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Dollar Holds Steady, Yen Hovers Near 10Month Low

As investors waited for the Federal Reserve to announce its interest rate decision, the US dollar held steady against its rivals. At 105.17, the US do

As investors waited for the Federal Reserve to announce its interest rate decision, the US dollar held steady against its rivals. At 105.17, the US dollar index remained unchanged. The yen was in the spotlight as it hovered around a 10month low. Market analysts anticipated that the Fed would keep interest rates between 5.25% and 5.50% while focusing on its guidance. According to futures markets, the likelihood of a quarterpoint rate increase in November or December was 30% or 40%, respectively. About the dollar, the yen traded around 147.83, off its most recent low but still not far off a 10month low. Though there is growing speculation over Japans exit from ultraloose policy, rates will likely remain low. Off a recent high, bitcoin was trading at roughly $27,137. Read More..

B2B Tech News | 1 years ago          

Escalating Trade War China Halts Germanium and Gallium Exports

Due to export limitations at the beginning of the month, China recorded no exports of germanium and gallium goods in August. In July, exports of Germa

Due to export limitations at the beginning of the month, China recorded no exports of germanium and gallium goods in August. In July, exports of Germanium soared before the limits however, they reported none in August, compared to 8.63 metric tonnes in July. Similarly, there were no exports of galliumrelated products in August, compared to 5.15 tonnes in July. Germanium and Gallium are byproducts of metal refineries they do not exist naturally. Producing radio frequency chips and semiconductors requires Gallium, while solar products, fibre optics, and military applications utilize Germanium. China implemented export restrictions, forcing exporters to get licences, claiming national security concerns. Read More..

B2B Tech News | 1 years ago          

U.S. Fed Faces Triple Threat Auto Strikes, Government Shutdown, Student Loan Crunch

The U.S. Federal Reserve officials confront new difficulties as they try to fight inflation without starting a recession. Complicating circumstances i

The U.S. Federal Reserve officials confront new difficulties as they try to fight inflation without starting a recession. Complicating circumstances include a massive autoworkers strike involving thousands of workers, a possible government shutdown at months end, and the start of student loan instalments in October. While individual problems might not have an immediate influence on policy, taken as a whole, they could affect the economy. Federal agency closures and protracted interruptions in the auto sector may harm consumer confidence and reduce consumer spending, possibly leading to increased automobile costs. Goldman Sachs warns of a "pothole" in GDP growth in the fourth quarter, and experts point out the unpredictability of inflexion moments when consumers and corporations both make cuts simultaneously. Read More..

B2B Tech News | 1 years ago          

Eurozone Inflation Surges, European Central Bank Faces Tough Decision on Rate Hikes

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by t

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by the European Central Bank ECB and the Bank of England BOE continuing to raise interest rates. Given the UKs rate of 5.25%, Roubini advises the BOE to increase rates to 5.75%. He expresses concern that inflation expectations would become less stable due to the BOEs uncertainty regarding additional rate increases. High inflation is a problem that the UK and the eurozone are dealing with, making decisionmaking difficult. The US, in comparison, may experience a rate reduction slower than the market anticipates due to its more solid economic outlook. Roubini recognises the difficulties that high rates bring. Read More..

B2B Tech News | 1 years ago          

Southeast Asian Firms Eye U.S. Listings Amid ChinaU.S. Tensions

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considerin

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considering going public in the United States. Due to rising political tensions between China and Washington, recent announcements from the Vietnamese internet business VNG Corp and the Philippine real estate firm DoubleDragon Corps Hotel101 Global to list in the U.S. Regulations and scrutiny have subjected Chinese businesses, bringing some ASEAN competitors to light. Southeast Asian companies raised $101 million through American initial public offerings IPOs this year and anticipate more listings over the coming year. Wall Street banks operating in Asia anticipate that this change will benefit them and provide diversification options for investors. Analysts do warn that issues might arise from share price volatility and investor scrutiny. Read More..

B2B Tech News | 1 years ago          

Morgan Stanley Unleashes AI @ Morgan Stanley Assistant to Transform Client Interactions

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistan

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistant. Based on OpenAIs GPT4 technology, this invention promises to improve customer interactions, increase advisor productivity, and speed up access to the banks enormous archive of research papers and documents. Automating replies to market inquiries and internal procedures gives advisors more time to interact with customers effectively. Instead of using standard keywordbased searches, users must now formulate their requests in entire phrases. More generative AI products, such as "Debrief" for summarising client sessions, are something Morgan Stanley hopes to explore. The decision underscores a rising tendency in the banking sector to use AI technology to improve customer services and operational effectiveness. Read More..

B2B Tech News | 1 years ago          

Prioritise Your Internet Experience with Qualcomm Routers

Targeting the gateway business, where internet providers convert actual fibreoptic cables into WiFi signals in homes, Qualcomm is entering the WiFi ro

Targeting the gateway business, where internet providers convert actual fibreoptic cables into WiFi signals in homes, Qualcomm is entering the WiFi router industry. Charter Communications Spectrum and EE in the UK are the first customers to adopt Qualcomm routers. These gadgets will use the new WiFi 7 standard, intended for quicker data transmission in households with many linked devices. Carriers will be able to prioritise traffic from particular apps and services with the help of Qualcomms routers, thanks to speed agreements. The business also bought OptiCore Technologies, a little optical networking business, albeit the transaction had a negligible financial impact. Read More..

B2B Tech News | 1 years ago          

Fortinet Responds to Security Threat with Immediate Patch Release

A highseverity crosssite scripting XSS vulnerability affecting multiple FortiOS and FortiProxy versions, CVE202329183, has been patched by Fortinet. W

A highseverity crosssite scripting XSS vulnerability affecting multiple FortiOS and FortiProxy versions, CVE202329183, has been patched by Fortinet. With a CVSS score of 7.3, this security hole results from poor input neutralisation during web page production. By manipulating the guest management settings, an authorised attacker might use it to run malicious JavaScript code. To solve this, Fortinet published a few upgrades such as FortiProxy 7.0.11 and 7.2.5, etc. With upgrades like FortiWeb 7.0.7 and 7.2.2, Fortinet also fixed the highseverity CVE202334984 bug that affected a few FortiWeb versions. Advisors recommend users update to reduce hazards. Read More..

B2B Tech News | 1 years ago          



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