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Gold coins to rescue in Zimbabwe

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June to 257% in July of this year, the Zimbabwean government made gold coins legal money. Each coin has a 22 carat purity and weighs one troy ounce. Read More..

B2B Tech News | 2 years ago        

MENA, Central Asia economies show resilience but global headwinds loom

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In co

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In comparison to the April prediction of 2.6%, the impact of the Ukraine crisis on the Caucasus and Central Asia CCA is projected to decelerate to 3.8% in 2022. A 5.6% CCA increase was predicted by the IMF for 2021 as a result of Russias economic stimulus and robust trade. Read More..

B2B Tech News | 2 years ago        

Overview of UPL results higher crop prices, higher prices to support performance

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Ph

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Phillip Capital, UPLs North America, India, and Rest of World operations are anticipated to rise by 15% to 25%. UPLs revenue growth of 27% in the June quarter was driven by 18% price increases, 3% exchange rate changes, and 6% volume growth. While ADIA, Brookfield, and TPG will each own 9.09 percent of UPL SAS, KKR will own 13.33 percent of Global Seeds Platform. Read More..

B2B Tech News | 2 years ago        

World Bank approves $275 million in development assistance for Zambia

The monies are made accessible by the International Development Association IDA, a World Bank subsidiary. Zambia became the first African country to d

The monies are made accessible by the International Development Association IDA, a World Bank subsidiary. Zambia became the first African country to default on its external debt, which is believed to be $17.3 billion, since the Covid19 pandemic began. Hakainde Hichilemas election to the presidency in 2021 on pledges to root out chronic corruption and resurrect the economy has improved relations with creditors and international donors. Read More..

B2B Tech News | 2 years ago        

NICO Raises $12.5M in Oversubscribed Investment Round

The $12.5 million capital offering by NICO Corporation was successful in an oversubscribed round. A significant movement toward minimally invasive sur

The $12.5 million capital offering by NICO Corporation was successful in an oversubscribed round. A significant movement toward minimally invasive surgery is taking place in the companys target markets for neurosurgery. NICO recorded a 25% increase in revenue in 2021, and this years growth is anticipated to be similar. Read More..

B2B Tech News | 2 years ago        

Credit Suisse wants to cut 9,000 jobs and seek new investments worth billions

In a capital round backed by Saudi Arabia, Credit Suisse intends to eliminate 9,000 jobs while raising billions from investors. The announcement comes

In a capital round backed by Saudi Arabia, Credit Suisse intends to eliminate 9,000 jobs while raising billions from investors. The announcement comes after months of rumours on the magnitude of the change under new manager Ulrich Körner. By the end of 2025, a Swiss bank projects that there will be 43,000 fewer employees overall. The new CS First Boston, according to the Swiss bank, would be more global and broader than typical boutique firms while maintaining a more concentrated strategy. Read More..

B2B Tech News | 2 years ago        

SatixFy completes the business combination with Endurance Acquisition Corp.

The previously announced merger between SatixFy Communications Ltd. and Endurance Acquisition Corp. is now complete. Shares and warrants of the combin

The previously announced merger between SatixFy Communications Ltd. and Endurance Acquisition Corp. is now complete. Shares and warrants of the combined business are anticipated to start trading on the NYSE American tomorrow, Friday, October 28, 2022, under the tickers SATX and WSA. Yoav Leibovitch will serve as Executive Chairman, Richard Davis, the CEO of Endurance, will join SatIXFys Board of Directors, and David Ripstein will remain in his position as the companys CEO. Cantor Fitzgerald served as Endurances capital markets advisor during the acquisition. Read More..

B2B Tech News | 2 years ago        

Japans JERA records a $ 751 million loss in the Freeport LNG fire in fiscal 22/23

The largest power plant in Japan presumptively wont receive enough LNG from the American project between October and March. The majority of the loss a

The largest power plant in Japan presumptively wont receive enough LNG from the American project between October and March. The majority of the loss associated with Freeport LNG is higher alternative procurement costs. According to Yoshida, JERA does not anticipate a significant impact on Malaysia LNGs fuel purchase. Early to midNovember will see a return to partial operation for Freeport LNG, with full operation to follow in the first half of 2019. Petronas has declared force majeure on the supply of gas to Malaysia LNG Dua, one of its liquefaction plants. Read More..

B2B Tech News | 2 years ago        



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