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Investors Pivot to Swiss Franc for Carry Trades as Yen Loses Appeal, Raising Risk of Sudden Rally

The possibility of an abrupt franc gain is still significant as speculators move their money for carry bets from the Japanese yen to the Swiss franc.

The possibility of an abrupt franc gain is still significant as speculators move their money for carry bets from the Japanese yen to the Swiss franc. As the yens attraction wanes, particularly in light of its substantial increase in August, the Swiss francs low interest rate of 1.25% has emerged as a desirable financing currency. Although the franc is a preferred choice due to its stability and safehaven reputation, there are hazards associated with its unpredictable character. Investors can suffer significant losses if the franc suddenly rallies in response to unsettling global markets or poor U.S. economic data. This technique is further complicated by the actions taken by the Swiss National Bank to stop undue appreciation. Read More..

B2B Tech News | 2 months ago          

BlackstoneCPPIB Consortium Nears A$20 Billion Acquisition of Australian Data Center Giant AirTrunk

An agreement to purchase Australian data centre operator AirTrunk for A$20 billion $13.53 billion, including debt, is almost finalised by a group led

An agreement to purchase Australian data centre operator AirTrunk for A$20 billion $13.53 billion, including debt, is almost finalised by a group led by Blackstone and the Canada Pension Plan Investment Board CPPIB. After beating out a competing consortium in bidding, Blackstone and CPPIB were declared the preferred buyers. The agreement, which calls for buying AirTrunk from its present owners, the Public Sector Pension Investment Board PSP of Canada and Macquarie Group, may be made public soon. Macquarie and PSP have refrained from commenting on the deal, as have Blackstone and CPPIB. The acquisition shows Australias rising interest in data centre architecture. Read More..

B2B Tech News | 2 months ago          

Indonesias Inflation Rate Holds Steady at 2.12% in August, Aligns with Bank Indonesias Target

After barely changing from Julys 2.13% to 2.12% in August, Indonesias annual inflation rate was comfortably within Bank Indonesias target range of 1.5

After barely changing from Julys 2.13% to 2.12% in August, Indonesias annual inflation rate was comfortably within Bank Indonesias target range of 1.5% to 3.5% this year. Based on market expectations, this rate is the lowest since February 2022. Beyond the prediction of 1.98%, core inflation increased somewhat to 2.02% in July from 1.95%. To keep the rupiah stable and control volatility in the global market, Bank Indonesia has kept interest rates comparatively high even if inflation has been steady. There may be space for monetary easing in the upcoming quarter to promote economic development, according to Governor Perry Warjiyo, even if maintaining currency stability is still a top priority. Read More..

B2B Tech News | 2 months ago          

Alstom Finalizes $690 Million Sale of North American Signalling Business to KnorrBremse

The $690 million sale of Alstoms conventional signalling business in North America to KnorrBremse has been finalised. Alstom manufactures trains in Fr

The $690 million sale of Alstoms conventional signalling business in North America to KnorrBremse has been finalised. Alstom manufactures trains in France. Alstoms €2 billion $2.2 billion deleveraging plan, which aims to reduce debt, has reached a significant milestone with this purchase. The transaction, initially disclosed in April, is a component of a larger plan that also included a big shareholderbacked €1 billion rights issue. Problematic contracts from the 2021 acquisition of Bombardiers rail division have contributed to Alstoms financial difficulties. Alstom is the secondlargest train manufacturer in the world after CRRC. Read More..

B2B Tech News | 2 months ago          

ByteDance Secures $9.5 Billion Loan, Set to Be Asia’s Largest DollarDenominated Facility

A $9.5 billion loan, the largest corporate facility in Asia outside of Japan denominated in dollars, is being secured by TikToks owner, ByteDance. Wit

A $9.5 billion loan, the largest corporate facility in Asia outside of Japan denominated in dollars, is being secured by TikToks owner, ByteDance. With three years that may be extended to five, Citigroup, Goldman Sachs, and JPMorgan are arranging the loan. Refinancing a $5 billion dualtranche facility will be partially done with the funds. To support ByteDances financial plan, the banks work on a complex agreement, and the talks are private. Read More..

B2B Tech News | 2 months ago          

Threat Actors Deploy Malware Disguised as Palo Alto GlobalProtect VPN in Middle East

Threat actors are primarily targeting organisations in the Middle East using malware that poses as the genuine Palo Alto GlobalProtect VPN program and

Threat actors are primarily targeting organisations in the Middle East using malware that poses as the genuine Palo Alto GlobalProtect VPN program and can run remote PowerShell commands. Phishing emails are probably how the attackers started the attack, using this business security software as bait. Running a bogus "setup.exe" file on the victims computer allows the virus to install a phoney "GlobalProtect.exe," which installs and looks authentic while secretly damaging the system. The virus then speaks with a command and control C2 server, transmitting and receiving encrypted information to propagate throughout the network. Trend Micro found that the effort is highly focused and uses newly registered C2 domains and customised URLs to avoid detection. Read More..

B2B Tech News | 2 months ago          

Nokia Boosts Fixed Networks R&D in Chennai, Solidifies Tamil Nadus Role as Tech Hub

In Chennai, Tamil Nadu, Nokia has announced that it is expanding its Fixed Networks R&D centre, making it the largest for its Fixed Networks division

In Chennai, Tamil Nadu, Nokia has announced that it is expanding its Fixed Networks R&D centre, making it the largest for its Fixed Networks division and among the largest globally. This expansion, backed by the government of Tamil Nadu, highlights Nokias dedication to developing technologies such as Fixed Wireless Access, WiFi solutions, 10G, 25G, 50G, and 100G PON. A Memorandum of Understanding MoU formalising the partnership demonstrates Tamil Nadus increasing stature as a technology centre and underscores Chennais strategic significance in Nokias worldwide operations. This project aims to significantly enhance Nokias worldwide R&D capabilities by fostering innovation in the telecom sector and producing highvalue jobs. Read More..

B2B Tech News | 2 months ago          

Amazons New Alexa Integrates Claude AI, Offering Premium Features for Paid Users

Anthropics Claude AI will be integrated into Amazons redesigned Alexa, which is set to ship in October, to provide enhanced capabilities over Amazons

Anthropics Claude AI will be integrated into Amazons redesigned Alexa, which is set to ship in October, to provide enhanced capabilities over Amazons current AI models. While the "Classic" version is free, the "Remarkable" version, which costs $5 to $10 per month, offers improved features, including personalised shopping advice, complicated query processing, and improved home automation. With competitors like Microsoft and Apple, this change represents Amazons calculated attempt to maintain its competitiveness in the AI market. However, users willingness to pay for an ordinarily free service is questioned. Despite the possibility of delays if internal goals arent fulfilled, Amazon anticipates that the new Alexa, along with more robust AI, would strengthen its smart home ecosystem and earn substantial income. Read More..

B2B Tech News | 2 months ago          



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