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Advertising Platform Magnite Inc Buys Spotx for $1.17bn
February 06, 2021 01:59 AM AEDT| By Kunal SawhneyMagnite Inc (NASDAQ: MGNI), one of the largest independent sell-side advertising forums, has signed an agreement to buy SpotX, a video advertising group from RTL Group, a European broadcasting group for a whopping amount of $1.17 billion in the for.....
UK Retail Footfall Plummets Amid the Third Lockdown
February 05, 2021 09:55 PM AEDT| By Kunal SawhneyThe lockdown 3.0 has led to a substantial decline of 76.9 per cent in the number of store visitors during January in contrast to the previous lockdown in the country. According to the UK’s apex trade association British Retail Consort.....
Elon Musk, Back On Twitter, Sends Dogecoin Surging By 50%
February 05, 2021 09:27 PM AEDT| By Ipsita SarkarTesla CEO Elon Musk, back from a two-day Twitter break on Thursday, sent meme-based cryptocurrency Dogecoin surging by over 50 per cent to US$0.059 after he tweeted about the coin. Musk had said in a tweet on Monday afternoon that he would stay aw.....
Technical Overview of Global Tech Giants- Microsoft Corporation and IBM
February 05, 2021 08:55 PM AEDT| By Team Kalkine MediaMicrosoft Corporation (NASDAQ: MSFT) has witnessed a sharp rally from the low of USD 212.03 on 15 January 2021 and made a new lifetime high of USD 245.07 (as on 03 February 2021), a gain of ~15.50 percent in this short span. Microsoft Corp. Shoots.....
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FTSE 100 Opens Flat as Investors Remain Cautious, GBP Swings in Green
February 05, 2021 08:52 PM AEDT| By Team Kalkine MediaUK stock markets opened on a flat note on Friday, 5 February, as market participants remained cautious ahead of the macroeconomic data release with the Bank of England holding the interest rates at 0.1 per cent in its recent policy meeting. The marke...
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Crude Oil Rally Continues on Declining US Stockpile
February 05, 2021 08:24 PM AEDT| By Team Kalkine MediaThe latest Energy Information Administration (EIA) report with crude oil stockpile data has sparked celebrations across the oil industry. The trend in the weekly inventory data has highlighted a drawdown in the levels. Connecting the dots between t.....
Be prepared for negative rates in six months: BoE tells banks
February 05, 2021 06:59 PM AEDT| By Team Kalkine MediaThe Bank of England has told the banks to be ready for negative interest rates in the next six months. The Monetary Policy Committee (MPC) has asked the Prudential Regulatory Authority, the national regulatory body for the British banks,&.....
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Remdesivir drives Gilead’s Q4 FY20 sales, sales momentum likely to continue
February 05, 2021 05:23 PM AEDT| By Team Kalkine MediaAmerican biopharmaceutical player Gilead Sciences Inc (Nasdaq:GILD) continues to play a central role in the COVID-19 pandemic, with its drug remdesivir (Veklury®). On 4 February 2021, the biopharmaceutical player announced its Q4 and FY 2020 r.....
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Myanmar Military Temporarily Shutters Facebook Access
February 05, 2021 04:15 PM AEDT| By Team Kalkine MediaThe military government in Myanmar has temporarily shut down access to social media platform Facebook. The move comes almost a week after the ouster of the democratically elected Aung San Suu Kyi. As per reports, Facebook and its other services, i.....
Ford Motor focuses on EVs; says semiconductor chip shortage to hit Q1 production
February 05, 2021 04:10 PM AEDT| By Team Kalkine MediaMichigan-headquartered Ford Motor Company announced today that it intends to increase investments in electric vehicles (EVs) and self-driving (or autonomous) vehicles. Earlier, the automaker stated that it would slash shifts at two plants that deve.....
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US to get 3rd COVID-19 vaccine, Johnson & Johnson files Emergency Use Authorization
February 05, 2021 03:08 PM AEDT| By Team Kalkine MediaJohnson & Johnson (NYSE:JNJ) updated the market that Janssen Biotech Inc has submitted an application to the US regulator for an Emergency Use Authorization (EUA) of its COVID-19 vaccine candidate. Let us deep dive and discuss in detail: The .....
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Brazil's Vale Agrees To Cough Up $7Bn In Brumadinho Settlement
February 05, 2021 12:53 PM AEDT| By Team Kalkine MediaBrazilian iron ore mammoth Vale S.A. has reached a deal with the state of Minas Gerais and prosecutors to settle the claims concerning the Brumadinho disaster. The iron ore major will now address the environmental and social damage resulting from th...
Microsoft All Praise For New Media Laws Amid Australia-Google Row
February 05, 2021 12:17 PM AEDT| By Team Kalkine MediaThe Australian government’s ongoing efforts for implementation of new media rules has taken a new turn. The rules proposed by the government are said to support the local businesses amid increasing global competition. With the new rules, the.....
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US stock rally continues; Dow ends up over 330 points
February 05, 2021 08:48 AM AEDT| By Team Kalkine MediaThe US stocks rose on Thursday following three straight positive sessions, as the speculative retail trading frenzy faded and robust corporate earnings and economic data remained in focus. Besides, the rise in vaccine roll-outs in the US adds to th.....
FTSE 250 Index Ended Marginally in Green; Gold Price Dipped by over 2%
February 05, 2021 07:36 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 21.71 points or 0.57 per cent higher at 3,851.88, Dow Jones Industrial Average Index expanded by 251.49 points or 0.82 per cent higher at 30...
In A First, UK Launches Covid-19 Alternating Vaccine Study
February 05, 2021 04:35 AM AEDT| By Kunal SawhneyThe United Kingdom launched the world’s first alternating Covid-19 vaccine dose study on Thursday under which the feasibility of different vaccine shots will be examined. Under the schema of study, individuals will be administ.....
Revelation Biosciences finishes dosing for five single dose cohorts
February 05, 2021 12:17 AM AEDT| By Hina ChowdharyClinical stage life sciences company Revelation Biosciences Inc. announced on 3 February that it has been conceded approval to make an addition of a multiple dose cohort to its Phase-1 clinical study of REVTx‑99 in healthy volunteers by t...
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FTSE 100 Likely to Open A Tad Higher Ahead of BoE Policy Meeting
February 04, 2021 07:19 PM AEDT| By Team Kalkine MediaUK stock markets are likely to open slightly higher on Thursday, 4 February, as domestic vaccine optimism outweighs the fallout of global equities. Japan’s Nikkei 225 concluded the day with a drop of little more than 1 per cent, China’s S...
Bank of England to update the market about the negative rates today
February 04, 2021 07:14 PM AEDT| By Team Kalkine MediaWhile the Monetary Policy Committee of Bank of England (BoE) is expected to leave the bank rate unchanged in its latest announcement on Thursday, it is expected to provide an update on its negative rate project. This is the first time th.....
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Fitch Ratings dominates The Asset’s Rating Agency Awards 2020, wins five honours
February 04, 2021 06:24 PM AEDT| By Hina ChowdharyFitch Ratings Inc. dominated ‘The Asset Triple A Rating Agency of the Year Awards 2020’ by winning five awards. The credit rating agency won in the categories including Corporate, ESG, Public Finance and Sovereign Rating Agency of the Y.....
