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Bank of Japan Meeting Impact Yen Maintains Strength, Dollar Weakens

As the Bank of Japan BOJ finished its twoday monetary policy meeting on Monday, the yen held its strength. Traders are eager to see if the BOJ will re

As the Bank of Japan BOJ finished its twoday monetary policy meeting on Monday, the yen held its strength. Traders are eager to see if the BOJ will reverse its lax policy settings. Last week, the Federal Reserves policy meeting raised the prospect of interest rate reduction next year causing the U.S. dollar to begin the week weaker than it ended last week. The yen gained about 2% last week, stabilising at 142.25 per dollar. For more information on the banks rate forecast, investors will watch the BOJ decision on Tuesday. Read More..

B2B Tech News | 1 years ago        

Nissan Expands Global Sales of ChinaMade Electric Vehicles

Nissan has declared its intention to market electric cars EVs created in China worldwide. The Japanese carmaker has an agreement with Tsinghua Univers

Nissan has declared its intention to market electric cars EVs created in China worldwide. The Japanese carmaker has an agreement with Tsinghua University, one of the best institutions in China, to use local resources and expedite electrification research and development. Nissan is thinking of selling a range of cars with internal combustion engines already on the road to foreign markets, as well as future plugin hybrid and pure electric vehicles made and developed in China. This action is in line with the plans of several international manufacturers, including Tesla, BMW, and Ford, who are increasing the number of vehicles they export from China to take advantage of cheaper production costs. Read More..

B2B Tech News | 1 years ago        

Illumina to Divest Cancer Diagnostic Test Maker Grail Amid Antitrust Challenges

Following almost two years of antitrust concerns from European and American regulators, Illumina has announced that it is selling its shares in Grail,

Following almost two years of antitrust concerns from European and American regulators, Illumina has announced that it is selling its shares in Grail, a manufacturer of cancer diagnostic tests. The terms of the divestment are anticipated to be finalised by the second quarter of 2024, and it will be executed through a capital markets transaction or thirdparty sale. Grail, which Illumina acquired for $7.1 billion, is developing a blood test called a liquid biopsy that may be used to diagnose different cancers. The move comes in response to a recent judgement by an appeals court in the United States, which mandated that the Federal Trade Commission reexamine Illuminas acquisition of Grail. Read More..

B2B Tech News | 1 years ago        

IBM to Acquire Software AGs Enterprise Technology Platforms for $2.33 Billion

IBM revealed on Monday that it will pay 2.13 billion euros $2.33 billion to purchase Software AGs business IT platforms. The purchase aims to improve

IBM revealed on Monday that it will pay 2.13 billion euros $2.33 billion to purchase Software AGs business IT platforms. The purchase aims to improve IBMs hybrid cloud and artificial intelligence capabilities. The platforms StreamSets and webMethods from Software AG, which offer services like data integration, API administration, and application integration, are among the assets that were acquired. This action is part of IBMs plan to fortify its AI and hybrid cloud market position. The cash on hand will be used to fund the purchase. Silver Lake, a private equity firm, is the principal owner of Software AG. Read More..

B2B Tech News | 1 years ago        

Bitnomial Granted CFTC Approval to Operate as VerticallyIntegrated Cryptocurrency Exchange and Clearinghouse

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commissio

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commission CFTC to operate as its registered clearinghouse. This certification is noteworthy since it is the first time a vertically integrated market structure in the cryptocurrency field has received permission from the CFTC. Bitnomial is already licenced as a broker and exchange. The licence comes as the Bitcoin sector is being examined more closely due to worries about possible conflicts of interest in vertically integrated institutions. Luke Hoersten, CEO of Bitnomial, emphasised that the company can now concentrate on growing its clientele and product line. Read More..

B2B Tech News | 1 years ago        

Dow Jones Hits First Record Closing High Since January 2022 on Feds Interest Rate Policy

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borro

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borrowing costs would decline in 2024. Meanwhile, the Dow Jones industrial average hit its first closing high record since January 2022. The central banks Interest rates remained steady, and by the end of 2024, 17 out of 19 Fed officials predicted a lower policy rate. At a news conference, Fed Chair Jerome Powell stressed that the Fed is no longer expected to raise interest rates and that the goal is to avoid being too high for too long. The Nasdaq and S&P 500 closed the year at record highs. Read More..

B2B Tech News | 1 years ago        

Berkshire Hathaway Boosts Stake in Occidental Petroleum with $588.7 Million Purchase

This week, Berkshire Hathaway, under the leadership of Warren Buffett, paid around $588.7 million to purchase almost 10.5 million shares of Occidental

This week, Berkshire Hathaway, under the leadership of Warren Buffett, paid around $588.7 million to purchase almost 10.5 million shares of Occidental Petroleum, bringing its position to roughly 27%. In addition, as part of an agreement that helped Occidental finance its 2019 acquisition of Anadarko Petroleum, Berkshire is the owner of preferred shares and rights to purchase an additional 83.8 million Occidental shares for $4.7 billion, or $56.62 per share. The warrants would increase Berkshires stake to 33 per cent if exercised. The latest acquisitions come after Berkshire paid around $14.4 billion to acquire a 25.8% share in Occidental on October 25. Read More..

B2B Tech News | 1 years ago        

Argentina Expects December Inflation to Surpass Novembers 12.8%

According to Luis Caputo, Argentinas Minister of Economy, the countrys inflation rate is predicted to be "substantially higher than in November." Arge

According to Luis Caputo, Argentinas Minister of Economy, the countrys inflation rate is predicted to be "substantially higher than in November." Argentinas monthly inflation rate hit a record high of 12.8% in November, the highest of the year. Caputo recently unveiled economic measures, such as a peso devaluation of more than 50% to 800 per US dollar and reductions in energy and transit subsidies. The reduction in energy subsidies is expected to start in February or March of the following year. In light of the nations economic difficulties—including high inflation and a significant loan programme with the IMF—the government intends to restructure its deal with the IMF. Read More..

B2B Tech News | 1 years ago        



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