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Taiwans Central Bank Governor Doubts U.S. Penalties, Cites Islands Key Role in Semiconductor Industry

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would p

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would punish the island. He stressed that it is unlikely that the supply chain will be disrupted because Taiwans chips and tech products are essential to U.S. demands. Yang also mentioned TSMCs significant investment in American manufacturing to rectify the trade imbalance and Taiwans trade surplus with the United States, expected to hit $50 billion this year. Despite this, he recognised that U.S. tariffs on Taiwans exports could pose economic dangers. Read More..

B2B Tech News | 4 months ago        

Samsung Shares Hit FourYear Low Amid U.S. Tariff Concerns and AI Chip Production Lag

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys st

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys stock to drop to its lowest level in more than four years. Because it relies on Chinese consumers, the company is more vulnerable to tariff effects, and there are worries that Chinese competitors may undercut Korean semiconductor companies. Over the year, Nvidia has increased 199%, Samsungs shares have decreased 34%, and rival SK Hynix has up 32%. Read More..

B2B Tech News | 4 months ago        

India’s Central Bank Announces Capital Buffer Increases for SBI and HDFC Bank

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks DSIBs. Starting in April 2025, the two biggest banks, SBI and HDFC Bank, would have to have larger capital buffers. HDFC Bank will increase its extra capital requirement to 0.40%, while SBI will see a 20 basis point increase to 0.80%. Such banks, considered "too big to fail," are guaranteed sufficient capital by these safeguards to avert systemic dangers in the financial system. The change comes after HDFC Bank merged with HDFC in December 2023. Read More..

B2B Tech News | 4 months ago        

India Imposes FiveYear AntiDumping Duty on Epichlorohydrin from China, Korea, and Thailand

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To s

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To shield home businesses from unfair competition brought on by imports priced below market, the levy, which has the potential to reach $557 per tonne, was implemented. By WTO regulations to guarantee fair trade practices, the move complies with the Directorate General of Trade Remedies recommendations. Similar taxes have been applied to other items by India to reduce lowcost imports. Read More..

B2B Tech News | 4 months ago        

Swiggy Shares Surge 15% on IPO Debut, Valuation Hits $11.9 Billion

Despite general market volatility, Swiggys shares jumped by about 15% on their first day after their $1.4 billion IPO. At its height, the corporation

Despite general market volatility, Swiggys shares jumped by about 15% on their first day after their $1.4 billion IPO. At its height, the corporation was valued at $11.9 billion. Although analysts praise Swiggys excellent brand and market position, they warn about the companys continuous losses and the challenging market conditions. Since the business has yet to profit, Swiggys success starkly contrasts with Zomatos 2021 IPO. Because they are concerned about Swiggys longterm financial trajectory, analysts have set a target price lower than the IPO price. Read More..

B2B Tech News | 4 months ago        

Visa Unveils Flexible Payments Feature in the U.S. and UAE to Enhance Consumer Control

In the United States and the United Arab Emirates, Visa is introducing a flexible payment feature that enables customers to access several financing s

In the United States and the United Arab Emirates, Visa is introducing a flexible payment feature that enables customers to access several financing sources with a single card. This feature, already present in several Asian countries, attempts to satisfy customers rising need for flexible payment methods. In line with the growing cooperation between fintechs and conventional financial institutions, Visa has teamed with Affirm in the United States and Liv Bank in the United Arab Emirates. Soon, the capability will be extended throughout Europe, giving customers greater financial autonomy. Read More..

B2B Tech News | 4 months ago        

IMFs Nathan Porter Meets Pakistani Officials Ahead of 2025 Review of $7 Billion Extended Fund Facility

In Islamabad, Nathan Porter, the head of the International Monetary Funds IMF mission, met early with the finance minister, head of the central bank,

In Islamabad, Nathan Porter, the head of the International Monetary Funds IMF mission, met early with the finance minister, head of the central bank, and federal tax officials of Pakistan. Ahead of the initial evaluation of Pakistans $7 billion Extended Fund Facility EFF in 2025, the conference is scheduled for November 11–15. The visit is meant to talk about current developments and the programs success so far, but it is not a part of the formal evaluation. There have been 22 IMF bailouts for Pakistan since 1958 as a result of its ongoing economic difficulties. Read More..

B2B Tech News | 4 months ago        

Chinas Trade Surplus Set to Reach Record $1 Trillion as Exports Surge

With exports greatly exceeding imports, mainly to markets like the US, EU, and ASEAN, Chinas trade surplus is predicted to reach a record $1 trillion

With exports greatly exceeding imports, mainly to markets like the US, EU, and ASEAN, Chinas trade surplus is predicted to reach a record $1 trillion this year. China has become increasingly dependent on exports to fuel growth, despite initiatives to increase local demand. Other countries have reacted to this by imposing duties on Chinese imports. A decrease in foreign direct investment is also occurring in China, marking the first possible net outflow since 1990. Beijing has pledged further assistance to companies to stabilise employment and trade. Read More..

B2B Tech News | 4 months ago        



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