News
Canadians Line-Up To Invest In Cryptocurrency Market
February 10, 2021 03:28 AM AEDT| By Kunal SawhneyAfter Bitcoin flied to an all-time high, Canadians are actively searching for crypto exchange apps to enter the lucrative cryptocurrency market. Retail investors especially have been exploring options for crypto trading accounts. B.....
Why has China banned popular social media app Clubhouse?
February 09, 2021 10:08 AM GMT| By Team Kalkine MediaThe social media app Clubhouse was blocked in China on 8 February following a brief period of unrestricted access. It is a voice-based app, which is only available for iPhone users, where people can share audio clips and share their updates or conc.....
Why FTSE 100 May Open Lower Even as GBP Nears 1.38 vs USD
February 09, 2021 08:23 AM GMT| By Team Kalkine MediaUK stock markets are expected to open lower on Tuesday, 9 February, tracking the mixed Asian cues with Japanese benchmark Nikkei 225 concluding in positive territory. Other regional Asian markets registered moderate-to-sharp gains with China’s...
Amazon’s green energy initiative: strikes deal to buy over 380MW of clean power
February 09, 2021 08:09 AM GMT| By Team Kalkine MediaOnline retail giant Amazon (NASDAQ:AMZN) has progressed further on its commitment to make the Company a net-zero carbon emitter by 2040. The Seattle-headquartered firm signed an agreement to purchase 380MW of green energy produced from an offshore .....
Why Labour is asking Sunak to extend Covid-19 support to the businesses
February 09, 2021 07:58 AM GMT| By Team Kalkine MediaThe Labour party has urged Chancellor of the Exchequer Rishi Sunak to extend the support for ailing companies after March, when much of it is slated to expire. The party has warned that businesses could face a £50-billion&.....
Tesla jumps on Bitcoin bandwagon, how is the crypto currency looking on charts?
February 09, 2021 07:25 AM GMT| By Kunal SawhneyA big shot in the arm for Bitcoin bulls, the world’s biggest automobile company, by market cap, Tesla has invested USD 1.5 billion in Bitcoin. Copyright © 2021 Kalkine Media Pty Ltd The twitter discussion between Michael J. Saylor (Co-...
Will silver repeat the “gold story”?
February 09, 2021 07:10 AM GMT| By Team Kalkine MediaThe silver price rise has been a sensational story so far. The white metal is trading above US$26 per ounce after 13 years. The price rose to nearly 20% in the last one week. The price movement of silver in 10 years (Image Source: Refinitiv Eiko.....
SoftBank Q3 Net Profit Swells to $11 Billion On The Back Of Vision Funds
February 09, 2021 05:42 AM GMT| By Team Kalkine MediaJapanese telecom and e-commerce conglomerate SoftBank Group Corp. has recorded one of the best earnings quarters ever. This huge success has been underpinned by clever investments in key assets through some of the company’s signature funds. .....
How global chip shortage is denting auto production plans
February 09, 2021 02:58 AM GMT| By Team Kalkine MediaThe hopes for a speedy recovery in the automotive industry seem to be in jeopardy again. The global automakers were hit hard by the pandemic and had just begun to bounce back from its aftermath; however, another challenge has sent the industry into.....
Why US stock indices are trading at record highs
February 08, 2021 09:45 PM GMT| By Kunal SawhneyThe three major US stock indices closed at record high levels on Monday amid hopes around additional coronavirus stimulus and economic recovery. The investors were optimistic after Treasury Secretary Janet Yellen said the United States could return.....
Basic Materials & Energy Shares Lifted FTSE 100 Higher; Arrow Global Stock Zoomed by 23.43%
February 08, 2021 08:35 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 20.53 points or 0.53 per cent higher at 3,907.36, Dow Jones Industrial Average Index expanded by 199.37 points or 0.64 per cent higher at 31...
Marathon (MARA) & Riot Crypto Stocks Balloon With Bitcoin High
February 09, 2021 03:51 AM AEDT| By Hina ChowdharyCryptocurrency companies Marathon Patent Group Inc (NASDAQ:MARA, MARA:US) and Riot Blockchain Inc (NASDAQ:RIOT, RIOT:US) began Monday, February 8, with notable surges in their stock prices. While Marathon stocks were up by about 34 per cen.....
Dogecoin Roars On Elon Musk & Snoop Dogg Tweets
February 09, 2021 03:49 AM AEDT| By Kunal SawhneyThe world’s richest person has been tweeting in favor of a meme-based crypto coin, Dogecoin, for the last one month. In a series of Twitter posts, Mr Musk has called the mid-cap coin a rival of giant cryptocurrency bitcoin. Dogecoin&.....
Bitcoin Hits Record $44,500-Mark On Tesla’s $1.5-Billion Investment
February 09, 2021 01:38 AM AEDT| By Kunal SawhneyBitcoin has made yet another record! The largest virtual coin touched the US$ 44,500-mark on Monday, February 8. The topline cryptocurrency surpassed its previous all-time high of US$ $42,002.55, with over 15 per cent surge. The surge came.....
Graphcore Calls on UK Regulator to Block Nvidia-Arm Acquisition
February 08, 2021 11:03 AM GMT| By Kunal SawhneyUS-based computer systems design services company Nvidia Corporation (NASDAQ: NVDA) has got fresh resistance from Microsoft-backed Graphcore, which is an AI accelerator and machine learning chip developer, regarding the acquisition of Briti.....
Hyundai, Kia Deny EV Collaboration Reports with Apple
February 08, 2021 10:48 AM GMT| By Team Kalkine MediaKorean automotive manufacturers Hyundai Motor Company (KRX: 005380) and Kia Motors (KRX: 000270) denied reports of partnership negotiations with technology giant Apple (NASDAQ: AAPL) to develop self-driving electric vehicles, in separate regulatory.....
Vocus receives a takeover bid from Macquarie Infrastructure
February 08, 2021 09:50 AM GMT| By Team Kalkine MediaSydney- based fibre network owner Vocus Group Ltd (ASX: VOC) has announced that it has received a takeover offer from Macquarie Infrastructure and Real Assets Holdings Pty Ltd (MIRA) for A$3.42 bill.....
How Nickel Dispute Uncorked a Political Storm in French-ruled New Caledonia
February 08, 2021 08:57 AM GMT| By Kunal SawhneyThe French-controlled island of New Caledonia is going through a political turmoil after its government collapsed after dispute over nickel assets sale. The crisis originated when five out of the total 11 members of the government executive resigne.....
South Africa suspends Oxford-AstraZeneca vaccine rollout
February 08, 2021 07:40 AM GMT| By Team Kalkine MediaSouth Africa has temporarily suspended the rollout of Oxford-AstraZeneca vaccine after a study claimed that the vaccine provided minimum protection against the new Covid-19 variant detected there. These are early trail results of a new st.....
Siemens Gamesa grabs a piece of UK’s lucrative wind generation market
February 08, 2021 05:47 AM GMT| By Hina ChowdharyBelfast-headquartered Scottish Power Renewables (SPR) has shortlisted Spain-based Siemens Gamesa Renewable Energy, S.A. (SGRE) to supply and install more than 200 14MW+ turbines for East Anglia Hub. The total project cost is £.....