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How did US stocks perform on Wednesday?
June 03, 2021 12:13 AM CEST| By Team Kalkine MediaBenchmark US stock indices saw muted gains on Wednesday, although the segments broadly remained subdued as investors took cues from the recent spike in oil prices and inflation data. The S&P 500 was up 0.14% to 4,208.12. The Dow Jones rose 0.07%...
What’s brewing in the mining industry as ESG debate heats up
June 02, 2021 11:36 AM CEST| By Team Kalkine MediaSummary The mining industry is witnessing growing calls to adopt new standards to meet Environmental, Social and Governance (ESG) compliance. Various mining space players are taking active steps with ESG on their agendas. With more educated co.....
What does the future of shale oil market look like?
June 02, 2021 10:17 AM CEST| By Nitish KumarSummary Advancements in oil and gas drilling technology have unlocked huge reserves of oil, earlier untapped by oil and gas players. Shale oil is crude oil occupied in the void spaces of shale formations beneath the surface of the Earth. Hydra.....
E-commerce giant Amazon supports the MORE Act to legalize cannabis in the US
June 02, 2021 09:22 AM CEST| By Tripti JoshiSummary Amazon disclosed that it would actively support the MORE Act for the federal legalization of marijuana in the US. The e-commerce behemoth has revealed that it will stop screening its job applicants for cannabis use. The Company will al.....
A Red-Letter Day: Zespri Delivers Record Results, Introduces Zespri Red
June 02, 2021 08:53 AM CEST| By Jasmine AnandBeing the largest marketer of kiwifruit across the globe, Zespri International Limited, which was founded in 1997, supplies high-quality Zespri Kiwifruit to retail and wholesale customers. Source: 18302049 © Gennaro86 | Megapixl.com Zespri.....
Opinion: India will take years to wipe off the bruise marks wreaked by COVID-19
June 02, 2021 08:50 AM CEST| By Furquan MoharkanAs the second wave of the COVID-19 pandemic seems to be finally receding in India, the trail of tragedies that it has left behind is beyond imagination. It will probably take years to come out of it. Officially, 335,114 Indians have lost their lives...
New Zealand’s Exports Drop, Oil and Logs Resist Trade Price Decline
June 02, 2021 04:26 AM CEST| By SonalNew Zealand’s total exports of goods and services declined 16.5% to $72.6 billion in the year ended March 2021, as per the data released by Stats NZ on Wednesday. The data reflects the effects of the coronavirus-affected year. International tr...
Explained: The pros and cons of using social media in the healthcare space
June 02, 2021 03:46 AM CEST| By Tripti JoshiSummary Social media can be channelized in quite constructive ways to help the healthcare sector. Prudent use of social networking sites and platforms in the healthcare sector can help promote individual and public health. In times of crisis, .....
NZ Government Comes Up With Funds to Support Flood-Hit Canterbury Region
June 02, 2021 03:43 AM CEST| By Jasmine AnandKiwis residing in the Canterbury region of the South Island witnessed a complete inundation on Sunday when heavy downpours raised water levels and caused severe floods. Source: © Flynt | Megapixl.com Massive downpour hits Canterbury region.....
Zoom posts blockbuster earnings but cautious of slowdown
June 02, 2021 02:48 AM CEST| By Furquan MoharkanSummary Revenue almost triples; earnings up 9x The company expects slowdown going forth. Shares zoom in the aftermarket. The revenues of Zoom Video Communications, Inc. (NASDAQ:ZM) multiplied about three-times in the first quarter of curr.....
US Stocks Pull Back Amid Rising Oil Prices
June 02, 2021 12:04 AM CEST| By Sanjeeb BaruahUS stock markets closed flat on Tuesday following a lacklustre session as investors took cues from the rising international oil prices that can potentially aggravate the inflation rate. The S&P 500 was down 0.05% to 4,202.04. The Dow Jones rose...
The Fickle Beast: The Problem with Bitcoin
June 01, 2021 06:34 PM AEST| By Team Kalkine MediaIn Darren Aronofsky’s urban horror film - Requiem for a Dream – the two lead characters - played by Marlon Wayans and Jared Leto - stare into an empty safe once filled with cash. They talked about their longing for las.....
ANZ Business Outlook for May indicates stressed New Zealand economy
June 01, 2021 06:29 AM CEST| By SonalANZ Business Outlook Survey analyses the course of the economy in the next year and shows how business confidence is stacking up, what export sales are up to, and how the labour market is doing, etc. The survey collects crucial economic data, which...
APAC markets mixed; ASX200 drops 0.33% ahead of RBA decision
June 01, 2021 06:14 AM CEST| By Furquan MoharkanSummary The APAC markets are trading on a mixed note. Private survey shows Chinese factory activity expanding in May. Investors await interest rate decision by RBA. The equity markets in the Asia Pacific (APAC) region were mixed on Tuesda.....
What does the US budget mean for cryptocurrencies?
June 01, 2021 05:01 AM CEST| By Team Kalkine MediaSummary US President Joe Biden’s budget proposal, released on Friday, includes new reporting requirements for crypto investors, which means the US Treasury Department would require additional information surrounding cryptocurrency assets b.....
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Van Dairy sells 12 Farms to Australian Dairy Investment Manager
June 01, 2021 04:58 AM CEST| By RomaSummary 12 farms from Van Dairy sold to the Australian investment entity. The Company was previously facing environment-related issues. Tasmania appears to be the favoured region for dairy farming. In a recent announcement, it has been fo.....
New Zealand’s new dwelling approvals stay strong in April
June 01, 2021 04:19 AM CEST| By SonalAs per the latest building consent data released by Stats NZ, the number of new homes consented monthly in April 2021 rose 84% as compared to April 2020 to 3,994. This number included 2,140 stand-alone houses, 1,076 townhouses, flats, and units, 47.....
Why Do Markets Not React Much To GDP Data?
June 01, 2021 02:59 AM CEST| By Furquan MoharkanThe COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst recessions since 1930s, the stock markets were going gaga. Markets started to seem tone-deaf to the act...
New Zealand dollar up after RBNZ signalled rate hikes next year
May 31, 2021 11:00 AM CEST| By SonalNZD/USD kept see-sawing around $0.7257 on Monday, putting it on the course for a monthly gain of over 1.3% after the RBNZ signalled rate hikes as early as the middle of 2022, making it one of just a few central banks to do so. RBNZ had left its OCR...
RBNZ Publishes Results of Data Breach Review
May 31, 2021 09:23 AM CEST| By Neha SimpyRBNZ was the target of the cyberattack on the third-party file sharing application it had utilised for the purpose of keeping and sharing data during Christmas last year. KPMG was roped in to autonomously evaluate and finalise RBNZ’s .....