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McKay Brothers Receives Investment from IMC

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OAKLAND, Calif., GENEVA and PARIS /PRNewswire/ — McKay Brothers, a market leader in low latency networks, today announces an agreement with IMC, the technology-driven trading firm, that will support the continued growth of McKay’s successful network business.

Under the terms of the agreement IMC will take a minority stake in McKay, providing capital for the further improvement of McKay’s networks serving the latency sensitive trading community. Financial terms of the agreement were not disclosed.

Key elements are:

IMC makes a capital investment and acquires an equity stake
McKay maintains its independence under co-founders Stéphane Tyc and Bob Meade
McKay commits further investment to reduce latency to the physical limit in its key long haul routes
McKay continues to operate under its core business principles which include offering a level playing field and equal access to the lowest latency service for subscribers
Stéphane Tyc, McKay co-founder, said, “This agreement not only further strengthens our financial position, which will keep us ahead in terms of network speed and reach, and data coverage and quality, but, as importantly, maintains our autonomy. That’s great news for all of the trading firms that use our networks and for the industry as a whole.”

Bob Meade, McKay co-founder, added, “Our ability to attract financial backing from a firm with the industry standing and vision of IMC underscores our value to market participants. The agreement will facilitate further innovation and improvements to our networks.”

Arno de Quaasteniet, Global Head of Technology at IMC, said, “IMC supports McKay as it continues to innovate to remain at the forefront of the industry. As a strong, independent supplier, McKay plays a crucial role in ensuring equal and fair market access to liquidity providers. These are principles IMC shares.”

ABOUT McKay
McKay – through McKay Brothers, LLC, Quincy Data, LLC and other controlled affiliates – designs, builds and operates telecom networks and market data services for latency sensitive traders and risk managers of banks, funds and trading firms. Since upending the market for low latency connectivity between Chicago and NY in 2012, McKay has provided fair and equal access to its lowest latency services in the US, Europe and Asia. It has main offices in Oakland, CA and Paris, France. See http://www.mckay-brothers.com.

ABOUT IMC
IMC is technology-driven trading firm, active on over 100 trading venues around the world. Founded in Amsterdam in 1989, IMC was among the first to value the importance of technology and innovation in the evolution of market making. See http://www.imc.nl

Source: McKay Brothers
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Written by asiafreshnews

September 2, 2016 at 6:05 pm

Posted in Uncategorized

Calling All Students Ages 13-18 Years Old to Participate in Global Science and Math Video Contest

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-Breakthrough Prize “Junior Challenge” Opens Call for Original Science Video Submissions through October 10, 2016
-$400,000 in educational prizes to be awarded for an original student video bringing scientific and mathematical ideas to life
SAN FRANCISCO /PRNewswire/ — The Breakthrough Prize Foundation announced today the launch of its second annual Breakthrough Junior Challenge, a global student science and mathematics competition designed to inspire creative thinking about fundamental concepts in the life sciences, physics or mathematics.

“The Breakthrough Junior Challenge encourages the next generation of scientists and leaders to help us all see scientific principles in new, fresh ways,” said Breakthrough Prize co-founder Dr. Priscilla Chan. “We hope students from around the world will take part in the Breakthrough Junior Challenge, and I’m looking forward to seeing their incredible work. As we learned last year, these students’ unique perspectives and innovative thinking can teach us all about the importance of complex scientific principles in our daily lives.”

A video of Dr. Chan launching the Breakthrough Junior Challenge can be viewed here: Breakthrough Junior Challenge Launch Video.

Students ages 13-to-18 from countries across the globe are invited to create original videos (up to five minutes in length) that illustrate a concept or theory in the life sciences, physics or mathematics. The submissions will be judged on the students’ ability to communicate complex scientific ideas in the most engaging, illuminating, and imaginative ways. The deadline for submissions is October 10, 2016. Students must register to participate at http://www.breakthroughjuniorchallenge.org.

One winner will be recognized and awarded a $250,000 scholarship. The science teacher who inspired the winning student will win $50,000. The winner’s school will also receive a state-of-the art science lab valued at $100,000.

