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GTI Resources Concludes Reach PL Acquisition
September 11, 2020 12:48 PM AEST| By Team Kalkine MediaAustralian-based company engaged in the exploration and evaluation of mineral and energy resources, GTI Resources Limited (ASX:GTR) has completed the acquisition of granted Prospecting Licence P40/1492 (Reach PL). The acquisition is pursuant to the C...
Cobalt Blue Releases Annual Report, Highlights Broken Hill Cobalt Project Significant Developments
September 11, 2020 12:44 PM AEST| By Team Kalkine MediaAustralian exploration and development company, Cobalt Blue Holdings Limited (ASX: COB) has released annual report for the financial year ended on 30 June 2020. During the year, the company progressed towards the commercial development of wholly owne...
Nearmap Completes $72.1 Million Institutional Placement
September 11, 2020 12:42 PM AEST| By Team Kalkine MediaNearmap Ltd (ASX: NEA) announced the successful completion of its institutional placement raising $72.1 million at an issue price of $2.77 per share, representing a 4.2% discount against its closing price of $2.89 (as on 9 September 2020). Some of t...
Freedom Foods Secures Deal with Lenders Regarding Financing Facilities
September 11, 2020 12:28 PM AEST| By Team Kalkine MediaFreedom Foods Group Limited (ASX:FNP) has secured the continuing assistance of its principal lenders along with majority shareholder. This ensures access to financial facilities while Freedom Foods undertakes a proposed recapitalisation. The Group...
Morrison Government Announces $50 Million Relief Package for Business Events Sector
September 11, 2020 12:26 PM AEST| By Team Kalkine MediaThe Federal government declares a $50 million package to assist in the revival of the $36 billion business events sector of Australia which came to a halt amid COVID-19. Some of the highlights include: Businesses will be persuaded to take part in...
Election 2020: Labour to bring a 39% tax rate for top income earners
September 11, 2020 04:37 AM AEST| By Team Kalkine MediaJacinda Ardern’s ruling labour party has proposed a new higher tax rate of 39% on income earned over $180,000 implying that only 2% of the taxpayers would in reality pay it, while others would keep paying taxes at the same rate as before. Th.....
What is Stellar?
September 11, 2020 04:31 AM AEST| By Edita IvancevicLaunched in 2015 by Ripple’s co-founder Jed McCaleb, Stellar is a decentralized network that offers sending, receiving, and trading money in any form of fiat or cryptocurrencies. DO READ: The Advent of Cryptocurrencies- Popular Cryptos in Fo.....
LVMH’s Acquisition of Tiffany Gets French Government’s Veto
September 10, 2020 11:22 PM AEST| By Team Kalkine MediaThe luxury jewellery and speciality retailer from the United States (US), Tiffany & Co. got a rude shock and took legal actions against LVMH, a French multinational company that specialises in luxury goods. The lawsuit followed the crucial deve.....
Will food prices rise if the UK divorces Brexit?
September 10, 2020 11:11 PM AEST| By Team Kalkine MediaIn case of a no deal Brexit, almost half of the goods and services being imported from the Europe could attract extra duties or levies beginning January 2021, including food. The UK government estimates had suggested that total value of border tari.....
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Market Update: S&P/ASX200 Marginally Up; Most of the Sectors Ended in Green
September 10, 2020 10:05 PM AEST| By Team Kalkine MediaAt the close of trading session on 10th September 2020, Australian benchmark index ended in green. S&P/ASX200 rose by 0.51% to 5908.5. All Ordinaries witnessed an increase of 31.1 points to 6090. Notably, the technology sector rose by 1.08% while...
Is the Boris Johnson Government Planning to Alter the Brexit Deal?
September 10, 2020 09:47 PM AEST| By Team Kalkine MediaThe Pulling out of the United Kingdom from the European Union is creating unforeseen complications for both for the UK as well as the EU. The latest controversy to hit both these economic blocs is a statement made by cabinet minister Brandon .....
CLINUVEL’s Share Price Up ~9%, What Pushed the ASX 200 Healthcare Stock north?
September 10, 2020 07:10 PM AEST| By Team Kalkine MediaSummary ASX 200 company CLINUVEL PHARMACEUTICALS LTD disclosed the progression of SCENESSE® (afamelanotide 16 mg) for the treatment of xeroderma pigmentosum. Following the announcement CLINUVEL share price skyrocketed, ending the session at.....
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Why is ASX retailer MYR down today?
September 10, 2020 06:57 PM AEST| By Team Kalkine MediaMyer Holdings released full-year number this morning for the period ended 25 July 2020. Retail print by the Australian Bureau of Statistics (ABS) indicated normalisation in the clothing and footwear market in July. The pandemic impacted this .....
Market Close Commentary; 10 September 2020
September 10, 2020 06:39 PM AEST| By Team Kalkine MediaAfter yesterday's horror trading session, today the Australian stock market has ended in the green zone and settled at 5908.5, up by 0.51 per cent as compared to yesterday's closing of 5878.6 points. The market remains volatile, and Australia contin...
NOVONIX Aims To Be A Tier 1 Global Supplier In Fast Growing Advanced Materials Market
September 10, 2020 04:44 PM AEST| By Team Kalkine MediaNOVONIX Limited (ASX:NVX) is a highly respected and ground-breaking battery testing company. It spun out of Dr Jeff Dahn’s lab at Dalhousie University in Nova Scotia. Currently, the team renowned as leaders in modern battery technologies, evi.....
General Motors goes aggressive on EV bet, takes 11% stake in Nikola
September 10, 2020 03:51 PM AEST| By Team Kalkine MediaSummary General Motors (GM) announces partnering with tech startup Nikola to produce electric-pickup vehicle model. Both companies’ share price rose substantially after the surprise announcement. GM is taking another critical step toward.....
How did Tesla achieve an 11% rebound after its worst day on record?
September 10, 2020 03:24 PM AEST| By Edita IvancevicSummary Tesla’s share price experienced an 11% rebound on Wednesday after a 21% fall on Tuesday, between a wider bounce back in the technology sector, reflected through Nasdaq Composite index ending the trading session, with a rise of 2.71.....
ASX Fintech Stocks- Afterpay and Zip Co Reverting to Mean Value
September 10, 2020 03:01 PM AEST| By Team Kalkine MediaSummary The global equity market is back in volatility with Nasdaq leading the pack, closer home ASX is also under heat taking cues from the global market. Many stocks that were till recently buzzing are correcting after a steep rally. Stocks .....
Greenland Minerals Reports 1H20 Results, Kvanefjeld Rare Earth Project Advancing Well
September 10, 2020 01:15 PM AEST| By Team Kalkine MediaGreenland Minerals Limited (ASX:GGG) is operating in Greenland with a focus on the Kvanefjeld rare earth project. Notably, the longer-term picture for rare earths remains extremely robust. GGG has reported its activities and financial report for the...
Lynas Corporation Completes Retail Entitlement Offer
September 10, 2020 01:14 PM AEST| By Team Kalkine MediaLynas Corporation Limited (ASX:LYC) has successfully completed the Retail Entitlement Offer through which the company raised nearly $114 million at $2.3 per new share. Some of the highlights include: About 7,697 applications for retail entitlement...
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