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News
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.....
Cooper Energy Eyeing South-East Gas Market; To Invest $55 Million in Minerva Gas Plant
July 21, 2020 08:29 PM AEST| By Team Kalkine MediaSummary The wholesale gas market remained under pressure during the March 2020 quarter over weak demand and tumbling oil prices, offsetting the impact of gas supply shortage across the continent. However, with improvement in oil prices, LNG exp.....
Real Energy and Strata-X Energy Host Joint Webinar Underscoring Pure Energy
July 21, 2020 08:13 PM AEST| By Team Kalkine MediaAustralian east coast focused gas company, Real Energy Limited (ASX:RLE) has acknowledged that hydrogen economy is a vital concept for contemporary energy companies, and that zero emissions hydrogen is the future of transportation fuels. Moreover, .....
Stocks Under Discussion: WSP, HUB, TYR, CAT
July 21, 2020 04:12 PM AEST| By Team Kalkine MediaSummary Market sentiments are uplifted with wage subsidy extension under two-tier structure, though payments are reduced for JobKeeper and JobSeeker support to ensure they do not act as “disincentives”. Besides momentum seen across .....
Coinsquare In Soup Over Wash Trade Allegations, Watchdog launches investigation
July 21, 2020 04:00 PM AEST| By Team Kalkine MediaSummary Ontario Securities Commission has launched investigation against Canadian crypto trading platform Coinsquare, its founder Virgile Rostand, CEO Cole Diamond and Chief Compliance Officer Felix Mazer The crypto trading platform allegedly m.....
Retail industry faces ‘COVID-19 hangover’ as consumers spend with caution
July 21, 2020 04:00 PM AEST| By Team Kalkine MediaSummary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail are being rewritten by the new normal After historic declines in March and April, May retail fig.....
Your Complete Guide: Companies Hitting the COVID-19 Vaccine Charter (Part 2)
July 21, 2020 03:59 PM AEST| By Team Kalkine MediaSummary Governments from several countries are taking initiatives to accelerate vaccine development for COVID-19 and ensuring fair distribution once a vaccine is approved. The COVAX facility is a global collaboration to fast-track the developme.....
Japanese Exports face the Steepest Plunge as Economy sinks into Recession
July 21, 2020 02:29 PM AEST| By Team Kalkine MediaSummary Japan’s economy slipped into recession in May, with a contraction in GDP by 3.4% annually in Q1 2020, followed by a 7.3% plunge in the previous quarter. Exports plunged 26.2% in June from a year ago as overseas demand for cars, an.....
Investors Lap Up Dark Horse SPP, Company to Raise $1.5Mn and Honour All Applications
July 21, 2020 12:46 PM AEST| By Team Kalkine MediaAustralian exploration company, Dark Horse Resources (ASX:DHR) has announced the outcomes of its recently closed Share Purchase Plan (SPP). Moreover, the Company has updated that Permit Purchase Agreement (PPA) with the vendor, Sotkamo Silver AB to.....
Nyrada’s Brain Injury Drug Candidates Delivered via Preferred Administration Route
July 21, 2020 11:41 AM AEST| By Team Kalkine MediaAustralian-listed preclinical stage drug discoverer and developer, Nyrada Inc. (ASX: NYR) has received a significant boost to its brain injury program, with two of its drug candidates, NYX-242 and NYX-1010, being successfully delivered by the prefe.....
Businesses getting rid of non-core assets: Car leasing player Eclipx dumps Right2Drive
July 20, 2020 10:03 PM AEST| By Kunal SawhneySummary The coronavirus pandemic has hurt countless companies and forced them to rethink on their business strategies and restructuring plans. Amid shrinking demand, stalling of operational activities, and growing uncertainties, several compani.....
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Market Update: Understanding the Performance of Markets on 20th July 2020
July 20, 2020 09:11 PM AEST| By Team Kalkine MediaOn 20th July 2020, equity market of Australia ended in red and the benchmark index S&P/ASX200 experienced a decline of 32 points to 6001.6. Most of the sectors on ASX ended in red such as S&P/ASX 200 Consumer Discretionary (Sector), which wen...
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