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Cannabis Companies Tilray And Aphria Announce £2.8bn Merger
December 18, 2020 09:09 PM AEDT| By Hina ChowdharyCanada cannabis companies Aphria Inc and Tilray Inc have agreed to merge their business to form the world’s largest weed firm by sales. Tilray and Aphria have announced an all-share deal giving the new company a stock market valuation of C$4......
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Coinbase Files For IPO In First For Cryptocurrency Exchange
December 18, 2020 08:55 PM AEDT| By Team Kalkine MediaCryptocurrency exchange, Coinbase Inc, announced on December 17 that it has secretly filed for a public offering on the U.S. Securities and Exchange Commission (SEC), becoming the latest in high-profile startups to follow an IPO route in 2020. If .....
Ahead of an IPO, Robinhood agrees to pay US$65 million to settle SEC charges
December 18, 2020 08:47 PM AEDT| By Edita IvancevicRobinhood, a financial service company, will pay US$65 million (A$85 million) to settle the government lawsuit in regard to not disclosing full information of its dealings with high-speed traders, and also not providing the best deal prices to its .....
SunRice Group (ASX:SGLLV) Expands Footprint into NZ Dairy Nutrition Business
December 18, 2020 07:27 PM AEDT| By Team Kalkine MediaThe CopRice business of Ricegrowers Limited (trading as SunRice Group on the ASX, ASX:SGLLV) is all set to cater to Kiwis. The Company has signed a deal to take over the NZ dairy nutrition business of Inghams Group Limited. The deal includes.....
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NZ Beef Cattle persists to rise, Dairy reflects Downtrend
December 18, 2020 07:20 PM AEDT| By Team Kalkine MediaAgricultural production survey in its provisional figures has shown that beef cattle has grown by 2 per cent, to 4 million in 2020, according to June data. Correspondingly, beef exports have also shown an increase to NZ$ 3.8 from NZ$ 3.3 billion in.....
What is driving Sydney’s luxury housing market?
December 18, 2020 06:45 PM AEDT| By Team Kalkine MediaAustralian property market is seeing a strong revival after remaining under stress in 2020 due to the coronavirus pandemic. With national home values rising 0.4 per cent in October and 0.8 per cent in November, Australia’s luxury housing mark.....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 06:15 PM AEDT| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
Brexit deal optimism pushes GBP to 31-month high vs USD
December 18, 2020 05:50 PM AEDT| By Team Kalkine MediaThe Great Britain pound (GBP) held the strength against the US dollar on Thursday after the Chief Brexit negotiator of the European Union Michel Barnier signalled positive development in the ongoing negotiations in the prospective trade arrangement.....
COVID-19 impact: Weekly payroll jobs fall, accommodation and food services worst hit
December 18, 2020 04:54 PM AEDT| By Team Kalkine MediaA fall of 2 percent was seen in payroll jobs between the week that ended 14 March 2020 and the week ended 28 November this year. Coronavirus pandemic began around the same time in March 2020. However, the payroll jobs surged 0.4 percent as against .....
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Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 03:58 PM AEDT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
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Robinhood Again Accused of Violating Securities Laws, this Time for Downplaying Risk
December 18, 2020 02:22 PM AEDT| By Team Kalkine MediaRecently, Robinhood Markets, the California-based financial services entity has been accused of violating securities laws by aggressively marketing itself to inexperienced investors and not maintaining a proper infrastructure for handling the increas...
RBA welcomes two new women members to the Board
December 18, 2020 01:40 PM AEDT| By Team Kalkine MediaThe Federal Government has appointed two new members on the Reserve Bank of Australia Board each for a period of five years. Image source: Megapixl Treasurer Josh Frydenberg made the announcement regarding the appointments on Thursday. Ms Aliso.....
Bitcoin surged to an all-time high of US$23,700, High traffic crashed exchanges
December 18, 2020 01:26 PM AEDT| By Team Kalkine MediaOn 16 December 2020, Bitcoin rose to the record high of US$21,569, surpassing the much-awaited level of US$20,000 for the first time in its history. However, the rally didn’t stop there and continued all the way to US$23,776 as of 17 December.....
Climate Change Goal Discussed at ANZ AGM, Transition Planning Disclosure Gets ~ 29% Votes
December 18, 2020 01:18 PM AEDT| By Team Kalkine MediaAustralian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voting in favour of transition planning disclosure. The transactional planning disclosure requires the C...
17 new COVID-19 cases in Sydney’s Northern Beaches: Is alarm bell ringing before Christmas?
December 18, 2020 12:08 PM AEDT| By Edita IvancevicAfter two weeks of no coronavirus community transmission, suburbs of Northern Beaches have recorded 17 new overnight cases. Thousands of residents living between Palm Beach and Spit Bridge have been warned to self-isolate. NSW Premier Gladys Bere.....
Infratil (ASX:IFT) confirms acquisition of Qscan
December 18, 2020 11:09 AM AEDT| By Team Kalkine MediaInfratil Ltd (ASX:IFT, NZX:IFT) on Friday confirmed that it has received approval from the Foreign Investment Review Board of Australia to acquire Qscan Group Holdings Pty Ltd (Qscan). The infrastructure investment company acquired the Qscan Group .....
5G and Blockchain: Paving Way For Crypto Mining
December 18, 2020 03:55 AM AEDT| By Team Kalkine Mediacy mining. In 2020, the world witnessed bitcoin breach unprecedented levels. The cryptocurrency crossed US$ 23000 for the first time in history in a dizzyingly rally on December 17. Ethereum, the second-largest cryptocurrency tha...
Trudeau Govt’s Plans To Make Canada Top Hydrogen Producer Released
December 18, 2020 03:19 AM AEDT| By Team Kalkine MediaCanada’s Natural Resources Minister Seamus O’Regan has just launched an “ambitious framework” which aims at making the country a top hydrogen producer in the world. The plan, called ‘Hydrogen Strategy for Canada’.....
House Prices in the UK Reach Record High in October
December 18, 2020 01:12 AM AEDT| By Hina ChowdharyThe house prices in the United Kingdom have hit a record high in 2020, according to the latest ONS data. The prices have risen by 5.4 per cent, reaching an average of £245,000 in October, which is highest since October 2016. The stamp duty s.....
US treasury department accuses Vietnam of currency manipulation
December 17, 2020 11:08 PM AEDT| By Hina ChowdharyThe US treasury department has accused Vietnam of manipulating the foreign exchange markets to gain an advantage to its exports. In its semi-annual currency manipulation report, the department has said that it suspects Vietnam of taking measures to.....
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