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Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 08:47 PM AEDT| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
UK Car Production Plummets 18.2 Per Cent in October
November 26, 2020 08:16 PM AEDT| By Kunal SawhneyThe car production in the UK has fallen by 18.2 per cent in October as the coronavirus spread, and the frequent lockdowns continue to impact the market. According to the Society of Motor Manufacturers and Traders (SMMT), around 110,179 cars were ma.....
NZ posts record trade surplus as imports slump
November 26, 2020 04:16 PM AEDT| By Team Kalkine MediaNZ reported its biggest annual trade surplus in 28 years as coronavirus led to a severe drop in imports. The official numbers revealed that NZ recorded a surplus of $2.2 billion for the year ended October due to a 10% slump in imports during the time...
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Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
November 26, 2020 03:00 PM AEDT| By Team Kalkine MediaGerman media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval .....
Veris Limited (ASX:VRS) Bags Pipeline Contract From APA Group
November 26, 2020 02:53 PM AEDT| By Hina ChowdharyVeris Limited (ASX:VRS) has bagged a service contract from APA Group Limited (ASX:APA) for providing survey and associated services for the new Northern Goldfields Interconnect (NGI) pipeline in WA. The contract offered by APA comes under $460 milli...
APRA releases superannuation data for September 2020
November 26, 2020 01:40 PM AEDT| By Kunal SawhneyThe Australian Prudential Regulation Authority (APRA) has released the superannuation statistics for September 2020. Over the year to September 2020, the assets under super products fell 1.6% to $2,891.3 billion compared to $2,939.7 billion. From .....
Adrian Orr to discuss tax alterations with government in housing clash
November 26, 2020 01:19 PM AEDT| By Hina ChowdharyAdrian Orr Governor of RBNZ had welcomed the letter written by the Finance Minister Grant Robertson, which asked the central bank to consider house prices alongside inflation and employment while formulating the monetary policy. Mr Orr has respond.....
Lendlease (ASX:LLC) CFO to join Stockland (ASX:SGP) as MD and CEO
November 26, 2020 12:40 PM AEDT| By Kunal SawhneyOn 26th November, two real estate companies have announced a change in the top management. The Chief Financial Officer of global infrastructure group, Lendlease Group (ASX:LLC), MR Tarun Gupta will be leaving the company and taking charge as Managi.....
BoE Governor Warns A No-deal Brexit Would Cost More Than Covid-19
November 26, 2020 04:18 AM AEDT| By Kunal SawhneyThe UK could see a bigger economic slump than the coronavirus pandemic has caused if Britain decides to move ahead without a trade deal with the European Union (EU), Bank of England (BoE) Governor Andrew Bailey has cautioned. While addressing the .....
Sunak’s spending review 2020 at a glance
November 26, 2020 04:14 AM AEDT| By Team Kalkine MediaThe UK Chancellor Rishi Sunak released the public spending plan on Wednesday 24 November, setting out the government’s allocations to different services and departments. The review prioritised the nation’s response to Covid-19 w.....
How will a change in the Capital Gains Tax regime benefit the government
November 26, 2020 02:23 AM AEDT| By Kunal SawhneyThe United Kingdom could be moving into a new Capital Gains Tax regime where these taxes can double up from their current levels, according to the Office for Tax Simplification (OTS). UK Chancellor Rishi Sunak in July had asked the office to review.....
How prepared is the UK auto sector for a no-deal Brexit?
November 26, 2020 12:21 AM AEDT| By Hina ChowdharyWith Brexit negotiations reaching the final rounds, the UK automotive industry has recently submitted a petition for a zero-tariff trade deal. The call came after a new survey conducted by the Society of Motor Manufacturers and Traders (SMMT) stated...
NZ government approaches RBNZ to deal with skyrocketing housing prices
November 26, 2020 12:10 AM AEDT| By Kunal SawhneyNZ’s housing market is booming when the economy has suffered the biggest recession since the Great Depression (1929-1933), coronavirus causing border closure and rising unemployment. House prices have risen to record highs which were expected.....
All You Need to Know About the Crew-1 Mission Launch by NASA
November 26, 2020 12:10 AM AEDT| By Hina ChowdharyOn 15 November 2020, SpaceX Falcon 9 rocket and Crew Dragon spacecraft “Resilience” carrying four astronauts lifted off from the NASA’s Kennedy Space Center in Florida. The launch represents the beginning of a new era of human space...
Why is Australia losing international students?
November 25, 2020 08:40 PM AEDT| By Edita IvancevicAustralia seems to be losing a battle against competitor countries when it comes to tertiary education. While overseas universities are arranging arrivals and flights for thousands of students from across the world, Australia is left far behind. C.....
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Plexure (ASX:PX1) makes its debut on the ASX
November 25, 2020 05:50 PM AEDT| By Team Kalkine MediaThe New Zealand instituted mobile engagement platform, Plexure Group Limited (NZX:PX1), has now marked its presence on the ASX as its shares started trading at 11:00 AM AEDT on 25 November 2020. The company is trading under ticker ‘PX1’.....
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Is Canada’s Banking System Resilient After 8 Months Of COVID?
November 25, 2020 05:40 PM AEDT| By Team Kalkine MediaThe onset of the COVID‑19 pandemic earlier this year triggered major concerns among central banks all around the world. The outbreak of a pandemic at this level and subsequent governments measures to contain its spread would weigh down on countri...
Death Of Five Delivery Riders: What’s Ailing the Australian Food Industry?
November 25, 2020 04:57 PM AEDT| By Edita IvancevicAustralian news portals had been writing about the four deaths in the food delivery industry in the past couple of months which was alarming enough. Yet, that was not all as a fifth fatal bike crash was confirmed just two days ago in Sydney’s.....
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RBNZ confirms to reintroduce LVRs next year to keep a check on rising housing prices
November 25, 2020 03:55 PM AEDT| By Team Kalkine MediaLately, house prices have been soaring in NZ. RBNZ is being held liable for it, as the central bank continues to print money to pull the economy out of the COVID-19 induced recession. Finance Minister Grant Robertson had written to Adrian Orr, RBNZ...
JPMorgan red-flagged again, coughs up US$250 million as penalty
November 25, 2020 03:26 PM AEDT| By Team Kalkine MediaMultinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....
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