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World news
China pumping billions into system to soften Evergrande blow
September 27, 2021 05:04 PM AEST| By Furquan MoharkanThe Chinese central bank – People’s Bank of China – has been pumping lot of cash into the system, as property developer China Evergrande’s default looms large on the world’s second largest economy. According to data c.....
Wing suspending home delivery drones: What investors need to know
September 27, 2021 03:16 PM AEST| By SamtaHighlights Home delivery drones in Australia had to be suspended after being repeatedly attacked by birds. Drones are operated by Wing – a program run in collaboration with Google for delivering small products. Wing to assess the birds&.....
Australia’s average wealth hits new highs: What does this mean?
September 27, 2021 02:36 PM AEST| By SamtaWith recovering share market, along with rising Bitcoin and soaring housing prices, Australia’s average wealth hit new highs. The average wealth of Australia has hit half a million mark, as the wealth of the Australians has been rising contin.....
Asia Pacific markets try to navigate out of Evergrande blues
September 27, 2021 02:05 PM AEST| By Furquan MoharkanHighlights Australia is today’s best performer in the region with 0.94% gain. Shares of Evergrande’s EV arm tanked in Hong Kong. APAC markets are in the green. The equity markets in the Asia Pacific region started the week on .....
Evergrande crisis: China’s debt trap comes home to roost
September 27, 2021 02:04 PM AEST| By Furquan MoharkanIn 2017, when Indian academic Brahma Chellaney coined the term debt-trap diplomacy – a situation where a powerful lending country seeks to saddle a nation with debt so as to increase its leverage over the borrowing nation – it did not hav...
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UK mulls ban on China’s investment in the nuclear energy sector
September 26, 2021 07:13 PM AEST| By Sreenivas D AjankarThe UK government plans to bring guidelines for the nuclear power stations that would ban the Chinese firms’ investments in the UK nuclear energy sector. The government’s plan to restrict investment from China is because of security con.....
German general election 2021: Who could replace chancellor Merkel?
September 26, 2021 06:29 PM AEST| By Sreenivas D AjankarHighlights Germany is voting today to elect a new chancellor. Eligible voters will cast their votes to elect members for 598 seats across 299 districts. The new government’s biggest challenge will be bringing Germany back on a growt.....
Record house prices driving Australian household wealth
September 26, 2021 12:30 AM AEST| By SamtaHighlights Australian household wealth increased by US$735 billion in June 2021. Property prices in Australia increased by 6.7% -- recording the strongest quarterly growth. With record low interest rates, demand is increasing beyond the gene.....
US indices close week mixed, weighed down by tech stocks
September 24, 2021 02:44 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the trading week mixed on Friday, September 24, pulled down by losses in technology and healthcare sectors amid mixed global cues. The S&P 500 was up 0.15% to 4,455.48. The Dow Jones rose 0.10% to 34,798.00. The NASDA...
5 great value propositions for investors ahead of Holiday season
September 25, 2021 12:00 AM AEST| By Sonal SinhaHighlights Compared to 2020, experts believe the sales would increase this festive season starting November 2021. E-commerce, digital payment, gaming business, consumer discretionary are some sectors that might see a growth in their revenue. .....
How homecare is gaining importance amid rising old age demographics
September 24, 2021 08:53 PM AEST| By Tripti JoshiHighlights Homecare for elderly people is the best solution for them to continue living their lives with their loved ones in the comfort of their own homes. Many studies demonstrate that homecare also allows the elderly to recover faster. .....
7 Roadblocks every EV customer is facing
September 24, 2021 07:12 PM AEST| By Mohammad ZaidHighlights Electric car sales touched 2.1 million worldwide, surpassing the numbers in 2018. EV adoption is gaining pace across the globe, but there are numerous roadblocks to the adoption of EVs by customers. Overcoming these challenges.....
Why China Evergrande Group shares sank 12% today
September 24, 2021 06:30 PM AEST| By Chitranjan KumarHighlights China Evergrande Group shares nosedived over 12% on Friday. The stock has tumbled 46% in past one month and 83% since the beginning of this year. The real estate giant’s debt deadline for US$83.5 million interest payment elaps.....
How soaring inflation might sway interest rates
September 24, 2021 06:19 PM AEST| By Furquan MoharkanHighlights The BoE and Fed have indicated rate hikes and taper early next year. The RBA has already truncated its bond buying programme. Inflation is pushing central banks to adopt hawkish policy. Inflation is running hot and it may drive.....
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Internet sensation Chloe Clem to sell her iconic meme as NFT
September 24, 2021 04:51 PM AEST| By SamtaThe famous meme girl “Side-eyeing Chloe’’ is selling her “disapproving look” meme – an iconic reaction photo used as meme over the internet -- as an NFT. Representative Image Source: © Jirsak | Megapixl.c.....
Seven solutions to smash EV adoption barriers
September 24, 2021 04:02 PM AEST| By AshishHighlights Electric vehicles (EVs) have gained popularity of late, across the world. However, there are several limitations that make the prospective buyers hesitant. The lack of overall charging infrastructure is one of the major limiting fac.....
Debt, mortgage and collateral: Decoding the jargons
September 24, 2021 02:55 PM AEST| By Furquan MoharkanThe Evergrande fiasco has brought back the focus on debt, a term that motivates as well as scares people. The Chinese property developer, hit by a severe liquidity crunch, sits on a pile of debt worth US$305 billion – 2.1% of the country&rsquo...
US stocks march on, lifted by business optimism
September 23, 2021 02:52 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher for the second consecutive day on Thursday, September 23, lifted by positive sentiments from Fed’s economic outlook. The S&P 500 was up 1.21% to 4,448.98. The Dow Jones rose 1.48% to 34,764.82. The NASDAQ...
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Why is Blizzard Network in limelight today?
September 23, 2021 08:18 PM AEST| By SamtaHighlights Global industries are continuously looking out to adapt with cryptocurrency as the prices of digital currencies continue to surge across the globe. Reimagined yield farming surged in the cryptocurrency market with Blizzard net.....
Unique Crypto asset – CAGE in spotlight today
September 23, 2021 07:25 PM AEST| By SamtaHundreds of new meme coins are launched in cryptocurrency market everyday, where most of them tend to be just joke-asset. However, some of these meme coins significantly grow in the price and gain the spotlight. Hence, many traders often look out t.....
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