Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

JPMorgan Sees Growth Potential in India and Japan, Eyes Southeast Asia Amid China Plus One Strategy

As a result of the "China Plus One" policy, JPMorgan is bullish about investment prospects in Japan and India. The company is also keeping an eye on S

As a result of the "China Plus One" policy, JPMorgan is bullish about investment prospects in Japan and India. The company is also keeping an eye on Southeast Asia. JPMorgans CEO for Asia Pacific, Sjoerd Leenart, emphasised Indias development potential and said the bank is improving its operations by investing in technology and hiring more bankers. He sees a 30% increase in JPMorgans commercial banking division, focusing on midsized Indian businesses. However, for India to fully benefit from the "China Plus One" approach, he underlined the necessity of fortifying its industrial environment. With favourable lending rates, corporate activity is rising in Japan and creating new opportunities. Leenart also talked about the banks growing footprint in China and its intentions to participate in Southeast Asias $3 trillion economy despite its fragmentation. Read More..

B2B Tech News | 1 years ago        

BNP Paribas Boosts Assets to Over €40 Billion with HSBC Private Banking Acquisition

BNP Paribas has announced that it has acquired the German private banking division of HSBC to grow into the wealth management space. BNP Paribass asse

BNP Paribas has announced that it has acquired the German private banking division of HSBC to grow into the wealth management space. BNP Paribass assets under management would reach over €40 billion $44.64 billion following the purchase, which is anticipated to be completed in the second quarter of 2025. BNP CEO Vincent Lecomte said the purchase would strengthen the banks standing as a significant participant in private banking throughout the eurozone. The action above is consistent with HSBCs recent emphasis on Asia and its endeavours to optimise its operations by disengaging from many Western markets, such as the United States, France, and Canada, to concentrate on its fundamental competencies. Read More..

B2B Tech News | 1 years ago        

Vietnam and U.S. Firms Forge Strategic Partnerships in Energy, AI, and Data Centers

As the Vietnamese government revealed, multiple Memorandums of Understanding MoUs have been inked by American and Vietnamese companies to work togethe

As the Vietnamese government revealed, multiple Memorandums of Understanding MoUs have been inked by American and Vietnamese companies to work together on energy, AI, and data centre development. The agreements were finalised during a business forum in the United States. They include a partnership on AI and data centres between Sovico Group and Supermicro, an LNG cooperation between PetroVietnams PTSC and Excelerate Energy, and an energy technology transfer agreement between PetroVietnam and Kellogg Brown & Root. Vietjet has further signed a $1.1 billion deal with Honeywell Aerospace Technologies to ensure avionics and technical services for its fleet. At the meeting, Vietnamese President To Lam asked to be recognised as a market economy and pledged to encourage US investment in his country. Read More..

B2B Tech News | 1 years ago        

Samsung Display to Invest $1.8 Billion in New OLED Factory in Vietnam

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehi

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehicles and other devices. The building will be next to a Samsung electronics plant in the Bac Ninh provinces Yen Phong industrial zone. Samsung Vietnams General Director Choi Joo Ho and Prime Minister Pham Minh Chinh met and decided to make this investment, bringing Samsungs total investment in Bac Ninh to $8.3 billion from its present $6.5 billion. Vietnam has emerged as a significant electronics production hub in the last ten years, thanks to $22.4 billion in investments from Samsung, which has six manufacturing facilities and a research and development facility there. Read More..

B2B Tech News | 1 years ago        

South African Rand Weakens Slightly, Still Up 1.3% for the Week Amid Rate Cuts

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had a

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had at the previous close. Despite the decline, the South African Reserve Bank and the U.S. Federal Reserve lowered interest rates this week, which helped the rand gain 1.3% versus the dollar. Local inflation also dropped to 4.4%, the lowest since April 2021. Due to profittaking, currency expert Andre Cilliers stated that the rand may stay around the R17.40/R17.70 area shortly. Analysts anticipate more rate reductions from the SARB, but if combined with fundamental economic improvements, they shouldnt have a detrimental effect on the rand. In the meantime, the Top40 index of the Johannesburg Stock Exchange ended the day mostly unaltered. Read More..

B2B Tech News | 1 years ago        

Qualcomm Explores Potential Acquisition of Struggling Intel Amid Industry Turbulence

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, includ

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, including Intels PC design business, Qualcomm CEO Cristiano Amon is actively participating in these first conversations. There is currently no official offer in place. With the announcement, Qualcomms stock dropped 2.9% while Intels increased 3.3%. The United States, China, and European regulators may scrutinise a prospective merger closely for antitrust violations, and Qualcomm may be forced to sell off portions of Intel. With Qualcomms cash reserves of around $13 billion and Intels valuation of $122 billion, financing such a deal would be complex. Intel is shifting its focus to contract manufacturing and AI to regain its competitive advantage. Read More..

B2B Tech News | 1 years ago        

RBA Reforms Hit Another Roadblock as Greens Demand Interest Rate Cuts

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing th

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing the bill. The Greens urged the RBA to drop rates during its next decision, stating they would only pass Labors RBA changes once they were. Due to the ongoing inflation, officials have indicated that a rate decrease this year is unlikely, and the RBA has kept rates at 4.35% since November. The opposition has criticised the planned reforms, citing concerns about possible political influence, especially creating a distinct governing board. After calling the Greens proposals "economically irresponsible," Finance Minister Katy Gallagher shelved the reform legislation and maintained the status quo policymaking framework. Read More..

B2B Tech News | 1 years ago        

Chinas Central Bank Conducts First 14Day Cash Supply in Months Amid Liquidity Concerns

Through open market operations, the Peoples Bank of China PBOC, the countrys central bank, has added 234.6 billion yuan $33.29 billion to the banking

Through open market operations, the Peoples Bank of China PBOC, the countrys central bank, has added 234.6 billion yuan $33.29 billion to the banking system, the first 14day cash supply in months. This action comes with a lower interest rate of 1.85%, down from 1.95%, and is intended to preserve sufficient liquidity before the October 1 National Day festivities. The PBOC typically uses 14day repos over extended vacation periods, so analysts see this funding operation as a regular step rather than a significant policy easing. Amidst persistent deflationary pressures and difficulties in promoting development, the banks policies have sparked speculation of more monetary easing in the upcoming months. On Tuesday, senior banking regulators will have an uncommon joint press conference. Read More..

B2B Tech News | 1 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   13721   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   11122   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   11445   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   11282   

5.  Approximately 8 billion gadgets connect on the internet every day.
   14394   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.