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BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms
November 27, 2020 11:39 PM AEDT| By Kunal SawhneySpain’s Banco De Sabadell and BBVA have put their merger on hold following disagreements on the financial terms of the deal. It was one of the major deals in the banking sector in the EU this year. The markets have not taken this news well, f.....
As China raises tariffs, Australian wine industry may feel the heat
November 27, 2020 09:08 PM AEDT| By Edita IvancevicThe Chinese government has introduced new taxes for the Australian wines, putting a high risk to the A$1.2 billion annual business. The new tariffs will be effective from tomorrow. The news came after China’s drink industry accused Australia.....
Royal Bank of Scotland Warns Online Selling Scams Could Peak on Black Friday
November 27, 2020 08:47 PM AEDT| By Team Kalkine MediaWith the increase in online commerce in the last few months of pandemic, the frauds and scams are on the rise in the country. Several banks have been receiving complaints from their customers that they have bought and pre-paid for a product online .....
CMA To Restrict Powers of US Tech Giants Google and Facebook in the UK
November 27, 2020 07:01 PM AEDT| By Hina ChowdharyIn a bid to bring a level playing field for smaller firms and curb the unfair market for consumers, the UK is going to impose a new competition regime in 2021 that will restrict the power of the tech giants such as Google and Facebook. The new cod.....
Vestas, Global Power Score A 328 MW Deal for 2 Wind Projects
November 27, 2020 06:59 PM AEDT| By Kunal SawhneyVestas has joined hands with Global Power Generation to sign a 328 MW deal for two wind projects in Victoria, Australia. Image Source: © Kalkine Group 2020 Vestas is the worldwide partner for energy industry on sustainable energy solutions.....
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What is Amazon Pharmacy, and could it work in Australia?
November 27, 2020 06:28 PM AEDT| By Edita IvancevicRetail titan Amazon (NASDAQ:AMZN) launched a new project earlier this month that could provide the company with a multi-billion dollars opportunity – Amazon Pharmacy. An expert suggested that the opportunity could be even more significant, wo.....
UK to replace RPI with CPIH as a measure of inflation from 2030
November 27, 2020 05:55 PM AEDT| By Kunal SawhneyBritain has finally decided to bring in a major reform in its financial system. It has been decided that the Retail Price Index, an inflation measure that has been in use in the country since 1947, will finally be replaced with the Consumer Price...
Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod
November 27, 2020 05:29 PM AEDT| By Edita IvancevicCurrent US President Donald Trump said in a recent interview that he would peacefully leave the White House if president-elect Joe Biden gets voted for by the Electoral College. Mr Trump had not previously admitted anything related to his defeat i.....
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Australia’s Treasury Wine takes a spill as China imposes tariffs
November 27, 2020 05:19 PM AEDT| By Hina ChowdharyTreasury Wine Estates Limited (ASX:TWE) has requested the exchanges for a trading halt today over the provisional anti-dumping measures imposed by China on Australian wine imports. The Company is currently reviewing the details of the provisional ant...
Say Cheese! Bega Cheese (ASX:BGA) shares rise on Lion Dairy acquisition
November 27, 2020 04:17 PM AEDT| By Team Kalkine MediaBega Cheese Limited (ASX:BGA) has completed the placement and the institutional entitlement offer components of its capital raising program, which was partly announced to fund the acquisition of Lion Dairy & Drinks Pty Ltd. Image Sourc.....
Earthquake forces Bunnings to close Mt Roskill warehouse
November 27, 2020 03:23 PM AEDT| By Team Kalkine MediaNovember has seen full earthquakes in New Zealand as the country felt ten quakes over 5.0 magnitude and many small quakes of below 5.0 magnitude. On 27 November 2020, an earthquake with a magnitude of 4.9 was recorded during the early hours .....
NZ trade surplus Highest in ~3 decades as Imports Plunge down
November 27, 2020 02:53 PM AEDT| By Team Kalkine MediaNew Zealand’s trade surplus data for the year ended October 2020 has shown a surplus of NZD 2.2 billion, a figure not seen since 1992. This came as imports declined due to the pandemic related restrictions. Increase in exports over the course.....
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Financial Review Young Rich List: Zoë Foster Blake makes her debut
November 27, 2020 02:49 PM AEDT| By Team Kalkine MediaAustralian Financial Review has released the list of young entrepreneurs below 40 years. Interestingly, the top five young entrepreneurs are from the technology sector. Let us look at the top five wealthiest young entrepreneurs in Australia are: .....
Proposed NSW Property Tax Regime: Stamp Duty Dilemma
November 27, 2020 02:17 PM AEDT| By Kunal SawhneyNew South Wales treasurer Dominic Perrottet recently announced the proposal to move towards a new property tax regime. This regime would allow taxpayers to choose between paying a lump sum stamp duty while purchasing a property or paying an annual .....
Sovereign Hill Launches 20-Year Master Plan to Celebrate Golden Jubilee
November 27, 2020 02:09 PM AEDT| By Team Kalkine MediaThe open-air museum in Golden Point and the historical landmark, Sovereign Hill, has unveiled a master plan for the next two decades. The 20-year Master Plan includes four phases to be delivered between 2021 and 2030. Gold will continue to play a cr...
NZ wine exports growth trajectory persists, touches NZD 2 billion mark
November 27, 2020 02:01 PM AEDT| By Team Kalkine MediaRecently, for the first time, New Zealand wine exports value has touched NZD 2 billion mark. New Zealand Winegrowers, ten years back when the export value was NZD 1.04 billion, had set out the goal to double the export value to achieve NZD 2 billio.....
Victoria Emerges as the Warrior Against Corona War
November 27, 2020 01:38 PM AEDT| By Team Kalkine MediaVictoria seems to have emerged from the disastrous second coronavirus wave. The state has recorded no new coronavirus cases for the 28th consecutive day. According to the epidemiologists, Victoria has met the official definition of COVID-19 eradic.....
US online real estate player Compass plans to go public
November 27, 2020 01:35 PM AEDT| By Hina ChowdharyCompass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and.....
Covid Christmas rules: how will they impact British hospitality and retail?
November 26, 2020 09:37 PM AEDT| By Kunal SawhneyPrime Minister Boris Johnson has allowed families to mix up and celebrate the festive period during 23 to 27 December in the form of what he called a ‘Christmas bubble’. Up to three households are allowed to meet each other and .....
Covid-19: Inadequate Supply of PPE Cost Taxpayers Extra £10billion
November 26, 2020 09:29 PM AEDT| By Hina ChowdharyThe United Kingdom has spent a whopping £10 billion more for personal protective equipment (PPE) kits because of a heightened global demand and its failure to procure and stockpile before the pandemic, a report published by the National Audit.....
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