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13 Stocks Set To Join TSX Composite Index Coming Week!
March 19, 2021 02:49 AM AEDT| By Ipsita SarkarSource: fizkes, Shutterstock The benchmark Canadian index, S&P/TSX Composite, is all set to add 13 companies from Monday, March 22, 2021. This index represents around 70 per cent of the total market capitalization on the Toronto Stock Exchange (...
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The Economic Corner
March 19, 2021 12:30 AM AEDT| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
Canadian Investors: 4 Dream TSX Stocks To Own In Your Portfolio
March 18, 2021 09:42 PM AEDT| By Shreya BiswasSource: MaxxiGo, Shutterstock Summary While it is quite impossible to predict a stock’s future with certainty, one can study its recent performance to get a better idea. An expanding 5G rollout has brought this stock to limelight. This...
Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 07:02 PM AEDT| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
Canada, Mexico On Top President Biden’s List For Vaccine Exports
March 18, 2021 05:32 PM AEDT| By Ipsita SarkarSource: Viacheslav Lopatin, Shutterstock Summary The US will prioritize Canada, Mexico when it starts vaccine exports The US has ordered millions of doses in new orders to cover all by Independence Day. Mexico has made a second request to the...
Biggest Global Economic Updates
March 18, 2021 04:33 PM AEDT| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 02:58 PM AEDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Top 5 developments from Australia and world
March 18, 2021 02:06 PM AEDT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
TSX Gains On Markets Optmism Over US Economic Growth Forecast
March 18, 2021 08:48 AM AEDT| By Ipsita SarkarCopyright © 2021 Kalkine Media Pty Ltd. Stock markets across North America were lifted after the US Federal Reserve forecasted a rapid recovery in the economic growth and promised to keep its interest rates near zero levels in future. The S&am...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
Canada’s Consumer Inflation Rises 1.1% YoY In February
March 18, 2021 02:16 AM AEDT| By AnujSource: ivosar, Shutterstock The Canadian Consumer Price Index (CPI) surged higher in February on mounting petroleum prices, though it marginally missed analyst expectations. The inflation rate soared as much as 1.1 per cent year-over-year (YoY), a...
Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA
March 18, 2021 02:04 AM AEDT| By AnujSource: Anan Kaewkhammul, Shutterstock The International Energy Agency (IEA) has projected that global oil demand will not attain its pre-coronavirus levels until 2023. The agency estimates an average fuel consumption of over 101 million barrels a d...
Buy Alert! 2 NYSE-Listed Growth Stocks On Investors’ Radar
March 17, 2021 10:48 PM AEDT| By Ipsita SarkarSource: janews, Shutterstock Summary SunLink Health surged 151 per cent, while Can-Fite jumped over 43 per cent on Tuesday. SunLink received a significant sum of money in Covid relief during the lockdown last year. Can-Fite Biopharma clinched...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 09:27 PM AEDT| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 09:05 PM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
Electric Revolution For European Automakers In The Next Decade
March 17, 2021 11:55 AM AEDT| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...
