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The controversial life of coal mining magnate Ivan Glasenberg
December 09, 2020 02:08 PM AEDT| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 09, 2020 01:53 PM AEDT| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 09, 2020 01:11 PM AEDT| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 11:44 PM AEDT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 11:02 PM AEDT| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 07:25 PM AEDT| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 06:42 PM AEDT| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
Surge in Norovirus cases in Auckland’s preschools under scrutiny
December 08, 2020 06:12 PM AEDT| By Team Kalkine MediaAuckland city’s early learning services have witnessed a tenfold rise in norovirus outbreak in the last month, which could be attributed to a switch in cleaning supplies in the preschools to avoid the transmission of COVID-19. Auckland Regiona...
Tony Hsieh: the 'generous' genius from the US who died at just 46
December 08, 2020 04:18 PM AEDT| By Edita IvancevicImage Source: Shutterstock Tony Hsieh was a renowned American businessman, who made a considerable impact on Zappos after being hired as its CEO. He was known to turn an almost bankrupt firm into a multibillion-dollar empire. Within a decade, he too...
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RBNZ begins consultation to reimpose LVRs from next year
December 08, 2020 03:52 PM AEDT| By Team Kalkine MediaOn 8 December, RBNZ announced to look for views on its plan to reinstate loan to value restrictions (LVR) on mortgage lending from March 2021. When Covid-19 struck, the LVRs were halted in April as part of a range of measures to boost the economy an...
Homeownership rates in NZ fell to the lowest level in nearly seven decades
December 08, 2020 01:11 PM AEDT| By Team Kalkine MediaHomeownership in NZ has fallen to lowest levels since 1951 with homeownership rates striking the younger people. As per a report Housing in Aotearoa: 2020 by Stas NZ that gives a glimpse of the housing sector in NZ, about 64.5% of households were .....
Who is Dr Timnit Gebru and why did Google fire her?
December 08, 2020 12:49 PM AEDT| By Edita IvancevicIf asked to imagine an artificial intelligence and the technology sector employee, there is a high chance one would picture a white male scientist wearing smart glasses. In that case, one would not be wrong due to white male dominance within the tech...
Safety Warehouse Fake Cash Drop event escalated to Police
December 07, 2020 03:48 PM AEDT| By Team Kalkine MediaThe Safety Warehouse experienced a strong criticism of its cash drop event which took place in Auckland on 05 December 2020. In this event, the community was promised NZ$100k in value. However, people who attended the event found the Company dropp.....
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Chinese Factory Output Growth Outshines many Asian Countries
December 07, 2020 02:52 PM AEDT| By Team Kalkine MediaWith coronavirus mostly under control in China, buyers are ready to spend again in a bid to lift activity further. As per the National Bureau of Statistics data, industrial output of China soared 6.9% in October compared to a year ago in sync with.....
Hedge Funds to Hollywood Celebrities Fancy Bitcoin
December 06, 2020 12:16 AM AEDT| By Kunal SawhneyBitcoin has gained good momentum in the past few weeks. The prices of the cryptocurrency have scaled an all-time high, after a gap of three-years. With a YTD return of ~ 177 per cent (as on 30 November 2020), the Bitcoin is outperforming all other ma...
China to tighten its grip on world’s copper market: Floats Cu Futures
December 06, 2020 12:13 AM AEDT| By Team Kalkine MediaImage Source Shutterstock China has launched international copper futures contract on 19th of November, 2020, in a move that will give foreign investors access to trading in the world's top consumer of the metal. Traders started trading copper f...
Pfizer’s shares plunge after reports of cutting COVID-19 vaccine supply to half
December 04, 2020 03:16 PM AEDT| By Hina ChowdharyPfizer shares closed the day below 0.22% on Thursday after the news of supply chain challenges. According to several media reports, supply chain challenges forced Pfizer to cut its estimates by half for roll out of the COVID-19 vaccine. The compan.....
What is Oregon’s magic mushrooms program? How will it benefit people?
December 04, 2020 02:46 PM AEDT| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
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Superloans warned by the Commerce Commission over possible lending infringements
December 03, 2020 06:25 PM AEDT| By Team Kalkine MediaSuperloans, a former high-cost lender has been cautioned by the Commerce Commission over a possible failure to adhere to its responsible lending commitments after an investigation subsequent to several complaints from consumers, as well as budget a.....
Zespri collaborates with Crown Research to create new types of kiwifruit
December 03, 2020 02:25 PM AEDT| By Team Kalkine MediaNZ based Zespri International is a world leader in kiwifruit sales. The Company is in plans to create a Kiwifruit Breeding Centre in collaboration with Crown research institute Plant & Food Research (PFR). Image Source: Shutterstock As per .....
