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News
Will RCEP bring a thaw in Australia-China trade relations?
November 29, 2020 12:01 AM AEDT| By Kunal Sawhney&n.....
Kiwi Dollar Reclaims USD 0.7000 Mark, What’s Bolstering the Home Currency?
November 29, 2020 12:00 AM AEDT| By Team Kalkine MediaKiwi dollar once again reclaimed the USD 0.7000 mark after the currency climbed the price ladder swiftly to trade at USD 0.7040 (intraday high on 27 November 2020) in two years. The jump in the domestic currency has been primarily led by a recovery.....
Bitcoin standing tall amid the gloomy Pandemic Period
November 28, 2020 03:15 PM AEDT| By Hina ChowdharyThe most popular cryptocurrency, bitcoin is now a days creating a lot of buzz in the investor community thanks to the recent rally. The pandemic year 2020 has mostly been positive for digital payment systems, including the bitcoin. If we s.....
Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod
November 27, 2020 05:29 PM AEDT| By Edita IvancevicCurrent US President Donald Trump said in a recent interview that he would peacefully leave the White House if president-elect Joe Biden gets voted for by the Electoral College. Mr Trump had not previously admitted anything related to his defeat i.....
Earthquake forces Bunnings to close Mt Roskill warehouse
November 27, 2020 03:23 PM AEDT| By Team Kalkine MediaNovember has seen full earthquakes in New Zealand as the country felt ten quakes over 5.0 magnitude and many small quakes of below 5.0 magnitude. On 27 November 2020, an earthquake with a magnitude of 4.9 was recorded during the early hours .....
NZ trade surplus Highest in ~3 decades as Imports Plunge down
November 27, 2020 02:53 PM AEDT| By Team Kalkine MediaNew Zealand’s trade surplus data for the year ended October 2020 has shown a surplus of NZD 2.2 billion, a figure not seen since 1992. This came as imports declined due to the pandemic related restrictions. Increase in exports over the course.....
NZ wine exports growth trajectory persists, touches NZD 2 billion mark
November 27, 2020 02:01 PM AEDT| By Team Kalkine MediaRecently, for the first time, New Zealand wine exports value has touched NZD 2 billion mark. New Zealand Winegrowers, ten years back when the export value was NZD 1.04 billion, had set out the goal to double the export value to achieve NZD 2 billio.....
US online real estate player Compass plans to go public
November 27, 2020 01:35 PM AEDT| By Hina ChowdharyCompass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and.....
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Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 08:47 PM AEDT| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
NZ posts record trade surplus as imports slump
November 26, 2020 04:16 PM AEDT| By Team Kalkine MediaNZ reported its biggest annual trade surplus in 28 years as coronavirus led to a severe drop in imports. The official numbers revealed that NZ recorded a surplus of $2.2 billion for the year ended October due to a 10% slump in imports during the time...
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Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
November 26, 2020 03:00 PM AEDT| By Team Kalkine MediaGerman media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval .....
Adrian Orr to discuss tax alterations with government in housing clash
November 26, 2020 01:19 PM AEDT| By Hina ChowdharyAdrian Orr Governor of RBNZ had welcomed the letter written by the Finance Minister Grant Robertson, which asked the central bank to consider house prices alongside inflation and employment while formulating the monetary policy. Mr Orr has respond.....
NZ government approaches RBNZ to deal with skyrocketing housing prices
November 26, 2020 12:10 AM AEDT| By Kunal SawhneyNZ’s housing market is booming when the economy has suffered the biggest recession since the Great Depression (1929-1933), coronavirus causing border closure and rising unemployment. House prices have risen to record highs which were expected.....
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Plexure (ASX:PX1) makes its debut on the ASX
November 25, 2020 05:50 PM AEDT| By Team Kalkine MediaThe New Zealand instituted mobile engagement platform, Plexure Group Limited (NZX:PX1), has now marked its presence on the ASX as its shares started trading at 11:00 AM AEDT on 25 November 2020. The company is trading under ticker ‘PX1’.....
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RBNZ confirms to reintroduce LVRs next year to keep a check on rising housing prices
November 25, 2020 03:55 PM AEDT| By Team Kalkine MediaLately, house prices have been soaring in NZ. RBNZ is being held liable for it, as the central bank continues to print money to pull the economy out of the COVID-19 induced recession. Finance Minister Grant Robertson had written to Adrian Orr, RBNZ...
JPMorgan red-flagged again, coughs up US$250 million as penalty
November 25, 2020 03:26 PM AEDT| By Team Kalkine MediaMultinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....
Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man
November 25, 2020 02:06 PM AEDT| By Team Kalkine MediaOn 24 November, Tesla finished the trading day with a market capitalisation of more than USD 500 billion for the first time. As electric vehicle car company's market value crossed the USD 500 billion-mark, Musk's net worth increased by nearly .....
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Bitcoin Reclaims USD 19,000 After Three Years, What’s Driving the Rally?
November 25, 2020 01:58 PM AEDT| By Hina ChowdharyBitcoin has once again reclaimed the USD 19,000 mark, climbing to a high of USD 19,349.0 yesterday and is presently trading at USD 19,169.00, marking the first rally over the last three years to see the crypto asset above the USD 19,000 mark. The ma...
How Are Businesses Encashing the Gold Bonanza?
November 25, 2020 12:00 AM AEDT| By Hina ChowdharyGold has been quite the charmer as a safe haven asset in 2020 with the spot price vaulting to a record high of USD 2,073.41 per ounce in August 2020. The impeccable rally in gold prices has brought a smile on many faces with several banks, royalty .....
Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition
November 24, 2020 11:07 PM AEDT| By Edita IvancevicIt has been almost three weeks since the US got a new president-elect – Democrat Joe Biden. The whole world has followed the elections closely, as a new American president means a big deal for everyone, on various fronts – stock markets.....
