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TECH NEWS

Australian Dollar down 0.25% as expected on RBA advance. Where to go for AUD/USD?

The RBA increased its cash rate target from 2.60% to 2.85%. In the accompanying Monetary Policy Statement MPS, the bank raised their forecast for infl

The RBA increased its cash rate target from 2.60% to 2.85%. In the accompanying Monetary Policy Statement MPS, the bank raised their forecast for inflation to 8% from 7.75%. The currency had risen ahead of the decision due to a weaker US dollar. To the end of October, PI increased by 6.4% year on year, exceeding the previous reading of 5.6%. PPI takes some time to pass through the pipeline and reach CPI. If PPI continues to rise, it is difficult to imagine higher CPI or lower earnings for ASX companies. Read More..

B2B Tech News | 3 years ago          

Asian equities rise as investors watch the Fed rate decision

Despite mild losses on Wall Street overnight, Asian shares and bond yields rose in early trade on Tuesday. Investors are looking for clues on what wil

Despite mild losses on Wall Street overnight, Asian shares and bond yields rose in early trade on Tuesday. Investors are looking for clues on what will happen next at the Federal Reserves policy meeting this week. On Wednesday, the Fed is almost certain to raise interest rates by 75 basis points. Read More..

B2B Tech News | 3 years ago          

European markets close higher despite inflation and GDP paint a gloomy picture Up 6% for October

On Monday, European stocks were mostly higher as investors processed the European Central Banks decision to raise interest rates. By the close, the pa

On Monday, European stocks were mostly higher as investors processed the European Central Banks decision to raise interest rates. By the close, the panEuropean Stoxx 600 had risen 0.4%, with travel and leisure stocks up 1.5% and retail stocks down 0.5%. Stocks fell on Wall Street on Monday, but the major averages were poised to end a twomonth losing streak. Read More..

B2B Tech News | 3 years ago          

Broken dreams Leverage investments by young Koreans backfire

Many young South Koreans dabbled in leveraged investing, known in Korean as bittoo. Many of these young investors hoped to get rich quickly and reti

Many young South Koreans dabbled in leveraged investing, known in Korean as bittoo. Many of these young investors hoped to get rich quickly and retire young. However, many people are now suffering as markets have crashed and interest rates have risen. Through stock investing, one man saw his fourmonth salary vanish. Retail investors in their twenties and thirties account for 41 percent of all Kospi investors.Data show that bittoo was disproportionately popular among youth in 2021, when the prices of equities and digital coins skyrocketed. As the high losses of young traders from digital coins became a social issue, the South Korean government devised a debt relief plan for them. Read More..

B2B Tech News | 3 years ago          

Live Heats, an extreme sports tech business, debuts a starstudded board.

In 2016, Chris Friend and Fernando Freire cofounded Live Heats. The allinone platform for various sporting events is sweeping the globe. For the past

In 2016, Chris Friend and Fernando Freire cofounded Live Heats. The allinone platform for various sporting events is sweeping the globe. For the past ten months, Friend has been based in New York to be closer to the action in the largest markets. The Live Heats platform streamlines athlete registrations and automates the creation of heat draws, including seeding and progression rules. The company began as an afterwork project for the two entrepreneurs until it grew to the point where they could both quit their day jobs and work fulltime on it. Read More..

B2B Tech News | 3 years ago          

Egyptbased cleantech KarmSolar secured $2.4 million in funding

KarmSolar has secured EGP47 million in funding for Egypts first financed solar Power Purchase Agreement PPA battery storage system. This is part of a

KarmSolar has secured EGP47 million in funding for Egypts first financed solar Power Purchase Agreement PPA battery storage system. This is part of a Phase 2 expansion of KarmSolars existing solar microgrid solution for the Cairo 3A poultry farm facility. Read More..

B2B Tech News | 3 years ago          

MRI Software enters into a $93.4 million deal to acquire the real estate software group PropTech

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unan

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unanimously recommends that shareholders accept the acquisition offer of $0.60 per share. More than 60,000 property professionals are said to use PropTechs brands. In the previous year, the business processed more than $179 billion in property sales. MRI Software and PTG have agreed on a plan of action for PropTechs acquisition. Read More..

B2B Tech News | 3 years ago          

Global markets Asian stocks increase on anticipation of a pause in Fed hikes.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted. The performance comes after a Friday gain on Wall Street, although bond and currency markets are dampening bets on the Fed changing its tone. According to an official survey released on Monday, Chinas industry activity dipped unexpectedly in October. Investors were particularly concerned by the resignation of the chairman of Beijingbased property developer Longfor Group. The Fed is almost certain to raise rates by 75 basis points on Wednesday, with markets focusing on the Feds outlook message. Read More..

B2B Tech News | 3 years ago          



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