Provided by Dow Jones
Apr 8, 2021 5:01 AM UTC ABB will launch on April 9, 2021 its previously announced follow-up share buyback program of up to $4.3 billion. Based on the current share price this represents a maximum of approximately 137 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 1,543,644. This follow-up program is part of ABB s plan to return $7.8 billion of cash proceeds from the Power Grids divestment to shareholders and is consistent with the company s capital structure optimization program. As announced previously, under the initial program ABB repurchased a total of 128,620,589 shares equivalent to 5.93 percent of its issued share capital at the launch of the program for a total amount of approximately $3.5 billion. ABB shareholders approved the cancellation of 115 million of these shares at ABB s 2021 Annual General Meeting (AGM).
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BIS to Doubles Down on Its Digital Currency Drive with CBDC Settlement PoCs
Jan 22 2021 · 13:40 UTC | Updated
Jan 22 2021 · 13:46 by Benjamin Godfrey · 3 min read
Bank for International Settlements, HQ in Basel. Photo: Depositphotos Share this article
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The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.
The Bank for International Settlements (BIS) is advancing its Central Bank Digital Currency (CBDC) drive by including the development of a CBDC Settlement platform as a Proof-of-Concept (PoC) in collaboration with its partner Central Banks. According to a Press Release by BIS, the CBDC settlement development program is part of the bank’s annual work program which also include a couple of innovative thematic priorities such as Suptech and Regtech, next generational Financial Market Infrastructures (FMIs), Open Finance, Cyber Security, and