AUS
NZ
UK
CA
USA
IND
News
Freedom Foods (ASX: FNP) Hives Off Snacks and Cereals Business to Arnott’s Group
December 17, 2020 09:16 PM AEDT| By Team Kalkine MediaIn a move to boost profitability, leading Australia-based food & beverage group Freedom Foods Group Limited (ASX: FNP) is hiving off its Snacks and Cereals division for around $20 million to private equity giant KKR-backed Arnott’s Group......
.jpg)
Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 07:16 PM AEDT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
UK and US in talks over a trade deal
December 17, 2020 06:57 PM AEDT| By Hina ChowdharyRobert Lighthizer, US trade representative said that the UK and the US are in talks to lower tariffs and work out a mini-trade deal. The deal is likely to see Britain lower tariffs over subsidy for aerospace businesses. America also wants i.....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 06:42 PM AEDT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
What are the most trustworthy COVID-19 websites?
December 17, 2020 05:40 PM AEDT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
ACCC sues Facebook, alleges VPN app misled users
December 17, 2020 04:57 PM AEDT| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has sued Facebook for collecting user data without their permission and knowledge. The competition regulator found a mismatch between how Facebook promoted its Onavo Protect app and how it .....
.jpg)
Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 04:41 PM AEDT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
Transurban (ASX:TCL) sells its 50% stake in Transurban Chesapeake assets
December 17, 2020 04:29 PM AEDT| By Team Kalkine MediaTransurban Group (ASX:TCL) has signed a deal to sell 50% stake in its Transurban Chesapeake assets. With this deal, Transurban Group would retain 50% of interest in the Transurban Chesapeake assets and remaining 50% will go to the AustralianSuper, Ca...
.jpg)
Rise in deposits, residential assets boost household wealth to record high
December 17, 2020 03:11 PM AEDT| By Hina ChowdharyUptick in residential assets, deposits and superannuation balances pushed household wealth growth to record high in the September quarter. Total household wealth surged by 1.7 per cent to a record high of A$11,351 billion, according to the data rel.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 02:32 PM AEDT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
.jpg)
Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 01:50 PM AEDT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?
December 17, 2020 01:17 PM AEDT| By Kunal SawhneyBitcoin prices have smashed through the USD 20,000 mark to reach a new record high - the blistering rally in Bitcoin has delivered a one-year return of 190 per cent. The recent rally in the cryptocurrency has been well-supported by large institutiona...
AUD rises as job data lifts FX traders
December 17, 2020 01:16 PM AEDT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....
NZ’s quick response to the Pandemic results in 14% GDP gain in Q3
December 17, 2020 01:00 PM AEDT| By Hina ChowdharyEconomic activity in NZ rebounded with GDP rising 14% in the September quarter, recuperating from lockdown in March/April that resulted in the closure of several businesses and halting activity altogether. The gain in the September quarter came af.....
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 12:57 PM AEDT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Historic! Bitcoin Surpasses $20,000-Mark Amid Cryptocurrency Bull Rally
December 17, 2020 04:01 AM AEDT| By Team Kalkine MediaBitcoins have never been more valuable! The virtual currency crossed the US$-20000 mark in it short two-decade life, supported by massive growth and mainstream acceptance of cryptocurrencies. The world largest virtual currency soared almost 3.....
Zoom (NASDAQ: ZM) On an Expansion Drive, To Open R&D Centre in Singapore
December 17, 2020 02:02 AM AEDT| By Hina ChowdharyZoom Video Communications Inc. has said it would come up with a new R&D centre in Singapore which would hire hundreds of engineering staff to support its operations. The pandemic made the company a household name, which saw a meteoric rise in t.....
MSCI To Remove 10 Chinese Securities from GIMI Series Following US Order
December 16, 2020 10:56 PM AEDT| By Hina ChowdharyNew York-headquartered global securities index manager MSCI Inc announced on Tuesday that it would delete 10 Chinese securities from the Global Investable Market Index (GIMI) series after the US imposed restrictions on their ownerships. The changes.....
KBC Bank reports rise in Irish consumer sentiments in December
December 16, 2020 10:53 PM AEDT| By Kunal SawhneyConsumer sentiment in Ireland has bounced back strongly in December as the second lockdown in the country was withdrawn at the beginning of the month. KBC Bank, which maintains a consumer sentiment index for Ireland, has reported a value of 74.6 fo.....
Advertise your brand on Kalkine Media