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Capitalab launches “Capitalab FX, with CLS” for FX Forwards compression
LONDON, Dec. 4, 2020 /PRNewswire/ -- Capitalab, a division of BGC Brokers LP, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) group of companies, today announced a services agreement with CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions for the global foreign exchange (FX) market. Providing innovative and enhanced FX optimisation services to the marketplace, Capitalab's multilateral compression services will benefit from FX forwards and swaps data direct from CLS in all CLSSettlement-eligible currencies, enhancing the speed and efficiency of FX portfolio optimisation. "As highlighted by the Bank for International Settlements' most recent Quarterly Review, FX market systemic risks are growing, leading to an increasing need for multilateral optimisation and risk-reduction techniques," said Gavin Jackson, Capitalab's London-based co-founder. "We are delighted to consolidate our presence in FX through our services agreement with CLS, which will enable previously unexplored possibilities. Combining Capitalab's multi-product technology with CLS data allows us to offer the market new FX solutions and unique optimisation of several risk metrics, including notional, margin and counterparty risks," commented David Bachelier, Capitalab's Singapore-based co-founder. Keith Tippell, Global Head of Product at CLS said, "CLS settlement members continue to focus resources on optimization and risk mitigation. Our unique
Together for climate protection: Lufthansa Cargo and DB Schenker start first CO2-neutral freight flights
SHANGHAI, Dec. 4, 2020 /PRNewswire/ -- 30 November 2020, a cargo flight successfully completed a round trip for the first time in commercial aviation, whose fuel requirements were completely covered by Sustainable Aviation Fuel (SAF). This first CO2-neutral freight flight is made possible by a cooperation between DB Schenker and Lufthansa Cargo. The logistics service provider and the air freight company will transport goods from Siemens Healthineers AG, among others, on this flight. DB Schenker and Lufthansa Cargo are committed to sustainable air transport and agreed in November 2020 to exchange views on environmental issues and to jointly promote them - including the move away from fossil fuels in air freight transport. "We are already further ahead than many think when it comes to climate protection in air freight. We can demonstrate this with the first CO2-neutral freight flight in history," says Jochen Thewes, CEO of DB Schenker. "With the start of the 2021 summer flight schedule, DB Schenker will offer greenhouse gas-neutral air freight as a regular product. As a logistics provider, DB Schenker is the link between the loading industry and the airlines in order to actually implement climate protection in air freight. I am convinced that there
China spacecraft is returning to Earth with moon samples in a first for the...
The Long March 5 rocket carrying Chang'e 5 is seen on the launch pad at the Wenchang Space Launch Site on Hainan. The 8.2-tonne Change 5 probe, which consists of a lander, an ascender, a service module and a return capsule, is the sixth mission of the Chinese lunar exploration programme Change. The goal of the mission is to collect lunar soil and rock samples from Oceanus Procellarum and bring them back to the Earth. If successful, Change 5 will be the first sample-return mission since the 1976. Alexei Ivanov | TASS | Getty Images GUANGZHOU, China — A Chinese spacecraft carrying lunar samples has blasted off from the moon and is preparing to come back to Earth. It's the first time China has launched a spacecraft from an extraterrestrial body and the first time it has collected moon samples. If the moon samples make it back to Earth, China will be only the third country in the world to retrieve lunar samples after the efforts by the U.S. in the 1960s and the Soviet Union in the 1970s. At 23:10 p.m. Beijing time on Thursday, the
Full Truck Alliance Group Makes Inroads into the Intra-city Freight Market with Acquisition of...
SHANGHAI, Dec. 4, 2020 /PRNewswire/ -- On November 24, Full Truck Alliance, an intelligent transportation platform in China, announced it secured $US1.7 billion in the latest round of funding to expand its freight business from inter-city to intra-city and branded the service as Yunmanman. In June 2019, Tianjin Manyun Software Technology Co., Ltd., a subsidiary of the Full Truck Alliance Group, increased its investment in Guangzhou SS Return Truck Infotech Co., Ltd., brand owner of SS Return Truck (also known as "ShengSheng Huitouche"). In August 2020, 100 percent of SS Return Truck's shares were transferred to Tianjin Manyun Software Technology Co., Ltd. SS Return Truck mainly provides customers with intra and inter-city pickup, delivery, housing relocation and other short-to-medium-haul freight hauling services. With the acquisition of this brand, its founding operation team, network resources, and intra-city business will be integrated into the Yunmanman brand, enabling Full Truck Alliance to expand into the intra-city freight business. At present, Full Truck Alliance has piloted its intra-city freight service in two cities. Its daily orders have exploded since its launch two months ago, which exceeds four digits on a daily basis; and average order feedback time is as short as only nine seconds while
U.S. reportedly in talks with Huawei CFO on deal to send her back to...
Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada November 16, 2020. Jennifer Gaulthier | Reuters GUANGZHOU, China — The U.S. government is in talks with Huawei's chief finance officer, Meng Wanzhou, about a deal that could see her released back to China from Canada if she admits wrongdoing in the case against her, the Wall Street Journal reported, citing people familiar with the matter. Lawyers for Meng have spoken to officials at the U.S. Department of Justice in recent weeks about entering a so-called deferred prosecution agreement, the WSJ said. More discussions are scheduled for this week with the aim of striking a deal before the end of the Trump administration, the report added. The Department of Justice was not immediately available for comment when contacted by CNBC. Huawei declined to comment on the WSJ report. Meng was arrested in Vancouver, Canada in December 2018. The U.S. charged Meng and Huawei with bank and wire fraud in violation of American sanctions on Iran and has been seeking her extradition. The U.S. alleges that Meng lied
