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Everything you need to know about the newly proposed Media Legislation in Australia
September 05, 2020 12:05 AM AEST| By Edita IvancevicAustralian Competition and Consumer Commission (ACCC) had been urged to create a new set of rules that would regulate the news distribution on digital platforms, particularly Google and Facebook. Earlier on 20 April, the government had notified th.....
How is the US Election Race Faring? Does it impact your portfolio?
September 05, 2020 12:00 AM AEST| By Team Kalkine MediaThe US Presidential election is just two months away from now and all eyes are set on its outcome, which will have an impact all around the world. Just as the race between the Democratic nominee, Joe Biden and Republican nominee, President Donald T.....
Housing Sales And Prices Rising, But Can They Be Sustained?
September 04, 2020 11:11 PM AEST| By Team Kalkine MediaThe UK based largest online property website Rightmove has noticed a surge in consumer demand for residential property as a result of the stamp duty holiday announced by the UK government. The property portal said that it analysed sales of around 2.....
ASX Reported a Massive Sell-Off due to Drop in Wall Street Index; Tech Sector slipped ~5.6%
September 04, 2020 11:00 PM AEST| By Kunal SawhneySummary Tech-led plunge on Wall Street had an adverse impact on the ASX by the end of the trading session on 04 September 2020. The technology sector was the worst performer with S&P/ASX 200 Information Technology dropping 157.2 points or 5......
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Market Update: S&P/ASX200 Settled Below 6000: What Investors Need to Know?
September 04, 2020 10:00 PM AEST| By Team Kalkine MediaOn 4th September 2020, Australian equity market ended in red, and the benchmark index S&P/ASX200 plunged by 3.06% to 5925.5. S&P/ASX 200 Information Technology (Sector) fell by 5.59% to 1,735.8. S&P/ASX 200 Financials (Sector) witnessed a...
Will the furlough scheme end in October and what could be its impact?
September 04, 2020 09:36 PM AEST| By Team Kalkine MediaThe government has reiterated that it does not intend to extend the furlough scheme beyond 31 October 2020. From the start of September 2020, the companies using the scheme are required to contribute 10 per cent towards their staff salary. Si.....
COVID-triggered ‘She-cession’ Causes Hard Financial Times For Canadian Women
September 04, 2020 08:10 PM AEST| By Team Kalkine MediaThe COVID-19 pandemic has hit one and all in some way or another. However, statistics from various surveys show that women have been more exposed to the social and financial hurdles brought on by the pandemic than men. From loss of employment, unpa.....
How can Australia be impacted by China’s ban on Australia’s biggest grain exporter?
September 04, 2020 07:49 PM AEST| By Team Kalkine MediaAustralian exporters can strongly feel the heat of the bilateral tensions as China continues to intimidate the trade scenario by levying obstacles and restrictions. Adding a fresh dose of worries, China has suspended the barley imports from Co-oper.....
Market Close Commentary; 4 September 2020
September 04, 2020 06:27 PM AEST| By Team Kalkine MediaThe benchmark index S&P/ASX200 plunged today by 3.06 per cent following a miserable trading session in Wall Street yesterday. The Australian stock market settled at 5925.5 as compared to Thursday's closure of 6112.6. The market is closed for the...
ASX 200 Blue-chips BHP, CSL, Commonwealth, Westpac Share Prices See Deep Gash
September 04, 2020 06:19 PM AEST| By Team Kalkine MediaSummary The Australian markets took a tumble with the benchmark index S&P/ASX200 falling ~3% to hit a one month low. BHP’s FY20 Underlying EBITDA reported at US$22.1 billion dropped by 5%, revenue down by 3%. Cash NPAT of Commonwealt.....
Mexican Government Plans to Boost The Energy Sector Unlikely To See New Production
September 04, 2020 05:57 PM AEST| By Team Kalkine MediaThe Mexican government’s plan to boost the energy sector would not be likely to include any new exploration or production projects – oil sector trade group. A possible infrastructure investment plan from Andres Manuel Lopez Obrador has...
U.S. Refineries Under Dilemma Over Rising Gasoline Demand
September 04, 2020 05:56 PM AEST| By Team Kalkine MediaThe United States refineries are glued between meeting the surging demand for gasoline and the supply glut for diesel and jet fuel markets. The COVID-19 outbreak has taken demand toll on jet fuels and diesel on the global front prompting many refi...
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Fortescue Leaps Toward Green Industrial Operations, Signs DoA With PNG Government
September 04, 2020 04:45 PM AEST| By Team Kalkine MediaSummary FMG is once again breaking the headlines with its recent leap towards the renewable energy front. The Company inked a Deed of Agreement with PNG Government to investigate the feasibility of potential projects for the development of PNG&.....
Australia in recession for the first time in Three Decades; Are There Any Emerging Green Shoots?
September 04, 2020 04:04 PM AEST| By Edita IvancevicAustralia has officially entered a financial recession due to the impact of the coronavirus pandemic. The prosperity had lasted for almost 30 years, one of the longest prosperous periods for any nation. Australian Bureau of Statistics (ABS) report.....
Why NASDAQ Composite index plunged 5%?
September 04, 2020 03:19 PM AEST| By Edita IvancevicSummary On 3 September 2020, the Nasdaq Composite lost 5% of the profit, with the S&P 500 and the Dow indices following the similar poor situation. With this backlash, The Wall Street share market has faced the worst drop in shares since Ju.....
Three Key Trends Defining Travel Sector’s Recovery from COVID-19 Storm
September 04, 2020 03:11 PM AEST| By Team Kalkine MediaNo doubt, COVID-19-induced restrictions initially smashed the thriving NZ travel industry amid stringent lockdown restrictions and overseas travel bans. However, some optimistic trends that appear to hit the ground running deserve closer attention .....
Podium Mineral Confirms Drill targets in fresh 1.2km extension of Parks Reef
September 04, 2020 02:32 PM AEST| By Team Kalkine MediaPodium Minerals Limited (ASX:POD) has identified anomalous platinum, palladium, gold and copper in rock chip samples that were gathered from the western extension of the Parks Reef PGM Project. This has been identified through the completion of initi...
S&P Dow Jones Announces Quarterly Rebalance; Z1P Makes Its Way into ASX200 While SZL And SPT Into Tech Index
September 04, 2020 01:57 PM AEST| By Team Kalkine MediaS&P Dow Jones Indices has updated on the changes made in the S&P/ASX Indices. The changes would be effective at the open of trading on 21 September 2020. In the quarterly rebalance, Zip Co Limited (ASX:Z1P) has been included in the S&P/A...
Fortescue Metals Approved To Expand The Material Handling Capacity of Its Herb Elliott Port Facility
September 04, 2020 01:57 PM AEST| By Team Kalkine MediaFortescue Metals Group Ltd (ASX:FMG) has been approved to expand the material handling capability of its Herb Elliott Port facility. The capacity has now increased from 175 million tonnes per annum (mtpa) to 210 mtpa phase wise. The approval was gran...
Founder Richard White trims his stakes in ASX200 company WiseTech, should investors worry?
September 04, 2020 01:27 PM AEST| By Team Kalkine MediaSummary WiseTech’s Founder and CEO, Richard White, gained almost AU$9,959,109 on 3 September 2020 by selling his 175,511 direct shares and173,993 indirect shares at an average per-share price of AU$49 and AU$28.50, respectively via series .....
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