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Brazil’s Central Bank Expands Dollar Auction to $3B Amid Market Volatility

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volat

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volatile market conditions. The move brings the total auction value to $3 billion, reflecting heightened demand for dollar liquidity and tighter monetary dynamics. Analysts suggest the decision is linked to recent currency fluctuations and investor caution ahead of key inflation data. The repurchase deal allows the central bank to inject funds temporarily while maintaining control over interest rates. Brazil has used similar tools in past episodes of market stress, balancing inflation control with financial stability. The auction is part of broader efforts to stabilize the real and ensure adequate liquidity in the banking system during uncertain global conditions. Read More..

B2B Tech News | 13 days ago        

PNC to Acquire FirstBank for $4.1B, Expanding in Colorado and Arizona

FirstBank will be acquired by PNC Financial Services for $41 billion, indicating a resurgence in regional bank mergers and acquisitions. Through the a

FirstBank will be acquired by PNC Financial Services for $41 billion, indicating a resurgence in regional bank mergers and acquisitions. Through the acquisition, PNC will increase its presence in consumer and small business banking and broaden its reach throughout the southwestern region of the United States. The move, according to analysts, is a result of strategic consolidation in the face of tougher regulations and rising interest rates. FirstBank is a desirable asset for PNCs expansion goals because to its robust digital capabilities and regional market share. The transaction comes after a string of mergers among midsized banks with the goal of increasing scale and operational effectiveness. The deal is anticipated to close in early 2026, subject to regulatory approval. Following the news, PNC shares saw a slight increase in value as a result of the favourable reaction of investors. Read More..

B2B Tech News | 13 days ago        

Anglo American Nears $20B Deal to Acquire Canada’s Teck Resources

The Financial Times claims that Anglo American is on the verge of paying $20 billion to acquire Teck Resources in Canada. The proposed merger would co

The Financial Times claims that Anglo American is on the verge of paying $20 billion to acquire Teck Resources in Canada. The proposed merger would combine assets in coal, copper, other vital minerals, making it one of the biggest deals in the mining industry in recent memory. Anglos diverse portfolio and ESG initiatives would provide a better fit, but Teck previously turned down a bid from Glencore on the grounds of strategic misalignment. The agreement may change the nature of mining worldwide, particularly in copper, which is essential for energy transition technologies. According to analysts, the acquisition would improve Anglos longterm growth prospects and solidify its position in North America. Before an official announcement, regulatory and shareholder approvals must be obtained, and final arrangements are still being negotiated. Read More..

B2B Tech News | 13 days ago        

Sangomar Output Beats Expectations, Senegal Raises 2025 Oil Target

Senegals oil production estimate for the Sangomar offshore field in 2025 has been increased from 30.53 million barrels to 34.5 million barrels. Senega

Senegals oil production estimate for the Sangomar offshore field in 2025 has been increased from 30.53 million barrels to 34.5 million barrels. Senegal formally joined the group of countries that produce oil when Sangomar, which is run by Australias Woodside Energy Group, started production in June 2024. According to the energy ministry, the field delivered more than 24 million barrels of petroleum between January and August 2025. The updated prediction indicates increasing momentum in Senegals energy sector and reflects betterthanexpected performance. Analysts see this as a positive for the nations economic prospects and regional clout, particularly as West African countries aim to leverage the development of natural resources in the face of global energy shifts and growing need for a variety of supply sources. Read More..

B2B Tech News | 13 days ago        

BRICS Leaders Rally Against Trump Tariffs, Back Xi’s Global Governance Plan

On September 8, BRICS leaders, led by Brazil, met virtually to discuss the rising trade tensions in the world brought on by U.S. President Donald Trum

On September 8, BRICS leaders, led by Brazil, met virtually to discuss the rising trade tensions in the world brought on by U.S. President Donald Trumps broad tariffs. Chinese President Xi Jinping promoted multilateralism and suggested a Global Governance Initiative to restructure international institutions, while Russian President Vladimir Putin joined via videoconference from Sochi. Amid concerns about inflation and slower GDP, the summit placed a strong emphasis on extending trade, financial, and investment cooperation. Xi demanded more equitable representation for the Global South and more backing from the UN. Participants included leaders from Ethiopia, South Africa, Egypt, Iran, Indonesia, the United Arab Emirates, and India. The gathering emphasised BRICSs joint opposition to unilateral trade policies that affect emerging economies and their pursuit of a more democratic international order. Read More..

B2B Tech News | 13 days ago        

Oracle Projects $500B in Cloud Revenue, Shares Jump on AI Momentum

After Oracle predicted $500 billion in longterm cloud revenue, driven by growing demand for AI technology, the companys shares jumped 3.1%. Strong dev

After Oracle predicted $500 billion in longterm cloud revenue, driven by growing demand for AI technology, the companys shares jumped 3.1%. Strong development in Oracles cloud services, particularly its collaboration with Nvidia to enable generative AI workloads, was emphasised by CEO Safra Catz. To fulfil enterprise needs, the company is investing in highperformance computing and increasing the capacity of its data centres. Oracles prediction is seen by analysts as a daring declaration of confidence in its cloud strategy, setting it up to take on Microsoft Azure and Amazon Web Services. Investors are favouring companies that facilitate the deployment of AI, and the announcement coincides with a larger tech surge. Oracle wants to play a significant role in the upcoming wave of clouddriven innovation, which is reflected in its optimistic outlook. Read More..

B2B Tech News | 13 days ago        

India Urges BRICS to Address Trade Imbalances as China Surplus Hits $99B

India asked member countries to resolve trade imbalances during the 2025 BRICS Summit, pointing out that its biggest deficits are with BRICS partners,

India asked member countries to resolve trade imbalances during the 2025 BRICS Summit, pointing out that its biggest deficits are with BRICS partners, particularly China, which reported a record $99.21 billion surplus with India. S. Jaishankar, the minister of external affairs, demanded "expeditious solutions" to restore trade balance. The group also banded together to protest U.S. President Trumps high tariffs, with China warning against "hegemonism" and Brazil accusing Washington of "blackmail." Even though India was subject to 50% U.S. tariffs, its tone was more accommodative. In their cordial discussion, Modi and Trump alluded to a potential healing of their bilateral relations. According to analysts, China and Russia regard BRICS as geopolitical, whereas India sees it as an economic platform. The summit focused on growing trade tensions and changing alliances. Read More..

B2B Tech News | 13 days ago        

India Reaffirms WTOCentred Trade Vision at SCO Ministers’ Meet in Vladivostok

India reiterated its support for a WTOcentered, rulesbased multilateral trading system at the SCO Trade Ministers Meeting in Vladivostok. Additional S

India reiterated its support for a WTOcentered, rulesbased multilateral trading system at the SCO Trade Ministers Meeting in Vladivostok. Additional Secretary Amitabh Kumar underlined the importance of an inclusive, equitable, and open trading system while speaking on behalf of Commerce Minister Piyush Goyal. India demanded that the WTOs twotier dispute resolution process be reinstated, that public stockholding for food security be permanently resolved, and that developing countries be given effective special treatment. Additionally, it called for more robust digital infrastructure, open export regulations, and supply chain diversification. India presented its ONDC, India Stack, and UPI Digital Public Infrastructure as replicable models for safe, affordable digitalisation. Additionally, the nation highlighted the AVGC industry as a new growth engine and supported climate equity through Mission LiFE. Read More..

B2B Tech News | 13 days ago        



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