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US stocks retreat ahead of Fed meeting
December 13, 2021 01:27 PM PST| By Rupam RoyBenchmark US indices drifted on Monday, December 13, as investors stayed away from the risky bets ahead of the Fed's two-day policy meeting starting Tuesday, December 14. In addition, worries over the Omicron coronavirus variant have also raised inve...
Australia seeking new mineral sources amid global urea shortage
December 13, 2021 10:47 PM AEDT| By SamtaHighlights Australia is running through another supply chain crisis. AdBlue stock has been dangerously falling, creating chaos in the market. The Australian Trade Minister Dan Tehan has urged businesses to avoid stockpiling AdBlue......
US stocks close week flat after inflation report
December 10, 2021 01:09 PM PST| By Versha JainBenchmark US indices wrapped up the last day of the trading week flat on Friday, December 10, after the latest economic data showed inflation rose to a nearly 40-year high. The S&P 500 climbed 0.96% to 4,712.05. The Dow Jones increased 0.61% to...
All about the new Instagram ‘Take a Break’ feature
December 11, 2021 12:14 AM AEDT| By Kiara KhannaAs parents, we are continuously trying to come up with innovative ways to reduce screen time for our kids. But, in this new normal where we ourselves are glued to screens, it is becoming difficult to keep our children away from it. Instagram is one...
Private health insurers under ACCC scanner
December 10, 2021 10:04 PM AEDT| By SamtaThe Australian competition watchdog has put private health insurers under its scanner. The regulator has warned Australian private healthcare insurers to pay back any profits gained on the back of COVID-19. As per the Australian Competition .....
Mad Mex is fully Australian; Founder buys back JV partner’s share
December 10, 2021 09:36 PM AEDT| By Sukriti NairHighlights Mexican fast food chain Mad Mex is going Australian again. Mad Mex’s owner is buying back Singaporean joint venture partner’s share. Founder Clovis Young to own 100% shares. Mexican fast food chain Mad Mex is .....
Nexsphere to make “over the horizon” offshore wind farm in Tasmania
December 10, 2021 07:06 PM AEDT| By SamtaHighlights Nexsphere has announced its plans to build an “over-the-horizon” wind farm (up to 1GW) across the northeast Tasmania coast. Bass Offshore Wind Energy project is expected to be seized between 500MW and 1,000,000 MW. Nexsp.....
Fleet Space to create entirely additively manufactured Alpha satellite
December 10, 2021 04:39 PM AEDT| By SamtaHighlights Fleet Space announced to create the world’s first 3D printed small satellite device. Australian Government will support the space company for the initiative. The Australian Space Park will be co-locating four companies. T.....
US stocks slip after Omicron restrictions, jobs data
December 09, 2021 01:38 PM PST| By Versha JainBenchmark US indices slipped into the red on Thursday, December 9, after countries enforced new travel restrictions on Omicron concerns and jobless benefits claims fell to a record low last week. The S&P 500 slipped 0.72% to 4,667.45. The Dow Jo...
US stocks close in green for second day straight
December 08, 2021 02:08 PM PST| By Rupam RoyBenchmark US indices closed higher on Wednesday, December 8, after the latest economic data showed job openings increased in October, but labor shortage continued. The S&P 500 was up 0.31% to 4,701.20. The Dow Jones rose 0.10% to 35,754.75. The...
Logistics startup Ofload bags A$20M from Series A investors
December 09, 2021 07:00 AM AEDT| By Sukriti NairHighlights Supply chain and Logistics sector is booming in with economic recovery globally. One of the Logistics startups - Ofload seems to grab investor attention. Sydney based logistic startup Ofload aims to optimise supply chain with .....
World News in Brief: From Ukraine crisis, Beijing Olympics to Omicron
December 09, 2021 01:08 AM AEDT| By Team Kalkine MediaUS-Russia talks on Ukraine US President Joe Biden held a two-hour virtual meeting with his Russian counterpart Vladimir Putin to discuss Ukraine. Russia’s troop deployment on its border with Ukraine has raised tension. The US intelligence comm...
Commonwealth Bank’s former subsidiary pleads guilty to 18 criminal charges
December 08, 2021 08:15 PM AEDT| By Sonal GoyalHighlights Australian Securities & Investments Commission (ASIC) brings criminal charges against Avanteos Investment Limited for charging deceased superannuation customers. Legal advice was sent to company in 2016. The Australian Secur.....
Andrew Twiggy’s Tattarang buys farmlands, rural property on mind
December 08, 2021 06:39 PM AEDT| By Sukriti NairHighlights Twiggy is making way into WA rural properties. Indiana Teahouse and New Nornica’s Southwest retreat part of farming land investment. Latest is the Cape Lodge Hotel in Margaret River region, AU$9.25 million. Rural properti.....
US markets close higher, turbocharged by tech, energy stocks
December 07, 2021 01:57 PM PST| By Versha JainBenchmark US indices closed higher on Tuesday, December 7, lifted by technology, energy, and consumer discretionary stocks in a turbocharged trading session. The S&P 500 was up 2.07% to 4,686.75. The Dow Jones rose 1.40% to 35,719.43. The NASDAQ...
ACCC keeps vigil as competition rises among domestic airlines
December 07, 2021 06:31 PM AEDT| By Priyanka PayalHighlights Rex decides to fly on five busiest routes connecting - Sydney, Melbourne, Brisbane, Adelaide and the Gold Coast by mid-December. Qantas, Virgin, and Jetstar have also declared various new connections on routes that were less travelle.....
Aurizon’s (ASX:AZJ) A$2.35B One Rail acquisition under ACCC scanner
December 07, 2021 05:50 PM AEDT| By Priyanka PayalHighlights Australian Competition and Consumer Commission (ACCC) seeks answer to a list of 21 questions concerning the AU$2.35 billion acquisition of One Rail Australia (ORA) by rail freight giant Aurizon. The competition regulator asks whether.....
China’s Evergrande hits 11-year low failing to repay creditors
December 07, 2021 04:49 PM AEDT| By SamtaHighlights Chinese real estate firm Evergrande Group fails to repay creditors. Evergrande shares fell 20% on Monday after the Company announced it cannot guarantee enough funds to meet its financial obligations. The ailing Chinese develo.....
Will the Wuhan-born coronavirus continue to impact our lives in 2022?
December 07, 2021 04:36 PM AEDT| By Kiara KhannaWhen will Covid-19 end? When will life come back to normal? Will we ever get rid of the masks and the fear that this pandemic has induced upon us in the last two years? There are numerable questions around coronavirus with no definite answer insight....
US markets rise, lifted by energy, industrial stocks
December 06, 2021 02:20 PM PST| By Versha JainBenchmark US indices closed higher on Monday, December 6, lifted by energy, industrial, and financial stocks as Omicron concerns faded. The S&P 500 surged 1.17% to 4,591.67. The Dow Jones rose 1.87% to 35,227.03. The NASDAQ Composite was up 0.93...
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