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World news
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 02:58 PM AEDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 09:05 PM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
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Kiwis Rejoiced St. Patrick’s Day With Policemen On Guard
March 17, 2021 06:53 PM AEDT| By Team Kalkine MediaSource: Ryan McCarrel, Shutterstock Commonly known as the Feast of Saint Patrick, St. Patrick’s Day was celebrated in New Zealand on 17 March. Source: © Shootalot | Megapixl.com St. Patrick’s Day marks the celebration of St. Pat...
New Zealand’s first carbon auction receives massive response
March 17, 2021 06:05 PM AEDT| By SonalSource: Kodda ,Shutterstock Summary NZ’s first auction of emission allowances happened on 17 March. 7 million units were sold in NZ’s first carbon auction. The NZ government made changes to auction process in 2020 as it intro...
Would The Rise In NZ Coal Imports Pose A Threat To Its Low Emissions Goal?
March 17, 2021 12:51 PM AEDT| By Team Kalkine MediaSource:Wojciech Wrzesien, Shutterstock Established in 1993 as the Association of Consumers and Taxpayers, ACT’s representative Simon Court opined that the agency feels mocked every time when the NZ government claims of working towards a carbon...
Electric Revolution For European Automakers In The Next Decade
March 17, 2021 11:55 AM AEDT| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...
US Stocks End Mixed Ahead Of Key Fed Meeting
March 17, 2021 08:57 AM AEDT| By Team Kalkine MediaSource:Chaiyapak Mankannan, Shutterstock Summary S&P 500 dropped 0.16%, Dow Jones ticked down 0.39%, and NASDAQ gained 0.09%. Technology, utilities, and real estate stocks edged higher amid a lacklustre session. Nokia to layoff at least 1...
Australian & NZ Dollars Hold Up Ahead of Fed’s Monetary Policy Meeting
March 16, 2021 06:23 PM AEDT| By ManikaSource: wutzkohphoto, Shutterstock Summary Fed’s monetary policy stance to have an influence on the currency market. Currency market investors are on the wait-and-watch mode. In the past weeks, several currencies have shown weakness aga...
COVID-19 vaccine -How is the future looking for business?
March 16, 2021 05:36 PM AEDT| By RomaSource: Edu Terrataca, Shutterstock Summary The global vaccine market is going through serious competition right now. The vaccine market is expected to surge till 2026, with a drop in 2022. Several global challenges are being faced in terms o...
China tightens the noose on Alibaba, tells it to divest media assets
March 16, 2021 04:10 PM AEDT| By Aayushh. These stakes are viewed unfavourably by the Chinese Communist Party. The Chinese government has ordered Alibaba Group Holdings to sell its media assets as officials were concerned about the technology giant's hold over public opinion in the...
COVID-19: How Well Have The Vaccine Makers Performed?
March 16, 2021 04:05 PM AEDT| By Mark O'DonnellSource:Dimitris Barletis ,Shutterstock There are currently four major vaccines rolling out around the world. Some of these vaccines have been developed by companies that are listed on exchanges. The amount of business these companies are doing right...
Commerce Commission- First Lockdown stimulated the growth of fixed broadband data usage
March 16, 2021 03:55 PM AEDT| By SonalSource: asharkyu ,Shutterstock Summary Commerce Commission released a Monitoring report, which showed growth in fixed broadband usage amid first COVID-19-induced lockdown. There has been a shift to endless or unlimited mobile bundles. Re...
More EU nations suspend AstraZaneca’s vaccine amid growing blot clot concerns
March 16, 2021 02:13 PM AEDT| By Team Kalkine MediaSource arda ,Shutterstock Summary Major EU nations, including France, Germany, and Italy, have stopped the rollout of Oxford-AstraZeneca’s COVID-19 jab amid blot clot concerns. Meanwhile, the WHO and EU medicine regulator emphasised...
Food Delivery: Which Company Is Winning The War?
March 16, 2021 11:59 AM AEDT| By Mark O'Donnella wide margin but has not made any inroads in markets outside its home country. Food delivery services have hit their stride over the past few years. In 2020, the lockdowns enacted around the globe in response to the pandemic have been a signif....
US Stocks Edge Higher After Utilities, Consumer Cyclicals Rally
March 16, 2021 08:37 AM AEDT| By Team Kalkine MediaSource: Vintage Tone, Shutterstock Summary S&P 500 rose 0.65%, Dow Jones was up 0.53%, and NASDAQ gained 1.05%. France, Italy, and Germany halt AstraZeneca shots after blood-clog reports in patients. Stripe becomes Silicon Valley&rsq...
How is US Dollar index faring today?
March 15, 2021 08:17 PM AEDT| By Team Kalkine MediaSource: Mehmet Doruk Tasci, Shutterstock Summary Friday saw the US dollar index riding higher on the back of surging yields and improved economic conditions in the US. The AUD/USD pair fell 0.4% on Friday while the June US Dollar index futures...
