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UK CPI inflation jumps to 0.7% in March 2021, says ONS
April 21, 2021 07:15 PM AEST| By AbhijeetSummary CPI-based inflation rate in the UK ticked up to 0.7 per cent in March 2021. Fuels and clothing contributed the most towards the upward movement. The annual consumer price indicator (CPI) based inflation rate in the United Kin.....
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FTSE 100 regathers upswing as inflation rises to 0.7% in March 2021
April 21, 2021 06:10 PM AEST| By AbhijeetSummary FTSE 100 bounced back on Wednesday after witnessing the worst session in two months on Tuesday. The index hurriedly crossed the psychological mark of 6,900 in the wee hours of trading. The headline FTSE 100 bounced back in th.....
Unabated COVID-19 surge spooks foreign investors in India
April 21, 2021 05:13 PM AEST| By Furquan MoharkanThe unabated surge of COVID-19 in India has spooked many people, including the foreign investors, even as Indian Prime Minister Narendra Modi tried to allay fears about a new lockdown. Modi’s 15-minute address on 8.45 pm IST on Tuesday faile.....
Netflix misses subscriber growth targets
April 21, 2021 03:15 PM AEST| By Furquan MoharkanSummary Netflix misses the subscriber guidance of 210 million users The Company is facing challenges as economies open up Revenues continue to show double-digit growth The Silicon Valley-based content platform – Netflix Inc (NASDAQ:.....
No funny business: Dogecoin’s journey from a joke to US$41 billion cryptocurrency
April 21, 2021 02:06 PM AEST| By Furquan MoharkanSummary Dogecoin was founded as a parody in 2013 It has rallied by 7133% in 20 days of April Once a meme, it is now worth US$41 billion Global meme-makers may have made thousands of dollars using the social media platforms – Instagr.....
Global Players Charging Up Amid EV Race
April 21, 2021 02:01 PM AEST| By Team Kalkine MediaSummary Many countries are aiming to reach net-zero emissions by 2050 and have introduced new CO2 emission standards have bolstered the EV market. Last year, Tesla Inc. sales reached almost 0.5 million, a milestone set by the US automaker.....
Pandemic takes crude oil on a roller coaster ride
April 21, 2021 11:44 AM AEST| By Furquan MoharkanIn the past year, people have moved more and more away from safe haven assets to stocks, leading to an unprecedented rally in global stocks on back of liquidity surge. However, equities are not the best performing asset class. That accolade is owned...
Why Netflix remains the king of streaming giants
April 21, 2021 11:08 AM AEST| By Team Kalkine MediaOnline streaming sites have been gaining steam since the COVID-19 pandemic arrived. The huge success of Netflix prompted many Over-the-Top (OTT) players to test their luck in the subscription-based streaming business. Players such as Walt Disney (N.....
Immunodiagnostic Stock Soared by 31.58%; FTSE 100 Traded Lower
April 21, 2021 04:24 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 37.50 points or 0.90 per cent lower at 4,125.78, Dow Jones Industrial Average Index dipped by 284.23 points or 0.83 per cent lower at 33,793.4...
GBP Loses Ground Against USD, EUR As Investors Worry Resurface
April 21, 2021 02:34 AM AEST| By AbhijeetSummary GBP retreated moderately against USD and euro on Tuesday, 20 April, BoE fixed a currency conversion rate of 1.3984 USD vs a unit of pound sterling The Great Britain pound (GBP) retreated moderately against the United States dollar .....
Juventus Shares Slip 9% After 18% Gain on Super League Inclusion Plans
April 21, 2021 12:08 AM AEST| By AbhijeetSummary Shares of Juventus FC SpA retreated sharply in the afternoon deals on Tuesday, 20 April The stock witnessed immense selling pressure in the wee hours of trading On 19 April, shares of Manchester United and Juventus rallied on Super Lea.....
FTSE 100 Dives Nearly 1% As Employment Conditions Remain Tightened
April 20, 2021 09:48 PM AEST| By AbhijeetSummary London equities suffered another blow on Tuesday, 20 April FTSE 100 collapsed nearly 1 per cent after employment data disturbed investors Employed individuals declined by 73,000 to 32.43 million in January 2021 UK shares suffered .....
Regulatory Action: Tesco Fined £7.56 Mn, CMA Examines Sale of Arm Holdings
April 20, 2021 08:22 PM AEST| By Suhita PoddarSummary Tesco has been penalised for selling food past its use-by date at three of its Birmingham stores. Nvidia’s takeover of Arm Holdings faces UK national security probe. Prominent companies in the UK are under the government&rsqu.....
Semiconductor Shortage Chipping Away at EV industry Production
April 20, 2021 07:17 PM AEST| By Team Kalkine MediaSummary The global auto industry is facing an acute shortage of semiconductors, derailing production estimates for 2021. The coronavirus pandemic-induced challenges hit supply chain of semiconductors last year. Though the auto industry picked u.....
3 FTSE Stocks Go for Asset Disposal: Melrose, Studio Retail, ITM Power
April 20, 2021 07:04 PM AEST| By Suhita PoddarSummary Melrose sold a stake in the Nortek Air Management business. Studio Retails divested stake in Findel. ITM’s partner Linde has bought the stake in ITM’s in electrolyser and supporting equipment. Three UK-based companies,.....
A glance at five Important Cryptocurrencies other than Bitcoin and Ethereum
April 20, 2021 06:48 PM AEST| By Team Kalkine MediaSummary Besides Ethereum and Bitcoin, there are over 4000 cryptocurrencies, some of which have performed well in recent times and are worth examining. Litecoin, a decentralised peer-to-peer crypto, is currently trading at US$253.78 compared to .....
Countries move to ban travel from India as COVID-19 unleashes havoc
April 20, 2021 01:31 PM AEST| By Furquan Moharkanour next week India reported more than 250,000 cases for three days in row The countries across the globe have started to ban travel from India, as the world’s second most populous country is grappling with heavy surge in the COVID-19 cas...
Trip.com Jumps on Hong Kong Debut
April 20, 2021 11:07 AM AEST| By Team Kalkine MediaSource: Oleksiy Mark, Shutterstock Summary Trip.com shares traded 4% higher from their issue price on the first day of trading in Hong Kong. Proceeds are planned to be used for the expansion of offerings and improving user experience and...
Stronger Pound Drag FTSE 100 Lower; Equiniti Stock Zoomed by 18.75%
April 20, 2021 04:22 AM AEST| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 18.07 points or 0.43 per cent lower at 4,167.40, Dow Jones Industrial Average Index dipp...
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GBP Strengthens Against USD, EUR as US Dollar Index Tumbles
April 20, 2021 12:49 AM AEST| By Abhijeetfixed a reference exchange rate of 1.3817 USD on 16 April The Great Britain pound (GBP) strengthened sharply against the United States dollar (USD) and the euro in the late afternoon deals on Monday, 19 April, after the US dollar index witness....
