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Who is the new CEO of Amazon after Bezos?
July 07, 2021 08:08 PM AEST| By Kamalika GhoshSummary Andy Jassy, who has spent 24 years at Amazon, will be Jeff Bezos successor. Before stepping into Bezos’ shoes, Jassy was the CEO of Amazon Web Services. US multinational technology and e-commerce giant Amazon recently got a n.....
Wise to go public via direct listing: All you need to know about the process
July 07, 2021 07:03 PM AEST| By Furquan MoharkanOn 2 July 2021, the UK-based fintech company Wise PLC approved the plan to get listed on 7 July 2021. The company’s prospectus said, “Application has been made to the FCA for all of the Class A Shares to be admitted to the standard listi...
Cryptocurrency Monero’s analysis indicates a bullish trend
July 07, 2021 04:18 PM AEST| By Daniel Paul JohnsSummary Monero was launched in 2014 by a team of developers led by Ricardo Spagni and is currently the 26th largest cryptocurrency. In Monero’s original white paper, its creators argued that Bitcoin’s main flaw was its traceability,.....
From online bookseller to world’s richest man: Amazon’s Jeff Bezos hangs up his boots
July 07, 2021 02:45 PM AEST| By Furquan MoharkanIn 2014, Amazon founder Jeff Bezos visited the South Indian city of Bengaluru – popularly known as Silicon Valley of India – owing its reputation for acumen towards tech innovations. It was the time when India’s domestic e-tailer Fl...
Which are the booming applications of copper?
July 07, 2021 01:51 PM AEST| By Anam SiddiquiSummary Copper, the second most conductive element, is exposed to supply risks amidst its growing demand in several fields. Due to its significant usage in electric vehicles and renewable energy production, copper plays a critical role in.....
US indices slip after last week's record closes
July 07, 2021 07:20 AM AEST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, July 6, after several record consecutive closes last week as investors looked for global cues and turned their focus on economy-linked value stocks. The S&P 500 was down 0.20% to 4,343.54. The Dow Jon...
Crude Oil Prices Slipped 3% After Breakdown in Talks at OPEC Meeting
July 07, 2021 04:36 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 24.82 points or 0.57 per cent lower at 4,327.52, Dow Jones Industrial Average Index declined by 350.14 points or 1.01 per cent lower at 34,436...
Focus on two upcoming IPOs: HydrogenOne Capital Growth, Forward Partners
July 07, 2021 12:07 AM AEST| By Suhita PoddarThe year 2021 has been incredible so far when it comes to listing on the London Stock Exchange (LSE). The LSE recorded more than £27 billion of equity raised, the highest since 2014 as per data by PYMNTS, a provider of B2B platform for the pa.....
UK construction sector expands at fastest pace in 24 years
July 06, 2021 11:31 PM AEST| By AbhijeetSummary UK construction output registered the strongest rate in the last 24 years The IHS Markit/CIPS Construction PMI jumped to 66.3 in the month of June House building projects surged at the strongest rate since November 2003 The phased.....
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Reabold Resources goes from strength to strength
July 06, 2021 10:58 PM AEST| By Team Kalkine MediaReabold Resources Plc (LON: RBD), a London-based investment company focused on low risk upstream oil and gas projects, has had a fantastic stretch so far in the current calendar year in terms of investments and acquisitions, including an oversubscrib...
FCA proposes tweaks in exchange listing rules to attract more firms to LSE
July 06, 2021 10:34 PM AEST| By Team Kalkine MediaThe Financial Conduct Authority (FCA) has put forward a proposal on 5 July to relax the listing rules to attract tech companies into joining the London Stock Exchange (LSE). The proposal will be led by former EU financial services commissioner Jona.....
FTSE 100 trades lower tracking Mixed Asian Equities
July 06, 2021 07:37 PM AEST| By Kamalika GhoshSummary FTSE 100 opened in red, tracking the mixed Asian market cues. Great Britain pound was trading higher against the United States dollar on Tuesday morning. FTSE 100 has started in red on Tuesday, tailing mixed trading in the Asian ma.....
5 FTSE stocks to start the day with - BP, Rolls Royce, Morrisons, Royal Mail, Tesco
July 06, 2021 06:46 PM AEST| By Suhita PoddarSummary BP has announced plans to sell its oil assets in Iraq due to non-conducive environment. Aerospace and car maker Rolls Royce has announced an MoU with Royal Dutch Shell to decarbonise the aviation sector. Apollo, a US investment firm, h.....
Top 5 British stocks to watch in July 2021
July 06, 2021 06:27 PM AEST| By Suhita PoddarSummary The final phase of lockdown restrictions is expected to get over in the UK as per the schedule on 19 July. Once after easement, lots of businesses are like to see good improvement backed by pent-up demand. 1% of UK adults have ta.....
Will crude oil touch US$100 a barrel? All you need to know about oil prices
July 06, 2021 05:35 PM AEST| By Furquan MoharkanFortunes do turn around. And at times, they turn around fast. Nothing exemplifies it better than crude oil prices. A year ago, crude oil prices were at the historical lows. The prices of brent crude oil were hovering near the zero level, while the We...
Stocks to watch on 6 July: Morrison, Spire Healthcare, Hipgnosis, Rio Tinto, and Legal & General
July 06, 2021 05:03 PM AEST| By Kamalika GhoshThese FTSE listed stocks, Morrison, Spire Healthcare, Hipgnosis, Rio Tinto, and Legal & General, are likely to be in action today. Morrison Supermarkets Plc (LON: MRW) Apollo Global Management, the US investment behemoth, has said that it was c...
Don’t drop the baby: A quick guide to new cryptocurrency Baby Doge
July 06, 2021 03:03 PM AEST| By Daniel Paul JohnsThe world of cryptocurrency moves at a rapid pace. A few months ago, a meme crypto named Dogecoin was all the rage with famous celebrities, including Tesla billionaire and space adventurer Elon Musk, publicly singing the praises of the Shiba-Inu-in.....
Why is Cryptocurrency popular? Will Ethereum overtake Bitcoin?
July 06, 2021 01:35 PM AEST| By SonalSummary Cryptocurrencies are being adopted rapidly with more online payments using crypto and more firms adding crypto to their investment offerings. They are popular as they make fund transfers easy, secure with minimum fees. Ethereum is incr.....
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 06, 2021 11:17 AM AEST| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Want to get Worldcoin? Be ready to get your retinas scanned
July 06, 2021 09:55 AM AEST| By SonalSummary Worldcoin, a new start-up, is planning to launch a new cryptocurrency for everyone on this planet. Users will get their retinas scanned through an orb device to get a Worldcoin account. Global wealth redistribution and universal basic .....
