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Alibaba Fined A Record $2.75 Billion By Chinese Authorities
April 11, 2021 08:51 AM CEST| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary The Chinese tech behemoth owned by one of the most successful entrepreneurs Jack Ma has been fined $2.75 billion for abusing its dominant market position The latest fine amounts to 4 per cent of t...
What’s in President Biden’s 2022 Budget Proposal
April 11, 2021 05:32 AM CEST| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
Wheat Futures taking a breather?
April 11, 2021 02:31 AM CEST| By Team Kalkine MediaSource:sutadimages, Shutterstock Summary Global production of Wheat hit record levels in March 2021 thanks to bumper crop in Australia. Wheat Futures prices soared during June 2020 to January 2021 and witnessed a gain of ~48 percent. Despite...
India’s Rising COVID Cases A Cause of Worry
April 11, 2021 12:25 AM CEST| By Furquan Moharkan© Marbenzu | Megapixl.com The rising Covid-19 cases in world’s second most populous country – India – is a very worrying trend for the global economy. The country has been hit by the second wave of the highly contagious virus...
Tech stocks, BNPL players taking stock markets higher
April 10, 2021 11:19 PM CEST| By Team Kalkine MediaSource: TZIDO SUN,Shutterstock As major economies of the world continue to shake off the damages done by the pandemic, the major stock markets have also started to shine, showing signs of positivity. Out of all the significant indices, it woul...
Are NZ’s new property investment curbs distasteful?
April 10, 2021 10:00 PM CEST| By Team Kalkine MediaSource: xiaoyuguai, Shutterstock Summary PM Jacinda Ardern announced many changes in housing policy of NZ in March. Property investors are not happy with the announced housing changes. Goldman Sachs stated that new restrictions on housing cou...
What To Expect From Bank Of Japan's CBDC Pilot
April 10, 2021 10:37 AM AEST| By Team Kalkine MediaImage: Pixabay The Bank of Japan (BoJ) unveiled its central bank digital currency (CBDC) pilot project earlier this week. The experiment will analyze the viability of the virtual currency and consolidate efforts of other major central banks that are...
Will JPMorgan Continue to Soar?
April 09, 2021 10:20 PM CEST| By Team Kalkine MediaSource: pcruciatti, Shutterstock Summary JPMorgan Chase & Co. (NYSE: JPM) hit a new lifetime high and delivered a return of ~27 percent in the last three months. JPM Stock prices are trading in a rectangle channel formation on the daily ch...
What Does IMF’s World Economic Outlook Say in Detail?
April 09, 2021 10:10 PM CEST| By Furquan MoharkanSource: MuhsinRina, Shutterstock When the International Monetary Fund (IMF) raised global growth forecast in its April update, there was a certain degree of jubilation across the globe, which has been crippled by once a century pandemic. The global...
Prince Philip, Queen Elizabeth II’s Husband, Passes Away At 99
April 09, 2021 04:33 PM CEST| By Team Kalkine MediaSource: Pixabay Prince Philip, husband of Britain’s Queen Elizabeth II, passed away on Friday, April 9, the Buckingham Palace has announced. He was 99 years old. The palace wrote in its official statement that the Duke of Edinburgh “pas...
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Medical Kiwi Not To Be listed On NZX For Now
April 09, 2021 12:06 PM CEST| By Team Kalkine MediaSource: Stereo Lights, Shutterstock In the latest update, Medical Kiwi, which is dealing in medicinal cannabis, has not received a greenlight to trade on the New Zealand Stock Exchange. Source: Copyright © 2021 Kalkine Media Pty Ltd Medical...
AstraZeneca’s COVID-19 vaccine: A look at recent challenges
April 09, 2021 08:09 AM CEST| By Team Kalkine Mediae links of blood clots after the administration of AstraZeneca’s jab. The COVID-19 vaccine manufactured by Oxford University and AstraZeneca Plc (LON:AZN) has been a part of controversy amid several nations suspending the vaccine's use, in...
What you should know about Bitcoin mining
April 09, 2021 01:07 PM AEST| By Aayushcoin miner uses his computing power to verify a transaction by solving the puzzle. Since the introduction of Bitcoin (BTC) in 2009 by Satoshi Nakamoto, it has excited investors, tech pros and everyday people alike. However, despite its fascinati...
HP New Zealand Proposes RPM to the Commerce Commission
April 09, 2021 02:43 AM CEST| By Team Kalkine MediaSource:Lukmanazis, Shutterstock Summary HP proposes RPM for new market conditions. Several aspects such as pricing, competition, and market conditions involved. Commerce Commission to analyse all factors before giving out decision. The C...
ICE Cotton prices in a correction mode, more pain to continue?
April 09, 2021 02:36 AM CEST| By Team Kalkine MediaSource:Agnes Kantaruk, Shutterstock Summary Global production of Cotton is expected to rise by ~4.70 percent in 2021/22. Global consumption of cotton has increased by ~14.48 percent in 2020/21. The prices are sustaining above an upward slopin...
Why Is NZ Business Confidence Moving Towards The Lower Side?
April 08, 2021 10:15 PM CEST| By Team Kalkine MediaSource: Panumas Yanuthai, Shutterstock Summary ANZ Business Outlook Survey outlines a fall of 4 points in Kiwi business confidence. Price expectations mark a record high, as cost expectations also surge. In spite of economic recovery signs in...
How Does NZ Government Plan To Lessen Carbon Emissions?
April 08, 2021 10:00 PM CEST| By Team Kalkine MediaSource: kamilpetran, Shutterstock Summary Countries across the globe are increasingly becoming aware of climate change and harmful carbon emissions. Paris Agreement 2020 to limit global warming to 2°C and the US plans to host Climate Leade...
Top 2 Crypto ETFs To Invest In 2021
April 08, 2021 11:19 PM AEST| By AnujSource: allstars, Shutterstock Purpose Investments unveiled the world’s first crypto ETF, Purpose Bitcoin ETF (TSX: BTCC.B), on the Toronto Stock Exchange in February 2021. Evolve Funds also launched its Bitcoin ETF (TSX: EBIT) to replicate th...
Kim Kardashian makes her debut on the billionaires’ list
April 08, 2021 09:15 AM CEST| By Team Kalkine Mediaenner clan. As per Forbes, Kim Kardashian is currently worth USD 1 billion. From a Twitter influencer to a billionaire in a span of 10 years, the story of Kim Kardashian indeed needs to be told. Kim first appeared in Forbes in 2011 for her nea...
Eutelsat and RCG stitch a deal to improve telecom connectivity at Catham Islands
April 08, 2021 08:46 AM CEST| By Team Kalkine MediaSource: ShutterOK, Shutterstock Summary Eutelsat Communications and RCG have come together to bring an upgraded telecommunications network to NZ’s Chatham Islands. RCG will leverage the EUTELSAT 172B satellite to get support in providing...