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News
June jobless rate climbs to 7.4% despite addition of 210,800 jobs
July 16, 2020 09:11 PM AEST| By Kunal SawhneyAustralian market slid into negative territory after opening the day at higher note, as investors absorbed data reflecting a higher jobless rate for June. The benchmark index S&P/ASX200 was down by 0.69%, and settled at 6010.90 points, on 16 Ju.....
Market Update: Understanding the Performance of Australian Markets on July 16, 2020
July 16, 2020 09:06 PM AEST| By Team Kalkine MediaOn July 16, 2020, S&P/ASX200 ended the session in red as the index witnessed a fall of 0.69% or 42 points to 6010.9. On the same day, All Ordinaries encountered a fall of 37.4 points or 0.61% to 6123. S&P/ASX 200 Information Technology (Sect...
King River to Kick Off Exploration Programme at High-Grade Gold Projects Next Month
July 16, 2020 08:21 PM AEST| By Team Kalkine MediaSummary King River Resources is set to commence its 2020 exploration programmes next month, targeting gold-related projects including Mt Remarkable Project and Treasure Creek Project. KRR amid the COVID-19 restrictions advanced the completion o.....
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Your Complete Guide: Companies Hitting the COVID-19 Vaccine Charter (Part 1)
July 16, 2020 07:03 PM AEST| By Team Kalkine MediaThousands of scientists worldwide are working on more than 160 investigational vaccine candidates, and so far, none of them has been approved for use. The surge in COVID-19 cases has made the availability of a vaccine the need of the hour. Healthc.....
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A glance at Chinese Economy: rebounding or stalling?
July 16, 2020 06:36 PM AEST| By Team Kalkine MediaSummary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its recently imposed National Security Law on Hong Kong. China’s relationship with the US reac.....
Eclipse Metals to Commence Ground Exploration on Devil's Elbow U-Au-Pd Project Next Week
July 16, 2020 06:21 PM AEST| By Team Kalkine MediaSummary Eclipse Metals is set to commence a preliminary field exploration program on Devil’s Elbow U-Au-Pd Project in the upcoming week beginning on 20 July 2020. Being the first geological and exploration program over the project since 2.....
A look at Neobanks and tale of this Self-Styled Neo-lender, Wisr
July 16, 2020 04:43 PM AEST| By Team Kalkine MediaSummary COVID-induced crisis has ushered in an era of digitalization across banking, health, property and other industries. Neobank players entered the Australian market after a change in legislation in 2018. Banking and the fintech industry a.....
Bells ringing around a Technical Recession for Economies across the Globe
July 16, 2020 04:32 PM AEST| By Team Kalkine MediaSummary Global economy has suffered a massive blow due to coronavirus pandemic and is facing its worst and deepest recession since World War 2. Singapore’s GDP dived by a record 41.2% in 3 months to June on QoQ basis, entering into a tech.....
Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investments in Sunshine Sectors
July 16, 2020 12:00 PM AEST| By Team Kalkine MediaCanada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the lockdown, the country’s economy entered a recession and markets crashed, wiping off investo.....
Shree strengthening presence in Western Australia, Applies for new tenements
July 15, 2020 11:31 PM AEST| By Team Kalkine MediaSummary E63/2046 and E63/2048 interpreted along the strike of Boulder Lefroy Fault Zone and the Zuleika Shear Dundas Project with minimal historical exploration activities indicates the potential of hosting large scale gold anomalies Ulysses S.....
First Au’s SPP 11 times oversubscribed on overwhelming response, Shares Up 11.76%
July 15, 2020 10:07 PM AEST| By Team Kalkine MediaSummary Application worth over $3 million received against $280,000 sought Directors & Officers applied for shares worth $100,000 Proceedings to Fund Gimlet Exploration and Acquisitions of VicGold and Snowstorm deposits Advanc.....
Can all BNPL Players take it to the next level- OPY, FXL, SPT
July 15, 2020 09:59 PM AEST| By Kunal SawhneySummary Of late, BNPL usage has been on the rise especially in the US and Australia, with increased popularity amongst younger consumers. Openpay achieved record growth in active merchants, customers, and active plans in Q4FY20, while Splitit w.....
Understanding the Performance of Markets on 15th July 2020
July 15, 2020 09:15 PM AEST| By Team Kalkine MediaAt the close of the trading session on 15th July 2020, equity market of Australia ended in green. The benchmark index S&P/ASX200 witnessed a sharp rise of 111.8 points or 1.88% to 6052.9. Most of the sectors on ASX closed in green such as S&P...
Compelling Combination! Pure Energy to Form Via Real Energy and Strata-X Energy Merger
July 15, 2020 08:59 PM AEST| By Team Kalkine Media“It is an exciting time to be building a new company”, says Chairman of Strata-X Energy, Ron Prefontaine. Australian east coast focused gas company, Real Energy Corporation Limited (ASX:RLE) has entered into a binding Scheme Implement.....
Shedding light on tech and consumer discretionary stocks – MMM, OCL, ELO, KGN
July 15, 2020 08:06 PM AEST| By Kunal SawhneySummary As digital capabilities are improving and connectivity is becoming omnipresent, technology is radically changing nearly every sector of the nation’s economy. While ELO’s latest robust balance sheet depicts the Company is wel.....
Major Breakthrough: Cobalt Blue Announces BHCP Testwork Achieving Battery Grade Cobalt Product
July 15, 2020 07:55 PM AEST| By Team Kalkine MediaSummary Extensive testwork demonstrates Cobalt Blue’s flagship BHCP’s potential to produce high purity, battery ready cobalt sulphate. Testwork achieved >20.8% cobalt sulphate heptahydrate and >99.3% elemental sulphur purity. .....
Empire Resources Reports Significant Results from Drilling Campaigns, Stock Zooms by ~7%
July 15, 2020 06:46 PM AEST| By Team Kalkine MediaSummary Empire Resources Limited has reported excellent exploration results for the Yuinmery Project as well as Smith Well prospect during the quarter ended 30 June 2020. Additional RC drilling programs and a Downhole Electromagnetic (DHEM) sur.....
The new JobKeeper might cause bankruptcies for businesses
July 15, 2020 05:45 PM AEST| By Team Kalkine MediaSummary With the end date of the government’s wage subsidy program approaching in September, businesses have been warned that the incentive could make them go bankrupt. The Federal government has pledged some form of income support for th.....
Coal Prices Bounce Back; Whitehaven Coal Delivers Strong Production In June Quarter
July 15, 2020 04:47 PM AEST| By Team Kalkine MediaSummary Coal prices are now turning around slightly after taking a considerable fall, with New Castle Coal Futures recovering by ~13.27 per cent from its low of USD 59.15 a tonne to USD 67.00 a tonne. Coal market has witnessed a weak performanc.....
Another String to Imugene’s Bow - Attains Ethics Approval for Initiation of PD1-Vaxx’ Phase 1 Clinical Trial
July 15, 2020 03:19 PM AEST| By Team Kalkine MediaAustralian clinical stage immuno-oncology firm, Imugene Limited (ASX:IMU) has attained a significant milestone with the receipt of ethics approval for Phase I clinical trial of anti-cancer immunotherapy, PD1-Vaxx. PD1-Vaxx is Imugene’s B-cel.....
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