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Nikkei Share Average Hits Highest Level Since 1990 on Weaker Yen

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share average in Japan rose to its highest level since February 1990. By midday, the Nikkei gained 1.94% to 35,110.52, on track to record its most considerable weekly increase since March 2020. At 2,488.65, the Topix index was up 1.81%. Novembers weak accurate wage growth figures, which marked the 20th straight month of wage declines, dampened expectations that the BOJ would soon raise interest rates. For exporters, a lower Yen increases the value of their foreign profits when repatriating. Overnight, the Yen dropped 0.9% vs the dollar, closing at 145.56. Read More..

B2B Tech News | 1 years ago        

Malaysia and Singapore Join Forces for Special Economic Zone in Johor

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Spec

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Special Economic Zone SEZ in Johor, Malaysia. The two nations intend to draft an extensive agreement addressing corporate process simplification and renewable energy. The SEZ seeks to improve commerce between countries, which will help both economies. With around 70% of all foreign direct investment in manufacturing in Johor, Singapore is the secondlargest foreign investor. Singapores minister of trade and industry and Malaysias minister of economy, Rafizi Ramli, inked the deal. Read More..

B2B Tech News | 1 years ago        

Apple Stock Faces 4% Decline in 2024 Amid iPhone Sales Concerns, Vulnerable to Microsofts Surge

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Micr

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Microsoft has a market value of $2.837 trillion, whereas Apples is $2.866 trillion. According to reports, iPhone sales in China dropped 30% in the first week of 2024, which can be attributed to more fierce rivalry from regional rivals like Huawei. Microsofts valuation, however, has increased by around 2% this year. Apple is scheduled to release the Vision Pro mixedreality headset on February 2, but worries still exist according to UBS, the headgears effect on profits per share in 2024 will be "relatively immaterial." Apple releases results on February 1. Read More..

B2B Tech News | 1 years ago        

SEC Approves First U.S.Listed Bitcoin ETFs BlackRock, Fidelity, and Others Get the Nod

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certifie

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certified by the U.S. Securities and Exchange Commission SEC and listed in the country. This historic ruling exposes investors to bitcoin without requiring them to keep the digital currency outright, with potential inflows estimated to be between $50 billion and $100 billion. The action signals a change in the SECs position and a rise in institutional acceptance of Bitcoin. SEC Chair Gary Gensler, who concurred in authorising the ETFs, noted that bitcoin is a speculative and volatile asset class and stressed that this does not imply support. The choice is a pivotal moment in developing Bitcoin as an asset class. Read More..

B2B Tech News | 1 years ago        

Mozambique Receives $60.7 Million as IMF Concludes Third Review of Loan Program

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Mapu

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Maputo to receive an immediate payment of almost $60.7 million. Currently, around $273 million has been disbursed under the $456 million Extended Credit Facility programme, which was approved in 2022. The IMF observed that Mozambique has made acceptable progress in lowering inflationary pressures and quickening the countrys economic recovery. Supporting economic recovery, lowering public debt, addressing financial vulnerabilities, and facilitating public investments in infrastructure, human capital, and climate adaptation are the main objectives of the threeyear agreement. Read More..

B2B Tech News | 1 years ago        

Indias DeepSea Oil Project Off Kakinada Coast Commences Production

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to In

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to Indias Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. The COVID19 epidemic caused delays for the project, which was started in 2016–17 and is run by the Oil and Natural Gas Corporation ONGC. Four of the 26 wells are now producing, according to Puri, and by May or June, the project hopes to generate 45,000 barrels per day or 7% of Indias total production of petrol and crude oil. Read More..

B2B Tech News | 1 years ago        

Grifols Shares Plunge 30% as Gotham City Questions Accounting Practices

The Spanish pharmaceutical Grifolss market value dropped by roughly $3 billion as a result of a 30% decline in shares following questions raised by he

The Spanish pharmaceutical Grifolss market value dropped by roughly $3 billion as a result of a 30% decline in shares following questions raised by hedge fund Gotham City Research regarding the companys accounting. When Gotham questioned Grifolss stated debt, earnings, and leverage ratio, Grifols refuted any wrongdoing and labelled the report as "speculation" and "false information." To allay investor fears, the business intends to make a phone call and issue a fresh statement to the stock market regulator. Following a 42% decline at the opening of the market, Grifols shares fell 26% in late afternoon trading in Madrid and early trading on Nasdaq. Read More..

B2B Tech News | 1 years ago        

Hewlett Packard Enterprise Boosts AI Ambitions with $14 Billion Juniper Networks Acquisition

With a $14 billion allcash agreement, Hewlett Packard Enterprise HPE is scheduled to purchase Juniper Networks, a manufacturer of networking hardware.

With a $14 billion allcash agreement, Hewlett Packard Enterprise HPE is scheduled to purchase Juniper Networks, a manufacturer of networking hardware. HPE hopes to expand its networking business and improve its artificial intelligence AI products with this deal. HPE wants to use Junipers expertise in AIenabled enterprise networking operations and network security. Offering shareholders of Juniper $40 a share, the deal offers a 32.4% premium over the stocks Monday closing price. With regulatory clearances pending, the transaction is scheduled to conclude in late 2024 or early 2025 and is anticipated to be financed by $14 billion in term loans. Read More..

B2B Tech News | 1 years ago        



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