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World news
Taliban back at the helm of Afghanistan: What is in it for China?
August 18, 2021 08:05 AM BST| By Furquan MoharkanChina, over the last couple of decades, has quickly climbed up the ladder in the power league of the global nations. The world’s second largest economy now competes directly with the US – which claims itself to be world’s “sup...
APAC markets in green; Japan extends COVID-19 state of emergency
August 18, 2021 06:10 AM BST| By Furquan MoharkanEquity markets across the Asia Pacific (APAC) region were trading with gains on Wednesday as Japan decided to extend the COVID-19 emergency and Reserve Bank of New Zealand decided to keep the rates unchanged. At the time of writing this, all the APA...
How an allergy helped Johnny Boufarhat, 27, make it to billionaires’ club
August 18, 2021 04:32 AM BST| By Furquan MoharkanJohnny Boufarhat has become one the youngest self-made billionaires in the world -- a news that has taken the internet by storm. Who is Boufarhat? He is a 27-year-old Australia-born British citizen and an entrepreneur. Mr Boufarhat was born on 1 J...
US stocks slip on retail data
August 17, 2021 10:51 PM BST| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, August 17, dragged down by loss in mega-cap stocks and weaker-than-expected retail sales data. The S&P 500 was down 0.71% to 4,448.08. The Dow Jones fell 0.79% to 35,343.28. The NASDAQ Composite was...
APAC markets fall as regulatory fears resurface in Hong Kong
August 17, 2021 07:05 AM BST| By Furquan MoharkanEquity markets in the Asia-Pacific (APAC) region were mostly lower on Tuesday, with stocks of Chinese companies in Hong Kong falling again as regulatory fears resurfaced. The sentiments in the APAC region turned negative despite Wall Street closing...
US stocks trade flat on gloomy Chinese economic data
August 16, 2021 10:59 PM BST| By Sanjeeb BaruahBenchmark US indices traded near flat on Monday, August 17, after the latest Chinese economic data showed the country’s recovery rate in July was way below economists’ expectations. The grim outlook triggered investors’ concerns abo...
India’s largest private lender to raise US$1 billion in foreign bonds
August 16, 2021 09:26 AM BST| By Furquan MoharkanIndia’s largest private lender HDFC Bank will be raising US$1 billion through bond issue in the foreign markets, it informed the country’s exchanges. The bank is planning to raise money through additional tier- 1 (AT1) bonds in the overs...
Chinese data dampens mood in APAC markets
August 16, 2021 07:22 AM BST| By Furquan MoharkanThe bleak economic data coming in from China has managed to spook investors away from equity markets in the Asia Pacific (APAC) region. The region’s most powerful economy’s industrial production grew 6.4% in the month of July – fal...
COVID-19: Which countries are winning the vaccination race?
August 16, 2021 04:05 AM BST| By Furquan MoharkanAs COVID-19 continues unabated, wreaking havoc in the economies across the globe, the need for vaccinating population against the virus is increasing with every passing day. The pandemic has infected 207.95 million people till now, of which 4.37 mil...
Taliban take control of Kabul as president flees
August 16, 2021 02:02 AM BST| By Furquan MoharkanThe Afghanistan government led by President Ashraf Ghani has almost collapsed as Taliban insurgents have taken over the presidential palace in Kabul – a move that would have ramifications across the borders of Afghanistan. The insurgents took...
Rainforest, lungs of the world, aren’t soaking enough CO2, NASA finds
August 15, 2021 04:25 AM BST| By Team Kalkine MediaHighlights Tropical forests absorbed four times more carbon dioxide than temperate and boreal regions, but their capacity has declined, NASA study shows. Information on where and how plants absorb or emit carbon is critical to monitoring how th.....
Which indices have given the fattest 52-week returns to their investors?
August 13, 2021 03:35 PM BST| By Furquan MoharkanEquity markets across the globe have been continuing their rally unabated for a year now – a year when economy was in doldrums and future looked bleaker than ever. During the past one year, the equity markets have sent every established notion...
South Korea leads losses in APAC markets as Samsung shares plummet
August 13, 2021 05:05 AM BST| By Furquan MoharkanThe South Korean equity markets on Friday led the losses in the Asia Pacific (APAC) region as shares of multinational conglomerate Samsung and all the related companies plummeted. In the morning trade on the last day of the week, shares of all the c...
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Nasdaq, S&P 500 close higher on tech gains
August 12, 2021 10:51 PM BST| By Sanjeeb BaruahThe Nasdaq Composite and the S&P 500 Index edged higher on Thursday, August 12, as tech stocks saw notable gains, while the Dow Jones closed flat after the economy-sensitive stocks pulled back. The S&P 500 was up 0.30% to 4,460.83. The Dow J...
APAC markets flat as US dollar weakens
August 12, 2021 06:43 AM BST| By Furquan MoharkanEquity markets in the Asia Pacific region were trading near the flatline as local Asian currencies strengthened vis à vis a weakened US dollar. The US dollar index, which tracks the greenback against a basket of six of its peers, fell to 92.8...
Foreigners seen flocking back to Indian market as COVID-19 subsides
August 12, 2021 04:57 AM BST| By Furquan MoharkanForeign investors have started returning to the India’s equity markets, as the deadly second wave has subsided in the country. In the month of August so far, foreign institutional investors (FIIs) have been net buyers at the country’s bo...
Is market correction looming? Should we worry about it?
August 12, 2021 04:03 AM BST| By Furquan MoharkanIt won’t be a hyperbole to say that stock markets are on steroids. Since the lows of March 2020, all major indices across the world have more than doubled. Yes, all this while, when economy has been in doldrums and struggling hard to emerge ou...
Is Google imposing pay cuts on its remote employees?
August 11, 2021 04:41 AM BST| By Furquan MoharkanThe employees of search engine Google based in the same office could see different changes in pay based on their locations, if they switch to working from home permanently, reports suggest. Alphabet Inc's Google (NASDAQ:GOOGL) has offered its employ...
Dow, S&P 500 close at record highs as senate passes infra bill
August 10, 2021 10:32 PM BST| By Sanjeeb BaruahDow Jones Industrial Average and the S&P 500 index closed at all-time highs on Tuesday, August 10, as investors laid bets on economy-sensitive stocks amid excitement over the US$1 trillion infrastructure spending bill passed by the US Senate in a...
Phillips 66 to snap up a 16% stake in Australia’s NOVONIX as EV market heats up
August 10, 2021 05:56 AM BST| By Arpit VermaSummary Phillips 66 is ready to acquire a 16% stake in Australia-based NOVONIX Limited in a US$150 million deal. Phillips 66 is engaged in the manufacturing of specialty coke while Novonix is a leading synthetic graphite producer. The strategi.....
