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What Led to Fall in Rio Tinto And Antofagasta’s Share Prices Today
May 19, 2021 11:00 PM AEST| By Suhita PoddarThe metals and mining stocks have been facing some volatility recently due to fluctuations in non-precious metals prices. Metals prices fell today, dragging stocks in the sector down. Copper futures prices were trading at USD 10,173.75, down by 2.3.....
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FTSE 100 dives over 1% as UK CPI inflation rate doubles in April 2021
May 19, 2021 10:57 PM AEST| By AbhijeetSummary FTSE 100 plunged sharply after UK inflation rate soared to highest in pandemic era The annual inflation rate in the UK surged to 1.5 per cent in April 2021 Rise in motor fuels prices contributed majorly towards the sharp uptick in infl.....
How Is the Needle Moving on TUI and WH Smith Amid Warning on Amber Listed Destinations?
May 19, 2021 08:52 PM AEST| By AbhijeetSummary The UK government though has allowed foreign travel, it has warned against travelling to countries on the amber list. It has come up with a system of traffic light for foreign tours that resumed 17 May onwards. As the travel ban was li.....
Lloyds Recovery Tracker Records Output Growth Across Sectors
May 19, 2021 07:50 PM AEST| By Suhita PoddarSummary The widespread growth suggests that the UK economic recovery has moved into the fast lane. The tourism and recreation sector’s economic activity grew for the first time in April since August 2020. Going forward, the UK manufactur.....
What do Rising Bond Yields Indicate About the Economy?
May 19, 2021 06:22 PM AEST| By Team Kalkine MediaSummary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem.....
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 19, 2021 04:13 PM AEST| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c.....
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 19, 2021 03:05 PM AEST| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s.....
Chinese ban adds to Bitcoin’s woes, price sinks 8%
May 19, 2021 12:48 PM AEST| By Furquan MoharkanThe prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all other cryptocurrency services to clients. This was announced in a joint statement by the National.....
Did Colonial Pipeline Attack Drive US Oil Prices Up?
May 19, 2021 11:48 AM AEST| By Team Kalkine MediaSummary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga.....
Yellen bats for increased taxes for businesses
May 19, 2021 11:34 AM AEST| By Furquan MoharkanSummary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labour unions. She said that the American Families Plan would be funded by increasing taxes on rich p.....
How London equities fared after the release of UK jobs data?
May 19, 2021 04:39 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 5.19 points or 0.12 per cent lower at 4,158.10, Dow Jones Industrial Average Index dipped by 82.93 points or 0.24 per cent lower at 3...
Vodafone shares suffer 8% loss as group’s FY21 revenue dips over 2%
May 19, 2021 12:51 AM AEST| By AbhijeetSummary Vodafone shares collapsed over 8 per cent in the late deals on Tuesday Telecom major reported a revenue decline of 2.6 per cent EUR 43.80 billion Disposal of Vodafone New Zealand also contributed towards contraction the stock plunged .....
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FTSE 100 struggles to regain morning peak even as unemployment rate falls
May 18, 2021 11:29 PM AEST| By AbhijeetSummary UK shares hovered in green after rising sharply in morning deals The UK unemployment rate dipped to 4.8 per cent in three months to March FTSE 100 shed 0.76 per cent, from the intraday peak of 7,102.57 UK shares hovered in t.....
On a sticky wicket: Can Cricket bounce back to blockbuster form after COVID-19?
May 18, 2021 08:27 PM AEST| By Team Kalkine MediaSummary Governments in cricket-playing nations worldwide have relaxed restrictions, somewhat allowing smaller crowds into stadiums worldwide. But the hit to the bottom line for every national cricket association is crushingly undeniable. The Ch.....
Elon Musk’s Flip-Flop Relationship with Crypto Oozes Irony
May 18, 2021 08:09 PM AEST| By Team Kalkine MediaThere have been few relationships that have captured the public’s imagination, like Elon Musk’s relationship with Bitcoin. Brad and Jen. Kim and Kanye. J-Lo and A-Rod. Brad and Angelina. And now Elon and Bitcoin or “Elcoin” .....
Why Unilever Spin-Off Arecor Therapeutics Is Pinning Hope on London Float
May 18, 2021 07:34 PM AEST| By Suhita PoddarSummary Arecor Therapeutics, which was carved out of Unilever in 2007, is ready to be listed on the London Stock Exchange. It is planning a float that could help fund the creation of novel formulations of insulins and other drugs. Arecor recen.....
Elon Musk Superseded as the World’s Second Richest Person
May 18, 2021 06:30 PM AEST| By Team Kalkine MediaOn Monday, Tesla (NASDAQ:TSLA) CEO Elon Musk lost his position as the second richest person in the world as LVMH Chairman, Bernard Arnault, took the spot. Elon Musk drops to 3rd in the list of the wealthiest people in the world (Source: © J.....
The Domino Effect: How Chia is Boosting the Demand for Hard Drives
May 18, 2021 05:31 PM AEST| By Team Kalkine MediaSummary Chia, a greener alternative to more energy-consuming cryptos, debuted on the exchange at US$1600 on 3 May 2021. Chia uses a method called “proof-of-space”, which allows users to mine the coin on their home computer whilst us.....
What are the Factors Impacting Bond Yields?
May 18, 2021 05:19 PM AEST| By Team Kalkine MediaSummary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth.....
NFTs Explained: What is a non-fungible token and how does it work?
May 18, 2021 05:13 PM AEST| By Furquan MoharkanSummary Cryptocurrencies are talk of the town NFT (non-fungible token), is a unit of data stored in a digital ledger called a blockchain Few NFTs present today include unique digital artworks, a unique sneaker in a limited-run fashion line, in.....
