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Bitcoin Bounces Back Sharply Towards All-Time Highs,  More Steam Left in the Rally?
Cryptocurrency

Bitcoin Bounces Back Sharply Towards All-Time Highs,  More Steam Left in the Rally?

Bitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly ...

  • November 26, 2020 10:47 PM NZDT
  • Team Kalkine
NZX 50 Ended in Red; Financials Sector Witnessed a Significant Decline
Market Updates

NZX 50 Ended in Red; Financials Sector Witnessed a Significant Decline

On November 26, 2020, S&P/NZX50 ended the session in red as there was a fall of 0.53% to 12,602 and S&P/NZX20 fell by 0.26% to 8,327. On the other hand, S&P/NZX10 fell by 0.63% to 12,892. On the same day, Consumer Non-Cycli...

  • November 26, 2020 07:37 PM NZDT
  • Team Kalkine
NZ posts record trade surplus as imports slump
Economy

NZ posts record trade surplus as imports slump

NZ reported its biggest annual trade surplus in 28 years as coronavirus led to a severe drop in imports. The official numbers revealed that NZ recorded a surplus of $2.2 billion for the year ended October due to a 10% slump in imports during the time...

  • November 26, 2020 06:16 PM NZDT
  • Team Kalkine
Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
World News

Penguin makes a splash in publishing industry with $2M Simon & Schuster deal

German media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval ...

  • November 26, 2020 05:00 PM NZDT
  • Team Kalkine
Rebekah Swan Appointed as MD & Head of Clients of AMP Capital’s New Zealand business
Financial Stocks

Rebekah Swan Appointed as MD & Head of Clients of AMP Capital’s New Zealand business

On 24 November 2020, AMP Capital disclosed the appointment of its new MD & Head of Clients Rebekah Swan for its NZ business. AMP Capital is a part of the AMP Group and is a global investment manager with a large presence in Australia. AMP Limi...

  • November 26, 2020 05:00 PM NZDT
  • Team Kalkine
Kathmandu Holdings sales up by ~72% during the First Quarter Report
Retail Stocks

Kathmandu Holdings sales up by ~72% during the First Quarter Report

Summary Recently, Kathmandu Holdings released its first quarter financial report during the Annual Meeting 2020. The Group said Rip Curl acquisition in October last year was transformational, as diversity provided much needed anchor during roug...

  • November 26, 2020 04:40 PM NZDT
  • Team Kalkine
Adrian Orr to discuss tax alterations with government in housing clash
Economy

Adrian Orr to discuss tax alterations with government in housing clash

Adrian Orr Governor of RBNZ had welcomed the letter written by the Finance Minister Grant Robertson, which asked the central bank to consider house prices alongside inflation and employment while formulating the monetary policy. Mr Orr has respond...

NZ government approaches RBNZ to deal with skyrocketing housing prices
Economy

NZ government approaches RBNZ to deal with skyrocketing housing prices

NZ’s housing market is booming when the economy has suffered the biggest recession since the Great Depression (1929-1933), coronavirus causing border closure and rising unemployment. House prices have risen to record highs which were expected...

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