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Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction
Cryptocurrency

Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction

Summary An auction house has announced it will accept cryptocurrency at an upcoming auction for an art piece by legendary artist Banksy. This will mark the first time Sotheby’s will accept cryptocurrency as a payment mode for a painting. ...

Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly
Cryptocurrency

Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly

Summary Banks can now offer customers the ability to purchase, sell and hold Bitcoin after fintech leader FIS partnered with cryptocurrency technology firm NYDIG. The new collaboration would allow banks to provide Bitcoin services within their ...

New Zealand Shares Fell For a Second Day in a Row on Thursday
Market Updates

New Zealand Shares Fell For a Second Day in a Row on Thursday

On 6th May 2021, NZX 50 ended the session in red as there was a decline of 0.75% to 12,751.67. Notably, this is the second consective fall in the broader market. However, buying in energy stocks provided some support to benchmark Index. On 6th May, 2...

6 Stocks That Ebbed And Flowed On The NZX Today
Stock Market

6 Stocks That Ebbed And Flowed On The NZX Today

Summary The decliners outweighed the gainers on Thursday’s trade. It was a mixed bag with many sectoral gainers. Several low-priced stocks gained during the trade on Thursday. The NZX 50 started the day in red at 12.777, down 0.55%....

  • May 06, 2021 07:36 PM NZST
  • Manika
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
World News

Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?

In a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing ...

  • May 06, 2021 07:24 PM NZST
  • Manika
Are These the 7 Most Discussed Stocks On NZX Today? CEN, MCY, TPW, ZEL, FCG, DOW, MFB
Stock Market

Are These the 7 Most Discussed Stocks On NZX Today? CEN, MCY, TPW, ZEL, FCG, DOW, MFB

With the ever-changing dynamics of the current economy, you will be surprised to see why certain stocks perform bullish, while other bearish depending upon different factors. Let’s have a look at some of the most discussed stocks for the day ...

  • May 06, 2021 07:13 PM NZST
  • Roma
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
Economy

Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says

Summary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all ...

  • May 06, 2021 05:30 PM NZST
  • Sonal
Back with a bang after a two-day gap, Japan shares lead APAC rally
World News

Back with a bang after a two-day gap, Japan shares lead APAC rally

Opening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185...

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
Economy

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?

Summary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei...

Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
World News

Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens

India has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 ...

RBNZ pitches for DTIs as its next option to support NZ’s financial stability
Economy

RBNZ pitches for DTIs as its next option to support NZ’s financial stability

Summary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R...

  • May 06, 2021 03:10 PM NZST
  • Sonal
Market Highlights: 5 Interesting NZX Stocks To Watch Out For
Stock Market

Market Highlights: 5 Interesting NZX Stocks To Watch Out For

Summary Australia and New Zealand Banking Group announced different currencies to pay its interim dividend. Pacific Edge appoints Chief Operating Officer while Fonterra Co-operative Group is on a trading halt. ikeGPS Group extends its contract...

Salary Freeze For Frontliners May Lead To Troubles in The Near Future
Economy

Salary Freeze For Frontliners May Lead To Troubles in The Near Future

Summary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun...

Jeff Bezos sells Amazon shares worth US$2.5 billion in May
World News

Jeff Bezos sells Amazon shares worth US$2.5 billion in May

The world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti...

GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
World News

GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth

Summary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (...

Can These 6 NZX Penny Stocks Help Investors Gain High Profits? SVR, APL, BLT, GEN, MEE, And MHJ
Penny Stocks

Can These 6 NZX Penny Stocks Help Investors Gain High Profits? SVR, APL, BLT, GEN, MEE, And MHJ

Summary Savor announces the completion of acquisition of the renowned Hipgroup venues. Asset Plus publishes its latest portfolio valuation with a steady NTA at 44.7 cps. Blis Technologies receives approval in India for its probiotic strains. ...

How Would Electrification Lead To NZ’s Profitability? A Look at 5 NZX Energy Stocks
Stock Market

How Would Electrification Lead To NZ’s Profitability? A Look at 5 NZX Energy Stocks

New Zealand is a net importer of energy, despite the fact that its energy demand is only a small part of the global total. New Zealand has plentiful renewable energy resources such as geothermal, hydroelectricity, and wind energy. Regulation wo...

  • May 06, 2021 12:02 PM NZST
  • Sonal
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
World News

Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule

Summary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke...

ANTG Becomes The First Aussie Company To Export Medicinal Cannabis To NZ
World News

ANTG Becomes The First Aussie Company To Export Medicinal Cannabis To NZ

Summary Australian Natural Therapeutics Group enters a partnership with NUBU Pharmaceuticals to ship medicinal cannabis flower to New Zealand. The agreement would boost the Trans-Tasman relationship. ANTG's products confirm the global norms of...

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