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News
US online real estate player Compass plans to go public
November 27, 2020 01:35 PM AEDT| By Hina ChowdharyCompass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and.....
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Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 08:47 PM AEDT| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
NZ posts record trade surplus as imports slump
November 26, 2020 04:16 PM AEDT| By Team Kalkine MediaNZ reported its biggest annual trade surplus in 28 years as coronavirus led to a severe drop in imports. The official numbers revealed that NZ recorded a surplus of $2.2 billion for the year ended October due to a 10% slump in imports during the time...
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Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
November 26, 2020 03:00 PM AEDT| By Team Kalkine MediaGerman media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval .....
Adrian Orr to discuss tax alterations with government in housing clash
November 26, 2020 01:19 PM AEDT| By Hina ChowdharyAdrian Orr Governor of RBNZ had welcomed the letter written by the Finance Minister Grant Robertson, which asked the central bank to consider house prices alongside inflation and employment while formulating the monetary policy. Mr Orr has respond.....
NZ government approaches RBNZ to deal with skyrocketing housing prices
November 26, 2020 12:10 AM AEDT| By Kunal SawhneyNZ’s housing market is booming when the economy has suffered the biggest recession since the Great Depression (1929-1933), coronavirus causing border closure and rising unemployment. House prices have risen to record highs which were expected.....
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Plexure (ASX:PX1) makes its debut on the ASX
November 25, 2020 05:50 PM AEDT| By Team Kalkine MediaThe New Zealand instituted mobile engagement platform, Plexure Group Limited (NZX:PX1), has now marked its presence on the ASX as its shares started trading at 11:00 AM AEDT on 25 November 2020. The company is trading under ticker ‘PX1’.....
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RBNZ confirms to reintroduce LVRs next year to keep a check on rising housing prices
November 25, 2020 03:55 PM AEDT| By Team Kalkine MediaLately, house prices have been soaring in NZ. RBNZ is being held liable for it, as the central bank continues to print money to pull the economy out of the COVID-19 induced recession. Finance Minister Grant Robertson had written to Adrian Orr, RBNZ...
JPMorgan red-flagged again, coughs up US$250 million as penalty
November 25, 2020 03:26 PM AEDT| By Team Kalkine MediaMultinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....
Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man
November 25, 2020 02:06 PM AEDT| By Team Kalkine MediaOn 24 November, Tesla finished the trading day with a market capitalisation of more than USD 500 billion for the first time. As electric vehicle car company's market value crossed the USD 500 billion-mark, Musk's net worth increased by nearly .....
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Bitcoin Reclaims USD 19,000 After Three Years, What’s Driving the Rally?
November 25, 2020 01:58 PM AEDT| By Hina ChowdharyBitcoin has once again reclaimed the USD 19,000 mark, climbing to a high of USD 19,349.0 yesterday and is presently trading at USD 19,169.00, marking the first rally over the last three years to see the crypto asset above the USD 19,000 mark. The ma...
How Are Businesses Encashing the Gold Bonanza?
November 25, 2020 12:00 AM AEDT| By Hina ChowdharyGold has been quite the charmer as a safe haven asset in 2020 with the spot price vaulting to a record high of USD 2,073.41 per ounce in August 2020. The impeccable rally in gold prices has brought a smile on many faces with several banks, royalty .....
Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition
November 24, 2020 11:07 PM AEDT| By Edita IvancevicIt has been almost three weeks since the US got a new president-elect – Democrat Joe Biden. The whole world has followed the elections closely, as a new American president means a big deal for everyone, on various fronts – stock markets.....
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What does the new COVID-19 evidence tell us about the future?
November 24, 2020 09:03 PM AEDT| By Edita IvancevicWinter is coming to the northern hemisphere. Usually, individuals get quite excited around the holidays. However, this year Christmas and New Year might not bring the same amount of joy as they used to. Even after the coronavirus’s first bir.....
DHL introduces first air freight flights from Melbourne to Auckland
November 24, 2020 03:28 PM AEDT| By Team Kalkine MediaDHL Express unveiled its first nonstop air freight flight from Melbourne city to Auckland. The move has been taken to accommodate the boom in e-commerce market propelled by COVID-19 and constant increase in Victorian exports to the Tasman. The air.....
Consumer NZ finds Airbnb and Bachcare cancellation policies unfair
November 24, 2020 02:23 PM AEDT| By Team Kalkine MediaThe consumer advocacy group, Consumer New Zealand, lodged a complaint with the Commerce Commission against the accommodation booking sites Airbnb and Bachcare over how they charge people who cancel bookings. The Consumer NZ finds it a breach of the...
China’s Market Regulator Increases Probe After Sudden Default from State-Backed Coal Miner
November 24, 2020 01:46 PM AEDT| By Team Kalkine MediaFollowing payment default from a state-backed coal miner, China’s market regulator, Financial Stability and Development Committee (FSDC) has intensified its investigation into bond sales. The default dragged in several banks, accounting firms.....
WorldRemit hires Paul Vogel of Spotify to its Board
November 24, 2020 08:03 AM AEDT| By Team Kalkine MediaDigital remittance industry has been growing and is expected to grow even more in years ahead. The rising smartphone and internet usage, increasing digital-savvy customers going for digital remittances and an increase in payment automation and digi.....
Jeff Bezos Funds African Fintech Start-Up Chipper Cash
November 24, 2020 01:37 AM AEDT| By Kunal SawhneyJeff Bezos seems to have broadened the bouquet of his investments as the world’s richest person has recently co-funded an African FinTech firm specialising in business payments, peer-to-peer (P2P) cash transfer and cryptocurrency trading includ...
Now AstraZeneca-Oxford University COVID-19 Vaccine Shows High Efficacy
November 23, 2020 08:46 PM AEDT| By Kunal SawhneyNovember is proving to be a super month for global stock markets. The COVID-19 vaccine being developed by the Oxford University and British-Swedish biopharmaceutical firm AstraZeneca (NASDAQ:AZN, AZNCF:US) could be about 90 per cent effecti.....
