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News
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...
ASB Offers Low Interest Rates for Newly Built Properties
May 17, 2021 12:49 PM AEST| By RomaSummary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the market conditions after increasing prices. Housing Sector woes seem nowhere close to end rig...
New Zealand’s Annual Net Migration Hits A New Low
May 17, 2021 12:16 PM AEST| By SonalCOVID-19-induced border and travel restrictions have culminated in yearly migrant arrivals and departures hitting new lows. As per the latest data released by Stats NZ, the year ended March 2021 witnessed the biggest reduction in net migration ...
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 11:51 AM AEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in...
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 10:39 AM AEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s ...
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 05:41 PM AEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...
Dogecoin explained: All you need to know about the meme currency
May 16, 2021 12:16 AM AEST| By AayushSummary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for completing one Dogecoin transaction. Dogecoin uses a proof-of-work algorithm which is similar to that ...
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 15, 2021 03:35 AM AEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U...
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
May 14, 2021 11:02 PM AEST| By Suhita PoddarSummary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran...
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Are Bitcoin Chartists Picking Bearish Signals?
May 14, 2021 08:01 PM AEST| By Team Kalkine MediaSummary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli...
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Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?
May 14, 2021 07:38 PM AEST| By AnujTelsa Inc (US:TSLA, NASDAQ:TSLA) founder Elon Musk tweeted on Wednesday, May 12, that the electric vehicle (EV) company is suspending all purchases using Bitcoin. He also hinted that the company is exploring other environment-friendly cryptocurrenci...
Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
May 14, 2021 06:06 PM AEST| By Team Kalkine MediaSummary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at...
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 05:19 PM AEST| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w...
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