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Superloans warned by the Commerce Commission over possible lending infringements
December 03, 2020 06:25 PM AEDT| By Team Kalkine MediaSuperloans, a former high-cost lender has been cautioned by the Commerce Commission over a possible failure to adhere to its responsible lending commitments after an investigation subsequent to several complaints from consumers, as well as budget a.....
British factories record fastest growth in 3 years
December 03, 2020 06:24 PM AEDT| By Kunal SawhneyThe UK Manufacturing Purchasing Managers’ Index (PMI) climbed to 55.6 in November, up from 53.7 in October, bringing cheer for the sector. However, the downturn in employment for the sector continued for the tenth consecutive month, revealed .....
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NAB Online Retail Sales Index contracts 0.7% in October
December 03, 2020 05:43 PM AEDT| By Hina ChowdharyNational Australia Bank Limited (ASX:NAB) Online Retail Sales Index contracted in the month of October following strong growth in the previous four months. The index shrank 0.7 per cent in October against a growth of 1.2 per cent in September, on a.....
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VanEck introduces two new corporate bond ETFs based on Moody’s Analytics credit model
December 03, 2020 04:45 PM AEDT| By Team Kalkine MediaOn 02 December 2020, VanEck launched two new corporate bond ETFs that are intended to provide investors with new essential tools to improve their investment-grade bond exposures. The two new corporate bond ETFs, VanEck Vectors® Moody’s Anal...
Zespri collaborates with Crown Research to create new types of kiwifruit
December 03, 2020 02:25 PM AEDT| By Team Kalkine MediaNZ based Zespri International is a world leader in kiwifruit sales. The Company is in plans to create a Kiwifruit Breeding Centre in collaboration with Crown research institute Plant & Food Research (PFR). Image Source: Shutterstock As per .....
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Earlier vaccine rollout to rev up Australian recovery
December 03, 2020 02:02 PM AEDT| By Hina ChowdharyThe Australian economy has managed to fare well in this stressful time by coming out of its first recession in nearly 30 years. With a GDP growth rate of 3.3% in the third quarter, Australia has started on its journey towards economic recovery. Tre.....
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 03, 2020 01:44 PM AEDT| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
Tesla's EV strategy to churn out quality automobile amid global competition
December 03, 2020 01:07 PM AEDT| By Hina ChowdharyThe year 2020 will be known for the EV revolution apart from being known as an unmatched year due to COVID-19. Tesla stock has risen by about 600% since December last year, rising way ahead from estimates of various analysts and price targets. The.....
Why are shark attacks rising in Australia?
December 03, 2020 12:19 PM AEDT| By Edita IvancevicThis year has not only been strange due to the coronavirus pandemic but also because of most shark attack-related deaths in the modern age. So far this year, eight deaths have been caused by these sea creatures, the last one reported on 22 Novembe.....
Canada’s GDP Grew 8.9% In Q3 2020: What It Means For Economy?
December 03, 2020 01:56 AM AEDT| By Kunal SawhneyCanada’s real gross domestic product (GDP) increased by about 8.9 per cent in the third quarter of 2020, reported Statistics Canada. This growth comes after a decline of 11.3 per cent in the second quarter and that of 1.9 per cent the.....
Tier-Based System Goes Live, Boris Faces Tory Rebellion
December 03, 2020 01:43 AM AEDT| By Hina ChowdharyThe tier-based lockdown plans proposed by the British Government have finally received the approval from the parliamentarians in the House of Commons on 1 December. The new rules, which were implemented from 2 December, were supported by 291 votes .....
Canada’s New Spending Plan & C$381B Budget Deficit: How Did It Impact Stock Markets?
December 02, 2020 07:50 PM AEDT| By Team Kalkine MediaThe Canadian government published the much-awaited Fall Economic Statement on Monday, November 30, updating its spending plans and COVID-related emergency support measures. The document projected that Canada’s budget deficit could reac.....
This is how Travis Scott is making his millions
December 02, 2020 07:24 PM AEDT| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 06:53 PM AEDT| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
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Why is RBA keeping interest rates at a record-low?
December 02, 2020 05:03 PM AEDT| By Edita IvancevicThe Reserve Bank of Australia (RBA) has agreed to retain the record-breaking low interests rates at 0.1 per cent for the remaining weeks of this year. However, the RBA did warn about a slow recovery caused by the coronavirus pandemic. On a Melbour.....
NZ dairy farmers can rejoice as dairy auction prices jump by 4.3 per cent
December 02, 2020 03:37 PM AEDT| By Team Kalkine MediaAs per the latest Global Dairy Trade data, change in GDT price index from the previous event was up by 4.3%. The total number of bidders that participated in the trading event was 178, and the total sold quantity stood at 32,062. Image source: S.....
Lower South Island bearing the brunt of pandemic with rising unemployment
December 02, 2020 02:44 PM AEDT| By Team Kalkine MediaThe effects of the pandemic induced tightening have been felt severely by the lower South Island as unemployment rose in the region. The number of people availing JobSeeker benefits in the area has increased considerably. Queenstown Lakes, which i.....
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Australian economy returns to growth in September quarter
December 02, 2020 02:21 PM AEDT| By Hina ChowdharyThe Australian economy bounced out of recession as the economy expanded by 3.3 per cent in the September quarter. The gross domestic product (GDP) growth had contracted 7 per cent in the June quarter, the worst in Australian Bureau of Statistics (A.....
BHP inks deal with Shell to power LNG carriers
December 02, 2020 02:07 PM AEDT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
Lynas (ASX:LYC) Scales Another All-time High, What You Need to Know?
December 02, 2020 01:59 PM AEDT| By Team Kalkine MediaLynas Rare Earths Limited (ASX:LYC) or formerly known as Lynas Corporation Limited has climbed the ASX price ladder swiftly with the stock now reaching a new all-time high of $3.870 (as on 2 December 2020 12:36 PM AEDT). Lynas has been on a continuo...
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