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SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
May 12, 2021 04:00 PM EDT| By Team Kalkine MediaSummary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J.....
Now Google Pay Users In US Can Send Money To India, Singapore
May 12, 2021 02:24 PM EDT| By Team Kalkine MediaSummary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around .....
Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine on children
May 12, 2021 06:10 AM EDT| By Tripti JoshiIndia-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report, the study will be performed on approximately 525 participants at several sites in India. Recent.....
APAC markets in red; Nissan shares crash 13%
May 12, 2021 01:30 AM EDT| By Furquan MoharkanAll the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The shares in Taiwan were the worst hit, as Taiwan Weighted Index crashed by 6.02% at the time of filin.....
Will Inflation Cut Short The US Real Estate Boom?
May 11, 2021 05:07 PM EDT| By Team Kalkine MediaSummary Although borrowings became cheaper for new homebuyers, fewer houses in the market have driven up the house prices. The current housing sales figures may be the highest in the US in the last 40 years, say experts. The younger generation.....
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US gets first COVID-19 vaccine for adolescents as Pfizer-BioNTech’s shot wins emergency approval
May 11, 2021 04:11 AM EDT| By Tripti JoshiSummary Pfizer - BioNTech’s COVID-19 vaccine has obtained the Emergency Use Authorization (EUA) in the US for adolescents. The two companies also notified they had submitted data to the European Medicines Agency (EMA) and other worldwide .....
Market Outlook: Four key things to watch out for this week
May 09, 2021 11:18 PM EDT| By Furquan MoharkanIn contrast to the markets’ flat trend last week, it is going to be a high-octane week in terms of macro announcements. The packed week will see Australia’s budget being put forth, the UK’s growth numbers being announced and diffe.....
Here’s How We Can Support Australia’s Net Zero Mission
May 08, 2021 10:59 AM EDT| By Team Kalkine MediaThe current zero emission target set by Australia stands at 26-28% emission reduction below 2005 levels to be achieved by 2030. While climate change is a global concern, it holds special importance for Australia as the country has long been in the .....
Critical minerals can strengthen global climate ambitions, says International Energy Agency
May 08, 2021 10:17 AM EDT| By SukritiCritical minerals refer to metals as well as non-metals that are vital for the global economic well-being. Nonetheless, their supply can be at risk owing to geopolitical issues, trade policy, geological scarcity or other likewise factors. Understand...
China Ramps Up Diplomacy As World Comes Calling For Vaccines
May 08, 2021 04:08 AM EDT| By Team Kalkine MediaSummary India, one of the world’s largest drugmakers, has put curbs on exports of AstraZeneca to meet its domestic demand. Amid a shortage of covid drugs, countries grappling with the increasing number of deaths and infections have turned.....
Five digital assets that offered over 500% returns this year
May 07, 2021 11:07 AM EDT| By Furquan MoharkanCryptocurrencies seem to be having a blockbuster 2021, having picked up well in the first four months of the year. Understandably, there has been a lot of noise over the digital assets. Many markets, which were earlier hostile to the idea, have st.....
All you need to know about intranasal COVID-19 treatments and vaccines
May 07, 2021 10:12 AM EDT| By Team Kalkine MediaSummary With the development of COVID-19 vaccines and medicines, scientists are now aiming to improve therapeutics and exploring different delivery routes. Amcyte Pharma’s algae-derived NasitrolTM nasal spray has demonstrated efficacy in .....
Has the Rally Begun in Procter & Gamble Co. Post Consolidation?
May 07, 2021 05:00 AM EDT| By Team Kalkine MediaSummary Procter & Gamble Co. (NYSE: PG) outperformed its peers and generated ~4.62 percent return in the last 3 months. PG stock prices are trading in a falling wedge formation on the daily chart and now taking the major support from the 50.....
Experts warn of more COVID-19 variants as India reels under the deadly second wave
May 07, 2021 04:51 AM EDT| By Team Kalkine MediaSummary Viruses continually mutate, and sometimes new variants emerge that can persist for a longer time. Experts warn that more COVID-19 variants are anticipated to arise in the upcoming months. Meanwhile, Moderna’s new booster shot has.....
Fed warning fails to stymie APAC markets’ rally
May 07, 2021 03:18 AM EDT| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) rallied on Friday, despite the warning about ‘significant declines’ in the asset prices. All the indices in the region, except for Indonesia and New Zealand, were trading in green. The Taiw.....
Palladium rockets to an all-time-high; here's what propelled its rally
May 07, 2021 02:07 AM EDT| By Team Kalkine MediaSummary Palladium prices surged to all-time-high levels on strong demand and supply deficits. The ongoing disruptions in Russian and South African mines have created a supply deficit in the market. Joe Biden’s infrastructure plan and sti.....
Too high for NASDAQ: Berkshire shares outpace computers
May 06, 2021 11:22 PM EDT| By Furquan MoharkanSummary The Class A shares of Berkshire are trading at US$435,120 This is higher than what NASDAQ computers can record The company has never had a stock split. The Class A shares of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) h.....
Coronavirus Reaches Mt Everest, Nepal Worried About its Tourism Industry
May 06, 2021 10:41 PM EDT| By RomaSummary COVID-19 spreading chaos in the Everest Nepal amongst other nations trying their best to control the second wave While travel is the worst hit, concerns over this years’ expeditions. Covid-19 has swept through the world like.....
US Fed sounds warning over rising asset prices
May 06, 2021 10:14 PM EDT| By Furquan MoharkanSummary Fed warns of potential ‘significant decline’ in the asset prices. Fed governor calls for stronger safeguard. The US apex bank also warns about potential deterioration in the asset quality. The US Federal Reserve (Fed) .....
Why EV revolution may not be as green as we think
May 06, 2021 09:48 PM EDT| By Team Kalkine MediaSummary Electric vehicles (EVs) have witnessed a ground-breaking journey in the past one year. The need for green energy coupled with technological advancements have steered the EV revolution. The battery metal production process poses serious.....
