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News
China’s Evergrande fiasco: Could it spill over to Australia?
September 22, 2021 10:05 PM AEST| By Chitranjan KumarThe future of China’s largest property group Evergrande hangs in the balance as the real estate giant faces its worst liquidity crisis. The crisis has shaken the Chinese as well as global markets, reminding about the dramatic collapse of &ldq.....
Bright Token sets sail in the digital asset arena
September 22, 2021 08:52 PM AEST| By Akanksha VashishtHighlights NFT tokens have been on the rise, with many new entrants coming into the digital asset sphere. $BRIGHT token has been introduced with the intent of rewarding users on the BrightDAO network. With an initial minted supply of 25 .....
Here are 5 of the most expensive NFTs sold till date
September 22, 2021 06:41 PM AEST| By Akanksha VashishtThe growing NFT craze can be perceived as a digital revolution, or at worst, an outrageous trend that has been blown out of proportion. Much of the value attached to NFTs comes from their inherent quality of serving as collectibles to the owners, w.....
INEOS’ Grangemouth hydrogen investment: Will it help in green transition?
September 22, 2021 05:54 PM AEST| By Suhita PoddarBritish multinational chemicals company Ineos said it plans to invest over £1 billion to reduce carbon emissions at its Scotland based petrochemicals plant and oil refinery located in Grangemouth. The move is part of the petrochemicals compa.....
The surge game: PKD prices soar by 20%
September 22, 2021 03:48 PM AEST| By Team Kalkine MediaThe cryptocurrency prices are facing a huge selling pressure, which analysts believe is due to the uncertainty in the Chinese markets. Bitcoin dropped by over 6% in the last 24 hours trading at USD$40,835.76. Representative Image Source: © .....
Bitcoin craze among older Aussie investors; what’s driving the boom?
September 22, 2021 03:00 PM AEST| By AshishThe cryptocurrency market has observed a significant change in the recent past. The digital currency market which was popular among young investors is now witnessing the older lot catching up fast. According to the latest data by BTC markets, there.....
What Trudeau’s win means for the global economy & Canada’s multilateralism
September 22, 2021 02:40 PM AEST| By Ankit SethiHighlights From President Biden to PM Boris Johnson, world leaders have congratulated Justin Trudeau on his third election win The Liberals are looking to work with the US on issues like fight against climate change Tax on big tech compa...
Bitcoin falls over Evergrande’s default risk
September 22, 2021 02:38 PM AEST| By Aditi SahaHighlights On 21 September, the price of bitcoin dropped by as much as 11%, kicking out the week on a negative note. The plunge in the cryptocurrency market appears to have been sparked by escalating troubles at China Evergrande Group, a beleag.....
Why is Binance shutting down crypto derivatives for Australian customers?
September 22, 2021 01:42 PM AEST| By Sonal GoyalBinance, the largest cryptocurrency trading platform by volume announced through their blog that they will halt offering certain cryptocurrency products to the Australian market. The cryptocurrency traders of Australia will no longer have access to.....
Explained: What is Evergrande crisis all about?
September 22, 2021 01:37 PM AEST| By Furquan MoharkanGlobal equity markets are witnessing a sort of meltdown at a time when they are flush with access liquidity. And guess what? It is not because of any macro factor or a probable new variant of coronavirus coming in. It is because of a crisis in just o...
Sleepless in Solana: How SolDate is Bringing Romance to Finance
September 22, 2021 10:44 AM AEST| By Daniel Paul JohnsHighlights Soldate is a decentralised dating platform built on the Solana network. It’s the first dating platform of it’s kind and provides a secure platform for its users SolDate aims to turn community involvement into a large forc.....
Universal Music shares soar after Euronext debut
September 22, 2021 10:37 AM AEST| By Sanjeeb BaruahHighlights The stock of Universal Music Group (UMG) jumped 35 percent on the first day at the Euronext Stock Exchange on Tuesday, Sep 21. Universal Music’s worth rose to US$53.27 billion after its stock market debut. Vivendi is the paren.....
US markets close mixed as defensive stocks lead gains
September 22, 2021 07:16 AM AEST| By Sanjeeb BaruahBenchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...
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London & European Markets’ Closed Higher Ahead of Fed Meeting
September 22, 2021 04:24 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 8.21 points or 0.19 per cent higher at 4,365.94, Dow Jones Industrial Average Index surged by 50.09 points or 0.15 per cent higher at 34,020...
FTSE 100 rebounds over 1% tracking the Asian peers
September 21, 2021 09:43 PM AEST| By Sreenivas D AjankarHighlights FTSE100 trades higher by 1.19% at 6,985, while the mid-cap focused FTSE250 index was at 23,586, up by 0.79%. The inaugural green gilt bond issued by the UK government has received a good response from the investors. FTSE10.....
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Exscientia IPO: When to expect AI drug firm’s listing on NASDAQ?
September 21, 2021 09:16 PM AEST| By Suhita PoddarHighlights UK based AI powered drug company Exscientia plans to publicly list on NASDAQ The company submitted its initial IPO filing forms called F-1 with the US’ Securities Exchange Commission last week Exscientia is expected to r.....
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LSE shares to watch today: Scottish Mortgage, Kier, 88E, UKOG, Barratts
September 21, 2021 08:57 PM AEST| By Sreenivas D AjankarHighlights The UK stock market witnessed a sharp decline on Monday due to crises in the UK energy market. The gas supply crunch in the UK could have been avoided if the UK government had been quick in adopting renewable energy and low car.....
French reprisal on the trade front for Australia?
September 21, 2021 08:36 PM AEST| By Rini ZachariahHighlights A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc.....
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A video of Tesla’s Autopilot car that grabbed Musk’s eyeballs
September 21, 2021 07:14 PM AEST| By Team Kalkine MediaWhile many people have been doubtful on the Tesla’s Autopilot feature, a Twitter video of Tesla’s Autopilot car has grabbed the company CEO Elon Musk’s attention. Recently a video of a man went viral on Twitter where he was enjoyi.....
Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike
September 21, 2021 06:37 PM AEST| By Furquan MoharkanHighlights Protests against lockdown continue in Australia’s major cities. Cases in Victoria have spiked to a new high. The country reported 11 deaths on Monday. Anti-lockdown protests rocked Australia’s second most populous c.....
AI on the Rise: A Look at Top AI Companies and Their Stocks