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US Fed sounds warning over rising asset prices
May 07, 2021 04:14 AM CEST| By Furquan MoharkanSummary Fed warns of potential ‘significant decline’ in the asset prices. Fed governor calls for stronger safeguard. The US apex bank also warns about potential deterioration in the asset quality. The US Federal Reserve (Fed) .....
Why EV revolution may not be as green as we think
May 07, 2021 03:48 AM CEST| By Team Kalkine MediaSummary Electric vehicles (EVs) have witnessed a ground-breaking journey in the past one year. The need for green energy coupled with technological advancements have steered the EV revolution. The battery metal production process poses serious.....
PayPal, Square Ride High On Strong Digital Payments
May 07, 2021 03:15 AM CEST| By Team Kalkine MediaDigital payments behemoth PayPal Holdings, Inc. (NASDAQ: PYPL) and Square, Inc. (NYSE: SQ) reported stellar first-quarter results amid the government’s stimulus payments and bitcoin transactions. While PayPal posted significant growth in its.....
Lexus EV To Be Launched In New Zealand Before 2021 Ends; Government Mulling Over Feebates
May 07, 2021 03:03 AM CEST| By Team Kalkine MediaSummary The use of Electric Vehicles is constantly on the rise as they run on electric engines rather than on toxic fuels. New Zealand will soon witness Lexus EV- UX 300e hitting its roads. The NZ Government is working towards increasing the s.....
Ether Hits New High Today. Can It Cross $5,000 Soon?
May 07, 2021 02:37 AM AEST| By AnujEther coin achieved a new high of US$ 3,545.2 apiece for the first time on Thursday, May 6. The second largest blockchain network has been recording record highs since the last week of April 2021. The Ethereum network registered fund inflows of US$ 3...
Will Honeywell International Inc.’s Prices Scale New Highs?
May 06, 2021 04:35 PM CEST| By Team Kalkine MediaSummary HON’s prices are trading above resistance turned support level on the daily chart and getting support from the 50-period Simple Moving Average (SMA). HON outperformed its peer and generated ~42 percent return in the last 9 months.....
Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction
May 06, 2021 08:21 PM AEST| By Team Kalkine MediaSummary An auction house has announced it will accept cryptocurrency at an upcoming auction for an art piece by legendary artist Banksy. This will mark the first time Sotheby’s will accept cryptocurrency as a payment mode for a painting. .....
Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly
May 06, 2021 07:10 PM AEST| By Team Kalkine MediaSummary Banks can now offer customers the ability to purchase, sell and hold Bitcoin after fintech leader FIS partnered with cryptocurrency technology firm NYDIG. The new collaboration would allow banks to provide Bitcoin services within their .....
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
May 06, 2021 09:24 AM CEST| By ManikaIn a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing...
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 06, 2021 07:30 AM CEST| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all .....
Back with a bang after a two-day gap, Japan shares lead APAC rally
May 06, 2021 06:54 AM CEST| By Furquan MoharkanOpening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185.....
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 06:50 AM CEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 06, 2021 05:39 AM CEST| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 .....
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 06, 2021 05:10 AM CEST| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R.....
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 06, 2021 04:54 AM CEST| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun.....
Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 06, 2021 04:37 AM CEST| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti.....
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 02:44 AM CEST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 01:48 AM CEST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
ANTG Becomes The First Aussie Company To Export Medicinal Cannabis To NZ
May 05, 2021 10:00 PM CEST| By Team Kalkine MediaSummary Australian Natural Therapeutics Group enters a partnership with NUBU Pharmaceuticals to ship medicinal cannabis flower to New Zealand. The agreement would boost the Trans-Tasman relationship. ANTG's products confirm the global norms of.....
New Cryptocurrency Index Takes Crypto Closer to Mainstream
May 05, 2021 07:49 PM AEST| By Team Kalkine MediaSummary S&P Dow Jones has launched a new series of digital asset benchmarks, further cementing the digital asset class as a mainstream option for investors. The move comes as investor demand for index-based solutions continues to grow amids.....