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Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%
February 11, 2021 04:42 AM AEDT| By Team Kalkine MediaAmsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign after its net profits slumped by 50 per cent year-on-year due to the Covid-induced backlash and slugg.....
Why is SF Holdings Eager to Acquire Kerry Logistics Network?
February 10, 2021 10:14 PM AEDT| By Kunal SawhneyChinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controlling stake in Hong Kong-based logistics company Kerry Logistics Network. In a bid to bolster its g.....
Why are the UK finance tax receipts projected to drop this year?
February 10, 2021 06:59 PM AEDT| By Team Kalkine MediaA report released by the City of London Corporation has stated that the amount of tax contribution from the British financial sector for 2020-21 is uncertain due to the double blow of the pandemic and Britain’s exit from the Europea.....
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Elon Musk drops hints on the timing of Starlink IPO
February 10, 2021 06:54 PM AEDT| By Team Kalkine MediaBusiness tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500 last year. Early in 2021, Musk became the world's wealthiest person, overtaking Amazon's founder .....
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Is Cryptocurrency hitting the mainstream again?
February 10, 2021 04:08 PM AEDT| By Mark O'DonnellCryptocurrency is again filtering into the NZ mainstream news at a regular rate. This is because investors have been flocking to the digital asset while record prices are being set every other week. The price of Bitcoin, the most popular and well-.....
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INSIGHTEC’s MR-guided focused ultrasound treatment approved by China’s NMPA
February 10, 2021 02:02 PM AEDT| By Team Kalkine MediaA global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Products Administration (NMPA) for its Exablate Neuro platform. NMPA is a Chinese agency which focu.....
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US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy Boost
February 10, 2021 09:14 AM AEDT| By Team Kalkine MediaS&P 500 and Dow Jones saw several ups and down during the trading session, dragged by the cyclical and utilities sectors, to end flat on Tuesday. The tech-heavy NASDAQ held its ground to shrug off the downward trend, as the anticipation of the .....
British Equities Traded Marginally Higher; Equiniti Group Stock Soared by 29.76%
February 10, 2021 08:32 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.79 points or 0.07 per cent lower at 3,912.80, Dow Jones Industrial Average Index contracted by 63.16 points or 0.20 per cent lower...
Elon Musk’s Romance With Cryptocurrency
February 10, 2021 04:37 AM AEDT| By Hina ChowdharyElon Reeve Musk, the founder and chief executive officer of Tesla Inc (US:TSLA or NASDAQ: TSLA), has been actively tweeting on cryptocurrency since the beginning of this year, expressing his love for the crypto market. His posts have contributed to t...
Canadians Line-Up To Invest In Cryptocurrency Market
February 10, 2021 03:28 AM AEDT| By Kunal SawhneyAfter Bitcoin flied to an all-time high, Canadians are actively searching for crypto exchange apps to enter the lucrative cryptocurrency market. Retail investors especially have been exploring options for crypto trading accounts. B.....
Why has China banned popular social media app Clubhouse?
February 09, 2021 09:08 PM AEDT| By Team Kalkine MediaThe social media app Clubhouse was blocked in China on 8 February following a brief period of unrestricted access. It is a voice-based app, which is only available for iPhone users, where people can share audio clips and share their updates or conc.....
Why FTSE 100 May Open Lower Even as GBP Nears 1.38 vs USD
February 09, 2021 07:23 PM AEDT| By Team Kalkine MediaUK stock markets are expected to open lower on Tuesday, 9 February, tracking the mixed Asian cues with Japanese benchmark Nikkei 225 concluding in positive territory. Other regional Asian markets registered moderate-to-sharp gains with China’s...
Amazon’s green energy initiative: strikes deal to buy over 380MW of clean power
February 09, 2021 07:09 PM AEDT| By Team Kalkine MediaOnline retail giant Amazon (NASDAQ:AMZN) has progressed further on its commitment to make the Company a net-zero carbon emitter by 2040. The Seattle-headquartered firm signed an agreement to purchase 380MW of green energy produced from an offshore .....
Why Labour is asking Sunak to extend Covid-19 support to the businesses
February 09, 2021 06:58 PM AEDT| By Team Kalkine MediaThe Labour party has urged Chancellor of the Exchequer Rishi Sunak to extend the support for ailing companies after March, when much of it is slated to expire. The party has warned that businesses could face a £50-billion&.....
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Tesla jumps on Bitcoin bandwagon, how is the crypto currency looking on charts?
February 09, 2021 06:25 PM AEDT| By Kunal SawhneyA big shot in the arm for Bitcoin bulls, the world’s biggest automobile company, by market cap, Tesla has invested USD 1.5 billion in Bitcoin. Copyright © 2021 Kalkine Media Pty Ltd The twitter discussion between Michael J. Saylor (Co-...
Will silver repeat the “gold story”?
February 09, 2021 06:10 PM AEDT| By Team Kalkine MediaThe silver price rise has been a sensational story so far. The white metal is trading above US$26 per ounce after 13 years. The price rose to nearly 20% in the last one week. The price movement of silver in 10 years (Image Source: Refinitiv Eiko.....
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SoftBank Q3 Net Profit Swells to $11 Billion On The Back Of Vision Funds
February 09, 2021 04:42 PM AEDT| By Team Kalkine MediaJapanese telecom and e-commerce conglomerate SoftBank Group Corp. has recorded one of the best earnings quarters ever. This huge success has been underpinned by clever investments in key assets through some of the company’s signature funds. .....
How global chip shortage is denting auto production plans
February 09, 2021 01:58 PM AEDT| By Team Kalkine MediaThe hopes for a speedy recovery in the automotive industry seem to be in jeopardy again. The global automakers were hit hard by the pandemic and had just begun to bounce back from its aftermath; however, another challenge has sent the industry into.....
Why US stock indices are trading at record highs
February 09, 2021 08:45 AM AEDT| By Kunal SawhneyThe three major US stock indices closed at record high levels on Monday amid hopes around additional coronavirus stimulus and economic recovery. The investors were optimistic after Treasury Secretary Janet Yellen said the United States could return.....
Basic Materials & Energy Shares Lifted FTSE 100 Higher; Arrow Global Stock Zoomed by 23.43%
February 09, 2021 07:35 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 20.53 points or 0.53 per cent higher at 3,907.36, Dow Jones Industrial Average Index expanded by 199.37 points or 0.64 per cent higher at 31...
