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China pumping billions into system to soften Evergrande blow
September 27, 2021 05:04 PM AEST| By Furquan MoharkanThe Chinese central bank – People’s Bank of China – has been pumping lot of cash into the system, as property developer China Evergrande’s default looms large on the world’s second largest economy. According to data c.....
Gravitoken: Is This Crypto’s Astonishing Growth Too Good to Be True?
September 27, 2021 03:36 PM AEST| By Daniel Paul JohnsA wise man once said: If something seems too good to be true, it probably is. Or as my grandfather likes to say, “There’s no such thing as a free lunch”. This wisdom can be applied to every facet of life, but it particularl.....
How much would you have made in Binance coin in one year?
September 27, 2021 03:26 PM AEST| By Akanksha VashishtBinance exchange has earned the reputation of being one of the most popular crypto exchanges around the world. Consequently, its native crypto, Binance Coin has also gained from this massive success and has jumped significantly in value over the la.....
Asia Pacific markets try to navigate out of Evergrande blues
September 27, 2021 02:05 PM AEST| By Furquan MoharkanHighlights Australia is today’s best performer in the region with 0.94% gain. Shares of Evergrande’s EV arm tanked in Hong Kong. APAC markets are in the green. The equity markets in the Asia Pacific region started the week on .....
Evergrande crisis: China’s debt trap comes home to roost
September 27, 2021 02:04 PM AEST| By Furquan MoharkanIn 2017, when Indian academic Brahma Chellaney coined the term debt-trap diplomacy – a situation where a powerful lending country seeks to saddle a nation with debt so as to increase its leverage over the borrowing nation – it did not hav...
What the Chinese cryptocurrency ban means for crypto investors
September 27, 2021 12:47 PM AEST| By AshishHighlights The Chinese ban on all cryptocurrency transactions has left the digital currency markets in dire straits. On Friday, Bitcoin fell as much as 5%; Ether and other crypto stocks also slipped, sending a panic wave among crypto investors......
Ethereum Killers: 5 Altcoins Challenging Ethereum’s Supremacy
September 27, 2021 12:27 PM AEST| By Daniel Paul JohnsEthereum’s 2021 has been fruitful as its market capitalisation has grown to the point where it reduced the gap between it and the largest cryptocurrency in the market – Bitcoin. However, it hasn’t been all smooth sailing for the .....
Crude oil prices reach 3-year high on US supply disruptions
September 27, 2021 11:46 AM AEST| By Arpit Vermath supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...
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UK mulls ban on China’s investment in the nuclear energy sector
September 26, 2021 07:13 PM AEST| By Sreenivas D AjankarThe UK government plans to bring guidelines for the nuclear power stations that would ban the Chinese firms’ investments in the UK nuclear energy sector. The government’s plan to restrict investment from China is because of security con.....
German general election 2021: Who could replace chancellor Merkel?
September 26, 2021 06:29 PM AEST| By Sreenivas D AjankarHighlights Germany is voting today to elect a new chancellor. Eligible voters will cast their votes to elect members for 598 seats across 299 districts. The new government’s biggest challenge will be bringing Germany back on a growt.....
The story of cryptocurrencies – past, present, future
September 26, 2021 12:34 AM AEST| By Rini ZachariahTrading in cryptocurrency is a current fad among many investors looking for making quick money. However, loosing money while trading in crypto is equally possible. A cryptocurrency is a digital currency that uses an online ledger with a stron.....
Weekly roundup of FTSE 100 risers and fallers (September 20-24)
September 25, 2021 09:31 AM AEST| By Sreenivas D AjankarFTSE 100 snapped the week in red but managed to hold the key support level of 7,000 after a mid-week rally. Here we are giving the roundup of the top gainer and top loser of every day during the passing week. 20 September 2021 Top riser: Interna...
Famous five of business this week (September 20-24)
September 25, 2021 09:26 AM AEST| By Team Kalkine Media1. Royal Dutch Shell Plc (LON: RDSA) Royal Dutch Shell will be replacing its existing diesel boats in Singapore, used to transport employees and visitors between Mainland Singapore and Bukom island, where its oi...
Tortilla IPO: When can you buy this casual dining chain’s shares on AIM?
September 25, 2021 09:21 AM AEST| By Suhita PoddarHighlights Mexican restaurant chain business Tortilla is planning to publicly list on the AIM sub market on or around 8 October The company has an estimated market valuation of £70 million The group plans to expand into 45 new locations .....
US indices close week mixed, weighed down by tech stocks
September 25, 2021 07:44 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the trading week mixed on Friday, September 24, pulled down by losses in technology and healthcare sectors amid mixed global cues. The S&P 500 was up 0.15% to 4,455.48. The Dow Jones rose 0.10% to 34,798.00. The NASDA...
Energy & Healthcare Shares Gained Momentum; FTSE 100 down 0.38%
September 25, 2021 04:17 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 7.84 points or 0.18 per cent lower at 4,441.14, Dow Jones Industrial Average Index dipped by 64.16 points or 0.18 per cent lower at 34,700.66,...
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Why FTSE 100 investors worrying about Evergrande’s trouble
September 24, 2021 11:24 PM AEST| By AbhijeetHighlights London equities slipped into negative zone after three-day rally Investors’ sentiment have been severely battered by the Evergrade’s situation Persisting staff crisis have worsened the dynamics for businesses and investo.....
FTSE 100 trades lower led by a decline in retail and housing stocks
September 24, 2021 10:59 PM AEST| By Sreenivas D AjankarHighlights FTSE100 trades in the red, down by 0.22% at 7,062, while mid-cap focused FTSE250 index was at 23,670, down by 0.67%. Crude oil price is trading at two months high and on track for the third straight week of gain following outpu.....
3 FTSE 100 petrol station operators in focus amid lorry driver shortage
September 24, 2021 10:47 PM AEST| By Suhita PoddarHighlights Lorry driver shortages due to an ongoing supply chain disruption has caused several petrol operators in the UK to shut shops temporarily. BP, the largest petrol operator in the UK, said it had closed some of its forecourts due .....
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All Crypto Transactions Are Illegal, Says China's PBOC
September 24, 2021 10:36 PM AEST| By Manu ShankarHighlights The People’s Bank of China (PBOC) has said that as cryptocurrencies don’t form a part of the payment system. On Friday, Bitcoin was perhaps one of the first one to react to the statement as its prices immediately dropped .....
AI on the Rise: A Look at Top AI Companies and Their Stocks