New this year, the Breakthrough Junior Challenge will incorporate a “Popular Vote” contest. All semifinalist videos will be posted for public viewing on the official Breakthrough Prize Facebook page, and the video that receives the most “likes” will be declared the “Popular Vote” top scorer. The “Popular Vote” top scorer will receive automatic placement into the finalist round, and will be in the running for overall challenge winner.

Last year’s winning submission was from 18-year-old Ryan Chester, of North Royalton High School, Ohio. Ryan’s video, titled “Some Cool Ways to Understand the Special Theory of Relativity and What It Means About Time,” explored Albert Einstein’s theory of special relativity and was noted by judges for its wit, clarity and creativity. The video had global appeal, and received close to four million online views. In September, Ryan will enroll at Harvard University.

“Winning the Breakthrough Junior Challenge changed my life, especially by opening up options for college. Originally, I was going to go to a state school in Ohio. That was the most affordable option. After winning the Challenge, any college became affordable. Now I am going to Harvard, which before I had never even considered,” said Chester. “My advice to current participants would be to definitely do your research. Make sure you understand the topic better than you need to. And add any kind of humor.”

In 2015, the competition received more than 2,000 qualified applications from a total of 86 countries, including the United States, India, Mexico, Canada, the United Kingdom, Australia, China, Japan, the United Arab Emirates, Saudi Arabia, Brazil, Thailand, Turkey, Vietnam, Norway, France, Israel, and Peru.

“The Breakthrough Junior Challenge is unlike any other student competition in the world, and the overwhelmingly positive responses demonstrated during its inaugural year prove just that,” said Breakthrough Junior Challenge judge, author and educator Lucy Hawking. “More than 2,000 students submitted truly unique and thoughtful videos, and I cannot wait to see what the next class comes up with. I am so delighted to see the progress of last year’s winner, Ryan Chester, and am very excited to see what this year’s entrants produce. I’m honored to once again join the judging panel.”

This year’s Breakthrough Junior Challenge winner will be recognized at the Breakthrough Prize awards ceremony in Silicon Valley. The winning student and his or her teacher will be announced and the first-place film will be presented during a nationally televised show, details of which will be announced at a later date.

“When students are challenged to create videos that make important scientific and mathematical concepts clear, relevant and engaging to the general public, science overall becomes more accessible to everyone. And this helps demystify the notions around who can and should be “doing science,” said Dr. Mae Jemison, science literacy expert, former astronaut, and Principal, 100 Year Starship, an independent global initiative to ensure that the capabilities for human travel beyond our solar system to another star, exist within the next 100 years. “I am particularly excited to be a judge for the Breakthrough Junior Challenge since accessibility, inclusion and demystification of the sciences are fundamental to my longstanding commitment to improving science education and literacy.”

The short-listed video submissions will be reviewed by Breakthrough Prize laureates and other leaders in science, technology, and education from partner organization The Khan Academy. In addition to creating and producing their own video entries, students will also have the opportunity to participate in the peer-to-peer scoring of fellow students’ submissions.

“We’re proud to partner with the Breakthrough Prize on the Breakthrough Junior Challenge again this year,” said Khan Academy founder Sal Khan. “Creating a clear and engaging video explanation of a complex concept is a great way to demonstrate mastery and to help others understand and love the subject too.”

Breakthrough Junior Challenge is funded by Mark Zuckerberg and Priscilla Chan, and Yuri and Julia Milner, through the Breakthrough Prize Foundation, based on a grant from Mark Zuckerberg’s fund at the Silicon Valley Community Foundation and a grant from Milner Global Foundation.

Breakthrough Junior Challenge is a global initiative to develop and demonstrate young people’s knowledge of science and scientific principles; generate excitement in these fields; support STEM career choices; and engage the imagination and interest of the public-at-large in key concepts of fundamental science.

The Breakthrough Prize
Founded in 2012 by Sergey Brin and Anne Wojcicki, Yuri and Julia Milner, and Mark Zuckerberg and Priscilla Chan, the Breakthrough Prize is an annual award honoring outstanding achievements in life sciences, physics and mathematics. The prize aims to celebrate scientists and generate excitement about the pursuit of science as a career. Laureates of each prize are chosen by the respective Selection Committee comprised of previous recipients of the prize. In November 2014, two of its founders, Yuri Milner and Mark Zuckerberg, announced the New Horizons in Mathematics Prize for up-and-coming mathematicians, to run alongside the existing New Horizons in Physics Prize.

