AUS
NZ
UK
CA
USA
IND
News
NZ & Australian Dollar Weak Against the USD
March 23, 2021 09:03 AM CET| By Manikashowed weakness against the USD, Australian and New Zealand Dollar remained firm Fall in Turkish Lira and softening of crude (oil) prices and iron ore are having an impact on the currency market. Australian dollar and NZ dollar which were...
New Zealand PM Ardern announces plans to combat housing crisis
March 23, 2021 04:50 AM CET| By Team Kalkine MediaSource: Brian A Jackson Shutterstock Summary NZ government has released a range of housing policies to increase housing supply and reduce investor demand. Government plans to keep NZ$3.8 billion aside to fund infrastructure around housing...
Apple Inc. hit with a US$308.5 Mn fine for DRM patent infringement
March 23, 2021 03:03 AM CET| By Team Kalkine MediaSource: nui7711, Shutterstock Summary Global tech giant Apple Inc. to pay Personalized Media Communications for the infringement of a patent related to DRM (digital rights management). The jurors asked Apple to pay a running royalty depen...
KiwiSaver Simplicity to make investment in social housing
March 23, 2021 02:46 AM CET| By SonalSource: Olsa_iv Shutterstock Summary Simplicity has committed NZ$20 million to Aotearoa Pledge, created by Community Finance. Aotearoa Pledge seeks to raise NZ$100 million to build affordable and social housing solutions. Investments hav...
US Markets Edge Higher After Tech, Cyclical Stocks Rally
March 22, 2021 10:43 PM CET| By Team Kalkine MediaSource:violetkaipa, Shutterstock Summary S&P 500 gained 0.70%, Dow Jones rose 0.32% and NASDAQ surged 1.23%. Canadian Pacific seals deal to acquire US cargo rail company Kansas City for US$25 billion. The 10-year Treasury bond yields drop...
Canada’s February ETF Sales Surge On Newly Launched Crypto ETFs
March 23, 2021 03:22 AM AEDT| By Shreya BiswasSource: DedMityay, Shutterstock Summary Of the C$ 5.8 billion that Canadian exchange-traded funds (ETFs) secured in net sales for the month of February, about C$ 1 billion is said to be coming into the newly launched cryptocurrency bitcoin fund...
Auto industry back on track? Detroit 3 posts robust Q4 results
March 22, 2021 09:07 AM CET| By Team Kalkine MediaSource:Jenson, Shutterstock Summary The Detroit 3 automakers - Ford Motor, General Motors, and Fiat Chrysler Automobiles - posted robust earnings in their fourth quarter ended 31 December 2020. Ford’s adjusted EPS during the three months...
.jpg)
Is US FED Also Slipping Into a Liquidity Trap Like the Bank of Japan?
March 22, 2021 09:01 AM CET| By ManikaSource: Freedomz, Shutterstock Summary Federal Reserve (Fed) could be getting into a liquidity trap Fed Chairman, Jerome Powell said last week that America is officially trapped below zero After making all the efforts to keep the businesses a...
New Zealand set to announce measures to curb surging housing prices
March 22, 2021 08:58 AM CET| By Team Kalkine MediaSource: Nopparat Khokthong, Shutterstock Summary The NZ government is set to lay out a range of measures to help first-time home buyers and increase housing supply. A range of monetary and fiscal measures have led to soaring property prices in...
4 Drone Stocks From Across The World To Watch In 2021
March 22, 2021 03:55 AM CET| By Mark O'Donnellwing article details four drone companies working across the breadth of the industry. Drone technology has advanced to the point that serious consideration is being given to its commercial and industrial application. The drone industry is expect...
New Zealand government’s aid to be extended for COVID-19-hit aviation sector
March 22, 2021 03:27 AM CET| By SonalSource:Svitlana Hulko, Shutterstock Summary Government has put down an additional NZ$170 million for the aviation sector. The extended support is to maintain international passenger service and keep NZ connected with trade partners. The aviat...
Is Nokia Due For A Comeback In 2021?
March 22, 2021 03:23 AM CET| By Mark O'DonnellSource: Arnold O. A. Pinto, Shutterstock Summary Nokia was once a leading technology company that has largely fallen from favour. However, the Finnish technology Company generated €6.568 billion in Q4 2020. Nokia is vying to be a ma...
FedEx Q3 Income Soars 153% As E-Commerce Deliveries Surge
March 21, 2021 09:15 AM CET| By Team Kalkine MediaSource: Carlos Yudica, Shutterstock Summary FedEx stocks jumped nearly 133 percent over the past year as the company’s profits grew. Its revenues for Q3 ended February 28, 2021, grew 23 percent to US$21.5 billion. Its average daily pack...
Coinbase Pays US$6.5 Mn Penalty Over False Data Amid IPO Talks
March 21, 2021 09:10 AM CET| By Team Kalkine Medialeading data potentially inflated the volume of its digital assets, it noted. Coinbase Global Inc., the world’s largest crypto exchange, has paid a US$6.5 million penalty on charges of falsifying transaction data that may have possibly inf...
Elon Musk Says Tesla May Be Shut Down If Its Cars Spied In China
March 21, 2021 09:05 AM CET| By Team Kalkine MediaSource: canadianPhotographer56, Shutterstock Summary Military restricted the use of Tesla cars on military compounds over security concerns. Ban was triggered by fears that Tesla cars might be used to collect military data. China accounted fo...
US Stocks Notch Modest Weekly Loss As Bond Yield Retreats
March 20, 2021 03:12 AM CET| By Team Kalkine MediaSource: jo.pix, Shutterstock Summary S&P 500 dropped 0.06%, Dow Jones fell 0.71%, and NASDAQ gained 0.76%. Google to spend US$7 billion on offices and data centers, hire 10,000 staff. JPMorgan to purchase US$410 million stake in China Mer...
NFT Explained: Here's what we know so far!
March 20, 2021 08:36 AM AEDT| By Kunal SawhneySource: Tibor Duris, Shutterstock Summary A digital only JPEG image auctioned for $69 million. image made by digital artist Mike Winkelmann; auction held at Christie's website. Non-fungible token or NFT is the digital answer to collectibles?...
Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes
March 19, 2021 06:15 AM CET| By Daminintinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...
New Zealand Band Six60 Set to Open Dubai Expo 2020
March 19, 2021 05:33 AM CET| By Romaomoting trade and economic recovery are the prime concerns through this endeavour. New Zealand’s top-notch band Six60 will perform at the prestigious Dubai Expo-2020 trade show, a 6-month-long fair. This announcement came from the New Zeal...
China Leading The World In Wind Energy Market
March 19, 2021 04:39 AM CET| By Mark O'Donnelli> Total worldwide wind-energy capacity is set to touch 1000 Gigawatts by 2024. Wind farms were one of the most popular renewable energy projects in 2020. The country building the most wind farm capacity is China. In 2020, China alone managed t...