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News
What To Expect From New Zealand’s Budget 2021?
May 20, 2021 11:32 AM AEST| By RomaSummary What can be expected from Budget 2021? What provisions for healthcare, vaccine, and education is it going to provide? How will Budget 2021 deal with the NZ housing crisis All eyes are fixed on the upcoming Budget announcement toda...
Six Major Gold Miners with Massive Reserves
May 20, 2021 10:25 AM AEST| By Team Kalkine MediaSummary Gold prices have been edging higher over the weaker US dollar and growing inflationary pressure. China, Russia, Australia, Canada, and the US are the major gold suppliers, accounting for a significant portion of the global gold deposits...
Coinbase Stock Hits Record Low As Bitcoin Nosedives
May 20, 2021 08:50 AM AEST| By Kiran MuraliSummary Coinbase stock marked its record low of US$208 in Wednesday’s trading. Bitcoin plunged as much as 29 percent before regaining some of the losses. Coinbase users experienced an outage while logging in for trading and balance check...
US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall
May 20, 2021 08:32 AM AEST| By Team Kalkine MediaUS stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors and a sharp decline of cryptocurrencies. The S&P 500 was down 0.29% to 4,115.68. The Dow Jones ...
Canada’s OSF Digital Acquires NZ’s Adept Group To Enhance Its Presence Across Australasia
May 20, 2021 06:00 AM AEST| By Team Kalkine MediaSummary Canadian OSF Digital has acquired Adept Group, which has offices located in Auckland and Wellington. Both the companies will draw mutual benefits from the acquisition, with an increased global presence in B2B and B2C commerce services. ...
Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!
May 20, 2021 03:32 AM AEST| By Team Kalkine MediaBitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a business venture to fund the development of cryptocurrencies. The blockchain technology and digital...
Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days
May 20, 2021 12:31 AM AEST| By AnujVirtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like Bitcoin, Ethereum, Cardano and Dogecoin has tumbled sharply. Combined value of nearly 10,000 ...
What do Rising Bond Yields Indicate About the Economy?
May 19, 2021 06:22 PM AEST| By Team Kalkine MediaSummary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem...
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 19, 2021 04:13 PM AEST| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c...
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 19, 2021 03:05 PM AEST| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s...
Waikato DHB latest to be hit by cyberattack
May 19, 2021 01:58 PM AEST| By SonalA cyberattack on a New Zealand public health provider knocked off information systems at 5 hospitals, causing some elective procedures to be cancelled and triggering a slew of other issues. Surgery and many outpatient meetings had to be withdraw...
Cannabis-Based Company Bags Carbon Efficiency Certification
May 19, 2021 01:55 PM AEST| By RomaSummary Cannabis-based Company receives carbon efficiency certification. It paves way for eco-friendly cannabis production in the country. Setting the right tone for the rest of the industry, helping in reaching goals. The world and espec...
Auditor General Advises NZ Government To Ramp Up COVID-19 Vaccination Programme
May 19, 2021 12:50 PM AEST| By Team Kalkine MediaSummary New Zealand needs to increase its momentum of the vaccine roll-out, says Auditor General. The Government must thoroughly work on contingencies in case of any delay in the arrival of vaccines, community outbreaks, etc. Majority of the G...
Chinese ban adds to Bitcoin’s woes, price sinks 8%
May 19, 2021 12:48 PM AEST| By Furquan MoharkanThe prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all other cryptocurrency services to clients. This was announced in a joint statement by the National...
Will Hiked Electricity, Gas Prices In March 2021 Quarter Affect New Zealanders?
May 19, 2021 12:17 PM AEST| By SonalSummary Electricity prices experienced a rise in the March quarter of 2021. Gas supply prices rose due to unanticipated production drop at the Pohokura gas field. Electricity prices for residential customers rose 0.4% in the March quarter. ...
Did Colonial Pipeline Attack Drive US Oil Prices Up?
May 19, 2021 11:48 AM AEST| By Team Kalkine MediaSummary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga...
Yellen bats for increased taxes for businesses
May 19, 2021 11:34 AM AEST| By Furquan MoharkanSummary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labour unions. She said that the American Families Plan would be funded by increasing taxes on rich p...
On a sticky wicket: Can Cricket bounce back to blockbuster form after COVID-19?
May 18, 2021 08:27 PM AEST| By Team Kalkine MediaSummary Governments in cricket-playing nations worldwide have relaxed restrictions, somewhat allowing smaller crowds into stadiums worldwide. But the hit to the bottom line for every national cricket association is crushingly undeniable. The Ch...
Elon Musk’s Flip-Flop Relationship with Crypto Oozes Irony
May 18, 2021 08:09 PM AEST| By Team Kalkine MediaThere have been few relationships that have captured the public’s imagination, like Elon Musk’s relationship with Bitcoin. Brad and Jen. Kim and Kanye. J-Lo and A-Rod. Brad and Angelina. And now Elon and Bitcoin or “Elcoin” ...
Elon Musk Superseded as the World’s Second Richest Person
May 18, 2021 06:30 PM AEST| By Team Kalkine MediaOn Monday, Tesla (NASDAQ:TSLA) CEO Elon Musk lost his position as the second richest person in the world as LVMH Chairman, Bernard Arnault, took the spot. Elon Musk drops to 3rd in the list of the wealthiest people in the world (Source: © J...
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