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What is New Zealand’s energy mix? How does it plan to reduce carbon footprint?
June 04, 2021 10:20 AM CEST| By SonalNew Zealand has a well-developed energy sector. Roughly 60% of the energy supply of New Zealand comes from oil, coal, and gas, while the remaining 40% comes from renewable energy sources. Renewable energy comes from natural sources, which are natura...
What are the factors that influence global crude oil prices?
June 04, 2021 07:44 AM CEST| By Team Kalkine MediaSummary Crude oil prices have grown more than 40% this year on the back of robust vaccination programs and global economic recovery. OPEC and its allies play a vital role in stabilising the crude oil prices. A potential US-Iran deal is expecte.....
Will Government’s New Building Law Create More Affordable Housing in New Zealand?
June 04, 2021 07:33 AM CEST| By ManikaSummary The New Zealand government introduces first set of reforms in the Building Act. Changes passed in the Parliament. Aims to boost housing supply for first home buyers. With a view to give a boost to building activity and housing sup.....
APAC markets in green; ASX200 up 0.37%
June 04, 2021 07:15 AM CEST| By Furquan MoharkanSummary APAC markets have been unaffected by Biden ban China markets among top performers in the region Australia markets continue winning streak for 4th day in a row. The equity markets across the Asia Pacific (APAC) region were mostly .....
Biden bans US investments into 59 Chinese firms
June 04, 2021 05:46 AM CEST| By Furquan MoharkanSummary Biden bars American from investing in 59 more companies. The US president has signed an executive order to this effect. Trump had already banned 48 companies. US President Joe Biden on Thursday prohibited American entities from in.....
New Zealand Upgrade Programme rebalanced after cost blowout
June 04, 2021 04:53 AM CEST| By SonalThe New Zealand government has announced to increase investment in the New Zealand Upgrade Programme (NZUP) to support the country’s economic recovery. The Programme is a part of the government’s plan to create jobs and boost the economy....
What is Medical Cannabis Industry? Will It Grow In New Zealand?
June 04, 2021 04:38 AM CEST| By RomaSummary The Medical Cannabis Industry update by Cannasouth. What should an investor look for in the CBD business? Projected earnings, innovations, plans for the future. The Cannabis industry has witnessed development in leaps and bounds, .....
How does a meme stock work?
June 04, 2021 04:34 AM CEST| By Furquan MoharkanGameStop, AMC Theatres, Nokia, BlackBerry Enterprise, Reddit, Robinhood application icons grouped in Meme Stocks folder on smartphone. If 2020 was a year of unprecedented bull run, 2021 would be remembered as the year of memes – a year when me...
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US Stocks Retreat, Weighed Down By Bluechip Stocks
June 03, 2021 11:40 PM CEST| By Sanjeeb BaruahUS stock markets closed lower on Thursday, June 3, dragged down by bluechip stocks as investors waited for the latest economic data from the Labor Department in a lacklustre session. The S&P 500 shed 0.36% to 4,192.85. The Dow Jones dropped 0.07...
Toyota's next-gen Highlander all set to conquer Kiwi roads
June 03, 2021 10:00 PM CEST| By Jasmine AnandSummary The world is slowly transiting from toxic fuel-emitting vehicles to cleaner and greener vehicles. Hybrid cars, with their sustainability and fuel-saving capacity, are an answer to the future. Toyota Highlander 2021, the latest hybrid c.....
Cyber security fraud incidents in New Zealand rise sharply in Q1
June 03, 2021 09:00 AM CEST| By SonalSummary Cyber security incidents rose by 25% in Q1 since the same quarter in 2020, CERT NZ reported. Nearly 23% of the breaches resulted in direct financial losses. About 500 vulnerable Microsoft Exchange email servers were found in Q1. A.....
APAC markets trade in green; ASX200 jumps 0.71%
June 03, 2021 08:11 AM CEST| By Furquan MoharkanSummary Markets in green as investors react to data from Australia and China. South Korean markets are the outperformers. Thai and Hong Kong markets are in the red. The equity markets in Asia Pacific (APAC) region were mostly trading in t.....
New Zealand on guard, asks Melbourne arrivals to undergo COVID-19 testing
June 03, 2021 05:51 AM CEST| By Jasmine AnandSummary New Zealand asks for self-isolation and testing for all the travellers arriving from Melbourne between 20-25 May. Contact tracing team working out ways to figure out relevant flights in case of future occurrences. The NZ vaccination ro.....
How crude oil dynamics influence the upstream and downstream sectors
June 03, 2021 05:35 AM CEST| By Team Kalkine MediaSummary Crude oil prices have witnessed a dramatic journey, rising from a negative territory in 2020 to the pre-pandemic levels in 2021. The dynamics in crude oil prices have a significant impact on all the sectors of the oil & gas industry.....
Did Mudrick Capital rush into selling AMC shares?
June 03, 2021 05:03 AM CEST| By Furquan MoharkanSummary Meme stock, AMC Entertainment Holdings is once again in news as company raises US$230 million. Mudrick Capital Management, L.P. flips shares post the private placement. Is long-term investing a passe? On Tuesday, AMC Entertainment.....
New Zealand Government’s Accounts In Better Shape, But Yet To Attain Pre-Pandemic Level
June 03, 2021 04:37 AM CEST| By SonalThe Treasury released the interim Financial Statements of the Government of New Zealand for the 10 months ended 30 April 2021 on Thursday. The core Crown tax revenue result shows the strength of present economic conditions, which outperform the Budg...
Why is iron ore rally hurting these two sectors?
June 03, 2021 04:35 AM CEST| By Team Kalkine MediaSummary The prices of iron ore have almost doubled in the last one year, on account of strong economic growth, globally. China's decision to curb steel production and rising iron ore prices have pushed steel prices to record highs. Constructio.....
The new economy: 6 ways how the coronavirus has changed the global economy
June 03, 2021 03:25 AM CEST| By Team Kalkine MediaSummary The lockdown period has brought about many necessary innovations and realizations pertaining to better and more efficient ways to conduct business. The COVID-19-led lockdowns have accelerated this trend as companies have been forced to .....
Why AMC shares doubled in one session
June 03, 2021 03:16 AM CEST| By Furquan MoharkanThe shares of American movie theatre chain AMC Entertainment Holdings Inc (NYSE:AMC) almost doubled in just one trading session as Reddit-driven frenzy continued to grip the retail investors. The shares of the company closed at US$62.55 each in Ne.....
Did Kiwi Cloud Storage Firm Fall Victim To Malware Attackers?
June 03, 2021 02:12 AM CEST| By Neha SimpyAuckland-domiciled cloud storage firm has been cautioned by the Federal Bureau of Investigation (FBI) of possibly being misused by cyberattackers. Source: Copyright © 2021 Kalkine Media What is the Cloud storage company’s take on th.....