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Tomocredit To Offer Credit Cards to People with Poor or No Credit History
February 11, 2021 08:50 AM EST| By Kunal SawhneySan Francisco-based start-up TomoCredit is looking to disrupt the market by offering a next-generation credit card to borrowers with no credit history. The credit card start-up is backed by Barclays and KB Investment and will offer credit card to n.....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 05:13 AM EST| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
Bumble Prices IPO At US$2.15 Bn, Stock Debut Ahead Of Valentine’s Day
February 11, 2021 04:54 AM EST| By Team Kalkine MediaSummary Bumble plans to put up about 50 million equity shares for its IPO at an increased price of US$ 43 apiece. The new pricing expands Bumble’s IPO size to about US$ 2.15 billion. Shares of the dating app company are expected to start.....
Why Bank of Canada Calls Crypto Boom A Speculative Mania?
February 11, 2021 07:35 PM AEDT| By Ipsita SarkarThe recent surge of cryptocurrencies has caught the imagination of people from around the world. But not all are amused. A senior official of the Bank of Canada dubbed the crypto rally a speculative mania that would soon run out of steam. The ban.....
‘Who Let the Doge Out’: Elon Musk’s tweet that did wonders for Dogecoin
February 11, 2021 03:23 AM EST| By Team Kalkine MediaDogecoin is once again grabbing headlines with its price reaching a record high of USD 0.8106 (intraday high on 7 February 2021) at cryptocurrency exchange Binance, and billionaire Elon Musk revelling in his purchase of the digital currency. Dogec.....
Eye on COVID recovery, Canada To Spend Billions On Transit Projects
February 11, 2021 02:30 AM EST| By Ipsita SarkarThe Justin Trudeau government plans to invest C$14.9 billion in public transportation projects for the next eight years that could be a major catalyst in reviving the ailing economy post-COVID-19. The funding will be provided for all public transi.....
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Are Energy Stocks Better Alternative to Tech Stocks?
February 10, 2021 10:20 PM EST| By Team Kalkine MediaOn the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made a new lifetime high of 8,121.84 (as on 08 February 2021). The index price is trending upward, form.....
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Why is Copper at a New Seven-Year High?
February 10, 2021 09:12 PM EST| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
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Qatar Eyes Top Spot With World’s Largest LNG Project
February 10, 2021 08:48 PM EST| By Team Kalkine MediaIn a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entailing an investment of US$28.75 billion, will involve the construction of four mega LNG trains, each .....
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What drove Twitter’s Q4 Revenue to Record High?
February 10, 2021 07:39 PM EST| By Team Kalkine MediaSocial media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage (mDAU) in the last quarter of 2020. Q4 2020 Financial highlights Revenue - 2020 revenue stood.....
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Why US Markets Ended Flat For Second Straight Day
February 10, 2021 04:43 PM EST| By Team Kalkine MediaMajor US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged market sessions recently. The S&P 500 was down 0.03% to 3909.88, while the Dow Jones Industr.....
Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%
February 10, 2021 12:42 PM EST| By Team Kalkine MediaAmsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign after its net profits slumped by 50 per cent year-on-year due to the Covid-induced backlash and slugg.....
Fintech Startup Hardbacon Eyes IPO In 2021
February 10, 2021 11:22 AM EST| By Team Kalkine MediaSummary The personal finance company disclosed its intention to file an initial public offering this year, in the wake of unprecedented online payment platforms demand. The company has raised over C$ 1 million till date through crowdfunding eff.....
Supply Chain Snarls Canada’s COVID Inoculation Campaign
February 10, 2021 08:38 AM EST| By Kunal SawhneyOn Monday, December 14, 2020, support worker Anita Quidangen was one of the first Ontarions to be administered the first vial of Pfizer-BioNTech vaccine. Canada was the third nation after the United Kingdom and Bahrain to authorize the eme.....
Why is SF Holdings Eager to Acquire Kerry Logistics Network?
February 10, 2021 06:14 AM EST| By Kunal SawhneyChinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controlling stake in Hong Kong-based logistics company Kerry Logistics Network. In a bid to bolster its g.....
Canada Approves 6 Doses from Each Pfizer-BioNTech Vial as Cases Rise
February 10, 2021 05:07 AM EST| By Ipsita SarkarSummary Only 3% of the population have received the Pfizer and Moderna vaccines so far. Fines to be hiked up to C$3000 against those crossing border without COVID test certificate. Canadian regulators have allowed health workers to extract.....
Farmers Edge Set To Go Public, Plans C$100-Mn TSX IPO
February 10, 2021 04:25 AM EST| By Team Kalkine MediaSummary Digital agriculture startup Farmers Edge Inc is on track to launch its initial public offering (IPO) for a listing on the Toronto Stock Exchange (TSX), the firm announced on Tuesday. It expects an IPO size of about C$ 100 million, which.....
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Elon Musk drops hints on the timing of Starlink IPO
February 10, 2021 02:54 AM EST| By Team Kalkine MediaBusiness tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500 last year. Early in 2021, Musk became the world's wealthiest person, overtaking Amazon's founder .....
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Is Cryptocurrency hitting the mainstream again?
February 10, 2021 04:08 PM AEDT| By Mark O'DonnellCryptocurrency is again filtering into the NZ mainstream news at a regular rate. This is because investors have been flocking to the digital asset while record prices are being set every other week. The price of Bitcoin, the most popular and well-.....
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INSIGHTEC’s MR-guided focused ultrasound treatment approved by China’s NMPA
February 09, 2021 10:02 PM EST| By Team Kalkine MediaA global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Products Administration (NMPA) for its Exablate Neuro platform. NMPA is a Chinese agency which focu.....
