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News
China to tighten its grip on world’s copper market: Floats Cu Futures
December 06, 2020 12:13 AM AEDT| By Team Kalkine MediaImage Source Shutterstock China has launched international copper futures contract on 19th of November, 2020, in a move that will give foreign investors access to trading in the world's top consumer of the metal. Traders started trading copper f...
Pfizer’s shares plunge after reports of cutting COVID-19 vaccine supply to half
December 04, 2020 03:16 PM AEDT| By Hina ChowdharyPfizer shares closed the day below 0.22% on Thursday after the news of supply chain challenges. According to several media reports, supply chain challenges forced Pfizer to cut its estimates by half for roll out of the COVID-19 vaccine. The compan.....
What is Oregon’s magic mushrooms program? How will it benefit people?
December 04, 2020 02:46 PM AEDT| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
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Superloans warned by the Commerce Commission over possible lending infringements
December 03, 2020 06:25 PM AEDT| By Team Kalkine MediaSuperloans, a former high-cost lender has been cautioned by the Commerce Commission over a possible failure to adhere to its responsible lending commitments after an investigation subsequent to several complaints from consumers, as well as budget a.....
Zespri collaborates with Crown Research to create new types of kiwifruit
December 03, 2020 02:25 PM AEDT| By Team Kalkine MediaNZ based Zespri International is a world leader in kiwifruit sales. The Company is in plans to create a Kiwifruit Breeding Centre in collaboration with Crown research institute Plant & Food Research (PFR). Image Source: Shutterstock As per .....
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 03, 2020 01:44 PM AEDT| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
Tesla's EV strategy to churn out quality automobile amid global competition
December 03, 2020 01:07 PM AEDT| By Hina ChowdharyThe year 2020 will be known for the EV revolution apart from being known as an unmatched year due to COVID-19. Tesla stock has risen by about 600% since December last year, rising way ahead from estimates of various analysts and price targets. The.....
This is how Travis Scott is making his millions
December 02, 2020 07:24 PM AEDT| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 06:53 PM AEDT| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
NZ dairy farmers can rejoice as dairy auction prices jump by 4.3 per cent
December 02, 2020 03:37 PM AEDT| By Team Kalkine MediaAs per the latest Global Dairy Trade data, change in GDT price index from the previous event was up by 4.3%. The total number of bidders that participated in the trading event was 178, and the total sold quantity stood at 32,062. Image source: S.....
Lower South Island bearing the brunt of pandemic with rising unemployment
December 02, 2020 02:44 PM AEDT| By Team Kalkine MediaThe effects of the pandemic induced tightening have been felt severely by the lower South Island as unemployment rose in the region. The number of people availing JobSeeker benefits in the area has increased considerably. Queenstown Lakes, which i.....
BHP inks deal with Shell to power LNG carriers
December 02, 2020 02:07 PM AEDT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
Ether up 4x this year, all eyes on Ethereum 2.0
December 02, 2020 01:13 PM AEDT| By Kunal SawhneyWhile the most popular cryptocurrency bitcoin is soaring high nowadays, Ether, the world's second-biggest virtual currency by market value, is following the trend. It is up more than 4x this year. Since the beginning of the year, cryptocurrency has b...
2020’s Much-awaited Airbnb IPO Set to Launch In December!
December 02, 2020 01:09 PM AEDT| By Team Kalkine MediaThe famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....
Salesforce To Acquire Slack Technologies, Signs Definitive Agreement
December 02, 2020 12:20 PM AEDT| By Team Kalkine MediaOne of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....
OPEC+ Delays Production Cut Decision, November Rally Halts
December 02, 2020 11:49 AM AEDT| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...
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Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
December 01, 2020 06:18 PM AEDT| By Kunal SawhneyBitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past,...
Unilever (LON:ULVR) to try out 4 days working per week in NZ
December 01, 2020 04:12 PM AEDT| By Team Kalkine MediaCompanies in New Zealand are increasingly coming forward with ‘four-day work a week’ policy and adding to the league is the London based, consumer goods company Unilever (LON:ULVR) which will be trying out four-day work in a week for all its em...
UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
December 01, 2020 03:18 PM AEDT| By Team Kalkine MediaArcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
December 01, 2020 12:30 PM AEDT| By Edita IvancevicPharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....
