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News
Villa Maria’s parent firm FFWL put into receivership
May 18, 2021 05:42 PM AEST| By SonalThe owner of NZ wine business Villa Maria has been put into receivership and share sale in the business will occur. Brendon Gibson and Neale Jackson of Calibre Partners (previously known as KordaMentha) have been selected as receivers of FFWL, ...
The Domino Effect: How Chia is Boosting the Demand for Hard Drives
May 18, 2021 05:31 PM AEST| By Team Kalkine MediaSummary Chia, a greener alternative to more energy-consuming cryptos, debuted on the exchange at US$1600 on 3 May 2021. Chia uses a method called “proof-of-space”, which allows users to mine the coin on their home computer whilst us...
What are the Factors Impacting Bond Yields?
May 18, 2021 05:19 PM AEST| By Team Kalkine MediaSummary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth...
NFTs Explained: What is a non-fungible token and how does it work?
May 18, 2021 05:13 PM AEST| By Furquan MoharkanSummary Cryptocurrencies are talk of the town NFT (non-fungible token), is a unit of data stored in a digital ledger called a blockchain Few NFTs present today include unique digital artworks, a unique sneaker in a limited-run fashion line, in...
EverCommerce and Timely’s Tie-up Can Help Them Expand Client Base
May 18, 2021 05:02 PM AEST| By RomaSummary Wellness and health company to collaborate with beauty-based Company. The collaboration aims at creating better business for both the companies while serving the clients. The companies bounced back after COVID-ridden damage witnessed l...
APAC markets trading in green; Taiwan bounces back
May 18, 2021 04:44 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were mostly trading in green on Tuesday as Taiwan led the pack with a sharp rebound. The Taiwan Weighted Index surged 4.90% on Tuesday, after a nearly 3% drop on Monday amid rising concerns over...
Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH
May 18, 2021 03:37 PM AEST| By SonalWith the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...
COVID-19: WHO warns against ‘pandemic is over’ mindset, flags vaccine shortage
May 18, 2021 01:49 PM AEST| By Furquan MoharkanThe World Health Organisation (WHO) has warned that the COVID-19 pandemic is far from over despite decline in the global numbers in the past two weeks. “There’s a huge disconnect growing where in some countries with the highest vaccina...
Here’s What You Need To Know About Commodity Supercycle
May 18, 2021 01:31 PM AEST| By Team Kalkine MediaSummary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an underlying structural shift leading the prices to break their long-run levels. The first known commo...
Two-Way Travel Bubble Between Cook Islands, New Zealand Commences Today
May 18, 2021 01:27 PM AEST| By Team Kalkine MediaSummary Quarantine-free two-way travel arrangement kick-starts from today as Air NZ's flight took off from New Zealand to the Cook Islands. The traveller should be in New Zealand for last 14 days before travelling to the Cook Islands. A pre-de...
Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?
May 18, 2021 01:21 PM AEST| By ManikaIs it going to be a well-being Budget or COVID-19 recovery Budget for 2021? According to Finance Minister Grant Robertson, it will, in many ways, still be a COVID-19 Budget. Even though, the NZ economy has been resilient to the impacts of COVID-19...
Would New Zealand’s SMEs Gain From Budget 2021?
May 18, 2021 12:41 PM AEST| By SonalSummary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many businesses have hopes on various fronts from the upcoming budget. Small and medium enterprises (SM...
Michael Burry of ‘The Big Short’ fame has bet US$534 million against Tesla
May 18, 2021 11:07 AM AEST| By Furquan MoharkanMicheal Burry, the investor famous for foreseeing the subprime mortgage crisis and profiting from it, has a short position worth US$534 million against the electric vehicle maker Tesla Inc (NASDAQ:TSLA), a regulatory filing has revealed. According...
Aussie PM To Visit NZ On May 30 After Trans-Tasman Bubble Opened Last Month
May 18, 2021 10:18 AM AEST| By Team Kalkine MediaSummary New Zealand will welcome Australia’s PM and his wife; their maiden visit since the opening of the trans-national borders of the two neighbours. Leaders of both the countries will attend the AU-NZ leaders' meeting to be held in Que...
Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?
May 18, 2021 02:05 AM AEST| By AnujTesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was captured over the weekend as the overall crypto market tumbled more than 10 per cent, led by the heavy sell...
Will environmental concerns pave the way for Bitcoin to get greener?
May 17, 2021 09:31 PM AEST| By AayushSummary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an active role in helping make Bitcoin mining greener by investing in new technologies. Despite a f...
ANZ foresees OCR rate to hike gradually from August 2022
May 17, 2021 06:44 PM AEST| By SonalSummary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2023. RBNZ due to meet on May 26 to decide on OCR rates. Australia and New Zealand Banking Gr...
China’s retail sales numbers paint a dismal picture
May 17, 2021 04:34 PM AEST| By Furquan MoharkanThe world’s second largest economy, China, seems to be grappling with a sluggish economic recovery as consumer spending grew far lesser than expected. According to the data released by the National Bureau of Statistics, the retail sales in t...
Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050
May 17, 2021 02:47 PM AEST| By Team Kalkine MediaSummary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping i...
APAC markets open mixed as investors await Chinese datasets
May 17, 2021 12:54 PM AEST| By Furquan MoharkanSummary Monday morning was a mixed bag for APAC markets. Taiwan weighted index is down 1.63% -- the worst performer. Dow Jones New Zealand is up 1% -- the best performer. The Asia Pacific share markets opened on a mixed note on Monday, as...
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