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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 | 8 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 | 8 months ago        

DFSA Recognizes USDC and EURC as Crypto Tokens, Expanding Dubai’s Digital Economy

USDC and EURC are now accepted as cryptocurrency tokens by Dubais Financial Services Authority DFSA, enabling businesses in the DIFC to use them for d

USDC and EURC are now accepted as cryptocurrency tokens by Dubais Financial Services Authority DFSA, enabling businesses in the DIFC to use them for digital asset services, treasury management, and payments. The approval allows for speedier crossborder transactions and smooth fiattocrypto conversions, avoiding traditional costs, for the more than 6,900 businesses in the DIFC. Calling it a stablecoin milestone, Circles Chief Strategy Officer Dante Disparte emphasised the transparency and compliance of USDC and EURC. Stablecoins are joining the list of cryptocurrencies that Dubai already recognises, along with Bitcoin, Ethereum, Litecoin, Toncoin, and Ripple. With Binance and Sony incorporating stablecoins into their Web3 operations, Circle, the secondlargest stablecoin issuer after Tether, has handled $18 trillion in USDC transactions since 2018. Read More..

B2B Tech News | 8 months ago        

S&P India, South Korea, Thailand Most at Risk from Potential Trump Tariffs

India, South Korea, and Thailand are the AsiaPacific economies most vulnerable to possible tariff hikes under US President Donald Trumps administratio

India, South Korea, and Thailand are the AsiaPacific economies most vulnerable to possible tariff hikes under US President Donald Trumps administration, according to S&P Global Ratings. According to the study, these countries have more significant weighted average tariffs on U.S. goods than the U.S. imposes on imports from these countries. As such, they are more vulnerable to retaliatory tariffs the United States imposes. Thailand, South Korea, Taiwan, and Vietnam may be most affected economically because of their high trade exposure to the U.S. market. India and Japan, on the other hand, have more domestically focused economies, which would provide some protection against these tariff effects. Read More..

B2B Tech News | 8 months ago        

Intuit’s AIDriven Tax and Finance Tools Fuel HigherThanExpected Q3 Forecast

TurboTaxs creator, Intuit, predicted higherthanexpected revenue for the third quarter due to robust demand for its artificial intelligence AIpowered f

TurboTaxs creator, Intuit, predicted higherthanexpected revenue for the third quarter due to robust demand for its artificial intelligence AIpowered financial software. Sales have increased due to the ongoing tax season in the United States, and CFO Sandeep Aujla is optimistic about the year. By automating financial management, Intuits AI assistant, Intuit Assist, is incorporated into its products, including TurboTax, Credit Karma, and QuickBooks. The business exceeded forecasts of $3.83 billion in revenue for the second quarter, reporting $3.96 billion. Its predicted earnings per share of $10.89–$10.95 was less than the forecasted $11.48, even though its Q3 revenue prediction of $7.55–$7.60 billion surpassed analysts forecasts. Despite last years layoffs, Intuit swiftly rehired and reiterated its fiscal 2025 outlook. Read More..

B2B Tech News | 8 months ago        

Telefónica Sells Argentina Unit for $1.245B Amid Latin America Exit Strategy

Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 bill

Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 billion. After the sale was finalised on Monday, President Javier Mileis office in Argentina expressed alarm over possible monopolisation, pointing out that the acquisition might give one company control over 70% of telecom services. The administration has promised to take action to stop this. Telefónica has been reducing its debt and investing in 5G by pulling out of Latin America. It recently filed for bankruptcy protection in Peru and is looking into selling in Mexico and Colombia. The acquisition will help Telecom Argentina increase its investments in fiberoptic and 5G networks. Read More..

B2B Tech News | 8 months ago        

EFTA Nations Pledge $100 Billion Investment in India Under TEPA

Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trad

Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trade Association EFTA members. India and the EFTA nations recently signed the Trade and Economic Partnership Agreement TEPA, which includes this promise. Although many are eager, India competes with other Asian countries for these investments. Swiss Consul General Martin U. Maier underlined the need to lure Swiss businesses to expand their operations in India. By lowering duties on almost 95% of Swiss exports to India, the TEPA seeks to improve economic cooperation and increase Swiss companies access to the Indian market. Read More..

B2B Tech News | 8 months ago        

Japan Proposes Tesla Invest in Nissan After Failed Honda Merger Talks

After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesl

After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesla invest in Nissan. There is conjecture that Tesla may buy Nissans U.S. plants in the face of possible auto tariffs from the Trump administration. The proposal, spearheaded by former Tesla board member Hiromichi Mizuno, is resisted because Tesla favours its specially built plants. Sugas office was unaware of the concept, and Mizuno denied involvement. Foxconn is promoting a fourway partnership with Honda, Nissan, and Mitsubishi to compete with Chinese EV manufacturers and Tesla. After the reports, Nissans stock jumped 9.6%, but neither Tesla nor Apple would respond, raising doubts about the viability of these relationship and investment ambitions. Read More..

B2B Tech News | 8 months ago        



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