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ASX market rises, following Wall Street’s rally before the US elections result
November 04, 2020 07:27 PM PST| By Kunal SawhneyFinally, the world is closer than ever to witness, probably the most important event for the world nowadays, i.e. outcome of the 59th quadrennial US presidential elections. With the current count of 264 electoral votes in favour of Joe Biden, the m.....
Crude Oil rallies over 4% in three days, what is keeping the bulls busy?
November 04, 2020 06:17 PM PST| By Hina ChowdharyThe Crude oil prices jumped early on 03 November 2020, with Brent benchmark crude prices back above the $40 per barrel, fresh rally in the financial markets and a weaker U.S. dollar on Election Day are considered the main reason for the recent jump.....
AU & US Earnings beat expectations but future still looks gloomy
November 04, 2020 11:00 AM PST| By Team Kalkine MediaThe coronavirus pandemic has put a dent in the earnings of various sectors and the sector leaders. However, against the initially forecasted drop in the earnings, the recovery has been quite fast across sectors. Looking at the third quarter perfor.....
Ant Group’s Race to world’s biggest IPO Abruptly Derailed, Regulator Raises Red Flag
November 04, 2020 12:01 AM PST| By Team Kalkine MediaWhat was supposed to be the world’s biggest Initial Public Offering (IPO) by financial technology company Ant Group, came to an abrupt halt in Shanghai and Hong Kong when Chinese regulators waved a red flag, derailing a record USD 34.5 billio.....
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Volatility In Gold And Crude Surges On The Heels Of US Presidential Elections 2020
November 03, 2020 07:50 PM PST| By Team Kalkine MediaGold prices are back in focus as the U.S. 2020 presidential election reaches the crescendo. The gold spot market has demonstrated an upper bounce during the trading session on 4 November 2020 with gold spot surging from the recent low of USD 1,859......
New Zealand witnesses the biggest quarterly rise in the unemployment rate in Q3
November 03, 2020 06:56 PM PST| By Team Kalkine MediaNew Zealand recorded the largest quarterly rise in the unemployment rate in 3 months ended September 2020, in line with economists' predictions, as firms were compelled to lay off workers amid coronavirus induced recession. The official unemployme.....
Why is PM Scott Morrison’s decision on Christine Holgate dubbed “double standard”?
November 02, 2020 10:50 PM PST| By Team Kalkine MediaAustralia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision comes after PM Scott Morrison criticised her act of gifting expensive Cartier watches to senior exec.....
AstraZeneca (AZN) Sells the rights of Two drugs to Cheplapharm for US$400 million
November 02, 2020 10:36 PM PST| By Team Kalkine MediaAstraZeneca Plc (LON:AZN) disclosed that it signed an agreement to sell the commercial rights of its hypertension medicines Atacand and Atacand Plus to Cheplapharm Arzneimittel GmbH, a German pharmaceutical company. Cheplapharm&.....
US Presidential election at the fag end, is the market nervous?
November 02, 2020 09:00 PM PST| By Team Kalkine MediaWith the US Presidential election 2020 due today i.e. 3 November 2020, the stock market has already given a key signal of the winner. CFRA’s ‘Presidential Predictor’ is showing victory of Joe Biden, the Democratic candidate, defea.....
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Google’s sister company X sheds light on its ambitious mental health project
November 02, 2020 08:55 PM PST| By Team Kalkine MediaAlphabet’s X, the Moonshot Factory, recently published a new blog post, detailing the findings of its mental health project called Project Amber. X, Google’s sister company, is a semi-secret research and development facility and organi.....
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Aotearoa Circle's Sustainable Finance Forum Out; NZGIF under the Spotlight
November 02, 2020 08:19 PM PST| By Team Kalkine MediaThe latest report by Aotearoa New Zealand’s Sustainable Finance Forum (SFF), representing the collective initiatives of the SFF undertaken from January last year to November 2020, is grabbing headlines lately. The report sets out priorities a.....
Is the NZ housing market set to thrive?
November 01, 2020 10:48 PM PST| By Team Kalkine MediaThe housing market of NZ has been surging substantially after the Alert level 4 lockdown ended, partly due to low interest rates, removal of loan to value ratio restrictions temporarily and scarcity of homes for sale. People are flocking to purcha.....
Amex, Visa and Mastercard hit hard by subdued international travel
November 01, 2020 09:09 PM PST| By Team Kalkine MediaInternational travel continues to be one of the areas suppressed by pandemic implications. Although international travel has resumed in channels, the return to pre-pandemic levels is far. In the light of rising infections in Europe, countrie.....
Weak iPhone sales dragged Apple stock price in after-hours trading
November 01, 2020 05:46 PM PST| By Team Kalkine MediaApple Inc. shares declined by 5.2% in after-hours trading on 29 October as the Company once again failed to offer a financial outlook amid the ongoing certainty surrounding the coronavirus outbreak. Since coronavirus related delay caused the new s.....
Staycation and workation becoming the latest trends in the hospitality segment
October 31, 2020 07:20 AM PDT| By Kunal SawhneyCOVID-19 has pushed people to come out of their daily routine and adapt to living in the new normal. The crisis has led the hospitality industry to bring innovation and modifications in their services as countries reopen gradually after seve.....
Why electric trucks are gaining more popularity?
October 31, 2020 06:11 AM PDT| By Edita IvancevicElectric cars are likely to replace traditional vehicles in the upcoming years, as the demand for sustainable energy grows by the day. However, companies such as Tesla do believe that humanity can get out of the mess it created. Electric vehicles a.....
10 reasons why Bitcoin might not be the best investment
October 30, 2020 08:02 AM PDT| By Edita IvancevicWhile traditional stock markets are prone to experiencing high volatility due to changing economic or political situations in the world, cryptocurrencies are not affected in the same way. They tend to be influenced by unprecedent, almost overnight .....
Negative official rates and FLP a downer for bank profits
October 30, 2020 01:24 AM PDT| By Team Kalkine MediaLast month, in September, RBNZ (Reserve Bank of New Zealand) announced that the term funding for the FLP (Funding for Lending Programme) would be ready by the end of 2020 before it cuts OCR (Official Rate Cut) prior to March 2021, as there was a ne.....
ANZ's new emissions policy welcomed by conservationists but irks senior Nationals MPs
October 29, 2020 10:00 PM PDT| By Team Kalkine MediaAustralia and New Zealand Banking Group (ASX:ANZ) and (NZX:ANZ) is a dual listed stock that unveiled its latest climate change policy, which will see the Bank moving away from funding thermal coal and switching to a zero-emissions economy by 2.....
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New Zealand votes for Euthanasia, Cannabis legalisation gets a thumbs down
October 29, 2020 09:41 PM PDT| By Team Kalkine MediaIn a significant development, majority of the New Zealanders have voted yes to legalise Euthanasia. Preliminary results are out after the New Zealander cast their votes in two referendums – one for the End of Life Choice Act and second for th.....
