Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

BlackRock Reevaluates Australia Strategy Amid Weak Growth, High Valuations

Due to stretched valuations and sluggish growth, BlackRock, the largest asset manager in the world, is reevaluating its focus on Australia in favour o

Due to stretched valuations and sluggish growth, BlackRock, the largest asset manager in the world, is reevaluating its focus on Australia in favour of economies like the United States and Japan. Katie Petering, head of investment strategy for Australia and New Zealand at BlackRock, identified global volatility and unpredictability as the main justifications for portfolio diversification. The company maintains an overweight position in U.S. stocks and finds Japan appealing because of its business reforms and inflationdriven pricing power. Australias economic prognosis is deteriorating, and valuations are losing their appeal. Given the tight labour market, BlackRock backs the Reserve Bank of Australias cautious approach to rate decreases. Among the companies the company owns in Australia are Commonwealth Bank, BHP, and CSL. Read More..

B2B Tech News | 5 months ago        

Salesforce Misses Revenue Forecasts for 2026, Shares Drop 5%

Salesforces shares fell 5% in extended trading after the company reported fiscal 2026 sales below Wall Street forecasts because of the delayed adoptio

Salesforces shares fell 5% in extended trading after the company reported fiscal 2026 sales below Wall Street forecasts because of the delayed adoption of its AIpowered Agentforce platform. The companys revenue forecast falls short of analysts $41.35 billion estimate, coming in between $40.5 billion and $40.9 billion. Adjusted earnings per share are expected at $11.09–$11.17, somewhat below estimates. With enterprises cautious due to high interest rates, analysts stress that Agentforces success is critical for Salesforces return to doubledigit growth. The business posted Q4 revenue of $9.99 billion, missing the $10.04 billion target. Salesforce is up against fierce competition from Amazon and Microsoft as AI agents surpass chatbots thus, its AI strategy is essential to its future expansion. Read More..

B2B Tech News | 5 months ago        

Bidcorp Reports 6% Profit Growth, Boosted by Strong Festive Season

A stronger festive season in Q2 helped Bidcorp, an international food services firm based in South Africa, report a 6% increase in halfyear profitabil

A stronger festive season in Q2 helped Bidcorp, an international food services firm based in South Africa, report a 6% increase in halfyear profitability and a 3.6% increase in revenue to 117.9 billion rand. At 12.21 rand, headline profits per share HEPS increased by 10% in constant currency. The firm announced an interim dividend of 5.6 rand per share, up 6.7% over the previous year. Trading profit increased 6.8% to 6.3 billion rand despite low food inflation and poor consumer demand. Despite severe weather and economic difficulties, its European segment—the largest by revenue and profit—performed well. Read More..

B2B Tech News | 5 months ago        

OCBC Reports 4% Rise in Q4 Profit, Below Expectations Shares Drop

Despite reporting a lowerthanexpected 4% increase in Q4 net profit to S$1.69 billion, OCBC, Singapores secondlargest bank, announced a S$2.5 billion $

Despite reporting a lowerthanexpected 4% increase in Q4 net profit to S$1.69 billion, OCBC, Singapores secondlargest bank, announced a S$2.5 billion $1.87 billion capital return. The bank anticipates Southeast Asia will continue to be resilient while warning of an uncertain global environment brought on by U.S. trade tariffs. OCBC predicts a net interest margin drop to about 2% from 2.2% and midsingledigit loan growth in 2025, down from 8% in 2024. Special dividends and share buybacks spread over two years are included in its capital return. On the announcement, OCBC shares fell as much as 2.8%, in contrast to peers DBS and UOB, who reported better profits. Read More..

B2B Tech News | 5 months ago        

Tata Capital Plans IPO by September, Marking Tata Group’s Latest Market Entry

In an initial public offering IPO, Tata Capital, the financial services division of the $165 billion Tata Group, will issue 230 million new shares whi

In an initial public offering IPO, Tata Capital, the financial services division of the $165 billion Tata Group, will issue 230 million new shares while allowing current shareholders to sell their holdings. By September 2024, "upper layer" nonbanking financial enterprises must be listed, as required by the Indian Central Bank. Given that Tata Technologies went public in November 2023, this will be the first IPO of the Tata Group. In March 2024, Tata Sons owned 92.8% of Tata Capital, which was founded in 2007 and provides a range of lending products. The corporation has also approved a rights offer of ₹15.04 billion $173 million. Additional IPO information has not yet been made public. Read More..

B2B Tech News | 5 months ago        

G20 Finance Talks in South Africa Hit by Key Absences, Climate Finance Disputes

Key absences and disagreements on debt, inequality, and climate funding cloud discussions when G20 finance ministers and central bankers gather in Sou

Key absences and disagreements on debt, inequality, and climate funding cloud discussions when G20 finance ministers and central bankers gather in South Africa. U.S. Treasury Secretary Scott Bessent, EU Commissioner Valdis Dombrovskis, and Japans Finance Minister Katsunobu Kato will not attend the meeting. Although progress appears improbable, the host country, South Africa, wants to advocate for more climate financing and financial reforms to help poorer nations. According to some, the G20s power is weakened, but others see an opening for new partnerships. Although differences could impede the shift to renewable energy, South African President Cyril Ramaphosa emphasises the need for wealthier countries to address climate change. Read More..

B2B Tech News | 5 months ago        

Japan Post to Sell $4B in Japan Post Bank Shares, Reducing Stake Below 50%

Japan Post Holdings intends to sell around 600 billion yen $4.02 billion worth of Japan Post Bank shares to lower its ownership below 50%. This action

Japan Post Holdings intends to sell around 600 billion yen $4.02 billion worth of Japan Post Bank shares to lower its ownership below 50%. This action will reduce constraints intended to safeguard private companies, giving Japan Post Bank greater business freedom. Japans corporate governance reforms, which examine "parentchild" listings and advocate for more excellent freefloat share ratios, align with the sale. With a share buyback also planned by Japan Post Bank, the decision may be decided this week. Japan Post has already decreased its stake in Japan Post Insurance to 49.8%, lowering its stake from 61.5% in 2023. Because of the higher interest rates, the bank reported a 17% increase in earnings to 308 billion yen. Read More..

B2B Tech News | 5 months ago        

Bain Capital Offers £1.1 Billion to Acquire UK Defence Firm Chemring

The shares of Londonlisted defence contractor Chemring Group saw a 16% increase after U.S. private equity firm Bain Capital proposed £1.1 billion $1.

The shares of Londonlisted defence contractor Chemring Group saw a 16% increase after U.S. private equity firm Bain Capital proposed £1.1 billion $1.39 to buy the company. Shares increased 13.7% to 407 pence at the offer of 390 pence per share, which is almost 9% more than the closing price on Friday. It is unknown whether Bains second offer was presented to Chemrings board, but Sky News reported that he had also prepared one. Neither Bain nor Chemring would comment. Among other defence goods, Chemring specialises in naval antiship missile defence systems. As concerns about global security deepen, the proposal underscores growing investor interest in the defence industry. Read More..

B2B Tech News | 5 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8953   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7452   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7780   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   7892   

5.  Approximately 8 billion gadgets connect on the internet every day.
   9065   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.