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News
Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?
March 26, 2021 05:00 PM AEDT| By Team Kalkine MediaSource: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...
Tracing Tesla's Trajectory: How it Fared in Last 5 Months?
March 26, 2021 04:57 PM AEDT| By DaminiSource: canadianPhotographer56, SHutterstock Summary Tesla’s stock has delivered an impressive return of over 50 per cent in the past five months. The Company has achieved several significant milestones over the recent months. The...
Traders find Silver Lining in the Natural gas price charts?
March 26, 2021 02:45 PM AEDT| By Team Kalkine Mediaing gas in underground storage fell by 11 Bfc for the week ending March 12, 2021. NYMEX Natural Gas Futures (NYME: NGc1) traded in a sharp upward trend from the latter half of June 2020 till October 2020, makinig a series of higher highs and hig...
Here’s Why Cboe Global Markets is Acquiring Chi-X Asia Pacific
March 26, 2021 12:02 PM AEDT| By Team Kalkine MediaSource: Who is Danny Shutterstock Summary Cboe Global Markets has reached a deal to acquire Chi-X Asia Pacific Holdings, which has core operations in Australia and Japan. The acquisition will accelerate Cboe's global expansion plans....
US Stocks End Higher Amid Jobs Data, Mixed Global Cues
March 26, 2021 09:27 AM AEDT| By Team Kalkine MediaSource:Ronnie Chua , Shutterstock Summary US unemployment rate fell to 6.2 percent in February after 379,000 people joined workforce. Chinese social media users blast Nike, H&M over comments on Uyghurs in Xinjiang. Chinese listed companie...
Think Twice Before You Spend Your Bitcoin For A Tesla!
March 26, 2021 02:56 AM AEDT| By Team Kalkine MediaImages: Pixabay Summary In the past, Elon Musk has been vocal about bitcoin and has backed it on Twitter. It is important to know about the tax implications in case you are planning to buy a Tesla car using bitcoin. To buy a car using bitcoin...
Is Black Gold Entering a Bearish Phase?
March 25, 2021 07:27 PM AEDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Recently, WTI Crude Oil plunged on demand concerns due to new pandemic curbs, however reversed sharply after Suez Canal was blocked. Germany and France expected to extend lockdown restrictions du...
Are Upcoming EV fleets An Answer To Rising Carbon Emissions?
March 25, 2021 07:23 PM AEDT| By Team Kalkine MediaSource: AVC Photo Studio, SHutterstock Of late, there have been increasing talks on the need for the shift to energy-efficient appliances, improvement in fuel efficiency, and usage of electric vehicles, amid increasing concerns on climate change. E...
Canada backs AstraZeneca’s COVID-19 vaccine but includes coagulation warning
March 25, 2021 04:50 PM AEDT| By Team Kalkine MediaSource:rafapress, Shutterstock Summary Health Canada confirmed AstraZeneca’s COVID-19 vaccine safety and stated that it had not obtained any reports citing thrombosis so far. The health department to add a warning indication to the vacci...
Did Sustainable Growth Get A Boost As An Aftermath Of COVID-19?
March 25, 2021 02:26 PM AEDT| By Romathe past year. The shift in the way customers think could be a game-changer The restrictions related to COVID-19 as unwelcome as they were, had some boons attached to them. Global warming and pollution reduced manifold and this led to a series....
NZ’s Westland All Set To Capture The Global Butter Market By Pumping In $40m
March 25, 2021 01:49 PM AEDT| By Team Kalkine MediaSource: TRMK, Shutterstock Kiwi Company, Westland Milk Products has set its eyes on the global butter market by investing $40 million to increase its production capacity. Source: © Squareplum | Megapixl.com Based in Hokitika, Westland...
US Stocks End Lower Despite Fightback
March 25, 2021 08:35 AM AEDT| By Team Kalkine MediaSource: SFIO CRACHO, Shutterstock Summary S&P 500 ticked down 0.55%, Dow Jones fell 0.01%, and NASDAQ plunged 2.01%. Chinese ride-hailing firm Didi Chuxing aims for a US$100-billion valuation in IPO debut. Intel Corp. to spend US$20...
Dented Risk Appetite Pushes Greenback to Four-Month High
March 24, 2021 11:15 PM AEDT| By DaminiSource: Deacons docs, Shutterstock Summary The US Dollar traded near its four-month high level on Wednesday as global markets’ concerns waned investors’ risk appetite. The potential US tax hikes, shutdowns in Europe and the intensi...
Can Bitcoin serve as an effective balm for inflation injuries?
March 24, 2021 03:46 PM AEDT| By AayushSource: Momentum Fotograh, Shutterstock Summary Hardcore Bitcoin enthusiasts say cryptocurrencies is the world’s best hedge against inflation, programmed to have a limited supply. An interesting relegation of a report is that just 2...
Hyundai And Singtel Sign an MoU On Smart Mobility
March 24, 2021 01:56 PM AEDT| By Team Kalkine MediaSource: Mameraman,Shutterstock Summary Hyundai and Singtel Group have signed an MoU to collaborate on 5G-enabled smart manufacturing & connectivity for electric vehicle battery subscription service. The collaboration would merge Hyund...
Amazon To Offload Nearly 5% Stake From Deliveroo In IPO
March 24, 2021 01:00 PM AEDT| By Team Kalkine MediaSource:Sundry Photography, Shutterstock Summary Amazon could raise as much as US$148 million from its 5 percent stake sale in Deliveroo IPO. The US company will continue to hold around 11.5 percent stake after the listing. The retailer would...
RBNZ voices concerns over Westpac’s breach of liquidity norms
March 24, 2021 12:37 PM AEDT| By Sonali> APRA also took actions against Westpac due to liquidity issues in December. Reserve Bank has asked Westpac to take a closer look at its risk governance practices and ordered the company to pay for 2 independent reports to address the same. O...
Now, You Can Pay In Bitcoins To Buy Tesla Cars
March 24, 2021 10:31 AM AEDT| By Team Kalkine MediaSource: Vitaliy Karimov, Shutterstock Summary Tesla becomes first auto major to allow the digital currency for car purchase in the US. The electric carmaker invested US$1.5 billion in Bitcoin in February. Tesla chief Elon Musk people in...
US Stocks Slip After Fed Chairman’s Comments
March 24, 2021 08:41 AM AEDT| By Team Kalkine MediaSource:ramcreations, Shutterstock Summary S&P 500 ticked down 0.76%, Dow Jones shed 0.94%, NASDAQ plunged 1.12%. Amazon to sell stake worth US$148 million in food delivery start-up Deliveroo. SoftBank-backed US real estate firm Compass ai...
Jack Dorsey’s Tweet NFT Rakes In $2.9M, Will Musk Sell His NFT?
March 24, 2021 08:33 AM AEDT| By Anuj@Kalkine Media 2021 Twitter founder Jack Dorsey traded his first-ever tweet as a non-fungible token (NFT) for little over US$ 2.9 million on Monday, March 22. The tweet NFT was auctioned by US-based company Cent’s digital platform ‘Valu...
