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News
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
May 06, 2021 05:24 PM AEST| By ManikaIn a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing ...
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 06, 2021 03:30 PM AEST| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all ...
Back with a bang after a two-day gap, Japan shares lead APAC rally
May 06, 2021 02:54 PM AEST| By Furquan MoharkanOpening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185...
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 02:50 PM AEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei...
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 06, 2021 01:39 PM AEST| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 ...
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 06, 2021 01:10 PM AEST| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R...
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 06, 2021 12:54 PM AEST| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun...
Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 06, 2021 12:37 PM AEST| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti...
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 10:44 AM AEST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (...
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 09:48 AM AEST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke...
ANTG Becomes The First Aussie Company To Export Medicinal Cannabis To NZ
May 06, 2021 06:00 AM AEST| By Team Kalkine MediaSummary Australian Natural Therapeutics Group enters a partnership with NUBU Pharmaceuticals to ship medicinal cannabis flower to New Zealand. The agreement would boost the Trans-Tasman relationship. ANTG's products confirm the global norms of...
New Cryptocurrency Index Takes Crypto Closer to Mainstream
May 05, 2021 07:49 PM AEST| By Team Kalkine MediaSummary S&P Dow Jones has launched a new series of digital asset benchmarks, further cementing the digital asset class as a mainstream option for investors. The move comes as investor demand for index-based solutions continues to grow amids...
Can Dogecoin Hit $1 Before Elon Musk's SNL Debut?
May 05, 2021 07:19 PM AEST| By AnujDogecoin (Doge) set a fresh record high on Wednesday, May 5 (2AM EST), smashing over US$ 0.69 apiece. The meme-inspired cryptocurrency, which is also known for its Shiba Inu dog-mascot, currently has a market capitalization of over US$ 89 billion, ac...
Ethereum creator becomes a billionaire at just 27 as the crypto price surges
May 05, 2021 04:26 PM AEST| By Team Kalkine MediaSummary Ethereum has reached a unit value of AU$4,291 for the first time in its history. The sudden surge of the second largest cryptocurrency has made its creator, Vitalik Buterin, a billionaire. A massive upsurge in the trading of Non-Fungib...
New Zealand Remains Upbeat As Unemployment Rate Decreases
May 05, 2021 02:49 PM AEST| By Team Kalkine MediaSummary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unemployment rate declined from 4.9% (in December 2020 quarter) to 4.7% (in March 2021 quarter). More...
New Zealand Sets Different Pay Parameters For public sector workers
May 05, 2021 02:08 PM AEST| By SonalThe New Zealand Government announced Wednesday that public sector workers earning over $100,000 would not get any pay increase while those earning more than $60,000 could expect a rise in pay in only exceptional circumstances. Public Service Co...
Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 05, 2021 01:28 PM AEST| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi...
High-decibel chorus for national lockdown fails to sway Modi
May 05, 2021 01:23 PM AEST| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and ...
NZ Financial system in healthy state, but vulnerabilities persist: RBNZ
May 05, 2021 12:17 PM AEST| By SonalSummary RBNZ stated that financial vulnerabilities were still intact and more action was needed there. Border restrictions, supply-chain disturbances, and social distancing have decreased activity in affected sectors. New capital rules for ban...
S&P Dow Jones Indices test the waters in digital assets
May 05, 2021 11:56 AM AEST| By Furquan MoharkanIn what seems to add deeper mainstream hue to cryptocurrencies, the world’s largest index provider – S&P Dow Jones Indices (S&P DJI) – has announced the launch of its digital asset benchmarks named S&P Digital Market I...
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