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News
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...
Australia’s COVID-19 Battle Continues- Melbourne Lockdown Takes A Toll On Residents
July 20, 2020 09:07 PM AEST| By Hina ChowdharySummary Australia braces for a second wave of infection with current cases over 11.8k and more than an average of 280 cases being reported daily. While health officials in the country remain concerned about the transmission rate, a surge in COV.....
Double-dip Recession: A possibility in the US?
July 20, 2020 08:28 PM AEST| By Team Kalkine MediaSummary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn. The rapid acceleration of coronavirus cases in the US is threatening the economic recovery of t.....
Airbnb Back to Square One?
July 20, 2020 07:52 PM AEST| By Team Kalkine MediaThe travel industry will not be the same again, says Airbnb CEO, Brian Chesky. The boss of Airbnb - a vacation rental online marketplace company, admitted losing almost everything of what it took them 12 years to build. The worldwide outburst of n.....
Resolute Mining Extends LOM for Mako Open Pit; Elevated Gold Spot a Key Driver
July 20, 2020 06:16 PM AEST| By Kunal SawhneyGold prices have been a stallion so far with gold spot vaulting to a record high of USD 1,818.13 per ounce (as on 8 July 2020) and oscillating around the same level since then. Also Read: China- The Catalyst to Gold and Iron Ore Rally Every uptak.....
Will Australia experience a surge in Voluntary Administration once financial stimuli lapses?
July 20, 2020 05:24 PM AEST| By Team Kalkine MediaSummary The COVID-19 Pandemic has disrupted business activities leading to a significant business loss in many sectors primarily hospitality, tourism, airlines, and retail industry, pushing operators towards insolvency Government stimulus progr.....
How has Social Media changed the outlook for some Digital Stocks?
July 20, 2020 03:34 PM AEST| By Team Kalkine MediaSummary Social media has emerged as an influential medium to aid the efforts made by individuals and entities to expand their businesses. Quantifiable user data generated via social media platform are further tracked, segmented, and analysed at.....
Location Incentive Program Gets $400Mn Federal Boost for Pandemic-Stricken Screen Industry
July 20, 2020 03:29 PM AEST| By Team Kalkine MediaSummary Australian screen industry is facing enormous challenges due to COVID 19 restrictions, as all production work was stopped, and film festivals were either cancelled or postponed. The industry, which significantly contributes to the econo.....
Augusta Charting Out Plan Around Centuria Capital Takeover
July 20, 2020 02:03 PM AEST| By Team Kalkine MediaSummary Centuria Capital’s second acquisition bid offers half the price to acquire shares in Augusta Capital. Centuria expects to provide ''a much larger, high quality and highly complementary Trans-Tasman real estate platform.....
Wuhan- A Classic example for how economies can get back on track post-pandemic
July 20, 2020 11:07 AM AEST| By Team Kalkine MediaThe terrible disarray overwhelming the world can indubitably be attributed to COVID-19 pandemic, causing market and economic havoc. Amid such perturbed situation preoccupying most governments and agencies, Wuhan which earlier became the epicenter .....
Australian Art Sector is Striving Hard to Survive Amid COVID-19
July 19, 2020 01:35 AM AEST| By Kunal SawhneyFears are mounting over a second wave of coronavirus infections in Australia. When the nation was almost at the final stage of its phase-wise reopening plan (the government planned to lift most coronavirus restrictions by end-July), spike in new ca.....
Morgan Stanley Delivers Record Results in Q2, Net Income Up 45%
July 19, 2020 01:10 AM AEST| By Team Kalkine MediaSummary Morgan Stanley recorded $13.4 billion in net revenues in 2Q 2020 with a net income of $3.2 billion. Its RoE was 15.7% and ROTCE was 17.8%. Strong market activity and performance of the Institutional Securities business helped the firm to.....
Travel Players Dealing with COVID-19 Crisis: Capital Raising Catches Wave
July 18, 2020 03:50 AM AEST| By Team Kalkine MediaWhile the COVID-19 pandemic has sent world’s financial markets into a tailspin, capital raisings to sustain businesses and aid innovation are gaining significant traction, with recent instances bespeaking travel companies’ approaches to.....
Bear Market Brain Game-Do Markets Affect Your Brain While Jolting Your Pockets?
July 18, 2020 03:27 AM AEST| By Hina ChowdharyThe great Charlie Munger believes that many with high IQs are dreadful investors as they demonstrate terrible temperaments. One needs to keep irrational, raw emotion well under control to thrive in a stock market. The dynamic stock market goes th.....
ASX welcomes healthcare player: MedTech firm 4DMedical rolled out IPO two weeks earlier
July 18, 2020 03:10 AM AEST| By Kunal SawhneySummary 4DMedical launched its ASX IPO two weeks prior, backed by the US Food and Drug administration approval, to market its lung-imaging product. The Company is targeting the US and Australian market for the increasing number of cases of COVI.....
A glance at post-COVID-19 future of work
July 18, 2020 03:02 AM AEST| By Team Kalkine MediaIn the wake of COVID-19 crisis, the world of employment is seriously disrupted and many parts of society – including companies, employees and social groups – are expected to perform a role in supporting workers, their families, .....
‘DE’fensive and ‘OF’fensive: Pivoting Strategies for FAANG Stocks set for Action
July 17, 2020 10:09 PM AEST| By Team Kalkine MediaSummary It will not be an exaggeration to mention that as per NASDAQ, FAANG stocks not only withstand the market blow but also put up a “great show”. The market darlings of technology sector, FAANG stocks have grown stronger over th.....
OPEC and Allies Ease Supply Cuts, Market Goes Range-Bound; Things You Should Know
July 17, 2020 09:55 PM AEST| By Team Kalkine MediaSummary The oil market is again range-bound despite supply ease by OPEC and allies as the market assesses the recent development to be balancing the demand and supply dynamics. OPEC and allies have decided to ease the production cut from a reco.....
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