News

First in the league: Australia's Green Bond Fund in Ethical Investment Market
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Clean Energy Finance Corporation (CEFC) has pledged to put in at least $70 million to a fund of green bonds that are first of a kind in Australia. The practice of adopting ESG framework has been rising while making any investment decisi.....

Ora Banda Completes Bookbuild for Capital Raising, Looks Forward to Collectively Raising $55 Million
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Ora Banda Mining has completed bookbuild for the capital raising of $51.7 million. OBM has received substantial support from existing as well as new domestic and international investors. OBM has plans to recommence the production at Da.....

Why Did the Share Price of Global Health and eSense-Lab Rise ~20%?
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary While the benchmark index ended almost flat, two healthcare small cap stocks ended substantially higher. Australian healthcare software provider Global Health Limited signed a 3-year contract with Peninsula Health. Post the announcement.....

IMDEX Acquires AusSpec, Adding Another Important Component, Mineralogy in Technology Stack
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Leading Mining-Tech company, IMDEX has acquired AusSpec, a provider of spectral mineralogy through its unique industry leading low-touch SaaS product, aiSIRIS IMDEX’s technology stack addresses three components of rock knowledge &.....

BPH’s Investee Advent Reports Another Set of Significant Findings from PEP 11 Literature Review
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary BPH’s investee Advent has identified another crucial report from PEP 11 literature review, that was prepared by Ampolex Limited. Ampolex report has highlighted that the Baleen South Lead was one of their major targets, and the pri.....

Are the tides turning against Chinese tech companies?
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Many economies such as the US, UK, India, Canada, are now singing the same tune and turning the tide against Chinese vendors by excluding them or at least taking them out from their core 5G network. The U.S. FCC deems Huawei and ZT.....

Qantas Frequent Flyer Teams up with Afterpay to earn Qantas Points with BNPL Platform
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary With the easing of domestic travel restrictions, the Australian government has provided domestic passenger travel guidelines to reduce the risk of COVID-19. Qantas Airways reopened its domestic lounges and implemented protocols to preve.....
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How are the Unicorns doing?
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Crunchbase’s unicorn list has added 44 new entities within a year which were valued cumulatively at US$64 billion and have raised US$12 billion cumulative funding with an average deal of US$300 million. Unicorn companies are the m.....

Housing values fall and auction rates go lower as pandemic fears hang around
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary As per the latest report, auction volumes have dropped, and clearance rates have stayed bleak due to rising coronavirus cases, and school holidays that have drawn upon the housing market. A preliminary clearance rate of 65.1% was record.....

Understanding the Performance of Markets on 6th July 2020.
July 06, 2020 08:42 PM AEST| By Team Kalkine MediaOn 6th July 2020, the equity market of Australia ended in red, and the benchmark index S&P/ASX200 went down by 43.3 points to 6014.6. The index has gained 3.43% during the last five days. S&P/ASX 200 Materials (Sector) experienced a fall of 1...
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Market Update: Understanding the Performance of Markets on 6th July 2020
July 06, 2020 08:38 PM AEST| By Team Kalkine MediaOn 6th July 2020, the equity market of Australia ended in red, and the benchmark index S&P/ASX200 went down by 43.3 points to 6014.6. The index has gained 3.43% during the last five days. S&P/ASX 200 Materials (Sector) experienced a fall of 1...

Oil prospects: current economic milieu and path to recovery
July 06, 2020 08:10 PM AEST| By Hina ChowdharyThe connection between oil prices movement and economic performance is too profound. According to the IMF, a deeper global recession is expected with output to shrink by 4.9% in 2020 than the 3% contraction predicted in April. As new cases are emer.....

Latest on the US jobs report, US WTI oil futures and indices across the Globe
July 06, 2020 07:31 PM AEST| By Kunal SawhneyThe US stocks rallied on 2 July post June employment report reflected that employers in the US added a record 4.8 million jobs in May, much more than anticipated, reassuring investors that economy was on the path of recovery from coronavirus induce.....

lululemon pays half a billion for MIRROR
July 06, 2020 07:11 PM AEST| By Kunal Sawhneylululemon athletica inc., a healthy lifestyle inspired athletic apparel company, has reached a deal to acquire exercise hardware start-up MIRROR. In the last decade, apparel retailers faced distress, leading to closure of many stores, bankruptcies.....

Amazon's Jeff Bezos sets a new record as world's richest person, with net worth above $171 billion
July 06, 2020 05:03 PM AEST| By Team Kalkine MediaAs large and popular as Amazon.com, Inc. is today, it is difficult to imagine that it all started from a garage. Presently, on revenue front, Amazon is the major e-commerce entity worldwide, or rather, we should address it as an internet behemoth......

Pain in the Game: Qantas Over JobKeeper Scheme
July 06, 2020 04:35 PM AEST| By Team Kalkine MediaSince the beginning of coronavirus crisis, we have heard a lot about Virgin Australia Holdings Limited (ASX:VAH), which saw its worse during the unprecedented crisis and went into voluntary administration. Not only the Australia.....

Stocks under the Scanner: MQG, JHG, PDL, PPT, MGG
July 06, 2020 02:45 PM AEST| By Team Kalkine MediaThe Australian ASX 200 index comprises of 11 sectors with the financial sector having the biggest share in it. According to the S&P Dow Jones Indices, the financial sector contributes 27.3% to the overall index (As on 30 June 2020). The breakdo.....

Four Reasons Banks are still Investors’ Good Friends
July 06, 2020 02:30 PM AEST| By Team Kalkine MediaAustralian major banking stocks are trading in negative territory at the start of the week amidst rise in the cases in Victoria and looming threat of the second infection wave. The financial positioning and performance of key banks remained under .....

What is Latest in the Australian Automotive Industry?
July 06, 2020 01:43 PM AEST| By Team Kalkine MediaThe health minister Matt Hancock said that the UK will be able to start its vaccination drive next month before Christmas. Bulk of the rollout will begin by the next year’s beginning with life returning to normal after Easter, he added. The .....

Budget deficit reaches $65 billion; Can Australia afford to extend subsidies?
July 06, 2020 01:30 PM AEST| By Team Kalkine MediaAustralia’s budget deficit has swollen to $65 billion, eleven months into the financial year with revenues falling and spending hitting the roof amid coronavirus pandemic. As per the monthly financial statement released by the Finance Ministe.....

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