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Bitcoin Breaks $81,000 Barrier as Crypto Market Bets on ProDigital Asset Policies

Anxieties about a favourable regulatory environment under a possible Trump administration and procrypto politicians in Congress propelled Bitcoin to a

Anxieties about a favourable regulatory environment under a possible Trump administration and procrypto politicians in Congress propelled Bitcoin to a record high above $81,000. Investor confidence has been boosted by Trumps campaign support for digital assets and his intentions to deregulate cryptocurrencies. Broad gains have been made in the cryptocurrency space, with Ether and Dogecoin seeing notable increases as well. The cryptocurrency market is placing a wager on a more hospitable regulatory environment under Trumps leadership, notwithstanding reservations about his immediate goals. Read More..

B2B Tech News | 3 months ago        

DBS Group Explores A$460 Million Stake Acquisition in Alliance Bank Malaysia

To grow in Malaysia, DBS Group Holdings is looking into acquisitions. One possible acquisition is the $460 million purchase of a 29.1% share in Allian

To grow in Malaysia, DBS Group Holdings is looking into acquisitions. One possible acquisition is the $460 million purchase of a 29.1% share in Alliance Bank Malaysia, which is currently owned by Temasek. DBS is also thinking of purchasing Kuwait Finance Houses more than $500 million worth of retail banking assets in Malaysia. This is in line with DBSs plan to increase its regional footprint after entering countries like China and Taiwan in the past. The action was taken as Malaysias economic outlook improved and strong credit growth was anticipated. Discussions are only getting started, and Malaysias central bank must give its permission. Read More..

B2B Tech News | 3 months ago        

HMC Capital Set for A$4 Billion IPO of Data Center Business, Largest in Australia for 2024

With a target valuation of $A4 billion, HMC Capital is proceeding with an initial public offering IPO for its data centre division. With $A4 billion i

With a target valuation of $A4 billion, HMC Capital is proceeding with an initial public offering IPO for its data centre division. With $A4 billion in assets under management, the Digico Real Estate Investment Trust REIT will oversee 13 data centres and provide services to 586 customers. HMC will purchase a 19% interest by investing at least $A500 million. This comes after HMC purchased Australian data centre provider Iseek for A$400 million. The IPO is scheduled for December 16 and will be the biggest in Australia in 2024. Read More..

B2B Tech News | 3 months ago        

Asian Paints Shares Drop 9.3% as Q2 Profit Halves, Falling Short of Market Expectations

Following a nearly halving of its secondquarter net profit and a 0.5% drop in sales volumes, Asian Paints stock fell 9.3%. This result fell short of e

Following a nearly halving of its secondquarter net profit and a 0.5% drop in sales volumes, Asian Paints stock fell 9.3%. This result fell short of expectations, particularly when contrasted with competitors that claimed better volume increases, such as Kansai Nerolac and Berger Paints. The corporation is impacted by several factors, such as a decline in demand for highend goods as buyers look for less expensive alternatives due to inflation and more competition that drives down prices. The companys sales value dropped by 5%, falling short of market projections as a result of these difficulties. Read More..

B2B Tech News | 3 months ago        

China and Indonesia Sign $10 Billion in Deals to Boost Cooperation Across Key Sectors

At the IndonesiaChina Business Forum in Beijing, $10 billion in agreements were inked between China and Indonesia in industries like biotechnology, ne

At the IndonesiaChina Business Forum in Beijing, $10 billion in agreements were inked between China and Indonesia in industries like biotechnology, new energy, food, and technology. The accords come after Presidents Xi Jinping and Prabowo Subianto met, which was Prabowos first official visit since taking office. Lithium batteries, the digital economy, and new energy vehicles are important areas of cooperation. Agreements in the areas of housing, agriculture, and infrastructure were also reached, and steps like direct flights and visa restrictions were taken to improve connection and commerce. Read More..

B2B Tech News | 3 months ago        

KKR Acquires 35% Stake in Fuji Soft, Becomes Largest Shareholder

By purchasing a 35% interest through its company FK Co., KKR has completed the first phase of its twopart tender offer and is now the largest stakehol

By purchasing a 35% interest through its company FK Co., KKR has completed the first phase of its twopart tender offer and is now the largest stakeholder in Japanese software producer Fuji Soft. Through this action, KKR gains substantial control over the strategic direction of Fuji Soft, which has the potential for future privatisation. KKR will purchase the remaining shares at the same price of 8,800 yen per share in the second phase, beginning in midNovember. This expenditure aligns with KKRs plan to increase the companys worth. Read More..

B2B Tech News | 3 months ago        

DBS Bank Eyes 2025 Profit Upside Amid Trumps Tighter Fed Rate Outlook

Since Trumps administration may lead to fewer Fed rate reductions, which would strengthen net interest margins, DBS Bank, the biggest lender in Singap

Since Trumps administration may lead to fewer Fed rate reductions, which would strengthen net interest margins, DBS Bank, the biggest lender in Singapore, expects a possible increase in 2025 earnings. Piyush Gupta, the CEO, emphasised that Trumps stricter immigration and trade plans may cause inflation, which might keep the Feds rates tight. However, DBSs net profit in 2025 is anticipated to be smaller than in 2024 due to Singapores new global minimum corporation tax. Increased fee income and earnings from market trading helped DBS announce a net profit of S$3.03 billion for the third quarter of 2024. Read More..

B2B Tech News | 3 months ago        

US Federal Reserve Cuts Rates by 25bps, but Chairman Powell Cautions Over Uncertainty

Chairman Jerome Powells cautious stance, which cited uncertainty about future rate decisions, disappointed markets with the US Federal Reserves 25 bas

Chairman Jerome Powells cautious stance, which cited uncertainty about future rate decisions, disappointed markets with the US Federal Reserves 25 basis point rate drop on November 7. Trumps possible plans, such fiscal expansion, are cited by experts as having the ability to affect future rate reduction and drive inflation. The pace of rate decreases in 2025 is predicted to vary, while some anticipate a sustained emphasis on inflation. In a similar vein, the Reserve Bank of India RBI is probably going to keep interest rates unchanged until at least February 2025 because of the ongoing inflation. Read More..

B2B Tech News | 3 months ago        



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