For more information on the Breakthrough Prizes: http://www.breakthroughprize.org.

Partners

The Khan Academy is a 501(c) 3 nonprofit on a mission to provide a free, world-class education for anyone, anywhere. We believe that students of all ages should have free, unlimited access to the best educational content and that they should be able to consume and master this content at their own pace. In addition, we believe that there are incredible opportunities to use intelligent software development, deep data analytics, and intuitive user interfaces to more effectively present these educational resources to students and teachers around the world. Our content library covers a wide range of topics, from kindergarten to early college math, biology, chemistry, physics, economics, finance, and history. We have over 37 million registered students and have delivered over 700 million lessons and 4.85 billion exercise problems. For further information, visit http://www.khanacademy.org.

The Breakthrough Prize Lab for the winning student’s school is designed by and in partnership with Cold Spring Harbor Laboratory (CSHL). Established in 1890, CSHL has shaped contemporary biomedical research and education. Its New York campus boasts 1100 faculty, students and employees and hosts over 12,000 visiting scientists each year for world-renowned conferences and courses. CSHL’s DNA Learning Center is the world’s largest provider of student lab instruction in molecular genetics and teacher training. Materials and methods developed by the DNA Learning Center are accessible for free through more than 20 award-winning educational websites. The Laboratory’s education arm also includes an academic publishing house, a science policy think tank and a graduate program in biological sciences. Visit http://www.cshl.edu.

The Breakthrough Junior Challenge has also partnered with National Geographic to help reach science and math enthusiasts, educators, and students around the globe. The National Geographic Channels US are a joint venture between National Geographic and Fox Cable Networks. The Channels contribute to the National Geographic Society’s commitment to exploration, conservation and education with smart, innovative programming and profits that directly support its mission.

Contact
For more information, including competition rules, video submission guidelines and queries,
go to: http://www.breakthroughjuniorchallenge.org.

Source: Breakthrough Prize
Related Links:
http://www.breakthroughprize.org

Written by asiafreshnews

September 2, 2016 at 5:57 pm

Posted in Uncategorized

Sequa Petroleum N.V. – Condensed Consolidated Interim Financial Statements as at 30 June 2016

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LONDON /PRNewswire/ —

Sequa Petroleum N.V.’s Condensed Consolidated Interim Financial Statements as at 30 June 2016 are now available to download from the company’s website and are also attached to this announcement.

Contacts:

Jacob Broekhuijsen – CEO
+44(0)203-728-4450 or info@sequa-petroleum.com

Source: Sequa Petroleum N.V.

Written by asiafreshnews

September 2, 2016 at 5:54 pm

Posted in Uncategorized

DHL Express Opens Expanded Auckland Airport Facility to Cater to Significant Growth in International Trade

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— New facility represents a NZ$15.3 million (EUR9.9 million) investment and doubles processing capacity following double digit volume growth

SINGAPORE /PRNewswire/ — DHL Express, the world’s leading international express services provider, has opened an expanded Auckland Gateway at the airport to better support businesses operating in and out of New Zealand following significant growth in international trade.

DHL Express opens expanded Auckland Airport facility to cater to significant growth in international trade
DHL Express opens expanded Auckland Airport facility to cater to significant growth in international trade

The new NZ$15.3 million (EUR9.9 million) facility is part of the company’s global investments to bolster network connectivity and employs approximately 130 people, including 20 new jobs.

As the company’s major international hub in New Zealand, the expansion follows double digit volume and shipment growth.

The new Auckland Gateway facility measures approximately 5,000 square meters and doubles the processing capability of the previous facility. This provides access to a network of more than 220 countries and territories globally, allowing Kiwi importers and exporters to trade in the global marketplace more efficiently than ever before.

Ken Lee, CEO, DHL Express Asia Pacific, commented: “International trade via imports and exports now comprises approximately 60 per cent[1] of New Zealand’s overall economic activity and is growing. DHL Express is proud to facilitate trade for local businesses via our international network that connects New Zealand with over 220 countries and territories globally.

