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In a first, Australia to make Facebook, Google pay for news content
December 10, 2020 03:17 PM AEDT| By Hina ChowdharyOn 8 December 2020, Australia unveiled its plans to make Facebook and Google to pay to the local media outlets for the news content. Australia has become the first country in the world to do so. Treasurer Josh Frydenberg mentioned that the two techn...
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Top Shelf International Holdings Ltd (ASX:TSI) marks its ASX debut with $47.2M IPO
December 10, 2020 02:38 PM AEDT| By Team Kalkine MediaIn this IPO frenzy time, another new player has entered the listed space, Top Shelf International Holdings Ltd (ASX:TSI). The company is producer and marketer of high quality beverage brands and is based in Melbourne. On 10 December 2020, the compa.....
DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day one
December 10, 2020 02:19 PM AEDT| By Team Kalkine MediaOn 09 December 2020, DoorDash made is NYSE debut on New York Stock Exchange, and by the end of the trading session, the shares surged by 85.89%, settling at US$189.51. DoorDash is a technology company that links people with the best in their citie.....
APN Industria REIT (ASX: ADI) Eyes Funding for Acquisitions, Upgrades Guidance
December 10, 2020 02:07 PM AEDT| By Team Kalkine MediaAPN Industria REIT (ASX:ADI) has agreed to acquire four properties for $92.1 million. Three properties at Adelaide Airport would be bought for $29.6 million. A property in Stapylton, Queensland, would be purchased for $62.5 million. All four.....
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Syrah (ASX:SYR) to raise $112 million via equity raising and convertible notes
December 10, 2020 02:02 PM AEDT| By Kunal SawhneySyrah Resources Ltd (ASX:SYR), emerging supplier of superior quality graphite products, on Thursday announced its plans to raise A$56 million via fully underwritten placement to institutional and sophisticated investors. The company also said that .....
A new gold miner Aurumin Limited (ASX:AUN) marked 75% listing gain
December 10, 2020 01:08 PM AEDT| By Team Kalkine MediaOn 9 December 2020, a new gold miner Aurumin Limited (ASX:AUN) stepped into the listed Australian market. The share price listed on the exchange at A$0.35 compared to the issue price of A$0.2, giving a healthy gain of 75%. Image Source: Shutters.....
US Government Sues Facebook, Seeks its Breakup
December 10, 2020 12:08 PM AEDT| By Hina ChowdharyThe Federal Trade Commission (FTC) has sued Facebook on antitrust grounds. The investigation into the matter was conducted in coordination with the Attorney Generals of 46 states. They are alleging that the social media giant has engaged in a stra.....
Vale Output Shock, Chinese Demand- Thrust Iron Ore Prices to New highs
December 10, 2020 11:40 AM AEDT| By Team Kalkine MediaThe hottest commodity of the year 2020, i.e., iron ore is getting even hotter with prices climbing towards the all-time high. Iron ore future prices across China rose to RMB 993.00 per dry metric tonnes (as on 7 December 2020), just a unit down again...
Nestle SA subsidiary to Invest $550 Million For Pet Food Factory’s Expansion in Georgia
December 10, 2020 12:21 AM AEDT| By Team Kalkine MediaIn a move to meet the ever-growing demand for the company’s high-quality and healthy pet care brands, Nestle Purina PetCare, subsidiary of Nestle SA, has decided to invest $550 million for the expansion of its pet food production capa.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 08:33 PM AEDT| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 07:59 PM AEDT| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
Is Australia out of recession?
December 09, 2020 05:47 PM AEDT| By Edita Ivancevichink that almost a million unemployed people suggest the crisis is still not over. The Australian economy officially showed enough evidence that it has bounced back from recent recession figures by offering a 3.3 per cent increase in overall GDP...
Why is the Aussie film and TV industry soaring high?
December 09, 2020 05:18 PM AEDT| By Edita IvancevicAustralia working on international projects for Hollywood and streaming services. Australia seems to be turning out as a favourite spot for the film industries worldwide as the nation faces high demand for blockbuster locations, courtesy the fl....
Latest Bluetooth upgrade in the NZ COVID Tracer Application (version 3.0) to make contract tracing better
December 09, 2020 03:34 PM AEDT| By Team Kalkine MediaWith Christmas and New Year looming ahead, NZ is making constant efforts to suppress any coronavirus outbreaks in future. The Ministry of Health (NZ) has enhanced its contact tracking skills with the new upgrade in the application. The latest upgr.....
Confident December as Australian Consumer Sentiment Climbs to 10-Year High
December 09, 2020 03:10 PM AEDT| By Kunal SawhneyThe Westpac-Melbourne Institute Index of Consumer Sentiment marked a 10-year high after clocking 112 in December. The December figure reflects a 4.1% increase over the previous month. The index is now up 48% from the low in April 2020. .....
Australia Dollar Going Strong and Here’s Why
December 09, 2020 02:15 PM AEDT| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....
The controversial life of coal mining magnate Ivan Glasenberg
December 09, 2020 02:08 PM AEDT| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 09, 2020 01:53 PM AEDT| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 09, 2020 01:11 PM AEDT| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 11:44 PM AEDT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
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