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US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 19, 2021 08:25 AM AEDT| By Team Kalkine MediaSource: Creative Stock Studio Shutterstock Summary S&P 500 rose 0.29%, Dow Jones was up 0.58%, and NASDAQ gained 0.40%. HSBC to sell its lossmaking French retail bank to US equity research firm Cerberus Capital. China to invest US$2....
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Did the Bank of England’s interest rate announcement push FTSE 100 higher?
March 19, 2021 07:42 AM AEDT| 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 15.32 points or 0.39 per cent lower at 3,958.80, Dow Jones Industrial Average I...
Brexit Woes: Exports to UK From Europe Sank by Record 27.4% In January
March 19, 2021 02:52 AM AEDT| By Suhita PoddarSource: MOLPIX, Shutterstock Summary Latest data show exports to the UK from Europe fell by 27.4 per cent to €18 billion in January. Britain’s export to the union also fell by 59.5 per cent to €6.4 billion. Data from Ireland s...
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The Economic Corner
March 19, 2021 12:30 AM AEDT| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
BoE MPC March 2021: Rates Kept At 0.1%, Policy Stance Remains ‘Appropriate’
March 18, 2021 11:56 PM AEDT| By Abhijeetee has kept the policy stance “appropriate” at its meeting ended on 17 March 2021 The Bank of England (BoE) Monetary Policy Committee (MPC) on Thursday, 18 March, maintained the key lending rates near zero, at 0.1 per cent, for the e...
5 LSE Stocks to Make Your Retirement Comfortable
March 18, 2021 10:03 PM AEDT| By Suhita PoddarSource: Sittipong Phokawattana, Shutterstock Summary Retirement planning is a crucial step in everyone’s life and should be done sooner than later. Investing in dividend paying stocks that also have the potential to generate capital gain...
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FTSE 100 Treads Water Ahead of BoE MPC Outcome
March 18, 2021 08:20 PM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 index traded little changed ahead of BoE MPC decision At around 0846 GMT, the GBP to USD pair was trading marginally lower Earlier yesterday, Dow Industrials surpassed 33,000 for ....
Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 07:02 PM AEDT| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
Biggest Global Economic Updates
March 18, 2021 04:33 PM AEDT| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 02:58 PM AEDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Top 5 developments from Australia and world
March 18, 2021 02:06 PM AEDT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
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How the UK Markets’ fared ahead of the Bank of England’s monetary policy decision?
March 18, 2021 06:24 AM AEDT| 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 19.12 points or 0.48 per cent lower at 3,943.59, Dow Jones Industrial Average I...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 09:27 PM AEDT| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 09:05 PM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
FTSE 100 Set to Open Lower as Investors’ Focus Shifts to BoE Policy Outcome
March 17, 2021 06:36 PM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 is expected to open a notch lower on Wednesday The GBP traded little changed against the USD today The BoE MPC is set to announce the interest rate decision on 18 March The...
