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Market Update: How Australian Markets Performed on 21st July 2020?
July 21, 2020 09:29 PM AEST| By Team Kalkine MediaAt the close of the trading session on 21st July 2020, Australian equity market ended in green. The benchmark index S&P/ASX200 stood at 6156.3 with a rise of 154.7 points. During the last five days, the index has gained 3.62%. S&P/ASX 200 Con...
JobKeeper 2.0: 5 Things to watch while Card Spending reflect different trends
July 21, 2020 09:10 PM AEST| By Team Kalkine MediaOn 21 July, Prime Minister Scott Morrison at a press conference in Canberra declared that the government would retain existing JobKeeper arrangements until September end before initiating JobKeeper 2 with phased cuts until 28 March 2021. Th.....
Stock under the Spotlight: Ardent Leisure Penalised Over Dreamworld Deaths
July 21, 2020 08:56 PM AEST| By Hina ChowdharySummary 2016’s Dreamworld Thunder River Rapid ride incident was one of the worst tragedies in Australia, which took the lives of four people. Coroner James McDougall’s recommendation report found lags on the operational front and re.....
Supply Disruptions, Production Pullbacks, Increased Subsidies- The Trident of the Lithium Space
July 21, 2020 08:48 PM AEST| By Kunal SawhneySummary Lithium prices have seen a considerable volatility due to the COVID-19 outbreak. The fall in lithium prices along with production pullback instigated by global lithium mining companies could now support the lithium price by reducing the.....
Cooper Energy Eyeing South-East Gas Market; To Invest $55 Million in Minerva Gas Plant
July 21, 2020 08:29 PM AEST| By Team Kalkine MediaSummary The wholesale gas market remained under pressure during the March 2020 quarter over weak demand and tumbling oil prices, offsetting the impact of gas supply shortage across the continent. However, with improvement in oil prices, LNG exp.....
Real Energy and Strata-X Energy Host Joint Webinar Underscoring Pure Energy
July 21, 2020 08:13 PM AEST| By Team Kalkine MediaAustralian east coast focused gas company, Real Energy Limited (ASX:RLE) has acknowledged that hydrogen economy is a vital concept for contemporary energy companies, and that zero emissions hydrogen is the future of transportation fuels. Moreover, .....
Stocks Under Discussion: WSP, HUB, TYR, CAT
July 21, 2020 04:12 PM AEST| By Team Kalkine MediaSummary Market sentiments are uplifted with wage subsidy extension under two-tier structure, though payments are reduced for JobKeeper and JobSeeker support to ensure they do not act as “disincentives”. Besides momentum seen across .....
Coinsquare In Soup Over Wash Trade Allegations, Watchdog launches investigation
July 21, 2020 04:00 PM AEST| By Team Kalkine MediaSummary Ontario Securities Commission has launched investigation against Canadian crypto trading platform Coinsquare, its founder Virgile Rostand, CEO Cole Diamond and Chief Compliance Officer Felix Mazer The crypto trading platform allegedly m.....
Retail industry faces ‘COVID-19 hangover’ as consumers spend with caution
July 21, 2020 04:00 PM AEST| By Team Kalkine MediaSummary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail are being rewritten by the new normal After historic declines in March and April, May retail fig.....
Your Complete Guide: Companies Hitting the COVID-19 Vaccine Charter (Part 2)
July 21, 2020 03:59 PM AEST| By Team Kalkine MediaSummary Governments from several countries are taking initiatives to accelerate vaccine development for COVID-19 and ensuring fair distribution once a vaccine is approved. The COVAX facility is a global collaboration to fast-track the developme.....
Japanese Exports face the Steepest Plunge as Economy sinks into Recession
July 21, 2020 02:29 PM AEST| By Team Kalkine MediaSummary Japan’s economy slipped into recession in May, with a contraction in GDP by 3.4% annually in Q1 2020, followed by a 7.3% plunge in the previous quarter. Exports plunged 26.2% in June from a year ago as overseas demand for cars, an.....
Investors Lap Up Dark Horse SPP, Company to Raise $1.5Mn and Honour All Applications
July 21, 2020 12:46 PM AEST| By Team Kalkine MediaAustralian exploration company, Dark Horse Resources (ASX:DHR) has announced the outcomes of its recently closed Share Purchase Plan (SPP). Moreover, the Company has updated that Permit Purchase Agreement (PPA) with the vendor, Sotkamo Silver AB to.....
Nyrada’s Brain Injury Drug Candidates Delivered via Preferred Administration Route
July 21, 2020 11:41 AM AEST| By Team Kalkine MediaAustralian-listed preclinical stage drug discoverer and developer, Nyrada Inc. (ASX: NYR) has received a significant boost to its brain injury program, with two of its drug candidates, NYX-242 and NYX-1010, being successfully delivered by the prefe.....
Businesses getting rid of non-core assets: Car leasing player Eclipx dumps Right2Drive
July 20, 2020 10:03 PM AEST| By Kunal SawhneySummary The coronavirus pandemic has hurt countless companies and forced them to rethink on their business strategies and restructuring plans. Amid shrinking demand, stalling of operational activities, and growing uncertainties, several compani.....
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Market Update: Understanding the Performance of Markets on 20th July 2020
July 20, 2020 09:11 PM AEST| By Team Kalkine MediaOn 20th July 2020, equity market of Australia ended in red and the benchmark index S&P/ASX200 experienced a decline of 32 points to 6001.6. Most of the sectors on ASX ended in red such as S&P/ASX 200 Consumer Discretionary (Sector), which wen...
Australia’s COVID-19 Battle Continues- Melbourne Lockdown Takes A Toll On Residents
July 20, 2020 09:07 PM AEST| By Hina ChowdharySummary Australia braces for a second wave of infection with current cases over 11.8k and more than an average of 280 cases being reported daily. While health officials in the country remain concerned about the transmission rate, a surge in COV.....
Double-dip Recession: A possibility in the US?
July 20, 2020 08:28 PM AEST| By Team Kalkine MediaSummary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn. The rapid acceleration of coronavirus cases in the US is threatening the economic recovery of t.....
Airbnb Back to Square One?
July 20, 2020 07:52 PM AEST| By Team Kalkine MediaThe travel industry will not be the same again, says Airbnb CEO, Brian Chesky. The boss of Airbnb - a vacation rental online marketplace company, admitted losing almost everything of what it took them 12 years to build. The worldwide outburst of n.....
Resolute Mining Extends LOM for Mako Open Pit; Elevated Gold Spot a Key Driver
July 20, 2020 06:16 PM AEST| By Kunal SawhneyGold prices have been a stallion so far with gold spot vaulting to a record high of USD 1,818.13 per ounce (as on 8 July 2020) and oscillating around the same level since then. Also Read: China- The Catalyst to Gold and Iron Ore Rally Every uptak.....
Will Australia experience a surge in Voluntary Administration once financial stimuli lapses?
July 20, 2020 05:24 PM AEST| By Team Kalkine MediaSummary The COVID-19 Pandemic has disrupted business activities leading to a significant business loss in many sectors primarily hospitality, tourism, airlines, and retail industry, pushing operators towards insolvency Government stimulus progr.....
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