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Energy Consumers in The UK Willing to Adopt Sustainability: Survey
February 03, 2021 12:02 PM GMT| By Kunal SawhneyGlobal consulting firm EY in a survey came across startling facts regarding the changing consumption pattern in the UK’s energy sector. According to the survey findings, more customers are factoring sustainability while choosing energy-relate.....
Hormel is eyeing to buy Kraft Heinz’s brand Planters
February 03, 2021 10:55 AM GMT| By Team Kalkine MediaThe Kraft Heinz Company (NASDAQ: KHC) is in talks with Hormel Foods Corporation (NYSE: HRL) to sell its Planter snack business for $3 billion. The deal might be finalised in the new few weeks as Hormel is .....
Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Pressure
February 03, 2021 09:58 AM GMT| By Team Kalkine MediaUS oil and gas giant Exxon Mobil announced a new business venture called ExxonMobil Low Carbon Solutions focusing on low-emission technologies. The company pledged to invest US $3 billion till 2025 in carbon capture storage and other low emissions .....
T-Mobile Finalises Price to Buy Shentel Wireless Business
February 03, 2021 09:42 AM GMT| By Team Kalkine MediaMobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets. T-Mobile is expected to shell out $1.95 billion for acquiring Shentel’s wireless business......
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FTSE 100 likely to extend gains as confidence restores partly
February 03, 2021 08:06 AM GMT| By Team Kalkine MediaUK stock markets are likely to open higher on Wednesday, 3 February, tracking the upbeat Asian cues with Japanese Nikkei 225 rising a per cent at the close. Most of the Asian stock indices traded higher on Wednesday barring the headline stock indicat...
Buying frenzy cools off; is there any steam left in GameStop short squeeze?
February 03, 2021 07:34 AM GMT| By Kunal SawhneyThe rally in GameStop has probably come to an end as the share price tanked by a massive 60 per cent on Tuesday and closed the session at US$90. The unprecedented volatility seen in this counter is still quite high. However, it is the first time si.....
AstraZeneca Oxford vaccine could lead to fall in coronavirus spread, claims study
February 03, 2021 07:30 AM GMT| By Team Kalkine MediaSummary A scientific study suggests that a single dose of the AstraZeneca Oxford vaccine lowers the Covid-19 virus transmission by two-third. A single shot offers 76 per cent immunity against the virus for up to a period of three months. A.....
Myanmar Coup Explained: Here’s What Exactly Happened
February 03, 2021 06:19 AM GMT| By Hina ChowdharyThe reports of an unfolding military coup in Myanmar have shocked the world. The military has reportedly detained National League for Democracy (NLD) party's prominent leader Aung San Suu Kyi and other leaders. Suu Kyi won the November 2020 polls .....
Who is replacing Jeff Bezos as Amazon CEO?
February 03, 2021 04:05 AM GMT| By Team Kalkine MediaEven before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon announced that Bezos would step down and take up the role of executive chairman. The company announced .....
Why private house approval hit a new high in December 2020
February 03, 2021 02:38 AM GMT| By Team Kalkine MediaThe private sector house approvals surged for the sixth straight month in December and hit a record high amid robust demand due to stimulus measures and low-interest rates. While the approvals for private houses jumped 15.8 per cent in December, dw.....
Oil Giant BP Posts Dismal Annual Performance; Q4 Numbers Improve
February 03, 2021 02:33 AM GMT| By Kunal SawhneyGlobal oil & gas trading giant British Petroleum (BP) has announced the fourth-quarter and full-year 2020 results. The Company registered an underlying replacement cost profit of $0.1 billion in Q4 ended 31 December 2020, which remained in...
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Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 02:08 AM GMT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
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Crude Oil Prices Stall, Will the Northward Move Continue?
February 03, 2021 12:01 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled with prices of Brent crude oil futures trading in a range of USD 55.00 to USD 57.50 per barrel. The surge in prices witnessed over the past couple of weeks could be primarily linked to the production cut as announce...
Will tough times force oil majors ExxonMobil and Chevron into a merger?
February 03, 2021 12:18 AM GMT| By Team Kalkine MediaThe crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) across the table to discuss a possible merger. According to medi.....
US stocks extend gains after GameStop reversal continues
February 02, 2021 09:45 PM GMT| By Hina ChowdharyExtending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mania around speculative retail trading continued to ease in the market after the video game stock fel.....
London and US Markets’ Edged Higher; Dow Jones up by over 500 points
February 02, 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 59.54 points or 1.58 per cent higher at 3,833.40, Dow Jones Industrial Average Index expanded by 530.78 points or 1.76 per cent high...
Eaton Corp Buys Cobham Mission Systems For £2 Billion
February 02, 2021 03:41 PM GMT| By Kunal SawhneyAmerican Irish-domiciled multinational engineering firm Eaton Corporation Plc (NYSE: ETN) has bought British aerospace manufacturing company Cobham Limited’s air-to-air refuelling arm for £2 billion. The amount paid by Eaton for Co.....
Wheels Up eyes NYSE with enterprise value of $2.1 billion
February 02, 2021 02:18 PM GMT| By Kunal SawhneyWheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company notching an enterprise value of $2.1 billion after its merger with Aspirational Consumer L.....
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PM Johnson optimistic of UK summer holidays this year
February 02, 2021 09:46 AM GMT| By Team Kalkine MediaSummary Boris Johnson is hopeful of the prospects of summer holidays this year, but only if the vaccine rollout goes well. While the lockdown is working fine, it was too early to ease restrictions, Johnson said. The travel indu.....
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FTSE 100 Seen Opening in Green as Global Equities Amplify Gains
February 02, 2021 07:49 AM GMT| By Team Kalkine MediaThe UK share markets are set to open on a positive footing on Tuesday, 2 February, following the market-wide upsurge in the Asian stocks with global equities amplifying the gains. The rapidly progressing Covid-19 vaccination programme is seemingly re...
