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China and Indonesia Sign $10 Billion in Deals to Boost Cooperation Across Key Sectors

At the IndonesiaChina Business Forum in Beijing, $10 billion in agreements were inked between China and Indonesia in industries like biotechnology, ne

At the IndonesiaChina Business Forum in Beijing, $10 billion in agreements were inked between China and Indonesia in industries like biotechnology, new energy, food, and technology. The accords come after Presidents Xi Jinping and Prabowo Subianto met, which was Prabowos first official visit since taking office. Lithium batteries, the digital economy, and new energy vehicles are important areas of cooperation. Agreements in the areas of housing, agriculture, and infrastructure were also reached, and steps like direct flights and visa restrictions were taken to improve connection and commerce. Read More..

B2B Tech News | 8 months ago        

KKR Acquires 35% Stake in Fuji Soft, Becomes Largest Shareholder

By purchasing a 35% interest through its company FK Co., KKR has completed the first phase of its twopart tender offer and is now the largest stakehol

By purchasing a 35% interest through its company FK Co., KKR has completed the first phase of its twopart tender offer and is now the largest stakeholder in Japanese software producer Fuji Soft. Through this action, KKR gains substantial control over the strategic direction of Fuji Soft, which has the potential for future privatisation. KKR will purchase the remaining shares at the same price of 8,800 yen per share in the second phase, beginning in midNovember. This expenditure aligns with KKRs plan to increase the companys worth. Read More..

B2B Tech News | 8 months ago        

DBS Bank Eyes 2025 Profit Upside Amid Trumps Tighter Fed Rate Outlook

Since Trumps administration may lead to fewer Fed rate reductions, which would strengthen net interest margins, DBS Bank, the biggest lender in Singap

Since Trumps administration may lead to fewer Fed rate reductions, which would strengthen net interest margins, DBS Bank, the biggest lender in Singapore, expects a possible increase in 2025 earnings. Piyush Gupta, the CEO, emphasised that Trumps stricter immigration and trade plans may cause inflation, which might keep the Feds rates tight. However, DBSs net profit in 2025 is anticipated to be smaller than in 2024 due to Singapores new global minimum corporation tax. Increased fee income and earnings from market trading helped DBS announce a net profit of S$3.03 billion for the third quarter of 2024. Read More..

B2B Tech News | 8 months ago        

US Federal Reserve Cuts Rates by 25bps, but Chairman Powell Cautions Over Uncertainty

Chairman Jerome Powells cautious stance, which cited uncertainty about future rate decisions, disappointed markets with the US Federal Reserves 25 bas

Chairman Jerome Powells cautious stance, which cited uncertainty about future rate decisions, disappointed markets with the US Federal Reserves 25 basis point rate drop on November 7. Trumps possible plans, such fiscal expansion, are cited by experts as having the ability to affect future rate reduction and drive inflation. The pace of rate decreases in 2025 is predicted to vary, while some anticipate a sustained emphasis on inflation. In a similar vein, the Reserve Bank of India RBI is probably going to keep interest rates unchanged until at least February 2025 because of the ongoing inflation. Read More..

B2B Tech News | 8 months ago        

Niti Aayog CEO Advocates for Indias Inclusion in RCEP and CPTPP to Boost MSMEs

With an emphasis on the advantages for Indias Micro, Small, and MediumSized Businesses MSMEs, Niti Aayog CEO BVR Subrahmanyam has pushed for Indias in

With an emphasis on the advantages for Indias Micro, Small, and MediumSized Businesses MSMEs, Niti Aayog CEO BVR Subrahmanyam has pushed for Indias inclusion in the Comprehensive and Progressive Agreement for TransPacific Partnership CPTPP and the Regional Comprehensive Economic Partnership RCEP. It is imperative that India lower its tariffs in order to become more integrated into global supply chains and take advantage of opportunities such as "China plus one." Additionally, Subrahmanyam pointed out that although Indias economic development trajectory is still solid, private sector investment is occurring more slowly than expected. Read More..

B2B Tech News | 8 months ago        

ANZ Reports 8% Drop in Annual Profit to A$6.73 Billion Amid Rising Loan Delinquencies

ANZs yearly earnings fell 8% to A$6.73 billion, below expectations, as margins were cut by competition and loan repayments that were more than 90 days

ANZs yearly earnings fell 8% to A$6.73 billion, below expectations, as margins were cut by competition and loan repayments that were more than 90 days past due increased by 47%. High interest rates and living expenses have put pressure on the bank, just like they have on other significant Australian lenders. The first rate drop in over five years is anticipated by ANZ in February 2025. Notwithstanding the weak performance, the bank stressed its efforts to manage nonfinancial risks and regulatory obligations while proposing a final dividend of 83 cents per share. Read More..

B2B Tech News | 8 months ago        

Qualcomms Q1 Outlook Surpasses Estimates on Strong Chinese Smartphone Demand and AI Growth

Due to the rise in Chinese smartphone releases and consumer demand for AIpowered products, Qualcomm has an optimistic prediction for the next fiscal q

Due to the rise in Chinese smartphone releases and consumer demand for AIpowered products, Qualcomm has an optimistic prediction for the next fiscal quarter that is higher than Wall Street had predicted. Over analyst projections, the corporation projects adjusted earnings of $2.95 per share and revenues of $10.90 billion. Qualcomms semiconductor business, anticipated to generate $9.3 billion in revenue, is expected to contribute substantially. Qualcomms high demand in China is helping it, but it faces longterm uncertainty because of Apples move to create its modem chips and ongoing legal issues with Arm over licensing. Nevertheless, Qualcomms position is strengthened by its diversification into AI and data centres and the signing of new contracts, such as with Transsion Holdings. Read More..

B2B Tech News | 8 months ago        

Thailand Poised to Benefit from U.S.China Trade War, Says Commerce Minister

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai ite

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai items are set to replace Chinese imports amid a trade conflict, increasing Thailands exports to the United States. Pichai highlighted Thailands close ties between China and the United States, enabling the nation to maintain neutrality. To indicate the possibility of more U.S. investment, he also emphasised intentions by American businesses such as Seagate and Western Digital to extend their operations in Thailand. Pichai emphasised Thailands vital position in the current dynamics of global commerce while expressing confidence for more economic cooperation. Read More..

B2B Tech News | 8 months ago        



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