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White House in firefighting mode after pause on J&J jabs
April 13, 2021 06:08 PM PDT| By Furquan MoharkanSource: RajCreatives, Shutterstock Summary 6 bloodclots reported among the US citizens after J&J vaccine CDC, FDA analysing the data in clots Australia has also been guarded about usage of AstraZeneca vaccine The White Hou...
S&P 500, NASDAQ Close Higher, Dow Jones Slips
April 13, 2021 02:59 PM PDT| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd The U.S. stock market benchmarks the S&P 500 and the NASDAQ Composite Index closed higher on Tuesday, April 13, 2020, while the Dow Jones Industrial Average lost 68 points. Investors seemed to...
Bitcoin Breaches US$63K Mark Ahead Of Coinbase’s Public Debut
April 14, 2021 12:52 AM AEST| By AnujSource: Andreanicolini, Shutterstock Bitcoin crossed the US$ 63,000-mark for the first time on Tuesday morning, April 13, a day before US crypto exchange Coinbase Global Inc is set to go public on the NASDAQ via a direct listing. The crypto exchange...
What’s Making Australian Dollar Weak And NZD Firm?
April 12, 2021 11:13 PM PDT| By ManikaSource: Atstock Productions, Shutterstock Australia’s slow vaccine roll-out had an impact on the investor sentiment and the Australian dollar opened lower on Monday. However, the NZ dollar remained unchanged. The Australian dollar was down by...
Opinion: Banks may be reluctant lenders this year
April 12, 2021 09:38 PM PDT| By Furquan MoharkanRepresentative Image: A still-life with a home loan mortgage application, home loan calculator on smartphone and keys. © Cammeraydave | Megapixl.com Banks across the world are more likely to be reluctant lenders in this calendar year, whic...
New Zealand passes climate change law for financial companies
April 12, 2021 09:30 PM PDT| By Team Kalkine MediaSource: CrizzyStudio, Shutterstock Summary NZ has become the first country to introduce a law that would need financial firms to explain the impact of climate change on their business. About 200 firms and many foreign firms that fulfil $1 bill...
Uber clocks record bookings in March on vaccination boost
April 12, 2021 09:10 PM PDT| By Team Kalkine MediaSource: Viacheslav Lopatin, Shutterstock Summary Uber’s gross bookings touched record high in March as consumer demand revives. Mobility business’ annualised gross bookings crossed a $30 billion run rate, up 9% on a month-over-mont...
WHO says COVID surge is ‘exponential’ right now
April 12, 2021 06:12 PM PDT| By Team Kalkine MediaA picture of a closed shop, due to the surge of novel Coronavirus COVID-19 pandemic, © Chfonk | Megapixl.com The World Health Organisation (WHO) has said that COVID surge has been “exponential” across the globe, as epicentre of...
Will NZ economic activity gather momentum in March quarter?
April 12, 2021 06:09 PM PDT| By Team Kalkine MediaSource:Freedomz, Shutterstock Summary NZ has performed strongly in the race to combat COVID-19. A think tank’s latest quarterly survey has revealed that there has been a small pick-up in business confidence. Survey results have been coh...
US Stocks Decline Ahead of Earnings Season
April 12, 2021 02:46 PM PDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The three major U.S. stock market indexes the S&P 500, Dow Jones Industrial Average and NASDAQ Composite ended lower on Monday, April 12, 2021, ahead of the earnings season. Technology and energy stoc...
New Upside Rally for PVH Corporation on the Cards?
April 12, 2021 04:06 AM PDT| By Team Kalkine MediaSource: Daniel Fung, Shutterstock Summary PVH Corp. (NYSE: PVH) prices almost quadruple in the 8 months (from March 2020 to January 2021) and made a new 52-week high. On the daily time frame chart, PVH Corp. prices are forming ascending triang...
Evolution Gaming Seals Deal to Acquire Big Time Gaming for EUR450M
April 12, 2021 01:56 AM PDT| By Furquan MoharkanSource: Emanuele Ravecca, Shutterstock Sweden-headquartered Evolution Gaming Group AB (NASDAQ:EVO) is set to acquire Big Time Gaming Pty Ltd in a deal worth EUR450 million to expand its strategic footprint. The deal will be executed through payment...
Are Kiwis inclining towards Australia amid soaring house prices?
April 12, 2021 12:05 AM PDT| By Team Kalkine MediaSource: Alexander Raths, Shutterstock The NZ government has taken several measures to curb the unsustainable rise in house prices. House prices in NZ have risen by over 20% and are about 25% in Auckland since the COVID-19 pandemic started. New...
Investors lose US$83 billion in one hour in India
April 11, 2021 10:24 PM PDT| By Furquan MoharkanSource: Indypendenz, Shutterstock The investors in Indian equities lost a whopping INR 6.24 trillion (US$73 billion) in the first hour of trade, on back of raging pandemic in the world’s second most populous country. Copyright © 2021 K...
What Is The Way Forward For Climate Change Initiatives?
April 11, 2021 08:07 PM PDT| By RomaSource: Sepp photography, Shutterstock Summary Climate change at industrial level will be more impactful. Strategic Government efforts shall result in change. First steps towards change with coal-based boiler ban. Climate change has been...
RBNZ’s Monetary Review: Will OCR Be Raised On Wednesday?
April 11, 2021 07:48 PM PDT| By ManikaSource: Freedomz, Shutterstock Summary Monetary Policy Review to be done on Wednesday. Will the Central Bank fiddle with the OCR is the question Economic uncertainty points to a no change in OCR. All eyes are on the Reserve Bank of New Z...
EVs are environment friendly, but too unfriendly on Kiwis’ pockets
April 11, 2021 07:06 PM PDT| By Team Kalkine MediaSource: THINK A, Shutterstock Summary The cost of EVs is a problem for most car shoppers in NZ. Kiwis might go for used EVs but there certain things for them to look at before they make any purchase. Government has been looking at some scheme...
Saudi Aramco Raises $12.4 Bn By One of The World’s Largest Energy Infra Deals
April 11, 2021 12:00 AM PDT| By AbhijeetSource: 63ru78, Shutterstock Summary Saudi Aramco will be selling a minority stake in a newly formed Pipeline Rights Unit. The deal involves 25-year lease-and-lease-back agreement and the company will be getting an upfront payment of around $1...
Alibaba Fined A Record $2.75 Billion By Chinese Authorities
April 10, 2021 11:51 PM PDT| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary The Chinese tech behemoth owned by one of the most successful entrepreneurs Jack Ma has been fined $2.75 billion for abusing its dominant market position The latest fine amounts to 4 per cent of t...
What’s in President Biden’s 2022 Budget Proposal
April 10, 2021 08:32 PM PDT| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
