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Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 05, 2021 04:28 AM BST| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi.....
High-decibel chorus for national lockdown fails to sway Modi
May 05, 2021 04:23 AM BST| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and .....
S&P Dow Jones Indices test the waters in digital assets
May 05, 2021 11:56 AM AEST| By Furquan MoharkanIn what seems to add deeper mainstream hue to cryptocurrencies, the world’s largest index provider – S&P Dow Jones Indices (S&P DJI) – has announced the launch of its digital asset benchmarks named S&P Digital Market I.....
UK and US Equities Inched Lower; Oil Prices Edged Higher by 1%
May 04, 2021 07:36 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 52.31 points or 1.25 per cent lower at 4,140.35, Dow Jones Industrial Average Index dipped by 143.42 points or 0.42 per cent lower at 33,969.8...
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New Investment Deals with India To Boost the Economy and Employment
May 04, 2021 06:10 PM BST| By Suhita PoddarSummary The £1-billion UK-India trade deal announced to generate 6,500 UK jobs will mainly focus on the healthcare and technology sectors. The partnership is expected to be a steppingstone for a future FTA between the two nations. These .....
Why Did These 3 Stocks Were Trending on Tuesday on the LSE?
May 04, 2021 06:06 PM BST| By Suhita PoddarSummary BP Plc was reportedly planning to bid in the forthcoming auction of Crown Estate Scotland. Ferrexpo, one of the largest exporters of iron ore pellets, would be getting energy-saving solutions from The Weir Group. The FTSE 1.....
10 Things to Know About Digital Artwork and NFTs
May 04, 2021 06:00 PM BST| By Team Kalkine MediaSummary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have associated themselves with the investment tool, more so to use it as a marketing device. NFTs may.....
Doge To The Moon! Dogecoin Hits Record High Ahead Of Musk’s SNL Debut
May 05, 2021 01:56 AM AEST| By AnujCryptocurrency Dogecoin surpassed Stellar to take the fourth position in terms of market cap after it recorded an all-time high of US$ 0.495439 apiece on Tuesday, 4 May (4:15AM EST). The meme token climbed as much as 26 per cent and pushed its marke...
Why Commodities Index Hit at A Nine-Year High
May 04, 2021 08:07 AM BST| By Team Kalkine MediaSummary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying as the economic rebound bolstered their demand. The commodity prices recovered significantly from.....
Unemployment In Urban India Nearing Hit Double-Digit Mark As COVID-19 Crisis Deepens
May 04, 2021 07:16 AM BST| By Furquan MoharkanThe chances of economic recovery in the world’s second-most populous country – India – look bleak as the unemployment rate in the urban centres in India has touched its highest level in almost eight months – nearing a double.....
XRP Makes Waves, Soars 40% in the Past Week
May 04, 2021 03:50 PM AEST| By Team Kalkine MediaSummary Cryptocurrency Ripple (XRP) has gained a 3% market share, having risen 40% in the past seven days. Ripple, first launched in 2012, was designed to improve upon the limitations of Bitcoin (BTC) by creating a more sustainable digital asse.....
It’s splitsville for the Gates: Bill, Melinda end 27-year marriage
May 04, 2021 04:30 AM BST| By Team Kalkine MediaMicrosoft co-founder and the world's fourth wealthiest person, Bill Gates and his wife Melinda have mutually decided to end their 27-year-long marriage. On Monday, they announced their split on Twitter through identical tweets. A glimpse into what.....
Mixed opening for APAC markets; Japan, China and Thailand on holidays
May 04, 2021 04:06 AM BST| By Furquan MoharkanThe Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays. South Korea’s KOSPI was down 14 basis points despite.....
Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 04, 2021 12:55 AM BST| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
Ethereum Crosses $3K-Mark To Hit All-Time High. What Next?
May 03, 2021 07:06 PM AEST| By Team Kalkine MediaEthereum (Ether), the second largest crypto by market cap, surpassed the US$ 3,000-mark for the first time ever on Sunday, May 2. The blockchain giant hit multiple record highs last week as the European Investment Bank (EIB) issued its digital bonds...
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 07:29 AM BST| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Why Berkshire’s Charlie Munger ‘hates’ Bitcoin’s meteoric rise
May 03, 2021 04:16 PM AEST| By Team Kalkine MediaSummary Expressing his dislike for Bitcoin, Berkshire Hathaway’s Vice Chairman Charlie Munger on Saturday said: “Of course I hate the bitcoin success.” The 97-year-old Munger was speaking at a Q&A session at the Berkshire&.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 06:04 AM BST| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
A New Copyright Lawsuit May Unveil Bitcoin’s True Founder
May 03, 2021 02:19 PM AEST| By Team Kalkine MediaSummary Australian Craig Wright is filing a copyright claim against the website Bitcoin.org, claiming he is the true founder of the cryptocurrency Bitcoin. Wright’s claims are disputed by many, with Bitcoin.org declaring that his allegati.....
Warren Buffett roots for retained earnings, rues Apple share sale
May 03, 2021 03:58 AM BST| By Furquan MoharkanAce investor and billionaire Warren Buffett has batted for the importance of retained earnings at a time when more and more investors are pitching for increased capital allocation towards the shareholders. The investment maestro highlighted the ab.....
