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McGrath lowers H1 earnings forecast as rising interest rates and lower quotes bite

In FY22, the company reported an increase in underlying profit of 7.9% to $19.1 million. The average sale price of homes has decreased as a result of

In FY22, the company reported an increase in underlying profit of 7.9% to $19.1 million. The average sale price of homes has decreased as a result of rising loan rates. The number of active real estate listings is approximately 15% lower than the fiveyear average. According to an announcement from the insurance provider McGrath, the company is in a strong financial position and anticipates that market circumstances will improve throughout the course of the current fiscal year. This comes after the corporation has paid out its final dividend to shareholders and repurchased shares while profiting from a decline in the share price. Read More..

B2B Tech News | 2 years ago        

South African crypto platforms need to be licensed by 2023 regulator

Between June 1 and 2023, cryptocurrency financial enterprises in South Africa must apply for a licence. According to the regulator, just because crypt

Between June 1 and 2023, cryptocurrency financial enterprises in South Africa must apply for a licence. According to the regulator, just because crypto assets are categorised as financial items does not make them legal tender. Financial watchdogs from all around the world are debating how to control the expanding market for virtual currencies. Read More..

B2B Tech News | 2 years ago        

The North American cold chain market is poised for future prosperity

A cold chain is a network of cold storage, cold production, and cold distribution facilities that maintains a low temperature under control. Temperatu

A cold chain is a network of cold storage, cold production, and cold distribution facilities that maintains a low temperature under control. Temperaturesensitive goods like agricultural produce, frozen food, seafood, chemicals, photographic films, and pharmaceuticals are preserved, guaranteed, and extended in shelf life by cold chains. Read More..

B2B Tech News | 2 years ago        

Japanese Yen Hits 150 Against US Dollar AsiaPacific markets down

Late in the Asian afternoon, the Japanese yen dropped below 150 per U.S. dollar, a 32year low against the dollar. After falling 3% to its lowest point

Late in the Asian afternoon, the Japanese yen dropped below 150 per U.S. dollar, a 32year low against the dollar. After falling 3% to its lowest point since May 2009, the Hong Kong Hang Seng index somewhat recovered its previous losses and traded 1.33% lower in the final hour of trading. The largest MSCI index of AsiaPacific stocks outside of Japan decreased by 0.87%. Read More..

B2B Tech News | 2 years ago        

The BOJ buys emergency bonds to support the debt market, but yields continue to rise

In an effort to support efforts to stabilise bond prices, the Bank of Japan carried out emergency bondbuying operations. A 250 billion yen $1.67 billi

In an effort to support efforts to stabilise bond prices, the Bank of Japan carried out emergency bondbuying operations. A 250 billion yen $1.67 billion package of government bonds with maturities ranging from five to more than twentyfive years was auctioned by the BOJ. Read More..

B2B Tech News | 2 years ago        

WadzPay Chose Bosonic for crypto conversion

WadzPay, a blockchainbased payment provider, has selected Bosonic to offer a pointofsale POS solution with integrated crypto conversion that takes adv

WadzPay, a blockchainbased payment provider, has selected Bosonic to offer a pointofsale POS solution with integrated crypto conversion that takes advantage of Bosonics extensive worldwide liquidity network. WadzPay will be able to provide customers with a cryptotofiat conversion in its POS blockchain payment solution thanks to Bosonics infrastructure. WadzPay has chosen Bosonic to deliver integrated crypto conversion at the point of sale POS. The risks associated with counterparty credit and settlement will be reduced by Bosonics payment against payment technology. Accessing the Bosonic Network for cryptocurrency liquidity and riskfree transactions, says Jason Nabri, chief revenue officer of Bosonic. Read More..

B2B Tech News | 2 years ago        

Warburg Pincus invests $350 million to create a digital insurance company in Southeast Asia

Oona Insurance, a Southeast Asian digital general insurance platform, will be established thanks to a $350 million investment by Warburg Pincus LCC. S

Oona Insurance, a Southeast Asian digital general insurance platform, will be established thanks to a $350 million investment by Warburg Pincus LCC. Since 2013, the private equity firm, one of the biggest in Southeast Asia, has put nearly $3.5 billion into 17 local businesses. Oona is made up of two insurance companies Mapfre Insular Insurance Corp. in the Philippines and PT Asuransi Bina Dana Arta Tbk in Indonesia. Read More..

B2B Tech News | 2 years ago        

Zurich Completes Acquisition of Deutsche Bank Financial Advisors

In accordance with a contract dated in August 2021, Deutsche Bank Zurich Italy, a subsidiary of Zurich Group Zurich, has successfully acquired the fin

In accordance with a contract dated in August 2021, Deutsche Bank Zurich Italy, a subsidiary of Zurich Group Zurich, has successfully acquired the financial advisors division of Deutsche Bank. More than €16 billion AuM and 1085 financial advisors will be added to Zurichs workforce. Zurich can now further bolster its presence in the Italian market thanks to the establishment of Zurich Bank. Read More..

B2B Tech News | 2 years ago        



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