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Japanese Yen Hits 150 Against US Dollar AsiaPacific markets down

Late in the Asian afternoon, the Japanese yen dropped below 150 per U.S. dollar, a 32year low against the dollar. After falling 3% to its lowest point

Late in the Asian afternoon, the Japanese yen dropped below 150 per U.S. dollar, a 32year low against the dollar. After falling 3% to its lowest point since May 2009, the Hong Kong Hang Seng index somewhat recovered its previous losses and traded 1.33% lower in the final hour of trading. The largest MSCI index of AsiaPacific stocks outside of Japan decreased by 0.87%. Read More..

B2B Tech News | 2 years ago          

The BOJ buys emergency bonds to support the debt market, but yields continue to rise

In an effort to support efforts to stabilise bond prices, the Bank of Japan carried out emergency bondbuying operations. A 250 billion yen $1.67 billi

In an effort to support efforts to stabilise bond prices, the Bank of Japan carried out emergency bondbuying operations. A 250 billion yen $1.67 billion package of government bonds with maturities ranging from five to more than twentyfive years was auctioned by the BOJ. Read More..

B2B Tech News | 2 years ago          

WadzPay Chose Bosonic for crypto conversion

WadzPay, a blockchainbased payment provider, has selected Bosonic to offer a pointofsale POS solution with integrated crypto conversion that takes adv

WadzPay, a blockchainbased payment provider, has selected Bosonic to offer a pointofsale POS solution with integrated crypto conversion that takes advantage of Bosonics extensive worldwide liquidity network. WadzPay will be able to provide customers with a cryptotofiat conversion in its POS blockchain payment solution thanks to Bosonics infrastructure. WadzPay has chosen Bosonic to deliver integrated crypto conversion at the point of sale POS. The risks associated with counterparty credit and settlement will be reduced by Bosonics payment against payment technology. Accessing the Bosonic Network for cryptocurrency liquidity and riskfree transactions, says Jason Nabri, chief revenue officer of Bosonic. Read More..

B2B Tech News | 2 years ago          

Warburg Pincus invests $350 million to create a digital insurance company in Southeast Asia

Oona Insurance, a Southeast Asian digital general insurance platform, will be established thanks to a $350 million investment by Warburg Pincus LCC. S

Oona Insurance, a Southeast Asian digital general insurance platform, will be established thanks to a $350 million investment by Warburg Pincus LCC. Since 2013, the private equity firm, one of the biggest in Southeast Asia, has put nearly $3.5 billion into 17 local businesses. Oona is made up of two insurance companies Mapfre Insular Insurance Corp. in the Philippines and PT Asuransi Bina Dana Arta Tbk in Indonesia. Read More..

B2B Tech News | 2 years ago          

Zurich Completes Acquisition of Deutsche Bank Financial Advisors

In accordance with a contract dated in August 2021, Deutsche Bank Zurich Italy, a subsidiary of Zurich Group Zurich, has successfully acquired the fin

In accordance with a contract dated in August 2021, Deutsche Bank Zurich Italy, a subsidiary of Zurich Group Zurich, has successfully acquired the financial advisors division of Deutsche Bank. More than €16 billion AuM and 1085 financial advisors will be added to Zurichs workforce. Zurich can now further bolster its presence in the Italian market thanks to the establishment of Zurich Bank. Read More..

B2B Tech News | 2 years ago          

Nigerian students and family members contribute £ 1.9 billion to the UK

An investigation by SBM Intelligence found that Nigerian students in the UK gave the UK economy a £1.9 billion boost in a single year. The informatio

An investigation by SBM Intelligence found that Nigerian students in the UK gave the UK economy a £1.9 billion boost in a single year. The information, which covered the school year 2021–2022, was sent to our correspondent on Wednesday. According to reports, students working spouses paid a total of £54.3 million in taxes on top of the £680.620 million they purportedly spent in school fees. Read More..

B2B Tech News | 2 years ago          

Stuart Cureton joins SS&C

With nearly three decades of experience in the field, Cureton has held positions with organisations including HSBC Securities, JP Morgan, and IBM He

With nearly three decades of experience in the field, Cureton has held positions with organisations including HSBC Securities, JP Morgan, and IBM He previously worked for Société Générale Securities Services for more than five years as the head of asset managers and insurance sales in the UK and Ireland. He now joins the company. Read More..

B2B Tech News | 2 years ago          

NEXTDC is opening a $1.5 billion data center in Melbourne to power the voracious data monster.

In Melbourne, NEXTDC, a provider of digital infrastructure, has unveiled its largest data centre to yet, a $1.5 billion tower five times larger than t

In Melbourne, NEXTDC, a provider of digital infrastructure, has unveiled its largest data centre to yet, a $1.5 billion tower five times larger than the MCG. According to CEO Craig Scroggie, expanding scale was necessary to satisfy the surge in demand for data storage. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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