AUS
NZ
UK
CA
USA
IND
World news
Optus parent Singtel sells 70% stake in tower business raising A$1.9B
October 01, 2021 11:42 AM BST| By Priyanka PayalHighlights Singtel, the parent company of Optus divested a 70% ownership in its Australian tower network (ATN) to AustralianSuper for AU$1.9 billion. Optus tower auctions would certainly provide funds to the Company for a 5G rollout. For m.....
Why these 11 nations do not tax Bitcoin gains
October 01, 2021 10:00 AM BST| By Jasmine AnandHighlights Many countries nowadays are implementing friendly legislations to attract crypto traders as well as foreign investments in form digital assets. Belarus was the first government to legitimise crypto activities. Other countries which .....
NSW premier Gladys Berejiklian resigns
October 01, 2021 07:30 AM BST| By Furquan MoharkanThe premier of New South Wales (NSW), Gladys Berejiklian, resigned today after the state’s corruption watchdog said it was investigating whether she was involved in conduct that "constituted or involved a breach of public trust". The NSW premi...
Who is the Wall Street’s secret billionaire investor?
October 01, 2021 03:55 AM BST| By SamtaHighlights Private-equity investor and billionaire Ramzi Musallam has turned tragedy into fortune. Musallam had been Veritas’ second highest ranking executives. The billionaire has been majorly focusing on US State’s Federal Govern.....
TikTok rolls out its first NFT collection; key things to know
October 01, 2021 03:45 AM BST| By AshishTikTok has become the latest company to enter the non-fungible token (NFT) world. On 30 September 2021, the video-sharing social networking site launched an NFT collection, which will enable its leading content creators to partner with top NFT crea.....
How rough was September Effect this year?
October 01, 2021 03:42 AM BST| By Furquan MoharkanHighlights The overall market sentiment was negative. S&P500 marked its worst show since September 2020. BOVESPA put up the worst show for the month. The month of September has seen far more corrections in equity markets than any othe.....
.jpg)
NZ keen on exploring adoption of digital currency
September 30, 2021 10:09 AM BST| By Jasmine AnandHighlights The RBNZ looking at possibilities to launch a digital currency. The Central Bank urged the public to send their feedback by 6 December. The official adoption of the digital currency would help to preserve monetary power and ma.....
.jpg)
What’s chipping away at global supply chain?
September 30, 2021 07:47 AM BST| By AayushHighlights The supply chain disruption has already left the world running short of several goods and services. The overstressed global supply chain is probably on the brink of collapse, as warned by some international bodies. These group.....
China’s manufacturing PMI data drags Hong Kong shares in red
September 30, 2021 06:18 AM BST| By Furquan MoharkanHighlights The Hang Seng Index has crashed by over 1% APAC markets are tracking an unexpected shock contraction in China’s factory activity. Australian markets are the best performers in the region Shares in the Asia Pacific region .....
Here’s why the EA share price witnessed a wild ride in September
September 30, 2021 05:23 AM BST| By AayushHighlights The release of Electronic Arts’ latest videogame, Battlefield 2042, has been delayed by almost a month. Despite a delay, the management stood firm on its previous guidance of US$6.85 billion in sales for 2022. The EA share pri.....
Evergrande founder's net worth takes a US$15.6 billion hit
September 30, 2021 03:34 AM BST| By Furquan MoharkanHighlights Xu Jiayin, Evergrande’s founder, has lost the most among the world’s richest in 2021. Jiayin has seen his net worth plummet by 66.98%. Shares of Evergrande have crashed by a massive 78.29% since the beginning of 2021. .....
.jpg)
US stocks wrap up day mixed as defensive sectors gain
September 29, 2021 02:11 PM PDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, September 29, after consumer staple and utility stocks posted strong gains amid fears of a slowdown in economic recovery. The S&P 500 was up 0.16% to 4,359.46. The Dow Jones rose 0.26% to 34,390.72...
Evergrande to sell stake worth US$1.5 billion in Shengjing Bank
September 29, 2021 10:01 AM BST| By Furquan MoharkanHighlights Evergrande is set to dispose of its entire stake in Shengjing Bank. The stake sale would fetch Evergrande US$1.5 billion. The company has a US$47.5 million bond interest payment deadline today. Embattled Chinese property .....
Will Evergrande debt bomb burst China’s housing bubble?
September 29, 2021 08:19 AM BST| By Furquan MoharkanOne of the largest debt-laden realtors in the world, Chinese property giant Evergrande is saddled with a debt of nearly US$310 billion, which is 2.1% of the Chinese economy. The Evergrande debt crisis is no less than a ticking time bomb, which is lik...
How crypto assets are treated for tax purposes in NZ
September 29, 2021 07:19 AM BST| By Jasmine AnandThe craze of owning and trading in cryptos is moving at an unprecedented pace. As per reports in 2019, the global cryptocurrency market stood at US$759.0 million and is forecasted to grow by 11.2% CAGR and reach US$1758.0 million by 2027. However,.....
Lukas Kamay – “The worst insider trading case”
September 29, 2021 04:03 AM BST| By SamtaHighlights Lukas Kamay along with Christopher Hill, misused government data for their fortune. Kamay betrayed both the shareholders and his accomplice. Kamay and Hill used to communicate through burner phones registered to other people. .....
What is Rapid Antigen Testing? All you should know about it
September 29, 2021 02:13 AM BST| By Furquan MoharkanA Rapid Antigen Test (RAT) is one of the quickest ways to test if you have COVID-19 infection or not. It is mostly used in situations when a patient needs it for quick clarity. The test is being widely used in the US, European countries, and India. N...
US indices close in red as tech, consumer stocks slump
September 28, 2021 02:42 PM PDT| By Sanjeeb BaruahBenchmark US indices closed in red on Tuesday, September 28, after broad losses across stock segments and investors weighed weak consumer confidence data, raising concerns about an economic slowdown. The S&P 500 was down 2.04% to 4,352.63. The D...
Phone Scam explosion in Australia report a loss of A$211 million
September 28, 2021 11:17 AM BST| By Sonal GoyalHighlights A phone-based scam in which the users receive suspicious voicemails, texts and phone calls to steal personal data has fuelled this year in Australia. ACCC reported loss of AU$211 million this year. For the same period, AU$11,0.....
China faces double whammy as power crisis adds to Evergrande woes
September 28, 2021 07:56 AM BST| By Furquan MoharkanIn a double whammy, the world’s second largest economy – China – has been grappling with a massive power crisis in its north-eastern region, besides battling the fallouts of an inevitable default by the embattled property develope.....
