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Australia/Oceania

ANZ Bank Predicts Gold to Hit $3,200/oz in Six Months Amid Market Uncertainty

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The economic uncertainty associated with U.S. President Donald Trumps tariff policy caused gold to soar beyond $3,000 an ounce. Geopolitical concerns, loosening monetary policy, and robust central bank purchases are all blamed for the increase. Gold has risen more than 14% this year, reaching 14time highs. In addition to reducing liquidity in the London spot gold market, import duties have caused spreads on Comex futures to widen. Silver prices are expected to fluctuate between $34 and $36 an ounce, with demand from investors having a significant impact. Read More..

B2B Tech News | 9 days ago         

India, New Zealand Restart CECA Talks After DecadeLong Pause

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began in April 2010 and came to a standstill in 2015 following nine rounds. The revived talks aim to promote mutual progress and prosperity by increasing trade in investments, goods, and services. During New Zealand Prime Minister Christopher Luxons fourday visit to India, Commerce and Industry Minister Piyush Goyal and Trade and Investment Minister Todd McClay made the announcement. Between April and January 2025, bilateral trade between the two countries exceeded $1 billion, demonstrating consistent growth. With an emphasis on fair results that strengthen supply chain integration and expand market access, the CECA discussions aim to open up new opportunities for companies and consumers. Read More..

B2B Tech News | 9 days ago         

Australia Launches $16M Trade Accelerator Fund to Boost India Ties

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising sustainable energy, tourism, agribusiness, and education. The plan lists fifty engagement opportunities to enhance IndoPacific economic cooperation. An extra $4 million has been set up for the Maitri Grants program to strengthen business and cultural relationships. Australias commercial diversification depends on India, Prime Minister Anthony Albanese stressed. By the end of the year, the program will have reduced $2 billion in tariffs and saved businesses millions of dollars under the current free trade deal. Additionally, Australia is moving on with trade negotiations for a new agreement to increase investment opportunities and strengthen strategic and economic links in the IndoPacific. Read More..

B2B Tech News | 21 days ago         

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 | 21 days ago         

New Zealand’s Economy Shows Signs of Recovery After Mid2024 Slump

According to RBNZ Chief Economist Paul Conway, the New Zealand economy bottomed out in the middle of the year and only started to recover in December

According to RBNZ Chief Economist Paul Conway, the New Zealand economy bottomed out in the middle of the year and only started to recover in December 2024. Highfrequency data indicates that some businesses are improving, but there are still uncertainties, and companies might be hesitant to employ until growth levels out. Outside of the epidemic, the economy saw its most significant drop since 1991 in Q3 2024. After raising interest rates sharply to 5.5%, the RBNZ lowered them by 175 basis points to spur growth as inflation subsided. The central bank contemplated rate decreases of 25 or 75 basis points before its most recent policy review but finally decided that a 50 basis point drop was the best option. Read More..

B2B Tech News | 1 months ago         

Mitsui Acquires 40% Stake in Rio Tinto’s Rhodes Ridge for $5.34B

For $5.34 billion, Mitsui & Co. will purchase a 40% share in the Rhodes Ridge iron ore project in Western Australia, which Rio Tinto runs. The project

For $5.34 billion, Mitsui & Co. will purchase a 40% share in the Rhodes Ridge iron ore project in Western Australia, which Rio Tinto runs. The project contains 6.8 billion metric tonnes of resources, making it one of the worlds most significant untapped iron ore deposits. According to Mitsui, manufacturing will start in 2030 and initially produce 16 million tonnes per year, possibly growing to 40 million tonnes. For cost savings, the business intends to use the infrastructure already in place from its Robe River stake. The iron ore will be combined with Rio Tintos supply for shipping to Asia. Following the transaction, Rio Tinto will keep 50% of the business, Mitsui 40%, and AMB Holdings 10%. Read More..

B2B Tech News | 1 months ago         

New Zealand Cuts Interest Rates to 3.75% as Inflation Slows

The central bank of New Zealand has lowered its benchmark rate by 50 basis points to 3.75%, indicating that it will make additional cuts to boost the

The central bank of New Zealand has lowered its benchmark rate by 50 basis points to 3.75%, indicating that it will make additional cuts to boost the economy as inflation slows. Adrian Orr, the governor, anticipates two further rate decreases in April and May, bringing them to 3% by the end of the year. As expected by the market, the move devalued the New Zealand currency while increasing bank bill futures. Westpac and Kiwibank are major banks that have already reduced their mortgage rates. The aggressive rate reduction contrasts Australias and the United States cautious policies. At 2.2%, inflation is expected to increase a little before levelling out. Despite economic volatility, lower rates are intended to promote demand. Global uncertainty creates hazards, notably trade policy during Donald Trumps second term. Read More..

B2B Tech News | 1 months ago         

Insignia Financial Shares Soar as Bain Capital Raises Bid to A$2.87 Billion

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australi

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australias Insignia Financial IFL.AX jumped to a multiyear high on Monday. The amended offer gives Insignia shareholders A$4.30 per share, a premium of 4.4% over Insignias most recent closing price of A$4.12 and 7.5% above Bains first offering. A$4.25, the share price of Insignia, a 178yearold wealth manager offering asset management, financial advising, and superannuation, increased by up to 3.2%. Both companies are fighting for access to Australias A$4.1 trillion superannuation system, and the bidding war is the beginning of M&A activity in the country for 2025. Read More..

B2B Tech News | 2 months ago         



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