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Singapore fintech firm MatchMove gets $100 mln funding

By Reuters Staff
1 Min Read
SINGAPORE, June 10 (Reuters) - Singaporean fintech company MatchMove Pay said on Thursday it had received a $100 million investment from U.S. based IT services provider Nityo Infotech Corp to support efforts to expand its presence to more markets.
MatchMove will be valued at $600 million following the deal and Nityo, which operates in 38 countries, will become its largest shareholder, the joint statement said. MatchMove helps companies embed digital financial services into their existing platforms or apps. It has regulatory approval to operate in six countries including India, Indonesia and Malaysia.
Its other investors include Singapore-listed Singapura Finance and Japan’s NTT Investment Partners. (Reporting by Chen Lin in Singapore Editing by Ed Davies)

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Italy's Marcolin extends license deal with Guess to 2030

Italy's Marcolin Group has renewed in advance an exclusive license agreement with U.S. apparel retailer Guess for the design, manufacture and sale of Guess and Marciano branded spectacles, the eyewear company said on Thursday.

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UPDATE 2-S.Africa's TFG plans tech hiring spree after sliding to a loss

* Firm holds back final dividend (Recasts with new tech hires, Jet standalone homeware stores)

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FACTBOX-Japanese companies opening COVID-19 vaccination sites amid slow national rollout

Major Japanese companies are set to open COVID-19 vaccination centres this month, as the country races to speed up inoculations before the start of the Tokyo Olympics in July.

Shiga , Japan , Mizuho , Hokkaido , Osaka , Tokyo , Saitama , Fukuoka , Kanagawa , Fukushima , Japanese , Shinji-kitamura

CORRECTED-Uruguay's DLocal valued at nearly $9 bln in Nasdaq debut

By Reuters Staff
(Corrects headline and paragraph 1 to say market capitalization of $9 billion, not $4.5 billion)
June 3 (Reuters) - Shares of DLocal Ltd leapt nearly 48% in their U.S. stock market debut on Thursday, giving the Uruguayan cross-border payments company a market capitalization of nearly $9 billion.
Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli

Uruguay , Bengaluru , Karnataka , India , Uruguayan , Shinjini-ganguli , Sohini-podder , Thomson-reuters-trust-principles , Dlocal-ltd , Reuters , Thomson-reuters-trust , Dlocal

UPDATE 2-South Africa's Mr Price resumes final dividend after strong H2

* FY Diluted HEPS up 1.9%, up 21.4% in H2
* Homeware benefited from home improvement trend
* Shares surge to two-year high (Recasts with dividend, adds shares, analyst and context)
JOHANNESBURG, May 27 (Reuters) - South Africa’s Mr Price said on Thursday it would pay a final dividend after full-year profit rose 1.9% on a strong second half and as it captured a bigger share of the market, pushing its shares to a two-year high.
South African clothing retailers were hit hard by COVID-19 lockdowns in April and May last year and the subsequent second wave of COVID-19 infections. Millions of job losses as a result of the pandemic also constrained discretionary spending.

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Poland to open shopping centres from May 4, hotels from May 8

Poland will reopen shopping centres on May 4, while hotels will be allowed to open and restaurants will be able to serve food outdoors from May 8, Prime Minister Mateusz Morawiecki said on Wednesday, as he presented plans to lift COVID-19 restrictions.

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European stocks up ahead of business activity data, Richemont shines

European stocks rose on Friday ahead of business activity data, as Swiss luxury goods maker Richemont rose following a proposal to double its dividend and automakers gained.

Germany , Bengaluru , Karnataka , India , United-kingdom , Switzerland , German , Swiss , Sruthi-shankar , Arun-koyyur , Thomson-reuters-trust-principles , Bmw

CORRECTED-BASF plans battery joint venture with China's Shanshan

German chemicals company BASF said it is setting up a joint venture with Chinese battery materials supplier Shanshan to manufacture a key component used in the lithium ion batteries that are in high demand thanks to the burgeoning market for electric cars.

Berlin , Germany , China , United-states , Ludwigshafen , Rheinland-pfalz , Shanshan , Hunan , Chinese , German , Thomas-escritt , Kirsti-knolle

Cambodia's garment workers struggle to pay debts as lockdown bites

After weeks without pay, it was debt that drove Cambodian garment worker Eang Malea back to her factory when it reopened this month, eclipsing her heightened fear of falling ill amid a surge of COVID-19 cases on factory floors.

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