士表示：「CHAMP是迄今为止规模最大、时间最长、及具安慰剂对照的前瞻性儿童近视研究。我们对第一阶段的试验结果感到备受鼓舞。近视是一种日益严重的全球流行眼疾，威胁着数以百万计的儿童，对他们将来的视力产生严重影响，惟近视目前还没有获监管机构批准的药物治疗方案。我们正在对数据进行分析，从而评估全面结果，但目前得到的首要结果，清楚刻划了近视控制的一个重要里程碑，标志着一个潜在的、更有希望的新时代即将到来。」由 Vyluma研发的NVK002，是一款具有专利配方、试验性、低剂量兼不含防腐剂、每晚使用的阿托品滴眼液。NVK002以一种新的低剂量兼不含防腐剂的配方，运用人们熟知的特性良好的治疗剂——阿托品，帮助解决以药物控制近视的迫切需求。CHAMP是一项在美国和欧洲进行的三臂、随机、双盲及安慰剂对照的III期临床研究，试验对象数目达近600名3至17岁的儿童和青少年。该研究包括两个阶段：（1）完成三年的治疗期，以评估NVK002的安全性和有效性；（2）及之后入组患者将重新随机进行为期一年的单盲治疗，以归纳停止疗程的特征。与安慰剂组相较，使用0.01%阿托品剂量组患者在所有关键结果测量上，包括缓解者分析（responder analysis）、平均等效球面度数（SER）、在第36个月时与基线相较的平均眼轴长度等，都显示出具统计与临床意义上的差异。0.02%阿托品剂量亦在许多时间点上展现疗效，包括在第36个月时达成统计上显著的平均眼轴长度变化。缓解者分析结果在36个月时无统计显著性。两种浓度的NVK002都表现出与安慰剂相似的强健的安全性和耐受性，没有发生眼部严重不良反应（SAEs）。非眼部严重不良反应（SAEs）的发生率和因非眼部严重不良反应（SAEs）而停药的情况在各治疗组中相似。最常见的眼部不良反应有充血、畏光、过敏性结膜炎、眼部瘙痒症和眼部刺激症状。视光学博士、美国眼科视光医学会会员、Optometry and Physiological ...

JCN Newswire
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JAEA and MHI Commence Demonstration Program for Hydrogen Production Using a High Temperature Engineering Test Reactor

ruth
4 minutes

TOKYO, Apr 28, 2022 - (JCN Newswire via SEAPRWire.com) - Achieving carbon neutrality by 2050 will require decarbonization in the energy sector, as well as such industries as steelmaking and transportation. The utilization of hydrogen energy is expected to play a significant part of this effort, and the Japanese government has included the establishment of elemental technologies for hydrogen production in its Green Growth Strategy.Fig. HTTR-Hydrogen Production Test FacilityThe Japan Atomic Energy Agency (JAEA), a national research and development agency, and Mitsubishi Heavy Industries, Ltd. (MHI), have been contracted by the Agency for Natural Resources and Energy, part of the Ministry of Economy, Trade and Industry (METI), to conduct its Hydrogen Production Demonstration Project Utilizing Very High Temperature, and from this fiscal year initiated a program to produce hydrogen using a High Temperature Engineering Test Reactor (HTTR). Under this program, a newly built hydrogen production plant will be connected to an HTTR owned by JAEA, with the aim of proving the technology for hydrogen production utilizing the high temperature heat obtained from the HTTR. The determination of spec...

SeaPRwire

High West Capital Partners Ranks as One of the Best Lender/Financing Companies in Singapore

pandora
2 minutes

Best Lending/Financing Companies and Startups in Singapore (2021) – High West Capital Partners Singapore – A recent article showcasing the best Singapore-based lending/financing companies selected High West Capital Partners for its exceptional performance and established brand. The Daily Finance article author stated, “These startups and companies are taking a variety of approaches to innovating the Lending//Financing industry.” Best Lending/Financing Companies and Startups in Singapore (2021) by Daily Finance (df.media) These are the Best Lending/Financing Companies and Startups in Singapore (2021) High West Capital Partners is a leading private investment firm based in Singapore and Hong Kong. Over the last 20 years, it has established itself as a significant force in South America, Europe, and the Asia Pacific, focusing on global structured finance and special situations. The firm’s primary objective is to provide immediate funding to clients who need liquidity. About High West Capital Partners High West Capital Partners provides custom liquidity solutions to institutional investors, mutual funds, family offices, publicly listed companies, corporate officers, and directors. It p...

SeaPRwire
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High West Capital Partners to Establish Taiwan Equity Base

aseanpr
3 minutes

Following on from Increased Partnership Growth in the Asian Equities Market, High West Capital Partners is Now Establishing a Foothold in Taiwan Singapore, March 16, 2022 - (SEAPRWire) - High West Capital Partners is a leading private investment firm based in Singapore and Hong Kong. Over the last 20 years, it has established itself as a significant force in South America, Europe, and the Asia Pacific, focusing on global structured finance, and special situations. The firm's primary objective is to provide immediate funding to clients who need liquidity. Now they plan on implementing their strategic success in Taiwan. High West Capital Partners' management commented on the company vision to be "committed to funding small and mid-cap companies, often overlooked by larger institutions, to achieve their capital needs and goals. Our proprietary structures can provide the liquidity requirements that companies, management, and shareholders may face in the global equity and debt markets. They can secure funding by HWCP onshore in local currency or offshore to overcome financial hurdles in a timely manner." Commenting on the firm's international expansion, High West Capital Partners stated ...

