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Alibaba Fined A Record $2.75 Billion By Chinese Authorities
April 11, 2021 04:51 PM AEST| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary The Chinese tech behemoth owned by one of the most successful entrepreneurs Jack Ma has been fined $2.75 billion for abusing its dominant market position The latest fine amounts to 4 per cent of t...
What’s in President Biden’s 2022 Budget Proposal
April 11, 2021 01:32 PM AEST| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
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British Households Up for Spending Splurge After Reopening
April 11, 2021 12:40 PM AEST| By Abhijeetld preferred London over any other city for buying homes. The United Kingdom will see a lot of business and activities once again in life from April 12 when the next phase of lockdown easing kicks in. PM Boris Johnson last week confirmed...
Wheat Futures taking a breather?
April 11, 2021 10:31 AM AEST| By Team Kalkine MediaSource:sutadimages, Shutterstock Summary Global production of Wheat hit record levels in March 2021 thanks to bumper crop in Australia. Wheat Futures prices soared during June 2020 to January 2021 and witnessed a gain of ~48 percent. Despite...
Factors That May Lead to A Substantial Hike in FTSE 100 In the Present Quarter
April 11, 2021 10:19 AM AEST| By AbhijeetSource:Peshkova, Shutterstock Summary Declining rate of infections and falling rate of hospital admissions have increased the likelihood of speedier business recovery. A large part of the market optimism is due to the expected reopening of bus...
India’s Rising COVID Cases A Cause of Worry
April 11, 2021 08:25 AM AEST| By Furquan Moharkan© Marbenzu | Megapixl.com The rising Covid-19 cases in world’s second most populous country – India – is a very worrying trend for the global economy. The country has been hit by the second wave of the highly contagious virus...
Tech stocks, BNPL players taking stock markets higher
April 11, 2021 07:19 AM AEST| By Team Kalkine MediaSource: TZIDO SUN,Shutterstock As major economies of the world continue to shake off the damages done by the pandemic, the major stock markets have also started to shine, showing signs of positivity. Out of all the significant indices, it woul...
Are Investors Staring at Another Stock Market Crash?
April 11, 2021 05:05 AM AEST| By Abhijeet9 vaccine shot co-developed by Pfizer and BioNTech got promising results Stocks, currencies, commodities, derivatives, fixed-income securities, and other market-tradable assets have witnessed a never-seen-before volatility in the recent past. We...
What To Expect From Bank Of Japan's CBDC Pilot
April 10, 2021 10:37 AM AEST| By Team Kalkine MediaImage: Pixabay The Bank of Japan (BoJ) unveiled its central bank digital currency (CBDC) pilot project earlier this week. The experiment will analyze the viability of the virtual currency and consolidate efforts of other major central banks that are...
Will JPMorgan Continue to Soar?
April 10, 2021 06:20 AM AEST| By Team Kalkine MediaSource: pcruciatti, Shutterstock Summary JPMorgan Chase & Co. (NYSE: JPM) hit a new lifetime high and delivered a return of ~27 percent in the last three months. JPM Stock prices are trading in a rectangle channel formation on the daily ch...
What Does IMF’s World Economic Outlook Say in Detail?
April 10, 2021 06:10 AM AEST| By Furquan MoharkanSource: MuhsinRina, Shutterstock When the International Monetary Fund (IMF) raised global growth forecast in its April update, there was a certain degree of jubilation across the globe, which has been crippled by once a century pandemic. The global...
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FTSE 100 Ended Marginally Lower; US Equities Inched Higher
April 10, 2021 05:01 AM AEST| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 8.93 points or 0.22 per cent higher at 4,106.10, Dow Jones Industrial Average Index su...
Prince Philip, Queen Elizabeth II’s Husband, Passes Away At 99
April 10, 2021 12:33 AM AEST| By Team Kalkine MediaSource: Pixabay Prince Philip, husband of Britain’s Queen Elizabeth II, passed away on Friday, April 9, the Buckingham Palace has announced. He was 99 years old. The palace wrote in its official statement that the Duke of Edinburgh “pas...
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Average house price hits new record high in March: Survey
April 09, 2021 09:44 PM AEST| By AbhijeetSource: Nopparat Khokthong, Shutterstock Summary Average house price in the UK has clocked a fresh record high in March 2021. On a Y-o-Y basis, the average price of a property in the UK grew by 6.5 per cent. Home sales in February increased t...
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FTSE 100 likely to resume winning streak as domestic sentiments outweigh global jittery
April 09, 2021 04:47 PM AEST| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 index is expected to open slightly higher on Friday. Asian stock markets traded largely in the negative region. On Thursday, FTSE 100 finished at a fresh 52-week high of 6,942.22....
AstraZeneca’s COVID-19 vaccine: A look at recent challenges
April 09, 2021 04:09 PM AEST| By Team Kalkine Mediae links of blood clots after the administration of AstraZeneca’s jab. The COVID-19 vaccine manufactured by Oxford University and AstraZeneca Plc (LON:AZN) has been a part of controversy amid several nations suspending the vaccine's use, in...
What you should know about Bitcoin mining
April 09, 2021 01:07 PM AEST| By Aayushcoin miner uses his computing power to verify a transaction by solving the puzzle. Since the introduction of Bitcoin (BTC) in 2009 by Satoshi Nakamoto, it has excited investors, tech pros and everyday people alike. However, despite its fascinati...
ICE Cotton prices in a correction mode, more pain to continue?
April 09, 2021 10:36 AM AEST| By Team Kalkine MediaSource:Agnes Kantaruk, Shutterstock Summary Global production of Cotton is expected to rise by ~4.70 percent in 2021/22. Global consumption of cotton has increased by ~14.48 percent in 2020/21. The prices are sustaining above an upward slopin...
How Does NZ Government Plan To Lessen Carbon Emissions?
April 09, 2021 06:00 AM AEST| By Team Kalkine MediaSource: kamilpetran, Shutterstock Summary Countries across the globe are increasingly becoming aware of climate change and harmful carbon emissions. Paris Agreement 2020 to limit global warming to 2°C and the US plans to host Climate Leade...
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How London equities fared after a sharp rise in the UK construction activity?
April 09, 2021 04:16 AM AEST| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 11.36 points or 0.28 per cent higher at 4,091.31, Dow Jones Industrial Average...
