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Is the UK economy poised for a sharp turnaround?
February 12, 2021 06:41 PM AEDT| By Kunal SawhneyAndy Haldane, chief economist at the Bank of England, has said that the current state of the UK economy is like a coiled spring bursting to release a huge amount of pent-up financial energy. Consumer confidence would surge back with full fo.....
Bumble Explodes on the Market with Bumper IPO
February 12, 2021 02:08 PM AEDT| By Team Kalkine MediaBumble Inc., which runs the female-centric dating app Bumble, went public on 11 February 2021. The company had priced its IPO at USD 43 a share, above the expected range. However, the stock started trading up around 77% at USD 76 per share in its .....
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Macquarie Group raised €1.6 billion for second stage global renewable funds
February 12, 2021 01:25 PM AEDT| By Team Kalkine MediaThe world’s leading infrastructure investor, Macquarie Group Ltd has raised €1.6 billion as a part of second stage global renewable funds. The fundraising is backed by the worldwide transition towards green energy projects. The demand fo.....
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US Stock Markets End Mixed; Can Indices Hold Onto Weekly Gains?
February 12, 2021 08:38 AM AEDT| By Team Kalkine MediaUS stock markets ended Thursday’s session on a mixed note, but investor sentiment remained high with positive encouragement from labour data and expectations of better economic growth in 2021. The S&P 500 edged up by 0.17% to 3916.38. Th.....
How FTSE 100 performed after AstraZeneca quarterly earnings release?
February 12, 2021 07:52 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 8.78 points or 0.22 per cent lower at 3,901.10, Dow Jones Industrial Average Index contracted by 139.99 points or 0.45 per cent lower at 31,29...
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Why Did FTSE 100 Turned Flat in Early Afternoon Deals?
February 12, 2021 01:38 AM AEDT| By Team Kalkine MediaUK stock markets reversed gains in the early afternoon deals on Thursday, 11 February, with the benchmark FTSE 100 erasing morning upsurge after heavyweight banking shares of HSBC Holdings Plc, NatWest Group, Barclays Plc, and Lloyds Banking Group Pl...
Ruling Against SK Innovation: Will It Impact EV Plans of Major Automakers
February 12, 2021 12:53 AM AEDT| By Hina ChowdharyAutomakers such as Ford Motor Co. and Volkswagen might witness disruption in the supply of batteries for their electric vehicles (EV) as the US International Trade Commission banned battery maker SK Innovation Co (KRX: 096770) for stealing tra.....
Tomocredit To Offer Credit Cards to People with Poor or No Credit History
February 12, 2021 12:50 AM AEDT| By Kunal SawhneySan Francisco-based start-up TomoCredit is looking to disrupt the market by offering a next-generation credit card to borrowers with no credit history. The credit card start-up is backed by Barclays and KB Investment and will offer credit card to n.....
What does the government blueprint for NHS and social care reform entail?
February 11, 2021 10:35 PM AEDT| By Team Kalkine MediaSummary The government has decided to institute various measures that can strengthen the NHS with the help of a community-based support. New requirements about calories labelling on food and drink packages will be introduced with the .....
What Does RICS’ Latest Survey Say About Property Prices in the UK
February 11, 2021 09:48 PM AEDT| By Team Kalkine MediaThe third lockdown imposed in the UK has cast a shadow on its property market. In its monthly survey RICS (the Royal Institution of Chartered Surveyors) stated that after a seven-month of continuous rise in new buyer enquiries, January recorded a d.....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 09:13 PM AEDT| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
Why Bank of Canada Calls Crypto Boom A Speculative Mania?
February 11, 2021 07:35 PM AEDT| By Ipsita SarkarThe recent surge of cryptocurrencies has caught the imagination of people from around the world. But not all are amused. A senior official of the Bank of Canada dubbed the crypto rally a speculative mania that would soon run out of steam. The ban.....
‘Who Let the Doge Out’: Elon Musk’s tweet that did wonders for Dogecoin
February 11, 2021 07:23 PM AEDT| By Team Kalkine MediaDogecoin is once again grabbing headlines with its price reaching a record high of USD 0.8106 (intraday high on 7 February 2021) at cryptocurrency exchange Binance, and billionaire Elon Musk revelling in his purchase of the digital currency. Dogec.....
UK exporters facing Brexit-related hurdles, says study
February 11, 2021 07:02 PM AEDT| By Team Kalkine MediaAlmost half of British businesses exporting goods have run into trouble due to Brexit transition regarding trade terms with the European Union, a British Chamber of Commerce study has stated. As per the report, 49 per cent of the goods exporters an.....
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Are Energy Stocks Better Alternative to Tech Stocks?
February 11, 2021 02:20 PM AEDT| By Team Kalkine MediaOn the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made a new lifetime high of 8,121.84 (as on 08 February 2021). The index price is trending upward, form.....
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Why is Copper at a New Seven-Year High?
February 11, 2021 01:12 PM AEDT| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
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Qatar Eyes Top Spot With World’s Largest LNG Project
February 11, 2021 12:48 PM AEDT| By Team Kalkine MediaIn a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entailing an investment of US$28.75 billion, will involve the construction of four mega LNG trains, each .....
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What drove Twitter’s Q4 Revenue to Record High?
February 11, 2021 11:39 AM AEDT| By Team Kalkine MediaSocial media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage (mDAU) in the last quarter of 2020. Q4 2020 Financial highlights Revenue - 2020 revenue stood.....
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Why US Markets Ended Flat For Second Straight Day
February 11, 2021 08:43 AM AEDT| By Team Kalkine MediaMajor US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged market sessions recently. The S&P 500 was down 0.03% to 3909.88, while the Dow Jones Industr.....
Did recent earnings announcement push FTSE 100 higher?
February 11, 2021 06:31 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 7.24 points or 0.19 per cent lower at 3,903.99, Dow Jones Industrial Average Index dipped by 2.69 points or 0.01 per cent lower at 31,373.14,...
