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 2020’s Much-awaited Airbnb IPO Set to Launch In December!

2020’s Much-awaited Airbnb IPO Set to Launch In December!

December 02, 2020 01:09 PM AEDT| By Team Kalkine Media

The famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....

 Salesforce To Acquire Slack Technologies, Signs Definitive Agreement

Salesforce To Acquire Slack Technologies, Signs Definitive Agreement

December 02, 2020 12:20 PM AEDT| By Team Kalkine Media

One of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....

 UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk

UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk

December 01, 2020 03:18 PM AEDT| By Team Kalkine Media

Arcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....

 Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy

Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy

December 01, 2020 12:30 PM AEDT| By Edita Ivancevic

Pharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....

 How has COVID-19 steered our mode of travel?

How has COVID-19 steered our mode of travel?

November 30, 2020 01:38 PM AEDT| By Team Kalkine Media

The Covid-19 pandemic that took the world in its grip, undoubtedly made people adapt to living which perhaps no one would have heard of or dreamed of. However, by now, we all are familiar with the concept of social distancing, regular hand sanitisi.....

 Will RCEP bring a thaw in Australia-China trade relations?

Will RCEP bring a thaw in Australia-China trade relations?

November 29, 2020 12:01 AM AEDT| By Kunal Sawhney

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 BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms

BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms

November 27, 2020 11:39 PM AEDT| By Kunal Sawhney

Spain’s Banco De Sabadell and BBVA have put their merger on hold following disagreements on the financial terms of the deal. It was one of the major deals in the banking sector in the EU this year. The markets have not taken this news well, f.....

 Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod

Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod

November 27, 2020 05:29 PM AEDT| By Edita Ivancevic

Current US President Donald Trump said in a recent interview that he would peacefully leave the White House if president-elect Joe Biden gets voted for by the Electoral College. Mr Trump had not previously admitted anything related to his defeat i.....

 US online real estate player Compass plans to go public

US online real estate player Compass plans to go public

November 27, 2020 01:35 PM AEDT| By Hina Chowdhary

Compass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and.....

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

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

November 26, 2020 03:00 PM AEDT| By Team Kalkine Media

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 .....

 JPMorgan red-flagged again, coughs up US$250 million as penalty

JPMorgan red-flagged again, coughs up US$250 million as penalty

November 25, 2020 03:26 PM AEDT| By Team Kalkine Media

Multinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....

 Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man

Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man

November 25, 2020 02:06 PM AEDT| By Team Kalkine Media

On 24 November, Tesla finished the trading day with a market capitalisation of more than USD 500 billion for the first time. As electric vehicle car company's market value crossed the USD 500 billion-mark, Musk's net worth increased by nearly .....

 Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition

Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition

November 24, 2020 11:07 PM AEDT| By Edita Ivancevic

It has been almost three weeks since the US got a new president-elect – Democrat Joe Biden. The whole world has followed the elections closely, as a new American president means a big deal for everyone, on various fronts – stock markets.....

 What does the new COVID-19 evidence tell us about the future?

What does the new COVID-19 evidence tell us about the future?

November 24, 2020 09:03 PM AEDT| By Edita Ivancevic

Winter is coming to the northern hemisphere. Usually, individuals get quite excited around the holidays. However, this year Christmas and New Year might not bring the same amount of joy as they used to. Even after the coronavirus’s first bir.....

 What Can Be Expected from Nielsen Holdings’ (NYSE: NLSN) Virtual 2020 Investor Day?

What Can Be Expected from Nielsen Holdings’ (NYSE: NLSN) Virtual 2020 Investor Day?

November 24, 2020 07:05 PM AEDT| By Kunal Sawhney

The global data analytics firm Nielsen Holdings plc (NYSE: NLSN) said it is going to host a virtual 2020 Investor Day on 9 December 2020 to share the company’s current transformation, growth strategy and prospects. The event, which will be hel...

 China’s Market Regulator Increases Probe After Sudden Default from State-Backed Coal Miner

China’s Market Regulator Increases Probe After Sudden Default from State-Backed Coal Miner

November 24, 2020 01:46 PM AEDT| By Team Kalkine Media

Following payment default from a state-backed coal miner, China’s market regulator, Financial Stability and Development Committee (FSDC) has intensified its investigation into bond sales. The default dragged in several banks, accounting firms.....

 WorldRemit hires Paul Vogel of Spotify to its Board

WorldRemit hires Paul Vogel of Spotify to its Board

November 24, 2020 08:03 AM AEDT| By Team Kalkine Media

Digital remittance industry has been growing and is expected to grow even more in years ahead. The rising smartphone and internet usage, increasing digital-savvy customers going for digital remittances and an increase in payment automation and digi.....

 Now AstraZeneca-Oxford University COVID-19 Vaccine Shows High Efficacy

Now AstraZeneca-Oxford University COVID-19 Vaccine Shows High Efficacy

November 23, 2020 08:46 PM AEDT| By Kunal Sawhney

  November is proving to be a super month for global stock markets. The COVID-19 vaccine being developed by the Oxford University and British-Swedish biopharmaceutical firm AstraZeneca (NASDAQ:AZN, AZNCF:US) could be about 90 per cent effecti.....

 Asia ratchets up fight against COVID-19 as virus cases resurge

Asia ratchets up fight against COVID-19 as virus cases resurge

November 23, 2020 06:50 PM AEDT| By Team Kalkine Media

The Covid-19 pandemic originated in Asia in Wuhan, China and spread across the world. The first cases of Covid-19 were reported to the WHO on 31 December 2019. These cases reported in Wuhan were the first Covid-19 cases to be reported globally and .....

 The US Plans First Vaccinations to Start Before Mid-December, Pfizer-BioNTech Application Under Review

The US Plans First Vaccinations to Start Before Mid-December, Pfizer-BioNTech Application Under Review

November 23, 2020 05:12 PM AEDT| By Team Kalkine Media

After the deadly COVID-19 pandemic hit the world, all eyes moved to how soon will there be a vaccine for the fatal virus, SARS-CoV-2. Speculations started building regarding the same, and we are already beyond the initial deadline set for September.....

AI on the Rise: A Look at Top AI Companies and Their Stocks

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