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Is COVID-19 preying more on vulnerable countries?
May 26, 2021 05:05 PM AEST| By Furquan MoharkanSummary India remains the epicentre of the coronavirus. Virus is spreading more in the countries with weak health infrastructure. Vaccination shortage may get real. A week ago, the World Health Organisation had expressed concern about the.....
Crypto Day Traders a Big Cause of Crash
May 26, 2021 03:25 PM AEST| By Team Kalkine MediaSummary Crypto day traders taking excessive positions on crypto were a major cause of Bitcoin’s massive fall in the past week. China’s tightening of regulations and Tesla CEO Elon Musk’s recent comments and announcements regar.....
APAC markets open mostly in green; ASX200 up 14 bps
May 26, 2021 01:17 PM AEST| By Furquan MoharkanSummary APAC markets have opened mostly in green. The Hang Seng Index is the best performer in the region. ASX200 is up 14 bps. The markets across the Asia Pacific Region (APAC) on Wednesday mostly opened in green, as a bunch of Sou.....
Why is Tesla doing away with radar for Autopilot in some models?
May 26, 2021 12:19 PM AEST| By Furquan Moharkanong>The transition is only applicable in Canada and US. Some features would be disabled during the transition period. Electric vehicle manufacturer Tesla Inc (NYSE:TSLA) on Tuesday said that the company ditching radar and replacing it with a ca...
US Stocks End Flat Amid Mixed Cues, Soaring Home Prices
May 26, 2021 07:56 AM AEST| By Team Kalkine MediaUS stock markets closed flat on Tuesday, May 25, a day after a solid headstart for the week, as investors remained cautious amid volatility in the markets and soaring home prices. The S&P 500 was down 0.21% to 4,188.13. The Dow Jones Industrial...
FTSE 100 Ended Marginally Lower; DWF Group Stock up 11.92%
May 26, 2021 04:22 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 3.55 points or 0.08 per cent higher at 4,200.60, Dow Jones Industrial Average Index surged by 66.42 points or 0.19 per cent higher at 34,460...
Avon Rubber shares fall 10% as CFO announces retirement
May 26, 2021 03:14 AM AEST| By AbhijeetSummary Avon Rubber shares plunged more than 10 per cent on Tuesday CFO Nick Keveth has expressed his intention to retire company posted a revenue growth of 41 per cent in six months ending 31 March 2021 Shares of Avon Rubber Plc (LON: AV.....
UK’s Trade with EU Drop 23% in Q1 Due to Brexit-Related Disruptions
May 26, 2021 02:45 AM AEST| By Suhita PoddarSummary The UK’s goods trade with EU nations posted a drop of 23 per cent in the first quarter of the year. Exports to Ireland suffered severe hit showing the disruption of Brexit. Trade with non-EU countries dropped by just 0.8 per cent.....
Moderna To Seek FDA, Global Approval For New Children Covid Drug
May 26, 2021 02:30 AM AEST| By Kiran MuraliModerna, Inc. (NASDAQ: MRNA) said on May 25 that a clinical study of its COVID-19 vaccine mRNA-1273 showed 100 percent effectiveness in the 12 to 17 years age group. Moderna CEO Stéphane Bancel said the company would submit the study data t.....
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UK Government Borrowing Hits Second-Highest April On Record
May 26, 2021 01:24 AM AEST| By Team Kalkine MediaSummary According to the institute for fiscal studies, after reaching a record high level of debt due to economic shock after the pandemic, the borrowings have begun to fall. The total debt still remains high, with a debt-to-GDP ratio of 98.5 p.....
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Furniture Store Made.Com Set for A £100 Million London Listing
May 25, 2021 11:30 PM AEST| By AbhijeetSummary Furniture store Made.com is all set to have its London listing and is aiming to raise £100 million. The company said it sold stocks worth £315 million last year, implying an annual growth of 30%. The company plans to utilis.....
FTSE 100 treads water as second-highest April borrowing jolts investors’ confidence
May 25, 2021 10:31 PM AEST| By AbhijeetSummary UK shares were mostly lower as high April borrowing dismantled confidence In April, the net borrowings escalated to second-highest peak since 1993 FTSE 250 somehow managed to float in the positive territory UK shares remained flat.....
What Is Polygon (MATIC) Crypto? What Is Its Price Prediction?
May 25, 2021 08:08 PM AEST| By AnujPolygon (formerly Matic Network) is an easy-to-navigate blockchain platform for Ethereum infrastructure scaling and expansion. Its core components support the development of multiple forms of decentralized applications. The blockchain’s cryp.....
Have you sold all your Bitcoins? Sustainability Versus Risk
May 25, 2021 05:04 PM AEST| By Team Kalkine MediaSummary Bitcoin has lost almost 50% of its value since April when it hit a high of US$65,000, leading to serious concerns about its future and whether it should be considered a viable investment. Goldman Sachs revealed yesterday that Ethereum, .....
Why Is Goldman Sachs Calling Cryptocurrencies A New Asset Class?
May 25, 2021 03:48 PM AEST| By AbhijeetSummary Investment bank Goldman Sachs in a note suggested that cryptocurrencies could become a new asset class. Cryptocurrencies suffered a free fall over the weekend, after the earlier rally it saw. The market recovered slightly on Monday mor.....
A Piece of YouTube History Sells as an NFT for Over Three-Quarter of a Million Dollars
May 25, 2021 03:14 PM AEST| By Team Kalkine MediaSummary One of YouTube’s most viewed videos – “Charlie Bit My Finger” – has sold at auction as an NFT for US$761,000. A Non-Fungible Token (NFT) is a digital asset that can hold valuables such as art and cryptocurr.....
COVID-19: The two months that took away 135K Indian lives
May 25, 2021 12:37 PM AEST| By Furquan MoharkanSummary India reports the lowest caseload in 73 days. Deaths continue unabated. Of every three global COVID-19 deaths reported last week, one was Indian. India on Monday reported less than 200,000 fresh COVID-19 cases, the lowest case tal.....
Why are iron ore prices volatile of late?
May 25, 2021 11:31 AM AEST| By Team Kalkine MediaIron ore prices have been on a dramatic journey starting the second half of the last year. The prices reached a record high of US$237.57 per tonne on 12 May 2021. This rally could be attributed to a robust demand in Chinese steelmaking industries p.....
Musk’s tweet sways cryptocurrencies again, Bitcoin leaps 10%
May 25, 2021 10:43 AM AEST| By Furquan MoharkanThe prices of various cryptocurrencies went soaring after a tweet from billionaire CEO of Tesla Inc (NYSE:TSLA)– Elon Musk. Overnight, Mr Musk tweeted about sustainability of the digital coin. “Spoke with North American Bitcoin miners......
Breathonix’s COVID-19 breath test obtains conditional approval in Singapore
May 25, 2021 10:08 AM AEST| By Team Kalkine MediaSummary Singapore health authority has given provisional approval for the COVID-19 breath test developed by Breathonix. The COVID-19 breathalyzer detects the volatile organic compounds (VOCs) biomarkers and can generate findings within sixty se.....
