AUS
NZ
UK
CA
USA
IND
News
APAC markets trading in green; Taiwan bounces back
May 18, 2021 08:44 AM CEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were mostly trading in green on Tuesday as Taiwan led the pack with a sharp rebound. The Taiwan Weighted Index surged 4.90% on Tuesday, after a nearly 3% drop on Monday amid rising concerns over.....
Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH
May 18, 2021 07:37 AM CEST| By SonalWith the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...
COVID-19: WHO warns against ‘pandemic is over’ mindset, flags vaccine shortage
May 18, 2021 05:49 AM CEST| By Furquan MoharkanThe World Health Organisation (WHO) has warned that the COVID-19 pandemic is far from over despite decline in the global numbers in the past two weeks. “There’s a huge disconnect growing where in some countries with the highest vaccina.....
Here’s What You Need To Know About Commodity Supercycle
May 18, 2021 05:31 AM CEST| By Team Kalkine MediaSummary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an underlying structural shift leading the prices to break their long-run levels. The first known commo.....
Two-Way Travel Bubble Between Cook Islands, New Zealand Commences Today
May 18, 2021 05:27 AM CEST| By Team Kalkine MediaSummary Quarantine-free two-way travel arrangement kick-starts from today as Air NZ's flight took off from New Zealand to the Cook Islands. The traveller should be in New Zealand for last 14 days before travelling to the Cook Islands. A pre-de.....
Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?
May 18, 2021 05:21 AM CEST| By ManikaIs it going to be a well-being Budget or COVID-19 recovery Budget for 2021? According to Finance Minister Grant Robertson, it will, in many ways, still be a COVID-19 Budget. Even though, the NZ economy has been resilient to the impacts of COVID-19.....
Would New Zealand’s SMEs Gain From Budget 2021?
May 18, 2021 04:41 AM CEST| By SonalSummary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many businesses have hopes on various fronts from the upcoming budget. Small and medium enterprises (SM.....
Michael Burry of ‘The Big Short’ fame has bet US$534 million against Tesla
May 18, 2021 03:07 AM CEST| By Furquan MoharkanMicheal Burry, the investor famous for foreseeing the subprime mortgage crisis and profiting from it, has a short position worth US$534 million against the electric vehicle maker Tesla Inc (NASDAQ:TSLA), a regulatory filing has revealed. According.....
Aussie PM To Visit NZ On May 30 After Trans-Tasman Bubble Opened Last Month
May 18, 2021 02:18 AM CEST| By Team Kalkine MediaSummary New Zealand will welcome Australia’s PM and his wife; their maiden visit since the opening of the trans-national borders of the two neighbours. Leaders of both the countries will attend the AU-NZ leaders' meeting to be held in Que.....
Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?
May 18, 2021 02:05 AM AEST| By AnujTesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was captured over the weekend as the overall crypto market tumbled more than 10 per cent, led by the heavy sell...
Will environmental concerns pave the way for Bitcoin to get greener?
May 17, 2021 09:31 PM AEST| By AayushSummary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an active role in helping make Bitcoin mining greener by investing in new technologies. Despite a f.....
ANZ foresees OCR rate to hike gradually from August 2022
May 17, 2021 10:44 AM CEST| By SonalSummary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2023. RBNZ due to meet on May 26 to decide on OCR rates. Australia and New Zealand Banking Gr.....
China’s retail sales numbers paint a dismal picture
May 17, 2021 08:34 AM CEST| By Furquan MoharkanThe world’s second largest economy, China, seems to be grappling with a sluggish economic recovery as consumer spending grew far lesser than expected. According to the data released by the National Bureau of Statistics, the retail sales in t.....
Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050
May 17, 2021 06:47 AM CEST| By Team Kalkine MediaSummary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping i.....
APAC markets open mixed as investors await Chinese datasets
May 17, 2021 04:54 AM CEST| By Furquan MoharkanSummary Monday morning was a mixed bag for APAC markets. Taiwan weighted index is down 1.63% -- the worst performer. Dow Jones New Zealand is up 1% -- the best performer. The Asia Pacific share markets opened on a mixed note on Monday, as.....
ASB Offers Low Interest Rates for Newly Built Properties
May 17, 2021 04:49 AM CEST| By RomaSummary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the market conditions after increasing prices. Housing Sector woes seem nowhere close to end rig.....
New Zealand’s Annual Net Migration Hits A New Low
May 17, 2021 04:16 AM CEST| By SonalCOVID-19-induced border and travel restrictions have culminated in yearly migrant arrivals and departures hitting new lows. As per the latest data released by Stats NZ, the year ended March 2021 witnessed the biggest reduction in net migration...
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 03:51 AM CEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in.....
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 02:39 AM CEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s .....
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 09:41 AM CEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...