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Palladium rockets to an all-time-high; here's what propelled its rally
May 07, 2021 04:07 PM AEST| By Team Kalkine MediaSummary Palladium prices surged to all-time-high levels on strong demand and supply deficits. The ongoing disruptions in Russian and South African mines have created a supply deficit in the market. Joe Biden’s infrastructure plan and sti.....
Too high for NASDAQ: Berkshire shares outpace computers
May 07, 2021 01:22 PM AEST| By Furquan MoharkanSummary The Class A shares of Berkshire are trading at US$435,120 This is higher than what NASDAQ computers can record The company has never had a stock split. The Class A shares of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) h.....
New Zealand In Awkward Spot As Tension Between Australia And China Soars
May 07, 2021 01:03 PM AEST| By Team Kalkine MediaSummary China has been criticised for its policies on Hong Kong and Uyghurs by the Five Eyes alliance. New Zealand took a diplomatic stand and Australia faced the maximum burns from China as the latter also questioned about the origin of the no.....
Coronavirus Reaches Mt Everest, Nepal Worried About its Tourism Industry
May 07, 2021 12:41 PM AEST| By RomaSummary COVID-19 spreading chaos in the Everest Nepal amongst other nations trying their best to control the second wave While travel is the worst hit, concerns over this years’ expeditions. Covid-19 has swept through the world like.....
New Zealand shells out €100,000 to support OPCW’s ChemTech Centre
May 07, 2021 12:18 PM AEST| By SonalThe Government of NZ has given a further €100,000 to a special Organisation for the Prohibition of Chemical Weapons (OPCW) Trust Fund. The contribution will help build a new facility, the OPCW Centre for Chemistry and Technology (also call...
US Fed sounds warning over rising asset prices
May 07, 2021 12:14 PM AEST| By Furquan MoharkanSummary Fed warns of potential ‘significant decline’ in the asset prices. Fed governor calls for stronger safeguard. The US apex bank also warns about potential deterioration in the asset quality. The US Federal Reserve (Fed) .....
Why EV revolution may not be as green as we think
May 07, 2021 11:48 AM AEST| By Team Kalkine MediaSummary Electric vehicles (EVs) have witnessed a ground-breaking journey in the past one year. The need for green energy coupled with technological advancements have steered the EV revolution. The battery metal production process poses serious.....
PayPal, Square Ride High On Strong Digital Payments
May 07, 2021 11:15 AM AEST| By Team Kalkine MediaDigital payments behemoth PayPal Holdings, Inc. (NASDAQ: PYPL) and Square, Inc. (NYSE: SQ) reported stellar first-quarter results amid the government’s stimulus payments and bitcoin transactions. While PayPal posted significant growth in its.....
Lexus EV To Be Launched In New Zealand Before 2021 Ends; Government Mulling Over Feebates
May 07, 2021 11:03 AM AEST| By Team Kalkine MediaSummary The use of Electric Vehicles is constantly on the rise as they run on electric engines rather than on toxic fuels. New Zealand will soon witness Lexus EV- UX 300e hitting its roads. The NZ Government is working towards increasing the s.....
Will Honeywell International Inc.’s Prices Scale New Highs?
May 07, 2021 12:35 AM AEST| By Team Kalkine MediaSummary HON’s prices are trading above resistance turned support level on the daily chart and getting support from the 50-period Simple Moving Average (SMA). HON outperformed its peer and generated ~42 percent return in the last 9 months.....
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...
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.....
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 .....
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.....
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 .....
BNPL Giant Klarna Enters New Zealand Market, Promises Smooth Customer Shopping Experience
May 05, 2021 09:41 AM AEST| By Team Kalkine MediaSummary Buy-Now-Pay-Later schemes are booming amid the coronavirus pandemic. With varied payment options, customers can now even make big purchases. Klarna, BNPL company has launched its services in the New Zealand market. Amid the corona.....
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