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Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 04, 2021 01:55 AM CEST| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
Ardern Announces Two-Way Travel Bubble Between New Zealand, Cook Islands
May 03, 2021 10:00 PM CEST| By Team Kalkine MediaSummary Two-way travel bubble to commence between New Zealand and the Cook Islands from 17 May 2021. The Cook Islands has remained COVID-19-free during the entire coronavirus pandemic. In case of any detection of virus, Kiwis would be repatria.....
Ethereum Crosses $3K-Mark To Hit All-Time High. What Next?
May 03, 2021 07:06 PM AEST| By Team Kalkine MediaEthereum (Ether), the second largest crypto by market cap, surpassed the US$ 3,000-mark for the first time ever on Sunday, May 2. The blockchain giant hit multiple record highs last week as the European Investment Bank (EIB) issued its digital bonds...
Australian, Kiwi Dollar Firm Ahead of Series of Global Events
May 03, 2021 10:47 AM CEST| By ManikaThe Australian dollar remained firm on Monday despite all indications from the Federal Bank of Australia (FBA) that it was going to keep the interest rates unchanged. The NZ dollar also remained strong. The AUD remained strong at $0.7713, holding on...
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 08:29 AM CEST| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Why Berkshire’s Charlie Munger ‘hates’ Bitcoin’s meteoric rise
May 03, 2021 04:16 PM AEST| By Team Kalkine MediaSummary Expressing his dislike for Bitcoin, Berkshire Hathaway’s Vice Chairman Charlie Munger on Saturday said: “Of course I hate the bitcoin success.” The 97-year-old Munger was speaking at a Q&A session at the Berkshire&.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 07:04 AM CEST| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
A New Copyright Lawsuit May Unveil Bitcoin’s True Founder
May 03, 2021 02:19 PM AEST| By Team Kalkine MediaSummary Australian Craig Wright is filing a copyright claim against the website Bitcoin.org, claiming he is the true founder of the cryptocurrency Bitcoin. Wright’s claims are disputed by many, with Bitcoin.org declaring that his allegati.....
NZ PM Hints At Disagreements With China At The China Business Summit
May 03, 2021 06:05 AM CEST| By Team Kalkine MediaSummary Jacinda Ardern at the China Business Summit highlighted the strong trading relationships of China with New Zealand despite disagreement on few issues. NZ maintains an independent foreign policy and works on national interest. Both Arde.....
Do you know which premium pet NZ food company has KKR bought?
May 03, 2021 06:03 AM CEST| By SonalSummary Investment firm, KKR has bought a NZ-based pet food firm, Natural Pet Food Group, which will use funds for its growth in NZ and worldwide. KKR’s funding indicates the subsequent phase of development for the Natural Pet Food Group......
Renewable Energy: Which Source Can Be Harnessed the Most?
May 03, 2021 05:17 AM CEST| By RomaIn the world renewable energy scenario, there are several countries pitching in to strike a balance. It was recently announced that Vietnam could be the leading country in the South-east Asian league of renewable energy development. The transition .....
Warren Buffett roots for retained earnings, rues Apple share sale
May 03, 2021 04:58 AM CEST| By Furquan MoharkanAce investor and billionaire Warren Buffett has batted for the importance of retained earnings at a time when more and more investors are pitching for increased capital allocation towards the shareholders. The investment maestro highlighted the ab.....
MYOB Business Monitor: NZ SMEs still wary about economic recovery in 2021
May 03, 2021 04:00 AM CEST| By SonalThe annual MYOB small and medium enterprise survey shows that SME sector of New Zealand remains wary about the possibility of further economic recovery in 2021. The survey showed that nearly half (41%) of SMEs believed New Zealand’s economy wo...
Good News For Crypto Lovers: Coinbase Allows Crypto Purchase Via PayPal
May 03, 2021 03:38 AM CEST| By Team Kalkine MediaSummary Coinbase allows its customers to buy cryptocurrencies using bank accounts linked to PayPal. Coinbase’s users can purchase up to US$25,000 a day with PayPal account. The facility is currently available for US customers only. .....
Crucial events that can sway global markets this week
May 03, 2021 03:06 AM CEST| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
Is China a major threat to US national security?
May 02, 2021 11:44 AM CEST| By Team Kalkine MediaSummary China is seen as a strategic competitor by the US. US-China relations revolve around competition for global power and technology usage. Strained relations between the 2 countries could lead to cold war. Russia, Iran, extremist gro.....
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Global COVID-19 cases cross 152 million, India amongst top contributor
May 02, 2021 07:39 AM CEST| By SonalSince the COVID-19 virus wreaked havoc on people's lives all over the world, nations have been struggling to fight infections that keep resurfacing due to mutations. Over 150 million COVID-19 cases have been recorded to date with the death toll cro.....
Global dealmaking is booming; and Wall Street is cashing on it
May 01, 2021 04:23 PM CEST| By Furquan MoharkanThe global banks are seeing a massive surge in the revenues generated from their investment banking division as the global dealmaking is booming. European and Asian Banks, like Deutsche Bank and Nomura Holdings, have reported a surge in excess of .....
Big Tech gets bigger in March quarter
April 30, 2021 04:10 PM CEST| By Furquan MoharkanIn the week gone by, five biggest tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Amazon Inc (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB) – announced their quarterly results for t.....
Didi, ByteDance among top Chinese firms set for US IPO in 2021
April 30, 2021 04:05 PM CEST| By Team Kalkine MediaSummary As many as 60 Chinese companies are lined up to launch IPO in the US. China's biggest unicorns ByteDance and Didi Chuxing may hit the US capital market this year. 32 China-based firms raised US$15 billion through IPOs in the US in 2020.....