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World news
APAC markets rally on Wall Street cues, ASX200 rises 1.16%
May 28, 2021 06:33 AM BST| By Furquan MoharkanSummary Asian markets rally, following cues from Wall Street. Japan leads the rally with 2.11%. Australia is the third best performer in the region. The equity markets in the Asia-Pacific (APAC) rallied on Friday morning on the back of st.....
Victoria Declares Week-Long Lockdown, Kiwi Travellers Concerned
May 28, 2021 04:50 AM BST| By RomaSummary Week’s Lockdown declared in Victoria. Kiwis urged to stay put and follow guidelines. Travellers from Melbourne asked to isolate in NZ. A recent update says there is going to be a weeklong lockdown in Victoria, and this.....
Africa’s predicament: WHO says the continent needs 20mn vaccine jabs urgently
May 28, 2021 04:21 AM BST| By Tripti JoshiCOVID-19 vaccination campaigns across Africa are facing significant delays because of Oxford-AstraZeneca’s COVID-19 vaccine export ban imposed by India as the country grapples with the rapidly spreading strains of coronavirus. Oxford-As.....
NZ raise Concerns over growing Dependence on the Chinese market
May 28, 2021 02:15 AM BST| By Jasmine AnandThe Jacinda Ardern-led government does not want to take the nation to a trade conflict with China; the same that one can witness between its neighbouring country, Australia, and China in the current times. Source: © Nionx | Megapixl.com Ne.....
New ‘meme stock’? AMC Entertainment’s shares surge
May 28, 2021 01:48 AM BST| By Furquan MoharkanThe shares of American movie theater chain, AMC Entertainment Holdings Inc (NYSE:AMC), surged 47% on Thursday, as speculative trading by Reddit-obsessed day traders spiked. However, at the end of day’s trade, it closed at US$26.52 a piece &n.....
US Markets Gain As Industrial, Financial Stocks Advance
May 27, 2021 11:37 PM BST| By Team Kalkine MediaUS stock markets saw significant gains on Thursday, May 27, after new economic data lifted investors’ spirits, with the S&P 500 gaining back over 80% of its losses since March 2020. The S&P 500 was up 0.12% to 4,200.88. The Dow Jones I...
APAC markets mostly open in red; ASX200 flat
May 27, 2021 03:39 AM BST| By Furquan MoharkanSummary Most APAC markets have opened in the red. ASX200 opens flat in green. China macros disappoint. Most of the equity markets across the Asia Pacific region were trading in the red on Thursday, as Chinese industrial profits data showe.....
Pepin Island’s Ownership Comes Back to a New Zealander
May 27, 2021 03:19 AM BST| By Jasmine AnandSummary Pepin Island has been sold to a NZ buyer, details, and sale price of which are confidential. Previous owners did a lot of work for preserving its ecological properties, the new buyer to follow the same. It is one of the world’s b.....
China’s Inner Mongolia doubles down on Bitcoin ban, outlines punishments
May 27, 2021 03:05 AM BST| By Furquan MoharkanChinese autonomous region of Inner Mongolia region is planning to further crack down on cryptocurrencies by proposing punishments for companies and individuals involved in digital currency mining. The administrative body of the region -- Inner Mon.....
Move over Bezos & Musk, the world has a new richest man - Bernard Arnault
May 27, 2021 03:01 AM BST| By Team Kalkine MediaStirred up by the pandemic, the word volatility has been trending across all areas of life and business. The Forbes’ Real Time Billionaires rankings, too, are living the sways as this week saw fashion tycoon Bernard Arnault moving past Elon M.....
New Zealand replaces Provincial Growth Fund with a Smaller Fund
May 27, 2021 02:53 AM BST| By SonalSummary The New Zealand government replaced Provincial Growth Fund with a smaller fund. The fund will provide seed funding for regional projects. The process would help regions to conquer long-standing issues. The New Zealand Government i.....
Was COVID-19 virus leaked from Wuhan lab? Biden seeks detailed report
May 27, 2021 01:54 AM BST| By Furquan MoharkanUS President Joe Biden has upped the ante on investigation into the origins of the COVID-19 pandemic, ordering the US intelligence officials to conduct a detailed probe and report back in 90 days. The earlier investigation has zeroed in on tw.....
Australian EV charger developer Tritium to make debut on NASDAQ via SPAC route
May 27, 2021 12:18 AM BST| By Tripti JoshiBrisbane-based Tritium, a developer and manufacturer of direct current fast chargers for electric vehicles (EVs), has entered into a definitive agreement with a special purpose acquisition company (SPAC) Decarbonization Plus Acquisition Corporation.....
US Markets Close Higher As Energy, Consumer Stocks Lead Broad Rally
May 26, 2021 11:41 PM BST| By Team Kalkine MediaAll benchmark US indices closed higher on Wednesday, May 26, as investors resumed their bets on economy-linked stocks after inflation worries began to fade. The S&P 500 was up 0.19% to 4,195.99. The Dow Jones Industrial Average increased 0.03% t...
COVID-19 Vaccine Development: A Glance at the Latest Updates around the World
May 26, 2021 11:36 PM BST| By Tripti JoshiWith several global pharmaceutical companies launching their respective vaccines for the adult population, they are now evaluating them in adolescents, which form a sizeable section of the total population. Experts believe that herd immunity can on.....
Will EV Market Help New Zealand Reach Zero Carbon Level?
May 26, 2021 09:00 PM BST| By Neha SimpySummary Clean Car Standard Scheme keeps a tab on the supply of automobiles reaching the NZ region. Budget 2021 has made a substantial allocation to NZGIF for decreasing carbon emissions. Wellington City and Hutt to get above 80 charging locati.....
Amazon Announces US$8.45B Deal To Buy MGM
May 26, 2021 05:55 PM BST| By Kiran MuraliAmazon.Com Inc. (NASDAQ:AMZN) said on May 26 that it agreed to buy entertainment company MGM for US$8.45 billion. California-based MGM, Metro-Goldwyn-Mayer, produces and distributes film and television content. It also owns the EPIX television net.....
Is COVID-19 preying more on vulnerable countries?
May 26, 2021 08:05 AM BST| By Furquan MoharkanSummary India remains the epicentre of the coronavirus. Virus is spreading more in the countries with weak health infrastructure. Vaccination shortage may get real. A week ago, the World Health Organisation had expressed concern about the.....
Cyberattack Cripples Waikato Healthcare Services
May 26, 2021 07:55 AM BST| By Jasmine AnandSummary New Zealand’s Waikato health systems hit by cyberattack, which paralysed the region’s healthcare services. Hospitals forced to cancel elective surgeries and had to send patients with non-serious conditions elsewhere. Malwar.....
APAC markets open mostly in green; ASX200 up 14 bps
May 26, 2021 04:17 AM BST| By Furquan MoharkanSummary APAC markets have opened mostly in green. The Hang Seng Index is the best performer in the region. ASX200 is up 14 bps. The markets across the Asia Pacific Region (APAC) on Wednesday mostly opened in green, as a bunch of Sou.....
