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News
Market Update: Understanding the Performance of Markets on 22nd July 2020
July 22, 2020 09:01 PM AEST| By Team Kalkine MediaOn 22nd July 2020, the equity market of Australia ended in red, and S&P/ASX200 settled at 6075.1 with a fall of 81.2 points. Most of the sectors on ASX ended in red such as S&P/ASX 200 Consumer Staples (Sector), which moved down by 146.8 poin...
June Retail Sales – 3 Key Trends
July 22, 2020 08:01 PM AEST| By Team Kalkine MediaSummary June retail sales growth was lower compared to a significant rise in the previous month, but the sales turnover was up over 8% compared to the same period last year. There have been two consecutive month sales growth in categories like .....
Iron Ore Price Rally Tail Winds Aid BHP Group Post Strong Performance in FY20
July 22, 2020 07:50 PM AEST| By Team Kalkine MediaSummary The Iron ore rally has supported the share price of many ASX-listed iron ore mining companies. The high prices have prompted many miners to focus on the production scenario to lock in a high price, Fortescue Metals Group Limited (ASX:FM.....
Cobalt Blue’s BHCP Update Highlights Increased Ore Reserve, Longer Operating Life and Lower Costs
July 22, 2020 05:32 PM AEST| By Team Kalkine MediaSummary Broken Hill Cobalt Project Update 2020 Study by Cobalt Blue has delivered significant project enhancements since the 2018 prefeasibility study. Mineral reserves improved by 55% to 71.8 million tonnes at 710 ppm cobalt. Front-end mining.....
A Brief Outline of CUSMA And Its Impact on Canada
July 22, 2020 04:00 PM AEST| By Team Kalkine MediaThe Canada-United States-Mexico Agreement (CUSMA), also known as USMCA in the United States and T-MEC in Mexico, is the successor of the trilateral accord, North American Free Trade Agreement (NAFTA). CUSMA came into effect on July 1, 2020, and att.....
REFFIND Receives Commitments for ~$880,000, Proceeds to Aid Product Development and Accelerate Sales Growth
July 22, 2020 03:31 PM AEST| By Team Kalkine MediaSummary REFFIND has received funding commitments from sophisticated investors for around $880,000. Proceeds from the capital raising program are planned to be directed towards funding product development as well as accelerating sales growth. R.....
Virtual Tours: Bright Spot for Tourism Industry
July 22, 2020 02:21 PM AEST| By Team Kalkine MediaSummary Tourism boards in Australia are keeping travellers engaged by offering virtual tours. From adventure, nature, food or art lovers, there is an online trip for everyone. With strict lockdown, this seems to be an innovative idea to keep c.....
Low Oil Prices Take Toll; Oil Search Reports 30 per cent fall in Revenue While STO Declares Non-Cash Impairment
July 22, 2020 02:05 PM AEST| By Team Kalkine MediaSummary In April 2020, the oil market came under tremendous pressure with prices of West Texas Intermediate oil even slipping below zero previously across the international front. The decline in oil prices due to weak demand has further exerted.....
Can Negative Interest Rates help Economies?
July 22, 2020 01:41 PM AEST| By Team Kalkine MediaSummary Financial institutions are obliged to pay interest for storing the reserves, with the central bank under a negative interest rate policy. Policymakers in Denmark, Switzerland, Sweden, Japan and in the eurozone have allowed negative inte.....
Calls are Louder for Tax Reforms: Income and GST
July 22, 2020 01:14 PM AEST| By Team Kalkine MediaIf reforms are lacking in Australia, they are perhaps tax reforms. It has been over twenty years since a major tax reform in the country. In July 2020, the Goods & Services Tax (GST) completed twenty years, but policy thinktanks are demanding r.....
Platina Recognises New, Cost-Effective Extraction Technology Promising to Unlock Scandium Deals
July 22, 2020 12:30 PM AEST| By Team Kalkine MediaAustralia-based Platina Resources Limited (ASX: PGM), boasting a project portfolio focused on speciality, precious and base metals, is considering a new and promising extraction technology for scandium at its Platina Scandium Project located in...
Platina Finalising Plans for Field Activities at Challa Project, Skaergaard Deal Progressing Towards Completion
July 22, 2020 12:25 PM AEST| By Team Kalkine MediaAustralia-based Platina Resources Limited (ASX: PGM) released a corporate update on 20 July 2020, highlighting activities concerning Challa Gold Project in Western Australia, Skaergaard palladium and gold project in Greenland and Munni Munni Projec.....
China-AU: Demand for Australian Resources is Still High
July 22, 2020 01:29 AM AEST| By Team Kalkine MediaSummary The Australian mining and petroleum industry is a major contributor to Australian exports with China importing 62% of iron ore in 2019 from Australia. At present, China is recovering from the impacts of coronavirus pandemic and has inte.....
Step Forward: Oxford/AstraZeneca’s AZD1222 Shows Promising Results in Early Human Trials
July 21, 2020 09:58 PM AEST| By Team Kalkine MediaSummary Currently, more than 160 vaccines are under different stages of development (clinical and preclinical). With several ongoing studies around the world, people are eagerly waiting for some good news as the pandemic continues to wreak havo.....
COVID-19 Striking Again: 5 Reasons Shares May Witness a Rise
July 21, 2020 09:50 PM AEST| By Hina ChowdharySummary Australia and many nations globally are better placed to tackle the second wave of COVID-19 cases, demonstrating the possibility of a lesser impact on the share market. Extension of Government stimuli package and RBA’s move to kee.....
Mesoblast Soars 10% on ASX, US FDA Set To Review Remestemcel-L Data
July 21, 2020 09:40 PM AEST| By Kunal SawhneyThe world leader in developing allogeneic cellular medicines, Mesoblast Limited (ASX: MSB) appears all in rage amongst the investors with the announcement of review date scheduled by the US Food and Drug Administration (FDA) advisory committee for .....
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Market Update: How Australian Markets Performed on 21st July 2020?
July 21, 2020 09:29 PM AEST| By Team Kalkine MediaAt the close of the trading session on 21st July 2020, Australian equity market ended in green. The benchmark index S&P/ASX200 stood at 6156.3 with a rise of 154.7 points. During the last five days, the index has gained 3.62%. S&P/ASX 200 Con...
JobKeeper 2.0: 5 Things to watch while Card Spending reflect different trends
July 21, 2020 09:10 PM AEST| By Team Kalkine MediaOn 21 July, Prime Minister Scott Morrison at a press conference in Canberra declared that the government would retain existing JobKeeper arrangements until September end before initiating JobKeeper 2 with phased cuts until 28 March 2021. Th.....
Stock under the Spotlight: Ardent Leisure Penalised Over Dreamworld Deaths
July 21, 2020 08:56 PM AEST| By Hina ChowdharySummary 2016’s Dreamworld Thunder River Rapid ride incident was one of the worst tragedies in Australia, which took the lives of four people. Coroner James McDougall’s recommendation report found lags on the operational front and re.....
Supply Disruptions, Production Pullbacks, Increased Subsidies- The Trident of the Lithium Space
July 21, 2020 08:48 PM AEST| By Kunal SawhneySummary Lithium prices have seen a considerable volatility due to the COVID-19 outbreak. The fall in lithium prices along with production pullback instigated by global lithium mining companies could now support the lithium price by reducing the.....
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