EXR to be stable preservation digital asset for global businesses

KUALA LUMPUR, Aug 5 (Bernama) -- EXR Foundation Limited and a stellar consortium of partners will launch EXR, a new stable digital asset, to be governed by a Libra-like association.

EXR aims to bridge industries of blockchain and traditional finance, acting as a safe capital preservation asset that would help businesses hedge against looming international trade conflicts.

The alliance of established technology companies, telecoms players, payment gateways, high-tech manufacturers, non-governmental organisations and more will oversee the EXR foundation which is tasked with the final design of EXR and to roll out the solution.

EXR is set up so that any company will be able to accept the digital asset and build wallets collectively that can be used by businesses of all sizes and types, in much the same way as how Bitcoin organically attracted wallet providers and exchanges.

However, EXR is a much more open platform where participants will be able to propose and implement rules and tech protocols in an open voting structure.

EXR also aims to simplify the relationship between demand and supply of goods and services with a stable means of transaction.

Customers and merchants can trade stress-free, secure in the knowledge that EXR‘s value stays consistent with that of major fiat currencies at all times.

More details at https://www.exr.org/

-- BERNAMA

CHICAGO BOOTH EXECUTIVE EDUCATION ADDS MORE GLOBAL FLEXIBILITY TO ADVANCED MANAGEMENT PROGRAM

CHICAGO, Aug 2 (Bernama-BUSINESS WIRE) -- The University of Chicago Booth School of Business Executive Education is adding more flexibility to one of its most popular programs for senior executives, giving top business leaders the option to complete an elective in Chicago and in Asia.

Starting with the October 2019 cohort, Chicago Booth will offer senior executives enrolled in the Advanced Management Program the flexibility to choose to attend two of the many two-day-long programs at Booth’s Hong Kong campus in order to fulfill one elective requirement. This addition allows executives to complete the program around the globe with more personalization.

http://mrem.bernama.com/viewsm.php?idm=35142

​FORMER TATA COMMUNICATIONS' DIRECTOR JOINS SIMO CORPORATION AS CEO OF IOT & B2B BUSINESS UNIT

SAN FRANCISCO, Aug 1 (Bernama-BUSINESS WIRE) -- SIMO Corporation, the parent company behind Skyroam (http://www.skyroam.com/), a leading portable WiFi device brand, announces the establishment of a new IoT & B2B business unit, with Ludovic Lassauce, former head of mobile and Internet of Things in the Asia-Pacific region for Tata Communications, appointed as CEO. Following SIMO Corporation’s strategy to become the reference open connectivity platform (PaaS) for IoT devices, the new business unit will enable any 3^rd party devices with its virtual eSIM™ technology that is already serving over 10 million Skyroam WiFi users globally.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190731006139/en/

Since the beginning of IoT, the industry has ushered in waves of new innovative companies, from startups to larger enterprises such as Amazon, Google or Microsoft. However, the growth of IoT remained slow due to the fragmentation of different complex layers of services to be integrated together including hardware, software to cloud, and global connectivity. According to Ericsson Mobile Trend Report, by 2025 the number of Internet of Things connections will reach 13.8 billion, and all these new devices will increase the need to be always connected to a myriad of Internet content and applications.

http://mrem.bernama.com/viewsm.php?idm=35132

Ingredion Incorporated reports Q2 2019 results

KUALA LUMPUR, Aug 2 (Bernama) -- Ingredion Incorporated, a global ingredient solutions provider to diversified industries, has reported its results for the second quarter 2019.

Second quarter and year-to-date net sales were down from the year-ago period, driven by unfavourable foreign currency impacts and planned Stockton HFCS as well as industrial starch volume shed.

At June 30, total debt and cash and short-term investments were US$2.1 billion and US$301 million, respectively, versus US$2.1 billion and US$334 million, respectively, at December 31, 2018. (US$1=RM4.15)

The decrease was primarily due to the timing of changes in working capital and recent acquisitions and investments.

Meanwhile, net financing costs were US$16 million, making US$9 million lower in the second quarter from the year-ago period which resulted from foreign exchange gains lapping losses.

Reported and adjusted effective tax rates for the quarter were each 29.6 per cent compared to 31.4 per cent and 30.5 per cent, respectively, from the year-ago period.

The decrease resulted from the relative lower valuation of the Mexican peso impacting the US dollar denominated balances in Mexico. This was partially offset by a change in earnings mix and other factors.

The company recorded US$156 million for capital expenditures, down US$4 million from the year-ago period.

More details on the results at https://www.ingredionincorporated.com

-- BERNAMA

SANOFI DELIVERED SOLID GROWTH IN Q2 2019

SANOFI DELIVERED SOLID GROWTH IN Q2 2019

Zynga announces Q2 2019 financial results

KUALA LUMPUR, Aug 1 (Bernama) -- Zynga Inc has released its financial results for the second quarter ended June 30, by posting the management’s Q2 2019 Quarterly Earnings Letter to its Investor Relations website.

The company management will also host a conference call at 2pm Pacific Time (5pm Eastern Time) to discuss the results.

Zynga is a global leader in interactive entertainment games, available in over 150 countries and are playable across social platforms and mobile devices worldwide.

Access the letter at http://investor.zynga.com/financial-information/quarterly-results and conference call at http://investor.zynga.com

-- BERNAMA

GTARCADE'S HUNGER HEROES GAMING MARATHON IS HERE

SHANGHAI, July 29 (Bernama-BUSINESS WIRE) -- YOOZOO Games is limbering up for an epic gaming marathon next month, as gamers all over the world get ready to turn their on-screen efforts into meals; all in support of the World Food Programme’s (WFP) fight against hunger in some of the world’s most vulnerable regions.

Gaming fans will get to enjoy exclusive gameplay features and events during the week-long initiative; by joining in they will be helping to raise crucial funding for the World Food Programme. The premise is simple: the more you play, the more YOOZOO donates. #GTarcadeHungerHeroes is a call from GTarcade to experience, to share and to make more people aware of the existence of hunger — participating in fun, charitable activities that will aid WFP in their mission to reach a world with zero hunger.

http://mrem.bernama.com/viewsm.php?idm=35089