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Robust ad revenue powers Facebook to 48% topline growth
April 29, 2021 01:32 PM AEST| By Furquan MoharkanSocial media behemoth Facebook Inc (NASDAQ:FB) saw a robust topline growth in Q3, owing to massive surge in the advertising revenues. The world’s largest social media company saw its revenues surging by 48% to US$26.17 billion in the quarter.....
Why New Zealand registered trade surplus of $33 million for March 2021
April 29, 2021 01:03 PM AEST| By Team Kalkine MediaLatest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March. Trade balance shows the difference between a country’s exports and imports in a particular period of time. When a country's exp...
US Fed maintains status quo on interest rate, bond purchases
April 29, 2021 12:49 PM AEST| By Furquan MoharkanThe American central bank, the US Federal Reserve (Fed), on Wednesday, maintained the interest rates near zero as part of its easy monetary policy, despite anticipating economic acceleration and higher inflation. The 11 members in the board of gov.....
CDC Asks Vaccinated Americans to Do Away With Masks. Is It Too Early A Decision?
April 29, 2021 12:01 PM AEST| By ManikaSummary CDC announced Wednesday that Americans didn’t need to mask up if they were fully vaccinated. CDC qualified that if going in large gatherings, masks might be needed. Does this guidance signals America’s return to normalcy. .....
Westpac Banking Corporation (ASX:WBC) Bumps Up Fixed Mortgage Rates
April 29, 2021 11:50 AM AEST| By Team Kalkine MediaSummary Westpac has announced it is increasing its four as well as five-year fixed rates by 0.30 per cent for home loans. Westpac joins other banks such as The Commonwealth Bank of Australia that has also increased its fixed-term loan rates. T.....
Will supply-demand imbalance continue as asking prices for NZ homes cross $8K mark?
April 29, 2021 11:29 AM AEST| By Team Kalkine MediaSummary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose 26%, while supply fell 9% in NZ in the month. House prices may be stable or can fall over this ye.....
Apple net profits double in Q2
April 29, 2021 11:11 AM AEST| By Furquan MoharkanWorld’s largest technology company by market capitalisation, Apple Inc (NASDAQ:AAPL), reported doubling of its net profits in first quarter of the financial year 2021. Apple reported net profit of US$23.63 billion in the quarter ended March .....
From Free Education To Tax Cuts: An Insight Into Biden’s New Family Plan
April 29, 2021 07:36 AM AEST| By Team Kalkine MediaSummary The American Family Plans consist of US$1 trillion in investments and US$800 billion in tax cuts. Biden’s plan will provide more money to the middle class families for better education and child care. The administration proposes .....
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Ethereum Soars To Record High. Here’s What Caused Its Rise
April 28, 2021 11:42 PM AEST| By AnujSummary Ethereum, the world’s second biggest crypto asset, set a record peak of US$ 2,718.6 per token during Asian markets’ trading hours on Wednesday, April 28. The surge came in the wake of reports on European Investment Bank&rsqu.....
HSBC Holdings PLC Prices Continue to Surge, A New High on Cards?
April 28, 2021 06:58 PM AEST| By Team Kalkine MediaSummary HSBC Holdings PLC gained 4.18% percent in the last trading session and holding the key support level. The stock has broken a rising wedge pattern on the daily chart and getting major support from the 50-period simple moving average (SMA.....
Latest ABA Figures Show Significant Fall in Bank Loan Deferrals
April 28, 2021 06:46 PM AEST| By Team Kalkine MediaSummary As per the ABA data, home loan deferrals have fallen substantially from 468,786 to 3,170 with the big four banks and Suncorp. Business loan deferrals have also fallen steeply with 508 on hold by 31 March 2021. Customers still strugglin.....
Deutsche Bank logs best quarterly show in 28 quarters
April 28, 2021 06:30 PM AEST| By Furquan MoharkanSummary Deutsche Bank reports net profit of EUR908 million – best in 7 years Investment banking propels 14% growth in the revenues Lesser expenses, provisions help the bank Following in the footsteps of its Wall Street peers, German.....
Will Australia’s Housing Prices Take a Breather Anytime Soon?
April 28, 2021 03:22 PM AEST| By Team Kalkine MediaSummary Housing prices are expected to show signs of a slowdown after showing accelerated growth over the past few months. What started with an impetus from record low interest rates has snowballed into high amounts of debt alongside mortgage f.....
Mixed bag for APAC markets on Australia, Japan macros
April 28, 2021 03:06 PM AEST| By Furquan MoharkanSummary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSCI APAC is down 33 bps The Asia Pacific (APAC) stocks were a mixed bag on Wednesday as investo.....
Bitcoin regains lost ground on reports of JPMorgan fund
April 28, 2021 01:15 PM AEST| By Team Kalkine MediaBitcoin (BTC), the most popular cryptocurrency, extended gain on Tuesday as investors took opportunity of the last week’s dip in prices to pile up their digital currency assets. The price of bitcoin climbed as high as US$55,514 in the past 2.....
RBNZ To Advise Government on Debt-to-Interest Ratios By May End
April 28, 2021 01:11 PM AEST| By RomaSummary The RBNZ is set to make announcements on DTI restrictions and interest-only loans in late May. The government was expected to make an announcement in this regard in its May 5 Report. The government urged the RBNZ to keep in mind housin.....
COVID-19 onslaught at its peak: India marks its deadliest day of pandemic
April 28, 2021 01:00 PM AEST| By Furquan MoharkanThe concerns over have increased manifolds, as the world’s second most populous country – India – marked its deadliest day since the onset of the pandemic. There seemed to be no let-up in the unrelenting onslaught of COVID-19 as .....
NZ Extends Helping Hand to India Amid COVID-19 crisis
April 28, 2021 12:34 PM AEST| By Team Kalkine MediaSummary India is experiencing a harrowing crisis due to COVID-19 with record infections and deaths. The NZ Government assures all possible help to its Indian counterpart. Kiwi players praise the tight bio-secure bubble of the IPL franchises, d.....
Unemployment Numbers Could Increase by ~150K after the end of JobKeeper
April 28, 2021 12:07 PM AEST| By Team Kalkine MediaSummary Approximately 150,000 more people could be looking for work following the rollback of end of JobKeeper. As of April, the standard JobSeeker payment has fallen from AU$715.70 to AU$620.80 per fortnight for single people and from AU$660.8.....
Google shares surge on buyback worth US$50 billion
April 28, 2021 11:46 AM AEST| By Furquan MoharkanSummary Google’s shares have surged by 450 bps in the afterhours of trade. The rally has been triggered by a massive buyback. Alphabet Inc has announced blockbuster quarterly results The shares of technology giant Alphabet Inc (NASD.....
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