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What Does RICS’ Latest Survey Say About Property Prices in the UK
February 11, 2021 10:48 AM GMT| By Team Kalkine MediaThe third lockdown imposed in the UK has cast a shadow on its property market. In its monthly survey RICS (the Royal Institution of Chartered Surveyors) stated that after a seven-month of continuous rise in new buyer enquiries, January recorded a d.....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 10:13 AM GMT| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
Why Bank of Canada Calls Crypto Boom A Speculative Mania?
February 11, 2021 07:35 PM AEDT| By Ipsita SarkarThe recent surge of cryptocurrencies has caught the imagination of people from around the world. But not all are amused. A senior official of the Bank of Canada dubbed the crypto rally a speculative mania that would soon run out of steam. The ban.....
‘Who Let the Doge Out’: Elon Musk’s tweet that did wonders for Dogecoin
February 11, 2021 08:23 AM GMT| By Team Kalkine MediaDogecoin is once again grabbing headlines with its price reaching a record high of USD 0.8106 (intraday high on 7 February 2021) at cryptocurrency exchange Binance, and billionaire Elon Musk revelling in his purchase of the digital currency. Dogec.....
UK exporters facing Brexit-related hurdles, says study
February 11, 2021 08:02 AM GMT| By Team Kalkine MediaAlmost half of British businesses exporting goods have run into trouble due to Brexit transition regarding trade terms with the European Union, a British Chamber of Commerce study has stated. As per the report, 49 per cent of the goods exporters an.....
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Are Energy Stocks Better Alternative to Tech Stocks?
February 11, 2021 03:20 AM GMT| By Team Kalkine MediaOn the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made a new lifetime high of 8,121.84 (as on 08 February 2021). The index price is trending upward, form.....
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Why is Copper at a New Seven-Year High?
February 11, 2021 02:12 AM GMT| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
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Qatar Eyes Top Spot With World’s Largest LNG Project
February 11, 2021 01:48 AM GMT| By Team Kalkine MediaIn a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entailing an investment of US$28.75 billion, will involve the construction of four mega LNG trains, each .....
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What drove Twitter’s Q4 Revenue to Record High?
February 11, 2021 12:39 AM GMT| By Team Kalkine MediaSocial media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage (mDAU) in the last quarter of 2020. Q4 2020 Financial highlights Revenue - 2020 revenue stood.....
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Why US Markets Ended Flat For Second Straight Day
February 10, 2021 09:43 PM GMT| By Team Kalkine MediaMajor US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged market sessions recently. The S&P 500 was down 0.03% to 3909.88, while the Dow Jones Industr.....
Did recent earnings announcement push FTSE 100 higher?
February 10, 2021 07:31 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 7.24 points or 0.19 per cent lower at 3,903.99, Dow Jones Industrial Average Index dipped by 2.69 points or 0.01 per cent lower at 31,373.14,...
Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%
February 10, 2021 05:42 PM GMT| By Team Kalkine MediaAmsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign after its net profits slumped by 50 per cent year-on-year due to the Covid-induced backlash and slugg.....
Why is SF Holdings Eager to Acquire Kerry Logistics Network?
February 10, 2021 11:14 AM GMT| By Kunal SawhneyChinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controlling stake in Hong Kong-based logistics company Kerry Logistics Network. In a bid to bolster its g.....
Why are the UK finance tax receipts projected to drop this year?
February 10, 2021 07:59 AM GMT| By Team Kalkine MediaA report released by the City of London Corporation has stated that the amount of tax contribution from the British financial sector for 2020-21 is uncertain due to the double blow of the pandemic and Britain’s exit from the Europea.....
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Elon Musk drops hints on the timing of Starlink IPO
February 10, 2021 07:54 AM GMT| By Team Kalkine MediaBusiness tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500 last year. Early in 2021, Musk became the world's wealthiest person, overtaking Amazon's founder .....
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Is Cryptocurrency hitting the mainstream again?
February 10, 2021 04:08 PM AEDT| By Mark O'DonnellCryptocurrency is again filtering into the NZ mainstream news at a regular rate. This is because investors have been flocking to the digital asset while record prices are being set every other week. The price of Bitcoin, the most popular and well-.....
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INSIGHTEC’s MR-guided focused ultrasound treatment approved by China’s NMPA
February 10, 2021 03:02 AM GMT| By Team Kalkine MediaA global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Products Administration (NMPA) for its Exablate Neuro platform. NMPA is a Chinese agency which focu.....
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US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy Boost
February 09, 2021 10:14 PM GMT| By Team Kalkine MediaS&P 500 and Dow Jones saw several ups and down during the trading session, dragged by the cyclical and utilities sectors, to end flat on Tuesday. The tech-heavy NASDAQ held its ground to shrug off the downward trend, as the anticipation of the .....
British Equities Traded Marginally Higher; Equiniti Group Stock Soared by 29.76%
February 09, 2021 09:32 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.79 points or 0.07 per cent lower at 3,912.80, Dow Jones Industrial Average Index contracted by 63.16 points or 0.20 per cent lower...
Elon Musk’s Romance With Cryptocurrency
February 10, 2021 04:37 AM AEDT| By Hina ChowdharyElon Reeve Musk, the founder and chief executive officer of Tesla Inc (US:TSLA or NASDAQ: TSLA), has been actively tweeting on cryptocurrency since the beginning of this year, expressing his love for the crypto market. His posts have contributed to t...