“The most popular trading partners for goods moving in and out of this Auckland-based facility include Australia, China, Hong Kong, Singapore, the UK and USA — with all trade lanes showing solid performance in recent months.”

The facility was officially opened by New Zealand’s Economic Development Minister, the Hon Steven Joyce, alongside senior company representatives with approximately 120 customers, partners and suppliers in attendance.

Commenting on the investment, Mark Foy, Country Manager, DHL Express New Zealand said: “It gives me great pleasure to open this expanded DHL Express Gateway, providing our customers and employees with a world-class processing facility at Auckland Airport. As an international logistics provider, we are committed to helping Kiwi businesses export and import products to facilitate global trade.

“A key driver for this expanded Gateway has been the growth in New Zealand SMEs shipping products internationally via DHL Express. This expansion will assist with volume increases from all areas of the country, as innovative Kiwi businesses continue to tap into the global marketplace and reach international customers like never before.”

In keeping with the company’s express delivery promise, new automated technologies have been installed to allow inbound and outbound freight to be processed twice as fast, moving from approximately 1,100 shipments per hour to 2,400. The new technology aims to reduce double handling, thereby maintaining the integrity of the shipment and increasing efficiency and throughput. Each shipment will only be handled twice during processing — once for unload and once for reload.

The TAPA ‘A’ rated facility also boasts several industry-leading features, including high speed reweigh machines for scanning shipments and telescopic extendable conveyors which improves productivity levels for unloading. To further enhance shipment security, the facility is equipped with 360-degree closed circuit televisions (CCTVs) which provide 24-hour monitoring services.

As part of DHL’s Environmental Protection Program — GoGreen, the company has installed environment-friendly technologies such as daylight sensor LED lighting, which will reduce carbon emissions by 65% (compared to traditional lighting solutions).

Mark Foy added: “The 2015 DHL Export Barometer indicated an increase in exporter confidence due to exciting opportunities offered by new markets and innovation. Exporters pointed to Asian and Pacific markets, especially China, as offering particular opportunities — with newer exporters, or those who have been exporting for one to five years, being the most optimistic. We share this optimism and our new Auckland Gateway is testament to this.”

Located at 16 Laurence Stevens Drive, Auckland Airport, this facility is adjacent to the company’s national head office.

[1]

https://www.mfat.govt.nz/en/trade/nz-trade-policy/

– End-

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 340,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 59 billion euros in 2015.

Photo – http://photos.prnasia.com/prnh/20160829/8521605424
Logo – http://photos.prnasia.com/prnh/20150811/8521505246LOGO

Source: DHL

Written by asiafreshnews

September 2, 2016 at 3:36 pm

Posted in Uncategorized

Hankook Tire and Real Madrid Today Officially Signed Their Contract of Global Partnership at Santiago Bernabéu Stadium

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MADRID /PRNewswire/ —

Hankook Tire President and Chief Marketing Officer Hyun Shick Cho and Real Madrid C.F. President Florentino Pérez today officially signed their global partnership contract. Valid from July 2016 with an initial duration period of 3 seasons, the partnership unites two global players – one in the tyre industry, the other in football. Adding 450 million Real Madrid fans from different global markets, the large scale partnership enables Hankook to strengthen its engagement and reach out to consumers around the world. Hankook and the 2016 UEFA Champions League winner are joined beyond their contract by a shared spirit of winning innovation in premium brand equity.

Both parties stress the importance of shared philosophy in partnership, believing that a shared philosophy and trust are the most crucial points when a partner for a large scale sponsorship is chosen. Hankook Tire, one of the global top-tier companies and Real Madrid promote the same mission; winning through innovation. The shared philosophy will enable both parties to achieve their goals. “Today, with the signage of our strategic partnership Hankook and Real Madrid take another stepping stone to enhance our reputation as premium brands,” said Mr. Hyun Shick Cho, Hankook Tire’s President. He added that “As one of the world’s best football clubs and one of the global top tire tyre producers we are both empowered to reach out to the global community with our shared culture of winning innovation in respective fields.” Hankook Tire is one of the global top 5 companies in the mass production of tyres and manufactures innovative, award winning radial tyres of proven superior quality for passenger cars, SUVs, RVs, trucks, buses and motorsports.

