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Fed Rates to Rise by 75 Basis Points Next Month

Rates are likely to rise by 75 basis points next month, with the European Central Bank ECB matching that and the Bank of England hiking by at least 10

Rates are likely to rise by 75 basis points next month, with the European Central Bank ECB matching that and the Bank of England hiking by at least 100 basis points, according to futures. We are in the middle of the greatest and most coordinated tightening of global monetary policy in more than three decades, said Bruce Kasman, JPMorgans head of economic research, who predicts 75basispoint rises from all three central banks. However, as long as labour markets scream tightness, the Fed will be unresponsive to a hint of inflation deceleration. Oil prices moved upward after Brent rose 11% last week following an agreement by OPEC+ to reduce supplies. Read More..

B2B Tech News | 2 years ago        

Asian Markets Fall on Friday As Expectations of Fed Rate Rises Shattered

Asian markets fell on Friday as expectations that the US will ease up on rate rises were shattered, adding to the pessimism on the regions trading flo

Asian markets fell on Friday as expectations that the US will ease up on rate rises were shattered, adding to the pessimism on the regions trading floors. This happened as Federal Reserve officials continued to hype up more rate hikes ahead of a key US employment data later in the day, while surging crude oil prices fueled fears of extended inflation. The Nikkei 225 index fell 0.71%, or 195.19 points, to 27,116.11, reversing a twoweek high hit on Thursday. WTI oil futures increased 24 cents to $88.69 per barrel after earlier reaching an alltime high of $89.37 per barrel on September 14. Read More..

B2B Tech News | 2 years ago        

Africas AgriTechnological Transformation

Africa is undergoing agricultural transformation, which is drawing an increasing number of investors Nigeria is no longer the continents major oil pro

Africa is undergoing agricultural transformation, which is drawing an increasing number of investors Nigeria is no longer the continents major oil producer and strengthening and promoting the cultural industry as an economic engine. For the past two years, Africas farming startup environment has been thriving. The ACPEU culture initiative Create in Central Africa has now published its third and final call for ideas to assist the sub regions cultural and creative industries CCI. Read More..

B2B Tech News | 2 years ago        

Porsche Becomes Europes Most Valuable Manufacturer

On Thursday, Porsche surpassed erstwhile parent Volkswagen to become Europes most valuable manufacturer, as the price of the sportscar makers freshly

On Thursday, Porsche surpassed erstwhile parent Volkswagen to become Europes most valuable manufacturer, as the price of the sportscar makers freshly listed shares soared. Despite falling below its IPO price on Monday to 81 euros, in line with a wider market decline, Porsche shares climbed to 93 euros $91.95 early on Thursday, giving the supercar brand a market valuation of 85 billion euros. They later fell to 91.04 euros by 1308 GMT, although the companys worth maintained far higher than Volkswagens, which was just under 84 billion euros. Read More..

B2B Tech News | 2 years ago        

Credit Suisse Shares Are Up 4.2 %

It is down roughly 19% year over year. Credit Suisse was a standout on Friday, with its shares rising 4.2% after the Swiss bank announced it will buy

It is down roughly 19% year over year. Credit Suisse was a standout on Friday, with its shares rising 4.2% after the Swiss bank announced it will buy up up to 3 billion Swiss francs of debt, following significant declines in its stock price on false allegations that its survival was in doubt. US stock index futures were down 0.3% after the S&P 500 index fell 1% overnight. All eyes will be on the US inflation report next week, UniCredit analysts wrote in a client note. WTI crude futures were up 0.3% at $88.69 per barrel. Read More..

B2B Tech News | 2 years ago        

Argentina announces a plan to increase technology exports

In order to increase technology exports to $10 billion in 2023, Argentina has announced new policies. The thirdlargest economy in Latin America intend

In order to increase technology exports to $10 billion in 2023, Argentina has announced new policies. The thirdlargest economy in Latin America intends to export technical items valued about $7.4 billion in 2022. From the $6.2 billion in current technology exports in 2021, that would be a significant increase. The government is taking these steps in an effort to support the central bank in bolstering its imperilled foreign reserves. Read More..

B2B Tech News | 2 years ago        

Risk of £50bn bond sale sparked Bank of England emergency

As rising borrowing costs hurt pension funds, there was a possibility of a downward spiral. Its possible that pension funds associated with the pensio

As rising borrowing costs hurt pension funds, there was a possibility of a downward spiral. Its possible that pension funds associated with the pensions sector were forced to liquidate their UK government bonds. Three times higher than any previous historical move, the increase in borrowing costs over the course of four days. The emergency intervention in the bond market by the Bank of England is scheduled to expire the following week. With barely £3.7 billion spent so far, it has only purchased a small portion of the government bonds it could have. A sell of £50 billion would equal four times the markets average daily transaction. Read More..

B2B Tech News | 2 years ago        

Michigan becomes the center of battery manufacturing in the United States

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Austra

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Australian "reincarnation grass" that can live without water in a latent form is a likely candidate. The Beresheet 2 spacecraft, an unofficial Israeli Moon mission, would transport seeds. 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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