News

Investor lending strengthened in Australia in October 2021, says ABS

December 02, 2021 02:17 PM AEDT| By Damini

Highlights The ABS noted an increase in new investor loan commitments to near-record levels in October 2021. The owner-occupier loan commitments took a breather in October, potentially due to easing demand pressures. The new APRA rules are exp.....

Australian healthcare startup Harrison.ai raises A$129M

December 02, 2021 01:21 PM AEDT| By Priyanka Payal

Highlights Australian Healthcare startup Harrison.ai successfully raises AU$129 million to accelerate in one of the Country’s largest-ever Series B funding rounds. ai has also announced a fresh partnership with Sonic Healthcare (ASX:SHL) .....

What is Tribe Crypto? Why is it unique?

December 02, 2021 01:16 PM AEDT| By Aditi Saha

Shiba Inu has proved how a crypto can rise with sheer support from its community, the SHIB Army. Shiba lives in their hearts, the driving force behind the coin's success. However, has a significant competitor to Shiba Inu arisen in the crypt.....

Crude oil prices dip on strong sell-off amid rising Omicron concern

December 02, 2021 12:30 PM AEDT| By Arpit Verma

Highlights Crude oil prices settled lower on Wednesday. Both the benchmarks have been under pressure for weeks. Both the benchmarks have recorded the steepest monthly fall since March 2020. Crude oil prices settled on Wednesday on the bac.....

US indices close lower, weighed down by tech, financial stocks

December 02, 2021 08:32 AM AEDT| By Versha Jain

All key benchmark US indices closed in the red on Wednesday, December 1, weighed down by technology, basic materials, and financial stocks amid mixed global cues. The S&P 500 was down 0.42% to 4,547.63. The Dow Jones declined 0.69% to 34,246.34....

1inch Network pops after new funding: Should you consider this token?

December 02, 2021 04:41 AM AEDT| By Versha Jain

Highlights 1inch Network is a decentralized exchange (DEX). 1inch Network closed its Series B US$175 million funding led by Amber Group. The token rose over 7% intraday after the news. The 1inch Network (1INCH) token gained strong t.....

Kollect (KOL) crypto up 60% on new synthesis system – worth exploring?

December 02, 2021 03:38 AM AEDT| By Versha Jain

Kollect (KOL) jumped 60.25% on Wednesday at 7:00 am ET. The token price was US$0.329 at this gain. Why is it rising? Kollect introduced the synthesis system on November 30, and the token started rising after that. The synthesis system works to sy.....

Are we in a crypto bubble?

December 01, 2021 08:55 PM AEDT| By Daniel Paul Johns

Speculation of a cryptocurrency bubble has been rife for much of the latter half of this year, with many experts – some with track records that can only be described as legendary - claiming the crypto space is nearing a point of maximum.....

What forced China to buy Australian coal for the first time in a year

December 01, 2021 08:37 PM AEDT| By Arpit Verma

Highlights Chinese power plants are continuously running out of thermal coal stock due to skyrocketing domestic coal prices. The country softened its stance allowing 2.8Mt of Australian coal last month by clearing customs to address the acute s.....

What is MBOX crypto & why is it soaring? Know its price prediction

December 01, 2021 08:26 PM AEDT| By Raza Naqvi

The MOBOX (MBOX) cryptocurrency soared to a record high on Wednesday, December 1, as it gained investors' attention due to the announcement that the network is launching its MOMOverse on Binance ecosystem. MOBOX is a gaming protocol on the blockch.....

Is Amazon Coin a cryptocurrency? What can you buy with Amazon Coins?

December 01, 2021 08:00 PM AEDT| By Ankit Sethi

Big names like Tesla, MicroStrategy and S&P Dow Jones have jumped onto the crypto bandwagon. The world of blockchain-based digital currencies is a definite pull. But has Amazon launched a cryptocurrency? Is Amazon about to have its blockchain-.....

Virgin Australia reports A$3.7B profit; first in 10-years of history

December 01, 2021 07:16 PM AEDT| By Sukriti Nair

Highlights Virgin Australia reports billion-dollar profit in FY21. An unexpected profit is grabbing all the attention to its previously loss-making business. In its first since 2012, Virgin Australia has reported an AU$3.7 billion after-ta.....

Which cryptocurrencies are experiencing price surge?

December 01, 2021 06:29 PM AEDT| By Jasmine Anand

Highlights Unfamiliar crypto, Omicron, witnessed an unprecedented price rise after the WHO gave the same name to the new COVID-19 strain. Analysts opine that this unexpected price rise is a mere coincidence with the new COVID-19 variant. .....

FYI Resources (ASX:FYI) flourishes on Alcoa HPA pilot plant JV

December 01, 2021 06:10 PM AEDT| By Team Kalkine Media

Highlights FYI Resources Limited has successfully completed the Phase 1 trial production at its HPA pilot plant operations. FYI intends to position itself as a significant 4N and 5N HPA producer in the rapidly developing high-tech product...

Can the metaverse market become US$1 trillion economy?

December 01, 2021 05:42 PM AEDT| By Aditi Saha

Do you have any doubts about the metaverse or cryptos' future? Or do you believe the metaverse will vanish in a few years? According to Grayscale (cryptocurrency investing firm), the metaverse business has a lot of room for expansion and could rea.....

Vinomofo buys Revel events to bring new food and wine shows

December 01, 2021 05:16 PM AEDT| By Sukriti Nair

Highlights Vinomofo acquires Revel events. Expectations are of a rise in food and wine events, with restriction easing. Online wine retailer Vinomofo has acquired Melbourne-based event company Revel. The acquisition decision builds on Vino.....

Australian economy posts smaller-than-expected contraction in Q3 2021

December 01, 2021 03:49 PM AEDT| By Damini

The most awaited Gross Domestic Product (GDP) numbers for the September 2021 quarter are out now. But are they as severe as anticipated by economists and analysts? Surprisingly not! As per the recently released data by the Australian Bureau of Sta.....