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Hong Kong stocks rise in mixed AsiaPacific session, Softbank shares fall 14%

In the last hour of trading, the Hong Kong Hang Seng index increased 1.71%, primarily due to gains in property stocks. The Shanghai Composite on China

In the last hour of trading, the Hong Kong Hang Seng index increased 1.71%, primarily due to gains in property stocks. The Shanghai Composite on Chinas mainland reversed earlier advances and dropped 0.13%. Tech goliath SoftBank Group dragged down Japans benchmark index. The largest MSCI index of AsiaPacific stocks outside of Japan increased by 0.6%. After U.S. consumer prices increased less than forecast and China announced some easing of its Covid measures, shares in the region ended last week on a positive note. Read More..

B2B Tech News | 2 years ago          

Stocks in Australia end softer as a profit booking

At the closing bell, the benchmark S&P/ASX200 index was down 11.61 points, or 0.16%, to 7,146.35. The All Ordinaries index rose 0.13 point, or 0.00%,

At the closing bell, the benchmark S&P/ASX200 index was down 11.61 points, or 0.16%, to 7,146.35. The All Ordinaries index rose 0.13 point, or 0.00%, to 7,350.23. The information technology sector outperformed up 5%, followed by property trusts up 4.1%, materials up 3.7%, and healthcare 3.6%. All of the Big Four banks equities fell, followed by top lender Commonwealth Bank of Australia. Perenti, a mining services provider, rose 6.3% after raising its earnings forecast for fiscal 2023. Energy stocks climbed as oil prices surged on expectations of improved Chinese demand. Read More..

B2B Tech News | 2 years ago          

Australia blames cybercriminals in Russia for Medibank data breach

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal informatio

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal information has been released. Data pertains to 9.7 million previous and current consumers, including 1.8 million international customers. The files contain healthcare claims information for nearly 500,000 people. According to cyber security experts, the criminals are most likely associated with REvil, a Russian ransomware gang. The group is wellknown for carrying out largescale attacks on targets in the United States and elsewhere. Read More..

B2B Tech News | 2 years ago          

Sam BankmanFrieds FTX Australia enters administration

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurre

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurrency exchange utilised more than US$6 billion in customer deposits to finance its own trading tactics through a different business run by Sam BankmanFried. The assets of FTX Digital Markets have been put on ice by the Bahamas Securities Commission. For FTX Australia, administrators KordaMentha have been selected. BlockFi, which is controlled by FTX, stopped accepting withdrawals, and its believed that fellow cryptocurrency exchange Genesis has a significant stake in the firm. Read More..

B2B Tech News | 2 years ago          

Meta closes Quitter, a tool that shows data on employee attrition and turnover trends as layoffs rock the business

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff members. More than 11,000 employees, or 13% of the companys total, are being let go. Employees who are laid off will receive 16 weeks of base salary plus two additional weeks of pay for each year of service. Read More..

B2B Tech News | 2 years ago          

Japans SoftBank returns to profit as investments pick up

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company r

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company reported. Profits from prepaid contracts using Alibaba shares, a decrease in interestbearing debt, and investment gains were a few of the elements increasing its bottom line, according to SoftBank. More than 4 trillion yen $28 billion in profits were generated by the settlement of prepaid shares in the massive ecommerce company Alibaba. Among the many businesses that SoftBank invests in include mobile carrier SoftBank, web services provider Yahoo, and vehicleforhire business Didi. Read More..

B2B Tech News | 2 years ago          

COP 27 events highlight the power of finance for climate, adaptation in Africa

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a s

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a side event of the 27th UNFCCC Conference of Parties in Sharm elSheikh. The Scottish Government and University College London Institute for Innovation and Public Purpose coordinated the event. The Multilevel Action Pavilion is being organised by ICLEI, the focal point of the LGMA Constituency, along with more than 40 other partners at COP 27. Sessions at the Pavilions agenda will focus on how local and regional organisations can take successful action at various levels of governance. Read More..

B2B Tech News | 2 years ago          

US Department of Justice asks Binance for information about FTX

According to reports, Binance is being pressed by the US Department of Justice for information regarding its recent conversations with FTX. In respons

According to reports, Binance is being pressed by the US Department of Justice for information regarding its recent conversations with FTX. In response to due diligence and the latest news reports regarding mishandled customer funds, Binance cancelled a deal to acquire FTX. Read More..

B2B Tech News | 2 years ago          



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