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Bank of England Holds Interest Rates Steady at 4.75% Amid Split Among Policymakers

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rat

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rates at 4.75%. In response to a weakening economy plagued by inflation, Deputy Governor Dave Ramsden and new committee member Alan Taylor joined longtime dove Swati Dhingra in calling for a cut. Governor Andrew Bailey stressed the need for careful rate decreases in light of the uncertain economy. Although the UK economy shrank in September and October, the BoEs projections suggest that there may be room for modest cuts in 2025, given ongoing inflation. Economists predict more rate reduction later in the year, and market estimates now predict a 45% chance of a rate cut in February. Read More..

B2B Tech News | 7 months ago        

India’s National Stock Exchange Leads Global IPO Market, Outpaces U.S. Exchanges

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The National Stock Exchange in Mumbai has surpassed U.S. exchanges to become the busiest IPO market globally, thanks to a 149% increase in IPO value to $18.4 billion over the previous year. Indias strong growth helped it to take 16.8% of the global IPO market. The IPO volume in Australia increased by 294% due to big deals like HMC Capitals A$2 billion Digico REIT listing. The recent performance of new initial public offerings IPOs, especially Digico, has brought attention to modifying pricing expectations. In the meantime, Chinas initial public offering IPO market fell 74%, raising optimism for a rebound in the face of government stimulus plans. Read More..

B2B Tech News | 7 months ago        

Eskom Reports R55 Billion Loss Amid Restructuring, Eyes Profit by 2025

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion loss for the fiscal year that ended in March 2023. Eskom expects to make more than R10 billion in profit for the fiscal year that ends in March 2025 despite these losses. Under the reform plan of President Cyril Ramaphosa, the utility is being reorganised into three divisions distribution, transmission, and generating. Rising municipal arrears, unsustainable debt, underperforming coal power plants, and insufficient tariffs were blamed for the losses. Nonetheless, revenue for the year ended March 2024 increased by 14% to R295.8 billion. Significantly, Eskoms supply stabilised, with no power outages for nine months, boosting company confidence and laying the groundwork for a rebound. Read More..

B2B Tech News | 7 months ago        

YPF and Shell Seal $50 Billion Deal for Argentina’s LNG Project Development

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important internat

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important international markets. The agreement reached in the Netherlands is Shells first phase of the project, which aims to produce 10 million metric tonnes of LNG annually. Shells involvement was praised by YPF President Horacio Marin, who also emphasised the importance of Shells experience in establishing Argentina as a trustworthy energy provider. While Petronas will continue to develop the La Amarga Chica area in Vaca Muerta, a large unconventional gas and oil reserve, the agreement ends Petronas involvement in the project. Onshore LNG facilities will be built in later stages. Read More..

B2B Tech News | 7 months ago        

SBB Secures 95% Bondholder Acceptance in €2.78 Billion Restructuring Effort

After completing a bond exchange offer valued at €2.78 billion $2.92 billion, Swedish real estate giant SBB is positioning itself for increased flex

After completing a bond exchange offer valued at €2.78 billion $2.92 billion, Swedish real estate giant SBB is positioning itself for increased flexibility in selling properties and lowering total debt. Ninetyfive per cent of the relevant bondholders have approved this reorganisation, which attempts to resolve creditor concerns. The transaction marks a new beginning for longterm partnerships with creditors, CEO Leiv Synnes stressed, lowering liquidity concerns before a lawsuit by bondholders demanding payback. Analysts observe that the exchange boosts SBBs capacity to control liquidity and reduce default risks, which leads to a 22% gain in the companys share price. To improve operations and minimise leverage after a difficult market time, SBB intends to restructure further. Read More..

B2B Tech News | 7 months ago        

Biden Administration Set to Revise Export Controls, Boost U.S.India Space Cooperation

To improve collaboration between Indian and American enterprises in the space industry, the departing Biden administration is completing a national se

To improve collaboration between Indian and American enterprises in the space industry, the departing Biden administration is completing a national security memorandum to amend U.S. export control procedures under the Missile Technology Control Regime MTCR. Lowering obstacles for American businesses doing business with Indian companies is the goal of the upgrade. Indian astronauts and U.S. officials recently discussed essential developments in both countries space programs at NASAs Johnson Space Centre. Significant projects include a collaborative satellite effort to monitor Earth and the Initiative on Critical and Emerging Technologies ICET. In keeping with their growing collaboration in space exploration and national security, both nations also hope to send Indian astronauts on their subsequent missions. Read More..

B2B Tech News | 7 months ago        

Dealmaker Optimism 2025 Could See Record Global M&A Volumes Amid Regulatory Easing

Top dealmakers predict that U.S. Presidentelect Donald Trumps probusiness policies, such as reduced corporate taxes and less regulation, will propel w

Top dealmakers predict that U.S. Presidentelect Donald Trumps probusiness policies, such as reduced corporate taxes and less regulation, will propel worldwide mergers and acquisitions M&A to surpass $4 trillion in 2025, the most significant amount in four years. Kirkland & Ellis M&A partner Daniel Wolf voiced worries about erratic elements like tariff fights impacting deal economics. "Antitrust enforcement is likely to be more lenient, creating a favourable environment for M&A," Jay Hofmann of JPMorgan said. Deutsche Banks Alison HardingJones anticipates more crossborder transactions as inflation stabilises and interest rates drop. According to analysts, a thriving M&A environment is expected in the future, and they also forecast an increase in takeprivate deals and a focus on strategic regional changes among firms. Read More..

B2B Tech News | 7 months ago        

Bank of Japan Holds ShortTerm Policy Rate at 0.25% Amid Economic Uncertainties

The Bank of Japan BOJ took a cautious stance in the face of uncertainty surrounding the economic intentions of U.S. Presidentelect Donald Trump by vot

The Bank of Japan BOJ took a cautious stance in the face of uncertainty surrounding the economic intentions of U.S. Presidentelect Donald Trump by voting 81 to keep its shortterm policy rate at 0.25%. Dissident member Naoki Tamura suggested raising rates to 0.5% because of growing inflationary threats nonetheless, his proposal was turned down. Following the U.S. Federal Reserves rate drop and cautious softening stance for the coming year, which affected international financial markets, the decision to maintain rates was made. About the dollar, the yen dropped to a onemonth low of 155.28. A possible rate hike in early 2025 is something that many analysts expect, especially as the BOJ keeps an eye on inflation brought on by the dropping yen and the general economic improvement. Read More..

B2B Tech News | 7 months ago        



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