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US markets close mixed as defensive stocks lead gains
September 21, 2021 05:16 PM EDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...
French reprisal on the trade front for Australia?
September 21, 2021 06:36 AM EDT| By Rini ZachariahHighlights A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc.....
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A video of Tesla’s Autopilot car that grabbed Musk’s eyeballs
September 21, 2021 05:14 AM EDT| By Team Kalkine MediaWhile many people have been doubtful on the Tesla’s Autopilot feature, a Twitter video of Tesla’s Autopilot car has grabbed the company CEO Elon Musk’s attention. Recently a video of a man went viral on Twitter where he was enjoyi.....
Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike
September 21, 2021 04:37 AM EDT| By Furquan MoharkanHighlights Protests against lockdown continue in Australia’s major cities. Cases in Victoria have spiked to a new high. The country reported 11 deaths on Monday. Anti-lockdown protests rocked Australia’s second most populous c.....
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Why is FreeRiver grabbing the spotlight?
September 21, 2021 03:09 AM EDT| By Team Kalkine MediaChoosing the best cryptocurrency involves choosing an exchange or trading platform that supports deposit and withdrawal of the local fiat currency, hence it is important to consider all factors before starting our investment. The global cryptocurr.....
China holiday softens Evergrande crisis impact on investors
September 21, 2021 02:39 AM EDT| By Furquan MoharkanHighlights Japanese Indices have crashed 1.5% after a long weekend. Chinese share markets are closed on account of holiday. The ASX has recovered by 26 basis points. Equities in the Asia-Pacific (APAC) region were mixed in Tuesday’.....
Will France retaliate by hampering EU-Australia FTA?
September 21, 2021 01:06 AM EDT| By Team Kalkine MediaHighlights The Australian Trade Minister – Dan Tehan calls the ongoing diplomatic crisis between France and Australia a “business as usual”. Britain and Australia insisted the diplomatic crisis would not affect the French-Aus.....
Why should world worry about Evergrande collapse?
September 20, 2021 10:58 PM EDT| By Furquan MoharkanHighlights Fears of default are looming large for China’s Evergrande Group. The property developer owes US$305 billion in debt across markets. This would be the biggest test for China’s financial system in years. In August of .....
US markets close in red, dragged down by energy, financial stocks
September 20, 2021 05:49 PM EDT| By Sanjeeb BaruahAll benchmark US indices closed in the red on Monday, Sep 20, after energy and financial stocks led broad losses across segments and China’s Evergrande default fears loomed. The S&P 500 fell 1.70% to 4,357.73. The Dow Jones fell 1.78% to 3...
Why has Biden’s approval rating fallen to the lowest?
September 20, 2021 03:00 PM EDT| By Toshiva JainHighlights A recent poll magnified people’s attitude towards Biden’s government. It showed that most people are dissatisfied with Biden’s performance. The poll revealed that around 71% Americans believe that the USA&rsqu.....
China-Australia: The present and future
September 20, 2021 05:02 AM EDT| By Furquan MoharkanAustralia has recently decided to buy nuclear submarines from the US, as part of a trilateral pact with the US and the UK – called AUKUS. The trigger: growing military influence of China in Indo-Pacific. How is China militarily growing in Indo...
Evergrande executives face “severe punishment” securing early redemptions
September 20, 2021 04:39 AM EDT| By Team Kalkine MediaHighlights Six senior executives of a Chinese property group – Evergrande Real Estate Limited face severe punishment for securing early redemptions. The company owes an estimated US$300 billion to the other suppliers and creditors. Everg.....
Evergrande woes resonate in Wall Street: Dow, S&P futures in red
September 20, 2021 04:23 AM EDT| By Furquan MoharkanHighlights Wall Street options trading in red ahead of the market open US indices have now logged three consecutive weekly losses Evergrande woes weigh heavy in Wall Street US futures were trading in the red on early Monday morning after .....
Has AUKUS caused an irreparable dent in Australia-France relationship?
September 20, 2021 04:21 AM EDT| By Furquan MoharkanHighlights French and other NATO countries are at loggerheads with each other. The French are upset about Aussies unilaterally scrapping the NATO deal This has caused clear fissures in NATO In 2014, they were fighting shoulder to shoulder.....
What’s behind Hong Kong bloodbath? Evergrande sinks to all-time-low, Hang Seng Property bleeds
September 20, 2021 03:31 AM EDT| By Furquan MoharkanHighlights Evergrande shares have crashed to an all-time low; Hang Seng Index is at 52-week low; and Hang Seng Property Index has sunk to its lowest since the global recession. Other Chinese property stocks are also down by double digits in int.....
Facebook responds to WSJ’s accusations
September 19, 2021 03:02 AM EDT| By Neha SimpyHighlights Recently, Facebook has reacted to the allegations made by the Wall Street Journal. WSJ’s one of the allegations were on FB owned Instagram affecting mental health. FB’s vice-president of global affairs acknowledged the c.....
Why is France upset over Aukus submarine deal?
September 19, 2021 02:58 AM EDT| By Neha SimpyHighlights Lately, Australia has inked Aukus deal with the US and the UK, providing Australia the technology to develop submarines with nuclear powers. Reacting to the deal France recalled two of the French ambassadors to the US and Australia t.....
Space X’s Inspiration4 alights successfully on Earth after 3-day mission
September 19, 2021 02:56 AM EDT| By Neha SimpyOn Saturday, 18 September, a crew of four individuals made a safe come back to the planet Earth post orbiting in space for 3 days. After landing on Earth, the crew members boarded the helicopter to NASA’s Kennedy Space Center. Source: Copy.....
US stocks close in a sea of red as tax hike fears grow
September 17, 2021 05:09 PM EDT| By Sanjeeb BaruahUS stocks closed the week in a sea of red on Friday, September 17, after technology shares led the broad losses across segments and tax hike fears dragged the benchmark indices down. The S&P 500 fell 0.91% to 4,432.99. The Dow Jones fell 0.48% t...
A week when APAC markets were in mostly in red
September 17, 2021 07:44 AM EDT| By Furquan MoharkanThe Asia Pacific markets were mostly in red during the week amid regulatory concerns surrounding sectors such as technology and casinos in China and the COVID-19 pandemic in Australia. The Morgan Stanley Capital International (MSCI), which is the .....
