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FTSE Stocks in the news- Tesco, Kanabo and First Group
July 27, 2021 07:04 PM AEST| By Kamalika GhoshSummary Tesco Bank will close down over 213,000 personal and business current accounts of its customers. Kanabo Group Plc has acquired the European business of Materia, a Canada-based cannabis producer. CEO of FirstGroup Plc will step do.....
Lending before COVID-19 was sub-par: This is what write-offs across APAC convey
July 27, 2021 06:57 PM AEST| By Furquan MoharkanRight from the start of the pandemic, rating agencies and experts had warned that bad loans will see a surge – a fact that holds true when incomes get truncated in the face of a once-in-a-century pandemic. However, along with the expected surg...
Tencent Music and Chinese regulator’s clampdown
July 27, 2021 06:09 PM AEST| By Suhita PoddarSummary China’s antitrust body the State Administration for Market Regulation, ordered tech conglomerate Tencent and its affiliated companies to give up its exclusive music licensing rights The SAMR also fined Tencent up to 500,000 .....
Stocks to watch for July 27: Wizz Air, BP, Deliveroo, Ultra Electronics, and Marks & Spencer
July 27, 2021 04:32 PM AEST| By Kamalika GhoshThese stocks – Wizz Air Holdings Plc, BP Plc, Deliveroo Plc, Electronics Holdings Plc, and Logitech International – are likely to be in action on 27 July. Wizz Air Holdings Plc (LON: WIZZ) The low-cost airline company said on Monday tha...
How did COVID-19 impact cryptocurrency trading?
July 27, 2021 03:56 PM AEST| By SonalThe catastrophic Covid 19 outbreak wreaked havoc, causing severe instability across the globe. While everything was on the verge of collapsing, Cryptocurrency was reborn with force never seen before. The crypto market has proved to be relatively r.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 27, 2021 03:49 PM AEST| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
APAC markets a mixed bag; HK tech sell-off continues
July 27, 2021 02:25 PM AEST| By Furquan MoharkanThe equity markets in Asia Pacific region traded mixed on Tuesday, as tech shares in Hong Kong continued to be under pressure from investors. On Tuesday morning, shares of Chinese tech giant Tencent – which faced regulatory action by the Chi.....
Earnings on tap for Big Tech: What to expect
July 27, 2021 01:18 PM AEST| By Furquan MoharkanOn Tuesday, after the market close, three of the top four most-valued companies in the US – Alphabet, Microsoft, and Apple – would announce their quarterly results. The collective valuation of these three companies is over US$4 trillion....
Is Coinbase available in New Zealand? Is Coinbase safe?
July 27, 2021 01:16 PM AEST| By Jasmine AnandSummary Coinbase is regarded as one of the most popular cryptocurrency exchanges across the globe, offering services in the Kiwi land too. With an easy to operate website and app, Coinbase supports numerous payment options. Coinbase ensures th.....
Tesla races past a milestone, hits US$1 billion in revenues for first time
July 27, 2021 10:33 AM AEST| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has breached the US$1 billion mark in the quarterly earning for the first time in its history. The company overnight reported a net profit of US$1.14 billion for the quarter ending 30 June 2021...
Wall Street stocks end flat ahead of big tech earnings week
July 27, 2021 07:48 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Monday, July 26, as investors seemed to have taken a break ahead of a busy earnings week with many big technology giants like Amazon, Google and Facebook are lining up for second-quarter reporting. The S&P 500 was up 0.2...
FTSE 100 ended on a flat note; Energy shares gained momentum
July 27, 2021 04:28 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded marginally in green - particularly, the S&P 500 index traded 7.10 points or 0.16 per cent higher at 4,418.90, Dow Jones Industrial Average Index inclined by 21.63 points or 0.06 per cent hig...
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FTSE 100 trades in negative territory tailing Asian peers
July 26, 2021 11:26 PM AEST| By Suhita PoddarSummary London’s blue-chip index trades in red but managed to stay above the crucial 7000 mark, tracking the Asian market. The index received much needed support from the metal sector, which was the top performer of the day. FTSE 100.....
Why did Argo Blockchain share price jump 27% today?
July 26, 2021 09:58 PM AEST| By AbhijeetShares of Argo Blockchain Plc (LON: ARB), the London-based cryptocurrency mining company, rallied nearly 27% on Monday, 26 July. The stock moved up sharply after opening 17% higher, nearly reversing the losses incurred in the last two weeks. Despi.....
Quantum Exponential IPO: All set for Aquis Stock Exchange launch
July 26, 2021 06:00 PM AEST| By Suhita PoddarSummary Quantum Exponential to go public on the Aquis Stock Exchange in a first-of-its-kind quantum technology company listing in London. The company has already raised £2.3 million of the £5 million and a pre-IPO fund raising of &p.....
How have APAC currencies stacked up against the US dollar this year?
July 26, 2021 04:53 PM AEST| By Furquan MoharkanThe foreign exchange rate of any country is a key determinant of the economic health of that country. As most currencies are globally pegged against the US Dollar, hence the currency of a particular country starts depreciating in times of economic tu...
What is happening in APAC markets?
July 26, 2021 01:47 PM AEST| By Furquan MoharkanLast week was a volatile one for the Asia Pacific (APAC) equity markets. On one hand, the equities across the region tried to follow the cues of Wall Street, while, on the other hand, domestic woes weighed heavy. The primary woes, that impacted the...
What’s driving the crypto rally?
July 26, 2021 01:24 PM AEST| By Daniel Paul JohnsSummary The climb began yesterday as the crypto world anticipated a conference featuring Tesla CEO Elon Musk, CEO and chief investment officer of ARK Investment, Cathie Wood, Twitter CEO Jack Dorsey. Musk also disclosed that he owns Ethereum as.....
What’s impeding global vaccination drive? Debunking myths about COVID-19 vaccines
July 26, 2021 01:15 PM AEST| By Team Kalkine MediaSummary Vaccination has been a game-changing tool in the battle against the COVID-19 pandemic. Over 3.6 billion people have been successfully vaccinated across the globe. Rising concerns about vaccine safety have triggered countless challenges.....
Which are the five best performing cryptos of 2021?
July 26, 2021 12:35 PM AEST| By Daniel Paul JohnsSummary The Solana protocol, priced at US$28.53 at the time of writing, is designed to facilitate decentralized app creation and uses a proof-of-history and proof-of-stake consensus to release its coins. Cake is one of many tokens that operates.....
