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One more investor joins BMS Group.

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment M

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment Management Corporation BCI, Preservation Capital Partners PCP, and BMS staff and management own a portion of the brokerage, which has 28 offices in 14 countries. With the arrival of Eurazeo, the new investor and BCI will become majority shareholders. Meanwhile, BMS executives and employees will retain significant stock ownership. The transaction, which is subject to regulatory approval, confirms a previous report that BMS was potentially for sale. The company employs approximately 900 people across the United States, Canada, Latin America, Australia, Europe, and Asia. Read More..

B2B Tech News | 3 years ago          

Investor attention on the Fed minutes keeps the South African rand steady.

The rand in South Africa was steady in early trade on Tuesday, as investors await minutes from the Federal Reserves December policy meeting for clues

The rand in South Africa was steady in early trade on Tuesday, as investors await minutes from the Federal Reserves December policy meeting for clues on the Feds interest rate path in 2023. The rand was trading at 16.9800 per dollar at 0722 GMT, little changed from its previous close of 16.9775. On Wednesday, the minutes of the Feds December policymaking meeting will be released. The risksensitive rand had a volatile 2022, as domestic factors such as power outages, port strikes, and political turmoil weighed on the currency, in addition to economic and geopolitical events in other parts of the world. The rand is extremely vulnerable to global factors such as US monetary policy. Read More..

B2B Tech News | 3 years ago          

New CEO Jason Moo is appointed at Bank of Singapore.

According to a statement, Jason Moo joins Bank of Singapore as CEO with effect from March 6. Moo will take over for Vincent Choo, a board member who w

According to a statement, Jason Moo joins Bank of Singapore as CEO with effect from March 6. Moo will take over for Vincent Choo, a board member who was appointed temporary CEO on January 1 after exCEO Bahren Shaari announced his resignation on December 31. The most recent position Moo had was as Julius Baers Southeast Asia head of private banking and Singapore branch manager. Moo, a Singaporean national, has more than 25 years of expertise in private banking, wealth management, and capital markets. He previously worked for 22 years at Goldman Sachs, where he led several private banking divisions throughout Asia. Read More..

B2B Tech News | 3 years ago          

Luxexcel, a startup in smart eyewear, is purchased by Meta.

Luxexcel, a maker of smart glasses, is acquired by Meta. Rumor has it that the two businesses will collaborate on Project Aria, a prototype augmented

Luxexcel, a maker of smart glasses, is acquired by Meta. Rumor has it that the two businesses will collaborate on Project Aria, a prototype augmented reality AR gadget that can be worn like conventional glasses that is being developed by Meta. It will work with Essilor Luxottica to introduce Ray Ban Stories, the companys line of smart spectacles, in 2021. More recently, after the FTC sued Meta to stop the acquisition of Within Unlimited, the company behind the wellknown fitness software Supernatural, Meta decided to postpone the transaction. Read More..

B2B Tech News | 3 years ago          

Decline in unemployment in Germany.

German unemployment fell in December, according to Labor Office figures released on Tuesday, with the labour market overall only moderately affected b

German unemployment fell in December, according to Labor Office figures released on Tuesday, with the labour market overall only moderately affected by the Ukraine conflict last year. According to the Federal Labour Office, the number of unemployed people fell by 13,000 in seasonally adjusted terms to 2.52 million. Reuters polled analysts, who predicted a 15,000 increase. The seasonally adjusted unemployment rate remained unchanged at 5.5%. The consequences of Russias war on Ukraine price increases, uncertainty, but also refugee migration have left their mark over the last year. Read More..

B2B Tech News | 3 years ago          

PointsBet is in discussions to sell its Australia division to a News Corp business.

Following a report in The Australian, PointsBet revealed last week that it was in talks to sell its Australian business to NTD Pty Limited. PointsBet

Following a report in The Australian, PointsBet revealed last week that it was in talks to sell its Australian business to NTD Pty Limited. PointsBet stated that it did not believe the talks would have a significant impact. The share price of PointsBet increased by more than 10% the morning after the talks were confirmed. The announcement was labelled market sensitive, which means it is likely to have a material impact on Pointsbets share price. However, the operator said that this only happened because of a internal administrative error . Read More..

B2B Tech News | 3 years ago          

Vietnamese tech giant VNGs valuation was reduced to $364 million.

VNG, Vietnams first tech unicorn, which was once reputedly valued at US$2.2 billion, is set to go public in Vietnam on January 5 at a valuation of aro

VNG, Vietnams first tech unicorn, which was once reputedly valued at US$2.2 billion, is set to go public in Vietnam on January 5 at a valuation of around US$364 million. VNG shares will be traded on the Unlisted Public Company Market UPCoM, the board for companies that have not yet been listed on the Hanoi Stock Exchange. It will trade under the ticker symbol VNZ. This is an unexpected development for VNG, which has apparently been seeking a listing in the United States for years. VNG, formerly known as VinaGame, was founded in 2004 and has established a digital services empire that includes social media Zalo, online media Zing News, music streaming Zing MP3, financial services ZaloPay, and cloud services VNG Cloud. Read More..

B2B Tech News | 3 years ago          

Gama, based in Paris, is preparing a payload for a New Years flight on SpaceX with the goal of harnessing solar photons to speed up satellite propulsion.

Gama is a New Space firm established in Paris that specialises in solar sails. They may enable satellites to move faster and carry out more costeffect

Gama is a New Space firm established in Paris that specialises in solar sails. They may enable satellites to move faster and carry out more costeffective missions. The Gama Alpha, the companys first space satellite, will be delivered as cargo on SpaceXs Falcon 9 launch rocket. Gamas New Space team has launched a search for embedded software practitioners who can contribute to the delivery of reliable code that will serve as the heartbeat of Gamaoperated spacecraft. For its spaceship software, the team has chosen Rust language Rustlang, a performance programming script. Read More..

B2B Tech News | 3 years ago          



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