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Facebook's Australia news ban move falsely blocks other pages, including its own
February 18, 2021 11:51 AM GMT| By Hina ChowdharyEver since the proposed media law is being debated in the Australian parliament, the tech giants Google and Facebook expressed their non-support. They even labelled it as unworkable. The US didn’t miss the moment of warning Australia .....
FTSE 100 Treads Water as Global Jittery Renews
February 18, 2021 11:26 AM GMT| By Kunal SawhneyUK stock markets traded flat on Thursday, 18 February, tracking the downbeat market sentiments across the globe with Japan’s Nikkei settling in a negative region and futures linked to the Dow Industrials hovering in red. As far as the mood of d...
Grit Continues Cautious Growth Despite Pandemic
February 18, 2021 10:06 AM GMT| By Team Kalkine MediaSummary Grit portfolio for the six months ended 31 December 2020 performed commendably, notwithstanding a very tough operating environment amid COVID-19. A disciplined approach to cost cutting resulted in an 8.1% increase in net operating inco.....
Study shows rapid fall in coronavirus cases across England since January
February 18, 2021 09:12 AM GMT| By Kunal SawhneySummary Experts tracking the epidemic suggest a strong decline in Covid-19 infections in England since January. London specifically saw a dramatic fall in cases in early February this year, according to a study conducted by the Imperial College.....
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How Well Placed Is ECR Minerals (LON: ECR) In the Australian Mining Industry
February 18, 2021 05:56 AM GMT| By Team Kalkine MediaECR Minerals (LON: ECR) is an AIM listed mineral exploration and development company, vying for the next multimillion-ounce gold resource in Australia, which is presently in the midst of yet another minerals boom. ECR has rightly targeted the stat.....
Bitcoin Surpasses USD 52k Mark, More Steam Left in the Crypto Asset?
February 18, 2021 01:02 PM AEDT| By Team Kalkine MediaBitcoin has beaten all the major asset classes hands down in 2021. The digital currency has had good momentum coming into the new year. It has surpassed the level of USD 50,000 and establish a record high of USD 52,433.0 on Bitfinex (as on 18 Februar...
US Markets End Lower; What's Weighing On Stocks?
February 17, 2021 10:04 PM GMT| By Team Kalkine MediaUS stock markets ended the session lower on Wednesday after positive retail sales data failed to ignite enthusiasm among investors and uncertainties over the economic recovery remained. The S&P 500 was down 0.03% to 3931.33. The Dow Jones Indu.....
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Did UK inflation jump push British equities lower; Enquest Stock Zoomed by 17.15%
February 17, 2021 05:55 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 19.42 points or 0.49 per cent lower at 3,913.17, Dow Jones Industrial Average Index dipped by 55.06 points or 0.17 per cent lower at 31,467.69...
Why Rishi Sunak Might Have to Hike Taxes To £60 Bn A Year
February 17, 2021 04:25 PM GMT| By Team Kalkine MediaA recent study by the Institute for Fiscal Studies (IFS) has warned the government that if the furlough support scheme is not targeted properly, and the books of account are not rightly balanced, the financial implications could be grave. I.....
Why Morningstar Credit Ratings Is Under the SEC’s Scanner
February 17, 2021 02:45 PM GMT| By Kunal SawhneyThe Securities Exchange Commission (SEC) has filed a lawsuit against Morningstar Credit Ratings LLC for allegedly violating provisions of laws for rating commercial mortgage-backed securities. The Morningstar has been accused of allowing it.....
UK CPI inflation jumps to 0.7% in January
February 17, 2021 01:19 PM GMT| By Team Kalkine MediaUK consumer prices index (CPI) based inflation jumped to 0.7 per cent, while the consumer prices index including owner occupiers’ housing costs (CPIH) grew to 0.9 per cent in the month of January with recreation and culture contributing the m.....
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 11:20 AM GMT| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
Will the new UK budget by Sunak have a green tinge?
February 17, 2021 08:52 AM GMT| By Team Kalkine MediaThe budget this year is expected to contain environment friendly measures. News reports have highlighted that Chancellor of the Exchequer Rishi Sunak, who will present this year’s budget on 3 March, will launch green gilts, but their sca.....
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Berkshire Hathaway Jumps on Crude Oil Bandwagon, Invests in Chevron
February 17, 2021 01:41 PM AEDT| By Team Kalkine MediaThe market oracle, Warren Buffet is now jumping on the oil bandwagon with Berkshire Hathaway investing in Chevron Corporation (NYSE:CVX). The investment by Berkshire Hathaway in Chevron, which started from third quarter last year, has now reached ~ U...
US Markets End Mixed On Recovery, Earnings Forecast
February 16, 2021 09:46 PM GMT| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Why UK equities traded on a flat note today?
February 16, 2021 08:47 PM GMT| By Kunal SawhneyUS Markets: : Broader indices in the United States traded in green - particularly, the S&P 500 index traded 9.48 points or 0.24 per cent higher at 3,944.31, Dow Jones Industrial Average Index surged by 114.05 points or 0.36 per cent higher at 31,...
How Brexit Can Lead to Increase in Energy Prices for UK Businesses
February 16, 2021 06:30 PM GMT| By Hina ChowdharyThe UK businesses may have to face a price hike in energy prices post Brexit mainly due to factors like surge in transportation costs and the UK leaving the EU internal energy market. The EU supplies almost half of the gas the UK con.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 16, 2021 02:22 PM GMT| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
Will Plan to Spin Off Universal Music Keep the Momentum High for Vivendi?
February 16, 2021 02:04 PM GMT| By Kunal SawhneyShares of French media conglomerate Vivendi SA (PAR: VIV) rallied nearly 20 per cent on Monday to EUR 31.22 as the company announced its plans to list its profitable division Universal Music Group (UMG) by the end of this year. Last week, the Pari.....
London Equities Gain as Investors Rejoice Earnings & Vaccine Optimism
February 16, 2021 11:07 AM GMT| By Team Kalkine MediaUK stock markets extended the gains on Tuesday, 16 February tracking the buoyant sentiments amidst the global equity investors with Japan’s Nikkei 225 hovering past its 30-year high. The renewed optimism around the upcoming corporate earnings i...
