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Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 10:20 PM AEDT| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
Will the new UK budget by Sunak have a green tinge?
February 17, 2021 07:52 PM AEDT| By Team Kalkine MediaThe budget this year is expected to contain environment friendly measures. News reports have highlighted that Chancellor of the Exchequer Rishi Sunak, who will present this year’s budget on 3 March, will launch green gilts, but their sca.....
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Berkshire Hathaway Jumps on Crude Oil Bandwagon, Invests in Chevron
February 17, 2021 01:41 PM AEDT| By Team Kalkine MediaThe market oracle, Warren Buffet is now jumping on the oil bandwagon with Berkshire Hathaway investing in Chevron Corporation (NYSE:CVX). The investment by Berkshire Hathaway in Chevron, which started from third quarter last year, has now reached ~ U...
US Markets End Mixed On Recovery, Earnings Forecast
February 17, 2021 08:46 AM AEDT| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Why UK equities traded on a flat note today?
February 17, 2021 07:47 AM AEDT| By Kunal SawhneyUS Markets: : Broader indices in the United States traded in green - particularly, the S&P 500 index traded 9.48 points or 0.24 per cent higher at 3,944.31, Dow Jones Industrial Average Index surged by 114.05 points or 0.36 per cent higher at 31,...
How Brexit Can Lead to Increase in Energy Prices for UK Businesses
February 17, 2021 05:30 AM AEDT| By Hina ChowdharyThe UK businesses may have to face a price hike in energy prices post Brexit mainly due to factors like surge in transportation costs and the UK leaving the EU internal energy market. The EU supplies almost half of the gas the UK con.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 17, 2021 01:22 AM AEDT| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
Will Plan to Spin Off Universal Music Keep the Momentum High for Vivendi?
February 17, 2021 01:04 AM AEDT| By Kunal SawhneyShares of French media conglomerate Vivendi SA (PAR: VIV) rallied nearly 20 per cent on Monday to EUR 31.22 as the company announced its plans to list its profitable division Universal Music Group (UMG) by the end of this year. Last week, the Pari.....
London Equities Gain as Investors Rejoice Earnings & Vaccine Optimism
February 16, 2021 10:07 PM AEDT| By Team Kalkine MediaUK stock markets extended the gains on Tuesday, 16 February tracking the buoyant sentiments amidst the global equity investors with Japan’s Nikkei 225 hovering past its 30-year high. The renewed optimism around the upcoming corporate earnings i...
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Nissan Denies Tying Up with Apple for Its Electric Car
February 16, 2021 09:29 PM AEDT| By Team Kalkine MediaJapanese automobile company Nissan (TYO: 7201) announced that it was not in talks with technology major Apple (NASDAQ: AAPL) for developing its a self-driving electric car. According to a Financial Times report, the companies had held brief.....
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Equity markets continue their uptrend; Crude oil rises to 13 months high
February 16, 2021 04:40 PM AEDT| By Kunal SawhneyOn Tuesday, Global markets held the ground firmly and continued their bull run for the 12th straight session on the back of high optimism for the global economic recovery. The low-interest rates are also forcing investors to channelise their money .....
Texans Struggle Amid Deadly Winters and Power Outages
February 16, 2021 02:44 PM AEDT| By Hina ChowdharyTexas is facing a challenging situation due to the freezing temperature and rolling power blackouts across the state. As extreme weather conditions spiked the demand for electricity, the agency responsible for managing the electric grid has ordered.....
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Why is platinum at multi-year highs?
February 16, 2021 02:35 PM AEDT| By Kunal SawhneyFollowed by the emphatic industrial metals’ price rally on the expectations of global economic improvements, the prices of the Platinum contract hit ~US$1,291 an ounce on 15 February 2021, highest since September 2014. The current platinum p.....
Did FTSE 100 Soar on Vaccine Hopes?
February 16, 2021 08:43 AM AEDT| By Hina ChowdharyUK Market News: The London markets traded in the green zone, reflecting positive investor confidence regarding Covid-19 vaccination rollout. FTSE 100 surged by around 2.52%, driven by vaccine hopes and substantial gains in the mining & energy sto...
How Can UK’s New £10-Mn Green Finance Push Impact Climate Talks
February 16, 2021 02:28 AM AEDT| By Kunal SawhneyThe UK government has announced a £10-million climate capital investment for green finance research hubs in London and Leeds. The news comes ahead of the COP26 UN climate talks which will be hosted by the UK later this year. Be.....
Future of Darktrace’s IPO in the dark, as UBS withdraws participation
February 16, 2021 12:34 AM AEDT| By Kunal SawhneySummary UBS refused to file required Suspicious Activity Reports due to tech entrepreneur Mike Lynch’s involvement. UBS and Jefferies were hired by Darktrace for the IPO. Lynch is accused in a US $11-billion fraud in selling his company .....
US Dollar drops to 3-week low as vaccine optimism abounds
February 16, 2021 12:16 AM AEDT| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
A race against COVID-19: Meet five global vaccine developers in the fray
February 15, 2021 08:34 PM AEDT| By Kunal SawhneyVaccine development typically requires years of research, testing and additional time for large-scale manufacturing. However, this time researchers across the globe raced against the clock to develop anti-coronavirus vaccines within a year amid the.....
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 07:20 PM AEDT| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
UK vaccination drive: 15 mn people given first Covid-19 jabs till date
February 15, 2021 06:46 PM AEDT| By Team Kalkine MediaBritish PM Boris Johnson announced on Sunday, 14 February, that the national vaccination programme had reached a significant milestone after more than 15 million people having received their first dose of coronavirus vaccine.&nb.....
