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Tariff stress is expected to negatively impact the USD, with ongoing policy uncertainty likely to weaken market confidence and consumer sentiment. The USD is projected to decline, while the EUR and JPY present viable alternatives for diversification. The AUD is anticipated to recover in late 2025, supported by positive domestic growth and policy adjustments in China.
Sony has raised the prices of the PS5 in Europe, the UK, and Australia, prompting speculation about a potential price increase in the US market. This move reflects ongoing challenges in the gaming industry and may impact consumer purchasing decisions.
Sony has announced a price increase for the PlayStation 5 in Europe, Australia, and New Zealand, citing global economic challenges such as high inflation and fluctuating exchange rates. The PS5 Digital Edition will now retail for €499, up from €449, reflecting a minimum 10% hike.
Australian fintech firm Findi has acquired Bankit Services for AU$30 million, enhancing its merchant network to over 180,000 across 12,000 pin codes in India. This strategic move aims to improve financial inclusion by transforming merchants into local financial hubs, addressing gaps in service usage, particularly in underserved areas. The acquisition reflects a broader trend of consolidation in India's competitive fintech landscape, where scale is becoming essential for survival.
Australian cleantech startup RayGen has raised AU$127 million (US$79.8 million) in a Series D funding round, marking one of the largest clean energy tech investments in the country. The funding will enhance the company's solar energy and long-duration storage solutions, with backing from notable investors like SLB, ARENA, and Equinor Ventures.This investment highlights the growing importance of specialized energy storage technologies amid challenges in the clean energy sector. RayGen's innovative "thermal hydro" technology, with a 70% round-trip efficiency, positions Australia as a key player in the global clean energy market, moving beyond its traditional role as a resource supplier.
Singapore's SC Capital Partners is reportedly considering a bid for UK data center operator Global Switch, currently owned by Jiangsu Shagang Group, with a potential deal valued between $4 billion and $5 billion. This interest comes amid rising demand for digital infrastructure driven by AI and cloud computing, despite a significant decline in Global Switch's valuation due to geopolitical and security concerns. The company has already sold its Australian operations for A$1.94 billion, reflecting ongoing scrutiny over data center ownership.
Wise is set to open a new hub in Hyderabad, India, in the second half of 2025, aiming to hire hundreds in tech roles across product, engineering, and operations. This expansion aligns with India's booming fintech market, projected to grow significantly, particularly in cross-border payments. The new hub will enhance Wise's capabilities in both regional and global product development while addressing challenges faced by Indian businesses in receiving international payments.
UBS forecasts that the Reserve Bank of New Zealand (RBNZ) may implement a significant 50 basis point rate cut at its April meeting due to the adverse effects of US tariffs on global growth. This aggressive move could lower rates to 3.0%, potentially dipping below the neutral rate amid economic downturns. The RBNZ's proactive stance contrasts with other central banks, as it navigates the complexities of tariffs that could lead to disinflation in New Zealand while impacting inflation dynamics.
UBS analyst Shreyas Patel has upgraded AMP Ltd's stock rating from 'Sell' to 'Neutral', adjusting the price target to AUD1.30 from AUD1.35. This change follows a significant 29% decline in the stock after disappointing February results, with signs of recovery in various business segments and moderated Wealth outflows. The potential realization of equity-accounted investments could enhance AMP's capital management strategy, indicating a more balanced risk-reward outlook for the company.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tariff uncertainty pressures usd as investors seek alternative currencies
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02:30 22.04.2025
Sony raises PS5 prices in Europe and Australia amid speculation for US hike
08:13 15.04.2025
sony increases playstation 5 prices in europe and australia due to inflation
14:46 14.04.2025
Australian fintech firm expands in India with 19 million dollar Bankit acquisition
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09:25 14.04.2025
Sony raises PlayStation 5 prices by 25 percent amid economic pressures
RayGen secures 79.8 million dollars in significant clean energy funding round
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02:30 13.04.2025
Singapore firm considers bid for UK data center operator Global Switch
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04:00 11.04.2025
Wise expands in India with new hub and hundreds of tech hires
06:03 10.04.2025
ubs forecasts potential 50 basis point rate cut by rbnz amid tariffs
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13:53 03.04.2025
UBS upgrades AMP stock rating to neutral with revised price target
12:48 03.04.2025
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