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News
RBA Deputy Guy Debelle All Praise for Policymakers’ Role in COVID-19 Recovery
October 22, 2020 04:24 PM AEDT| By Team Kalkine MediaSpeaking at FX Week Australia 2020, the RBA Deputy Governor Guy Debelle applauded the central banks and governments’ swift action against the COVID-19 crisis. Mr Debelle hailed the quick recovery in market conditions after sharp deterioration.....
PayPal throws its hat in the cryptocurrency ring, Bitcoin to become ubiquitous
October 22, 2020 03:32 PM AEDT| By Team Kalkine MediaOn 21st October, PayPal (NASDAQ:PYPL) announced its entrance into the cryptocurrency market, enabling its customers to transact bitcoins and other cryptocurrencies through their PayPal accounts. This represents the company’s vision to enable .....
Netflix Subscription Tepid, Is Binge watching on the wane?
October 22, 2020 03:08 PM AEDT| By Team Kalkine MediaNetflix released dismal earnings report for Q3 2020, falling short on its guidance for earnings per share. Besides, Netflix subscriber growth lowered considerably in the third quarter after its subscription skyrocketed in the first half of the year.....
TSX Loses 43 Points, Hudbay Minerals & First Quantum Top Performers
October 22, 2020 01:18 PM AEDT| By Team Kalkine MediaWeighed down by industrials, technology and energy stocks, the S&P/TSX Composite Index declined by 43 points or 0.26% to close at 16,230.23 on Wednesday. Academic and educational services, healthcare and basic materials were the top gaining secto...
Social Media Stocks Rally After Snap (NYSE: SNAP) Revenue Jump
October 22, 2020 07:06 AM AEDT| By Team Kalkine MediaSocial media stocks began rallying during market afterhours on Tuesday, October 20, following the release of Snap Inc’s (NYSE: SNAP) third quarter financial results, which reflected growth. Shares of other social media companies such as Faceb.....
PayPal (PYPL:US) to Soon Launch Cryptocurrency Service in US
October 22, 2020 04:46 AM AEDT| By Team Kalkine MediaPaypal’s cryptocurrency service will feature Bitcoin, Ethereum, Bitcoin Cash and Litecoin, directly within the PayPal digital wallet. Customers can pay for shopping and purchases from its network of 26 million retailers usi...
CN Rail (TSX:CNR) Q3 Results Post 11% YoY Decline In Revenues
October 22, 2020 04:44 AM AEDT| By Team Kalkine MediaThe revenue dropped due to decreased commodities volumes and applicable fuel surcharge rates because of the pandemic, said Canadian National Railway. Canada's largest railway, CN Rail has renounced the full-year guidance it had released wi...
TransLink CEO Kevin Desmond to Step Down in February 2021
October 22, 2020 04:03 AM AEDT| By Team Kalkine MediaKevin Desmond is stepping down after nearly five years in his role as the CEO of TransLink. He quits to seek new career challenges back home in the United States. The company is on lookout for a new CEO to take over the res...
Suncor Energy Inc (TSX: SU) Contemplates Sale of North Sea Oil and Gas Assets
October 22, 2020 04:03 AM AEDT| By Team Kalkine MediaSuncor Energy plans to divest the 30,000-barrel-a-day Golden Eagle Area on the UK side of the North Sea. According to media sources, its assets could be valued at approximately US$ 500 million. The compa...
TELUS (TSX:T) Ranked As Canada’s Top Global Workplace By Forbes
October 22, 2020 04:00 AM AEDT| By Team Kalkine MediaTELUS was ranked first among 25 Canadian companies and 40th among 750 global corporations in Forbes World’s Best Employers 2020 list. Celebrating the success, TELUS International president and CEO Jeff Puritt said the company is &ldq...
Canada’s Annual Inflation Rate Climbed 0.5% YoY In September, Says StatCan
October 22, 2020 03:59 AM AEDT| By Team Kalkine MediaThe acceleration in Canada’s annual inflation remained around 0.1 per cent year-over-year (YoY) in August and July. According to the Statistics Canada report, prices climbed for six out the eight major components of the consumer pric...
RBA Governor Philip Lowe Stares at Super Low Interest Rates
October 22, 2020 12:15 AM AEDT| By Team Kalkine MediaReserve Bank of Australia Governor Philip Lowe, in a speech, revealed that the bank was considering to further ease the interest rates. He said that the move would create a more massive effect when the economy gains back the momentum. .....
Coronavirus’ impact on global economy: Are US & China out of the woods?
October 22, 2020 12:12 AM AEDT| By Kunal SawhneyThe Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spre.....
Why did WeWork fall?
October 22, 2020 12:10 AM AEDT| By Edita IvancevicEveryone has heard of WeWork at some stage – maybe they applied for jobs, saw their vibrant offices and millennials that work there, or have heard about the WeWork job affair from the end of last year. With almost 800 offices across all cont.....
UK national borrowings grow as coronavirus support continues
October 21, 2020 11:02 PM AEDT| By Team Kalkine MediaPublic sector borrowings of the UK government were worth £36 billion during September 2020, according to the latest data from the Office for National Statistics. The corresponding value in September 2019 was £28 billion. It is the thir.....
Why is the Department of Justice filing an antitrust suit against Google?
October 21, 2020 10:09 PM AEDT| By Edita IvancevicAfter years of thorough investigations and one published research held by the House Judiciary Committee, an antitrust suit against Google (NYSE:GOOGL) has come through late at night local time on 19 October. The Department of Justice is currently .....
Gordon Brown Urges Govt To Pay Subsidy to Employers for Hiring Workers Under 25
October 21, 2020 09:28 PM AEDT| By Team Kalkine MediaFormer Prime Minister Gordon Brown, who led the country during the financial crisis of late 2000, has urged the government to provide employers a subsidy of £100 a week to recruit workers below the age of 25. Amid the pandemic, unemplo.....
How is the Banking Sector dealing with Climate Change Related Systemic Risks?
October 21, 2020 08:02 PM AEDT| By Team Kalkine MediaBanks are under regulatory and economic pressure to safeguard themselves from the effects of climate change. In the months ahead, banking authorities around the world are now reinforcing new climate risk management guidelines and are preparing to i.....
General Motors Resurrects Hummer As a 350 Miles EV Avatar, Goes Head-on with Tesla’s Cybertruck
October 21, 2020 05:55 PM AEDT| By Team Kalkine MediaGeneral Motors is all set to hit the EV market once again with its recent launch of Hummer EV – a progeny of gas-guzzling military-style SUV that the Company acquired in 1998. General Motors would now bring-in a new prototype of the beast mod.....
At E-Commerce Summit, Scott Morrison eyes a digital decade for Australia
October 21, 2020 05:25 PM AEDT| By Team Kalkine MediaPrime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit at Parliament House in Canberra, he highlighted the adoption of digital technologies by businesses a...
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