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ServiceTitan Shares Surge 42% in Strong Nasdaq Debut, Valuation Approaches $9 Billion

In their Nasdaq debut on Thursday, ServiceTitans shares jumped over 42%, beginning at $101 instead of the IPO price of $71, giving the company a nearl

In their Nasdaq debut on Thursday, ServiceTitans shares jumped over 42%, beginning at $101 instead of the IPO price of $71, giving the company a nearly $9 billion valuation. This is a minor decline compared to the companys prior valuation of $9.5 billion in a capital round headed by Thoma Bravo in 2021. Favourable market conditions, such as strong equities markets and reduced interest rate forecasts, are credited with the impressive success. By selling 8.8 million shares, ServiceTitan, a cloudbased software supplier for more than 11,800 HVAC companies, raised almost $625 million. Goldman Sachs, Morgan Stanley, and other prominent companies spearheaded the IPO, indicating growing investor interest in these offerings. Read More..

B2B Tech News | 11 months ago        

Bank of Mexico Confident in Financial System Amid Economic Weaknesses and Market Volatility

Despite the nations economic vulnerabilities and the risks associated with market volatility and possible trade disputes, the Bank of Mexico, Mexicos

Despite the nations economic vulnerabilities and the risks associated with market volatility and possible trade disputes, the Bank of Mexico, Mexicos central bank, stated confidence in the financial system. The bank emphasised the resilience of financial institutions in its biannual financial stability report, pointing out that capital and liquidity levels surpass legal minimums. The elections and Presidentelect Donald Trumps threats of U.S. tariffs on Mexican goods have caused considerable volatility in Mexican markets over the second part of the year. Banxico stated that market behaviour remained "relatively orderly" despite these difficulties. Despite highlighting the benefits of nearshoring trends for bank credit and economic integration with the United States, the central bank projects modest growth of 1.8% in 2024 and 1.2% in 2025. Read More..

B2B Tech News | 11 months ago        

Brazil’s Central Bank Hikes Interest Rates to 12.25%, Signals Further Increases Ahead

At its subsequent two sessions, the Brazilian central bank indicated that interest rates may be raised by another 100 basis points, which would lift t

At its subsequent two sessions, the Brazilian central bank indicated that interest rates may be raised by another 100 basis points, which would lift the benchmark Selic rate to 12.25%. If this pattern continues, the rate may hit 14.25% by March, demonstrating the banks resolve to keep inflation under control in the face of strong economic growth and a competitive job market. The decision was made in response to President Lula da Silvas administrations spending cut package, which was below expectations, affecting inflation dynamics and undermining trust in fiscal management. The central bank increased its forecast for inflation from 4.6% to 4.9% this year. While controlling the budgetary risks brought on by rising debt servicing expenses, this tightening cycle seeks to meet the 3% inflation target. Read More..

B2B Tech News | 11 months ago        

Bank of Japan Poised to Hold Interest Rates Steady Amid Economic Uncertainty

To carefully evaluate foreign concerns and the wage forecast for the upcoming year, officials are expected to keep interest rates constant next week a

To carefully evaluate foreign concerns and the wage forecast for the upcoming year, officials are expected to keep interest rates constant next week at the Bank of Japans BOJ meeting. This choice may make a rate hike more likely in January or March when additional wage trend data becomes available. Regarding the December decision, the BOJ is divided some members think the time is suitable for an increase, while others urge caution in light of the present inflation rate. As market expectations fluctuate, the BOJs final policy meeting of the year is scheduled for December 18–19. Most economists predict a rate increase to 0.5% by the end of March. Read More..

B2B Tech News | 11 months ago        

South Korean Political Turmoil Exposes Need for Corporate Reform Amid Korea Zinc Control Battle

Political unrest and the pressing need for measures to curtail the influence of familyowned corporations have escalated since the failed coup attempt

Political unrest and the pressing need for measures to curtail the influence of familyowned corporations have escalated since the failed coup attempt of South Korean President Yoon Suk Yeol. Despite a power struggle involving Chair Yun B. Choi, the KOSPI index needs help as Korea Zinc prepares for a crucial $22 billion shareholder meeting in January to consider new board members. To thwart a takeover effort by the private equity company MBK and another founding family, Choi attempted to sell $1.8 billion worth of shares, which drew criticism. Even if this proposal is dropped, he will still be the CEO. Directors duties are mainly to the corporation, not shareholders, which brings essential corporate governance issues to light. In the corporate environment of South Korea, it is becoming more and more critical to reform rules to guarantee equitable treatment of shareholders. Read More..

B2B Tech News | 11 months ago        

Australia Penalizes Bit Trade $5.1 Million for Unlawful Credit Facility Offerings

Bit Trade, the regional operator of the cryptocurrency exchange Kraken, has been fined A$8 million $5.1 million by Australias corporate regulator for

Bit Trade, the regional operator of the cryptocurrency exchange Kraken, has been fined A$8 million $5.1 million by Australias corporate regulator for illegally providing a credit facility to more than 1,100 clients. According to the Australian Securities and Investments Commission ASIC, Bit Trade lost more than $5 million due to improperly determining whether clients were eligible for its margin trading product. This product enabled margin extensions, effectively loans or credit that may be repaid with traditional currencies like the US dollar or digital assets like Bitcoin. In August, the Federal Court of Australia declared that this offering qualified as a credit facility, which requires a precise target market analysis to shield investors from potentially hazardous goods. Read More..

B2B Tech News | 11 months ago        

India Opposes ChinaLed Investment Facilitation Proposal at WTO, Citing Sovereignty Concerns

India has voiced its resistance to a World Trade Organisation WTO plan spearheaded by China for investment facilitation, claiming that it could compro

India has voiced its resistance to a World Trade Organisation WTO plan spearheaded by China for investment facilitation, claiming that it could compromise its control over its investment policy. India raised worries that the plan may make it more difficult for countries to control investment flows in accordance with their economic priorities during WTO talks, stressing the necessity for flexibility in foreign investment regulation. Although the idea seeks to improve transparency and expedite investment procedures, India thinks there may be unforeseen repercussions, particularly for developing nations. Indias position demonstrates its resolve to uphold authority over its economy while negotiating the intricacies of global trade accords. Read More..

B2B Tech News | 11 months ago        

India and Australia Advance Negotiations on Comprehensive Economic Cooperation Agreement CECA

According to a statement released by the U.S. Department of Commerce, India and Australia are moving closer to completing the Comprehensive Economic C

According to a statement released by the U.S. Department of Commerce, India and Australia are moving closer to completing the Comprehensive Economic Cooperation Agreement CECA. Negotiators from both nations focused on market access that supports Indias food security objectives during a threeday meeting from December 46. Topics covered included mobility, agritech collaboration, trade in commodities and services, and more. Ravi Kewalram led the Australian team, while Rajesh Agrawal led the Indian mission. Both parties voiced optimism about the CECA after notable progress in the 10th round of negotiations in Sydney in August, highlighting possible cooperation in supply chain resilience, market access, and agricultural innovation. The CECA addresses government procurement, competition legislation, and digital trade. Read More..

B2B Tech News | 11 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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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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