Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
- May 15, 2021 03:35 AM AEST
- Nitish Kumar
APAC markets open mostly in green on Wall Street cues
- May 14, 2021 03:36 PM AEST
- Furquan Moharkan
Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
- May 14, 2021 03:25 PM AEST
- Team Kalkine Media
US tax sleuths, justice dept set to probe Binance: Reports
- May 14, 2021 02:43 PM AEST
- Furquan Moharkan
Coinbase rides the crypto boom to hit over US$1 billion in revenue
- May 14, 2021 01:47 PM AEST
- Furquan Moharkan
Summary Coinbase revenue jumped about 10 times during the March quarter, fuelled by the surge in digital asset prices. The crypto firm clocked US$ 5 million in profit during the quarter. Coinbase added about 13 million new users to its platfor...
Bears grip APAC markets on inflation woes
- May 13, 2021 03:07 PM AEST
- Furquan Moharkan
Summary All APAC markets, except Taiwan, are in red. New Zealand markets, with a 2.5% loss, are the worst performers. Investors fear rate hike by central banks, that triggered the sell-off The bears seem to have gripped the Asia Pacific (...
Bitcoin crashes as Tesla does a U-turn on the largest crypto
- May 13, 2021 01:00 PM AEST
- Furquan Moharkan
Summary Musk says Tesla would say no to Bitcoins for car purchases. Bitcoin disbanded over environmental concerns The bitcoin prices crash over 10% The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop usin...
COVID-19 continues to hammer India; global cases decline
- May 13, 2021 11:31 AM AEST
- Furquan Moharkan
Summary Global COVID-19 cases are dwindling, but India continues to feel the heat In last seven days, India clocked more cases than all countries put together The crypto world has come for India’s bailout The spread of the COVID-19 ...
Amazon Dodges US$300 Million EU Tax Order
- May 13, 2021 09:23 AM AEST
- Team Kalkine Media
Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,...
US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
- May 13, 2021 07:55 AM AEST
- Team Kalkine Media
The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the ...
SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
- May 13, 2021 06:00 AM AEST
- Team Kalkine Media
Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J...
Now Google Pay Users In US Can Send Money To India, Singapore
- May 13, 2021 04:24 AM AEST
- Team Kalkine Media
Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around ...
Bharat Biotech to commence Phase 2/3 trial of its COVID-19 on children
- May 12, 2021 08:10 PM AEST
- Tripti Joshi
India-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report, the study will be performed on approximately 525 participants at several sites in India. Recent...
APAC markets in red; Nissan shares crash 13%
- May 12, 2021 03:30 PM AEST
- Furquan Moharkan
Summary All APAC shares are trading in red, with Taiwan being the worst hit market. ASX200 is down by 1.14%, a day after the Federal Budget. Growing concerns over inflation have dampened investor sentiment. Nissan shares crumble by 13% on bac...
