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ASX rises despite Fridays drop on Wall Street, traders eye tomorrows RBA rate decision

The ASX 200 closed up 24 points, or 0.3 per cent, to 6,852. Energy and mining stocks led the gains for the day, offsetting losses from the banking and

The ASX 200 closed up 24 points, or 0.3 per cent, to 6,852. Energy and mining stocks led the gains for the day, offsetting losses from the banking and tech indexes. The Reserve Bank is expected to raise interest rates by 50 basis points for the fourth consecutive time, to combat inflation. The Australian dollar was down at 67.89 US cents while Brent crude oil was trading at $US95.15 a barrel. But financials dropped about 0.4 per cent, with the Big Four banks losing in the range of 0.60.9 per cent.The S&P 500 and Dow Jones Industrial Average each fell 1.1 %. Read More..

B2B Tech News | 3 years ago          

Digital Banking and Insurtech is one of the fastest growing fintech sectors in Latin America.

Between 2017 and 2021, the number of fintech companies in the region will more than double. Nubank has more than 48 million customers in Latin America

Between 2017 and 2021, the number of fintech companies in the region will more than double. Nubank has more than 48 million customers in Latin America and is today the largest digital banking company in the United States. Last year, it raised $2.6 billion in an initial public offering IPO, making it the most valuable publicly traded bank in LatAm, with a market capitalization of more than $40 billion. Digital banking firms in Latin America have raised more, on average, than the rest of the fintech firms across sectors. Read More..

B2B Tech News | 3 years ago          

Russias Shutdown of Gas Pipeline to Europe Pushes Euro to New Lows

The euro fell, testing a twodecade low after the closure of the Russian pipeline fueled fears of energy shortages. The pound was also plagued by conce

The euro fell, testing a twodecade low after the closure of the Russian pipeline fueled fears of energy shortages. The pound was also plagued by concerns over rising energy costs. Everything points to a lower euro, said Carol Kong, senior associate of international economics and currency strategy at the Commonwealth Bank of Australia. We have heard a lot of negative news about the European economy and I think the decline of the euro could continue this week. Read More..

B2B Tech News | 3 years ago          

Metigy, a troubled tech company, declares bankruptcy while owing $32 million.

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing p

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing purposes to small and mediumsized enterprises SMEs, went public late last month.. But on Friday, creditors voted to liquidate the company. The two appointed administrators, Simon Cathro and Andrew Blundell, are now acting as the liquidators of the company.A day before Metigy collapsed, a damning report from administrators filed with The ASIC said the company had been insolvent for some time, at least since November 14 last year.The CEO and sole director loaned $7.7 million to his firm to complete a personal property settlement. Read More..

B2B Tech News | 3 years ago          

N Gage, DCarbon Announces Strategic Coordination to Accelerate Climate Action, Sustainability in Egypt, MENA

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability a

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability and the environment into realworld accomplishments. The collaboration between N. Gage and DCarbon represents a cuttingedge in public policy competence. Ehab Shalaby, chair of DCarbon Egypt, said Effective partnerships are at the core of policymaking.The pressure to promote climate change and sustainability action is influencing local and international policies as the 27th UN Conference of Parties on Climate Change COP27 approaches. Read More..

B2B Tech News | 3 years ago          

Despite European Energy Crisis Weighing on Global Risk Assets, Sensex, Nifty Rise

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on th

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on the Nifty 50 index were Hindalco Industries, an aluminum and copper producer, and JSW Steel, up 1.8% and 1.1%, respectively. Comes after the worst week for global equities since falling to bear market lows in June. Sensex, Nifty Gain defies global darkness ahead of key US jobs data. European futures fell 3% as markets priced in higher recession risk. While EUROSTOXX 50 futures were expected to start bearish, Wall Street fared better. Japans Nikkei fell 0.3%, while the broader MSCI index of Asia Pacific equities outside of Japan fell 0.1%. Read More..

B2B Tech News | 3 years ago          

Nigeria and Binance are in talks to create a blockchainbased digital city

Nigerian authorities and cryptocurrencies platform Binance Holdings Ltd. are in talks to entrenched a digital economic zone that will help entrepreneu

Nigerian authorities and cryptocurrencies platform Binance Holdings Ltd. are in talks to entrenched a digital economic zone that will help entrepreneurs fasttrack blockchain technology in the West African nation. The partnership aims to build a digital hub, similar to the Dubai virtual free zone, Nigeria Export Processing Zones Authority says. Fintech startups such as Interswitch Ltd. and Flutterwave Inc. have achieved billiondollarplus valuations. The government this year enacted regulations for trade in digital assets. Read More..

B2B Tech News | 3 years ago          

Charge the sodium ion type How India can drive the electric mobility sector

KPIT Technologies, based near Pune, has been discreetly developing sodiumion battery technology for the past six years. According to the executives, t

KPIT Technologies, based near Pune, has been discreetly developing sodiumion battery technology for the past six years. According to the executives, they have begun looking for partners to produce the batteries in India using their expertise. Sodiumion batteries are viewed as a substitute for or addition to more costly lithiumion batteries. Compared to lithiumion batteries, sodiumion batteries charge more quickly and have a longer lifespan. For example, it can charge a threewheeler battery up to 80% in seven or eight minutes. The disadvantage is that the average range is at least 30% lower than that of a lithium ion battery. Read More..

B2B Tech News | 3 years ago          



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