Pictures and video:
http://www.apassignments.com/multimedia-newsroom/partners/news-aktuell

Contact: Felix Kinzer, Director, tel.: +49(0)6102-8149-170, f.kinzer@hankookreifen.de

Source: Hankook Tire Europe GmbH

Written by asiafreshnews

September 2, 2016 at 11:11 am

Posted in Uncategorized

Mundipharma Named “2016 Best Employer Singapore”

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SINGAPORE /PRNewswire/ — Singapore-based pharmaceuticals company, Mundipharma, has been named Best Employer Singapore by AON Hewitt, a global leader in human resource solutions.

First awarded in Asia in 2001, AON Hewitt’s Best Employer Global Awards programme recognises companies that create competitive advantage through investment in people-focused initiatives that realise the potential of employees.

Mundipharma’s comprehensive entry highlighted its focus on building a cohesive employer brand, talent recognition and incorporating diversity as key factors underpinning its strong business performance and recognition as a best place to work.

“To grow your business you must first create a high-performance culture and nurturing environment where your people can grow,” said Raman Singh, President of Mundipharma Asia Pacific, Latin America the Middle East and Africa. “Our focus on creating a strong employer brand continues to contribute to our bottom line as we build a business people want to join, partner with and do business with.”

“We invest in our people and employer brand as a smart and effective business strategy not for awards,” said Mr Singh. “However, awards like this serve an important purpose in benchmarking best practice, acknowledging performance and shaping strategies for our next phase of growth,” he added.

Mundipharma’s investment in its employer brand has driven an array of positive metrics: Our employees are proud of working with us and this is demonstrated in the high employee referral rates: 71% of hires come via direct sourcing or employee referrals, up from 44% in 2015.

Against the market attrition rate of 18-20%, our voluntary regretted attrition is down from 22% in 2014 to 14.5% in 2015 and YTD 2016 is 6%.
Correspondingly, employee tenure has increased by 20%. Our employees believe in our vision, want to stay to deliver high performance and turn this vision to reality.
30% of the executive roles in Singapore were filled via internal promotions.
The proportion of employees exceeding performance expectations has increased from 33% in 2013 to 53% in 2015, which demonstrates a significant increase in the proportion of employees going above and beyond.
Mundipharma’s workforce is 63% female, including a 55% ratio among leadership.
19 different nationalities are represented at the Singapore office.
100% participation in wellness programmes with 75% of employees crediting the programme for improvements in quality of life, while medical leave and hospital claims have reduced
The Aon Hewitt Best Employers programme is the most comprehensive study of its kind in Asia Pacific, spanning 12 countries: mainland China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Australia and New Zealand. The study’s research methodology involves a rigorous process, conducted over a nine-month period that culminates in a solid, credible list of Best Employers.

Vikas Verma, Performance & Talent Practice Leader — Singapore, Aon Hewitt said, “We congratulate Mundipharma on being recognised as an Aon Best Employer — Singapore 2016. Having conducted the Aon Best Employers programme since 2001, it was enlightening for us to observe the exceptional standards Mundipharma achieved in employee engagement, performance culture, employer brand, and especially, effective leadership. Mundipharma also displayed mature HR practices, such as promoting growth in organisational competencies, learning & development, as well as high potential development.

About Aon Hewitt

Aon Hewitt empowers organizations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organizational and personal performance and growth, navigate retirement risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness. Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide. For more information on Aon Hewitt, please visit http://www.aonhewitt.com.

About Mundipharma

Mundipharma’s independent associated companies are privately owned entities covering the world’s pharmaceutical markets. Mundipharma is a prime example of a company that consistently delivers high quality medicines while standing by the values that represent the company. Our mission is to alleviate the suffering of patients and to substantially improve their quality of life. Mundipharma is dedicated to bringing to patients with severe and debilitating diseases the benefit of novel treatment options in fields such as pain, oncology, ophthalmology, respiratory disease, oncology supportive care and antiseptics.

For more information please visit: http://www.mundipharma.com.sg

Logo – http://photos.prnasia.com/prnh/20150302/8521501264LOGO

Source: Mundipharma
Related Links:
http://www.mundipharma.com.sg

Written by asiafreshnews

September 2, 2016 at 10:55 am

Posted in Uncategorized