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News
Consumer Confidence in Focus Ahead of Christmas Rally
November 20, 2020 12:47 PM AEDT| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
Cryptocurrency Exchange Binance Sues Forbes Over ‘False’ Article
November 20, 2020 01:58 AM AEDT| By Kunal SawhneyWhile everyone is talking about Bitcoins crossing the record levels of $18,000, there is another major event from the crypto field doing the round. Binance, a cryptocurrency exchange, has filed a lawsuit in the United States against the New Jersey-.....
Analysts Divided Over Bitcoin’s Future Prospects as It Breaks $18,000 Level
November 20, 2020 01:52 AM AEDT| By Hina ChowdharyThe price of world’s best-known cryptocurrency Bitcoin has hit $18,000 on Wednesday -- which is the highest since December 2017 and has soared about 160% this year. Throughout the pandemic and uncertain times, the investors have been putting .....
RBNZ reviews internal processes after an unplanned disclosure of FLP
November 19, 2020 03:40 PM AEDT| By Team Kalkine MediaThe Reserve bank of NZ has admitted it accidentally broke the news of Funding for Lending scheme implementation to some non-bank lenders about 45 minutes prior to the official announcement of its Monetary Policy Statement. The bank claimed that th.....
Beware: impostor scams are on the rise amid pandemic says FMA
November 19, 2020 02:33 PM AEDT| By Team Kalkine MediaThe Financial Market Authority New Zealand is concerned regarding a steep rise in impostor scams since COVID-19 pandemic has broken out. Impostor scams are the ones where legitimate business names are used by the scamsters, but the contact i.....
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Vocus Group Planning to Execute IPO of Vocus New Zealand
November 19, 2020 02:07 PM AEDT| By Team Kalkine MediaASX listed vertically integrated telecommunication services provider Vocus Group Limited (ASX:VOC) is planning to go for an IPO of Vocus New Zealand. For this purpose, the Company has appointed financial advisers to execute an Initial Public .....
Bitcoin Knocking at All-time Highs after 3 years, USD 20,000 on cards?
November 19, 2020 01:41 PM AEDT| By Team Kalkine MediaBitcoin is grabbing eyeballs again. The currency continues to climb and is closing in on the levels not seen since it reached its highest ever mark three years ago. Bitcoin is just 12% shy of its previous all-time high of USD 19,891.0, last seen o.....
Is This The Right Time To Invest In Blockchain Stocks?
November 19, 2020 01:47 AM AEDT| By Kunal SawhneyBitcoin’s price crossed US$18,000 during intraday trading on November 17 as investors turned bullish on crypto during pandemic. The largest cryptocurrency by market cap touched a high of $18,062 on November 17, a peak not seen since D.....
Pfizer-BioNTech Vaccine 95% Effective In Preventing COVID-19, Ready For Regulators
November 19, 2020 01:14 AM AEDT| By Team Kalkine MediaPharma giant Pfizer Inc. (NYSE: PFE, PFE:US) Wednesday claimed that its vaccine candidate is 95 per cent effective in preventing COVID-19. The company plans to apply for approval from the US Food and Drug Administration (FDA) for Emergency .....
Here’s why Airbnb is making a splash
November 18, 2020 07:53 PM AEDT| By Kunal SawhneyAirbnb is once again stealing the thunder as it is ready to make its debut on the US public markets. The San Francisco-based rental online marketplace is gearing up for the year’s one of the most anticipated Initial Public Offerings (IPO). T.....
5 money-saving tips during Christmas this year
November 18, 2020 07:11 PM AEDT| By Team Kalkine Media2020 has been a challenging year so far, as coronavirus wreaked havoc all over the world pushing businesses to increase costs, slash hours and layoff workers. Also, Christmas is expected to be very different this year due to uncertainty surrounding.....
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Amazon forays into the pharmacy industry with Prime
November 18, 2020 04:23 PM AEDT| By Kunal SawhneyNow Amazon.com will deliver prescriptions at your doorstep. Amazon Pharmacy is a new store on the Amazon website, allowing customers to purchase medication online through the desktop website or Amazon application. This move by the e-commerce giant.....
Virgin Australia takes a new route as Bain Capital takes over
November 18, 2020 02:34 PM AEDT| By Hina ChowdharyVirgin Australia Holdings Limited (ASX:VAH) has finally got a new owner after the completion of A$3.5 billion sale to Bain Capital, the US private equity group. All Virgin's shares have been transferred to Bain Capital and the company is delis.....
Ransomware Attacks on the rise in APAC Region, Businesses forced to pay up
November 18, 2020 02:26 PM AEDT| By Kunal SawhneyRansomware, a malicious software that can infect your system, typically displays several messages demanding a specific fee to ensure your system starts functioning properly again. This malware category is an illegal moneymaking scheme that enters t.....
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New Zealand likely to face grocery shortage; Labour government investigates
November 18, 2020 01:57 PM AEDT| By Hina ChowdharyAs the country navigates through COVID-19 outbreak, New Zealand is now facing another big problem. This time it is about the shortage of food supply nationally. Food and Grocery Council chief executive Katherine Rich has warned the country that the.....
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Warren Buffett sours on banks, trims tech and laps up pharma stocks
November 18, 2020 01:51 PM AEDT| By Kunal SawhneyBerkshire Hathaway’s third-quarter filing is out. This time Warren Buffet has given food for thought to his followers, especially with regards to banks. The latest filing details a slew of changes made by the conglomerate in the third .....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
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Has NZ housing market reached new heights?
November 17, 2020 04:20 PM AEDT| By Team Kalkine MediaLockdown is giving New Zealanders more time to think about their living situation and look for a potential property. As per the latest Trade Me Property data, Kiwis are climbing up the property ladder and are achieving new peaks. Property prices h.....
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RBNZ plans to increase stimulus, but questions develop around negative rates
November 17, 2020 02:14 PM AEDT| By Team Kalkine MediaRBNZ retained the OCR at 0.25% and quantitative easing program unchanged, in the latest monetary policy meeting. The Monetary Policy Committee (MPC) agreed on offering additional monetary stimulus to the economy to meet its CPI and employment remit.....
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$25 per seat; Jetstar New Zealand offering a mega sale on select flights
November 17, 2020 02:07 PM AEDT| By Team Kalkine MediaAustralian low-cost airline Jetstar announced bumper sales on thousands of seats on its main domestic routes in New Zealand. The seats are priced as low as NZ$25 for one-way airfares on routes including Auckland to Christchurch. The carrier said th.....
