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Rainforest, lungs of the world, aren’t soaking enough CO2, NASA finds
August 15, 2021 01:25 PM AEST| 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 14, 2021 12:35 AM AEST| 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 02:05 PM AEST| 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 13, 2021 07:51 AM AEST| 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 03:43 PM AEST| 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 01:57 PM AEST| 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 01:03 PM AEST| 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 01:41 PM AEST| 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 11, 2021 07:32 AM AEST| 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 02:56 PM AEST| 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.....
Where does the US healthcare system stand among the 11 wealthiest nations?
August 10, 2021 02:47 PM AEST| By Tripti JoshiSummary According to the Commonwealth Fund report, Norway, the Netherlands, and Australia have the best healthcare system performance. The US healthcare system stands last among the group despite spending a significantly higher share of the gro.....
Crude oil marks worst run in four months as COVID-19 hits demand outlook
August 10, 2021 10:50 AM AEST| By Furquan MoharkanCrude oil prices are witnessing their worst run in about four months as concerns about the softened demand have resurfaced in the global oil market. The prices of Brent Crude Oil Futures for October 2021 have crashed 9.3% in the current month as the...
US stocks close flat on oil slide, covid fears
August 10, 2021 07:42 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Monday, August 9, as global oil prices tumbled amid rising delta virus concerns, deterring investors from exploring opportunities in the stock market. The S&P 500 fell 0.09% to 4,432.35. The Dow Jones declined...
How is Artificial Intelligence impacting the Australian tech world?
August 10, 2021 07:29 AM AEST| By Team Kalkine MediaSummary Artificial Intelligence has touch-based almost every sphere of life, including education, health, business, security, and finance. The corporate world is also using AI in varied ways, from self-driving trucks in mining to compliance man.....
America’s richest self-made women list welcomes 15 newcomers
August 09, 2021 06:38 PM AEST| By Daniel Paul JohnsSummary America’s richest women were given a boost by a booming stock market as well as an influx of IPOs which lifted the combined wealth to US$118 billion – a jump of 18%. ABC Supply co-founder Diane Hendricks tops the list of For.....
Five countries that suffered deadliest COVID-19 onslaughts
August 09, 2021 05:31 PM AEST| By Furquan MoharkanThe third wave of COVID-19 has started gripping the world. The end of the pandemic seems like a distant mirage. Many have become fearful and economies are suffering again. At this point in time, when people are concerned about the rising daily numbe...
APAC markets rise as China, Hong Kong shares rally
August 09, 2021 03:52 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific region surged on Monday morning, with indexes in Australia, Hong Kong and the Chinese mainland making gains. The gains in the region were led by the Chinese and Hong Kong markets. Chinese mainland shares w...
Larry Page’s New Zealand residency raises questions
August 08, 2021 03:21 PM AEST| By AayushSummary Larry Page has been granted the citizenship of New Zealand after entering the country even when its borders were closed due to the pandemic. He had applied under the “Investor Plus” category, requiring him to invest NZ.....
Berkshire Hathaway shows sign of recovery in its Q2 filings
August 08, 2021 01:18 PM AEST| By AayushSummary Berkshire Hathaway’s operating income for the second quarter shot up by 21% to US$6.69 billion. The conglomerate repurchased a massive US$6 billion worth of its own stock in the second quarter, totalling to US$12.6 billion i.....
A glance at recent tech M&A deals in Australia
August 08, 2021 12:56 AM AEST| By Team Kalkine MediaThe recent Square - Afterpay takeover has taken the technology M&A Space with a storm. Australian fintech company Afterpay Ltd (ASX:APT) is set to be acquired by NYSE listed Square Inc, a financial services and digital payments company. T.....
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