SeaPRwire

US inflation surges to 30-year high; likely to get worse, say economists

elean
5 minutes

WASHINGTON (BLOOMBERG) - After US prices climbed by the most in three decades, there's even worse news ahead for households and policy makers: Inflation likely has further to rise before it peaks. October's annual rate was 6.2 per cent, the highest since 1990, as price increases spread well beyond the parts of the US economy most disrupted by pandemic closures. Key drivers, like hot housing markets and a global energy crunch, show few signs of fading away soon - leading economists to predict even bigger jumps in the coming months. "We're going to see the inflation picture get worse before it gets better," said Sarah House, senior economist at Wells Fargo & Co. She doesn't expect much relief before next spring. For the Federal Reserve, and President Joe Biden, that likely seems a long way off - and pressure for a change of policy course will ratchet up in the meantime, as calls to rein in pandemic support grow louder. 'Tipping Point' Surging prices are eating into family budgets, wiping out the wage increases that US workers have battled for after last year's jobs wipeout, and squeezing profit margins for small businesses. The Fed has already begun to back away from the case it's be...

SeaPRwire

Wall Street ends sharply lower after inflation hit 30-year high

elean
2 minutes

NEW YORK (AFP) - United States shares fell sharply on Wednesday (Nov 10) after consumer inflation hit a 30-year high, and as investors headed for the exits after a streak of gains over the last few weeks. While some analysts said a decline was to be expected, the inflation data loomed large. The US consumer price index (CPI) surged 6.2 per cent in the 12 months ended last month, a 30-year high coming amid rising oil, auto and housing prices, according to Labour Department data. The benchmark Dow Jones Industrial Average dropped 0.7 per cent to finish the day at 36,079.94, and the broad-based S&P 500 fell 0.8 per cent to 4,646.71. The tech-rich Nasdaq Composite Index sank 1.7 per cent to end at 15,622.71. The CPI spike added to concerns that supply bottlenecks, along with shortages of key components and workers, will lead to persistent inflation, despite assurances from Federal Reserve Chair Jerome Powell that the pressures will fade. Some economists think the central bank will have to be more aggressive to contain prices, pulling back more quickly on its bond buying programme and potentially raising the key borrowing rate multiple times next year. Ms Maris Ogg of Tower Bridge Advis...

JCN Newswire
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FERROVIENORD and Hitachi Rail Sign Contract for 50 High Capacity Trains

ruth
3 minutes

MILAN, Nov 4, 2021 - (JCN Newswire via SEAPRWire.com) - FERROVIENORD and Hitachi Rail STS SpA signed the third supply contract for 50 high capacity "Caravaggio" regional trains for the amount of 451,850,000 euro, within the 2018 Framework Agreement. 40 trains are in long configuration (5 cars) and 10 in short configuration (4 cars). With previous contracts other 55 high capacity trains have been ordered: 30 in short configuration (21 already delivered and in revenue service) and 20 in long configuration (start of deliveries December 2021) in addition to 5 "Rock" trains (these are in revenue service).LOMBARDY REGION PLAN - The signing of this third supply contract is part of the Lombardy Region Plan for fleet renewal that sees a total of 222 new trains for an overall investment of 1.958 billion euro: 1.607 billion euro of the plan were approved in 2017 and updated in 2019 (176 trains, out of which 105 high capacity) and integrated with the deliberation dated 17th March 2021 for further 351 million euro, for the purchase of further 46 trains; 26 high capacity "Caravaggio" trains (10 in long configuration for Malpensa airport shuttle service and 16 in short configuration for Bergamo a...

SeaPRwire

Does high inequality lower interest rates?

elean
5 minutes

(NYTIMES) - The Federal Reserve's low interest rate policies and other steps meant to boost the economy are driving the value of stocks and other assets to the moon and thus are a major cause of high wealth inequality. New evidence suggests high inequality is the cause, not the result, of the low interest rates and high asset prices evident in recent years. That is a provocative implication of new research by Dr Atif Mian of Princeton, Dr Ludwig Straub of Harvard and Dr Amir Sufi of the University of Chicago. The research looks at two leading explanations: the demographic effects of the baby boom generation's accumulation of retirement savings and the effects of higher inequality, given the fact that rich people save a larger share of their income than the middle class and the poor. They found that the role of higher inequality was far more important than that of demographics. It's not that the high earners increased their savings rates. Rather, they were winning a bigger piece of the economic pie; by the researchers' calculations, the share of income going to the top 10 per cent of earners rose to more than 45 per cent in recent years, up from about 30 per cent in the early 1970s....

SeaPRwire

Market rides on economic recovery, but tech stays tepid

elean
1 minute

SINGAPORE - Another week and another high for Wall Street stocks despite confusing Fedspeak and taper tantrums. The Dow closed at 35,515.38 last Friday, for a 306.87-point gain for the week. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire
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River Valley High School death: Early investigations suggest axe bought online, says Shanmugam

aseanpr
2 minutes

SINGAPORE - After a 16-year-old River Valley High School student was charged with murdering a schoolmate three years his junior on Tuesday morning (July 20), Law and Home Affairs Minister K. Shanmugam posted about the incident on Facebook, calling it "one of the worst things that can happen to parents". "It's completely shocking because safety is assumed and normally (in Singapore anyway) assured," he wrote. "The attacker is also a young boy, (16), he has been charged today. As (the Attorney-General's Chambers) told the court, there is some history of mental health issues." Preliminary investigations suggest the 16-year-old had purchased the axe online, he said. "But we will know the full facts only after investigations are completed." The police had said on Monday that they had seized an axe at the school. The minister added: "We all grieve with the parents of the boy who was killed. It's difficult to even describe the true extent of their grief." The 16-year-old appeared in court via video link on Tuesday morning at about 10am and was accused of murdering the 13-year-old at a level four toilet in the school between 11.16am and 11.44am on Monday. The accused cannot be named as he ...