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Investors lose US$83 billion in one hour in India
April 12, 2021 03:24 PM AEST| By Furquan MoharkanSource: Indypendenz, Shutterstock The investors in Indian equities lost a whopping INR 6.24 trillion (US$73 billion) in the first hour of trade, on back of raging pandemic in the world’s second most populous country. Copyright © 2021 K...
Saudi Aramco Raises $12.4 Bn By One of The World’s Largest Energy Infra Deals
April 11, 2021 05:00 PM AEST| By AbhijeetSource: 63ru78, Shutterstock Summary Saudi Aramco will be selling a minority stake in a newly formed Pipeline Rights Unit. The deal involves 25-year lease-and-lease-back agreement and the company will be getting an upfront payment of around $1...
Alibaba Fined A Record $2.75 Billion By Chinese Authorities
April 11, 2021 04:51 PM AEST| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary The Chinese tech behemoth owned by one of the most successful entrepreneurs Jack Ma has been fined $2.75 billion for abusing its dominant market position The latest fine amounts to 4 per cent of t...
India’s Rising COVID Cases A Cause of Worry
April 11, 2021 08:25 AM AEST| By Furquan Moharkan© Marbenzu | Megapixl.com The rising Covid-19 cases in world’s second most populous country – India – is a very worrying trend for the global economy. The country has been hit by the second wave of the highly contagious virus...
Tech stocks, BNPL players taking stock markets higher
April 11, 2021 07:19 AM AEST| By Team Kalkine MediaSource: TZIDO SUN,Shutterstock As major economies of the world continue to shake off the damages done by the pandemic, the major stock markets have also started to shine, showing signs of positivity. Out of all the significant indices, it woul...
Will JPMorgan Continue to Soar?
April 10, 2021 06:20 AM AEST| By Team Kalkine MediaSource: pcruciatti, Shutterstock Summary JPMorgan Chase & Co. (NYSE: JPM) hit a new lifetime high and delivered a return of ~27 percent in the last three months. JPM Stock prices are trading in a rectangle channel formation on the daily ch...
What Does IMF’s World Economic Outlook Say in Detail?
April 10, 2021 06:10 AM AEST| By Furquan MoharkanSource: MuhsinRina, Shutterstock When the International Monetary Fund (IMF) raised global growth forecast in its April update, there was a certain degree of jubilation across the globe, which has been crippled by once a century pandemic. The global...
Prince Philip, Queen Elizabeth II’s Husband, Passes Away At 99
April 10, 2021 12:33 AM AEST| By Team Kalkine MediaSource: Pixabay Prince Philip, husband of Britain’s Queen Elizabeth II, passed away on Friday, April 9, the Buckingham Palace has announced. He was 99 years old. The palace wrote in its official statement that the Duke of Edinburgh “pas...
AstraZeneca’s COVID-19 vaccine: A look at recent challenges
April 09, 2021 04:09 PM AEST| By Team Kalkine Mediae links of blood clots after the administration of AstraZeneca’s jab. The COVID-19 vaccine manufactured by Oxford University and AstraZeneca Plc (LON:AZN) has been a part of controversy amid several nations suspending the vaccine's use, in...
How Does NZ Government Plan To Lessen Carbon Emissions?
April 09, 2021 06:00 AM AEST| By Team Kalkine MediaSource: kamilpetran, Shutterstock Summary Countries across the globe are increasingly becoming aware of climate change and harmful carbon emissions. Paris Agreement 2020 to limit global warming to 2°C and the US plans to host Climate Leade...
Kim Kardashian makes her debut on the billionaires’ list
April 08, 2021 05:15 PM AEST| By Team Kalkine Mediaenner clan. As per Forbes, Kim Kardashian is currently worth USD 1 billion. From a Twitter influencer to a billionaire in a span of 10 years, the story of Kim Kardashian indeed needs to be told. Kim first appeared in Forbes in 2011 for her nea...
Banks Can Take a Leaf Out of Jamie Dimon’s Speech
April 08, 2021 03:38 PM AEST| By Furquan MoharkanSource: Johnstocker Production, Shutterstock In his annual speech to the shareholders, the CEO of world’s fifth largest bank JP Morgan (NYSE: JPM) – Jamie Dimon – highlighted the importance of guarded approach that any financi...
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IMF ups the growth forecast; India to grow fastest
April 07, 2021 12:46 PM AEST| By Team Kalkine MediaSource: kan_chana, Shutterstock Aided by a lower base, the International Monetary Fund (I.M.F.) expects the world economy to rebound by 6% in 2021, after a complete economic washout in 2020 due to Coronavirus pandemic. © Bumbleedee | Megapix...
Oil Stamps Domination: Atleast That’s What Benchmarks Tell
April 06, 2021 07:59 PM AEST| By Furquan MoharkanShare Index while green index rejig has impacted New Zealand stock market The stock markets have been on steroids after the central banks across the globe started pumping in the liquidity in their respective economies. As monies started flowing....
Things you should know about quarantine-free trans-Tasman travel
April 06, 2021 05:54 PM AEST| By Team Kalkine MediaSource: Jo Panuwat D, Shutterstock Summary The two-way corridor between Australia and NZ will open on April 18. However, the travel will be more restricted than it was before COVID-19. Air NZ and Qantas plan to increase flights between Austra...
Australia-NZ Travel bubble to begin in 2 weeks: Ardern
April 06, 2021 02:21 PM AEST| By Team Kalkine Mediaheir plans. The bubble is expected to be there before April end. After a cabinet meeting Tuesday, NZ PM Jacinda Ardern announced that the trans-Tasman bubble with Australia will begin from 18 April at 11:59 pm. The travel bubble will allow Ki...
With scrips rising 10x, GameStop aims US$1 billion equity mop-up
April 06, 2021 02:04 PM AEST| By Team Kalkine MediaSource: Julio Ricco, Shutterstock American videogaming company GameStop Corp (NYSE: GME) is looking to raise US$ 1 billion, as it tries to capitalise on the massive rally its stock has seen this year. © Marangifoto | Megapixl.com The capita...
Solar giant LONGi Green set to foray into hydrogen space
April 06, 2021 12:38 PM AEST| By Team Kalkine MediaSource: Gyuszko-Photo, Shutterstock Summary The world’s largest solar company is all set to enter the hydrogen market. The adherence to the Parris Agreement on climate change has made the renewable energy sector highly lucrative, and mos...
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What’s new in the EV segment? A sneak peek at latest updates
April 05, 2021 12:01 AM AEST| By Team Kalkine MediaSource: Travelpixs, Shutterstock Summary With the booming EV sector, several new players are entering the space. Governments are investing in EV infrastructure to sustain growth. Semiconductor shortage is an area of concern not just for the E...
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Preparing for future: Global Leaders back treaty to fight potential pandemics
April 03, 2021 03:51 AM AEDT| By Team Kalkine MediaSource: Nhemz, Shutterstock Summary Several nations have come together to support a global treaty to protect them from future health emergencies as they continue to grapple with the ongoing pandemic. The proposed treaty will guarantee universal...
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