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UK, Switzerland To Bolster Ties with A Financial Service Deal
January 27, 2021 08:24 PM AEDT| By Hina ChowdharyChancellor of the Exchequer Rishi Sunak is expected to hold talks with the Switzerland counterpart regarding the potential trade deal that is expected to bolster ties between the two countries in the financial services arena. As Britain quit the E.....
Can Ant Group revive its history-making IPO?
January 27, 2021 07:23 PM AEDT| By Team Kalkine MediaLast year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to be the biggest in history. However, the latest statement by the governor of Chinese central bank .....
IMF downgrades UK economy’s forecast for 2021
January 27, 2021 06:48 PM AEDT| By Team Kalkine MediaThe International Monetary Fund has suggested that the UK economy will recover at a slower rate this year than what was predicted earlier. In its World Economic Outlook, it revised the nation’s growth forecast from 5.9 per cent.....
Why are Dalian iron futures following a downward trend?
January 27, 2021 06:30 PM AEDT| By Team Kalkine MediaAs President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. The sector may shift towards hydrogen-based technology and upgrade its facilities to support the p...
GameStop shares continue haunting short sellers
January 27, 2021 04:52 PM AEDT| By Hina ChowdharyGameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to what we saw with Hertz last year. Millennials and social media groups, especially from Reddit, ha.....
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Tech Titans Shine Despite Pandemic, Post Excellent Quarterly Results
January 27, 2021 04:30 PM AEDT| By Team Kalkine MediaMega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The pandemic has further deepened reliance on their products/services, with people all around the worl.....
SpaceX Launches Rideshare Mission with Record Number of Satellites
January 27, 2021 02:45 PM AEDT| By Kunal SawhneyCalifornia-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “SmallSat Rideshare” mission, SpaceX launched its Falcon 9 rocket on Sunday, after the initial mis.....
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Why Australia’s consumer prices climbed in December quarter
January 27, 2021 01:47 PM AEDT| By Hina ChowdharyThe consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent. Image Source: Shutt.....
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Biden beefs up travel restrictions in wake of new virus strains
January 27, 2021 12:56 PM AEDT| By Team Kalkine MediaUnited States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new virus strains have cropped up. The travel ban is expected to mitigate the spread of the new varian.....
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Financials & Healthcare Shares Lifted FTSE 100 Marginally Higher; DAX up by 1.66%
January 27, 2021 04:49 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.24 points or 0.06 per cent higher at 3,857.60, Dow Jones Industrial Average Index expanded by 90.38 points or 0.29 per cent...
FTSE 100 likely to start flat as GBP extends losses against USD
January 26, 2021 04:49 PM AEDT| By Hina ChowdharyUK stock markets are likely to start on a flat note on Tuesday, 26 January, tracking the downbeat Asian cues with Japanese Nikkei 225 trading almost a per cent lower from the previous close. A mixed-bag action on Wall Street on Monday coupled with th...
GameStop (NYSE: GME) 8-day gain swells to over 400%
January 26, 2021 04:47 PM AEDT| By Kunal SawhneyShares of GameStop Corp (NYSE: GME), a Texas-headquartered video game retailer, have been a raging run for the last couple of weeks. The share prices has already posted a gain of more than 200 per cent in just seven trading sessions. Surprisingly, .....
Shares of RLX Technology Inc (NYSE: RLX) rose 86% after hitting NYSE
January 26, 2021 04:34 PM AEDT| By Kunal SawhneyRLX Technology Inc., the china-based vaping company, made a smashing debut on the New York Stock Exchange (NYSE), with the share prices escalating to as much as 86 per cent after it&nbs.....
Death of Loon Project, Google’s Bold Internet-For-All Bet
January 26, 2021 04:00 PM AEDT| By Kunal Sawhneyns for futuristic applications. Alphabet’s Loon balloons have shown how human ingenuity can help solve our complex problems. The project has failed not for the lack of expertise but because of the cost factor. Since its jo...
Merck (NYSE: MRK) terminates Covid-19 vaccine development programme
January 26, 2021 03:26 PM AEDT| By Kunal SawhneyNew Jersey-headquartered pharmaceutical giant Merck and Co. Inc (NYSE: MRK) said on Monday, 25 January, that it has terminated its Covid-19 (SARS-CoV-2) vaccine development programme. The decision to discontinue the vaccine programme is based on&nb.....
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London and European Markets’ Traded Lower; Topps Tiles Stock Surged by 6.50%
January 26, 2021 04:51 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 14.64 points or 0.38 per cent higher at 3,856.11, Dow Jones Industrial Average Index contracted by 109.66 points or 0.35 per cent low...
Bitcoin Takes a Breather After Worst Week Since March 2020, What’s Next?
January 26, 2021 02:24 AM AEDT| By Hina ChowdharyBitcoin prices are finally taking a breather after witnessing two consecutive worst weeks since its rally began in March 2020. Also Read: Ether At All-time High; Outperforming Bitcoin, Things You Should Know! Speculative Reasons Behind the Recent P...
Gung-ho about crypto? Here are 5 tips on how to trade Bitcoin
January 26, 2021 02:15 AM AEDT| By Kunal SawhneySince Bitcoin kicked off its rally from US$11,000 all the way to US$42000, it has been on the radar of many traders and investors. On top of that, seeing big funds and billionaire investors getting their hands on Bitcoin might give the retail trade.....
ECR Minerals (LON: ECR) Strengthens Financial Position with Major Warrant Exercise
January 26, 2021 12:53 AM AEDT| By Team Kalkine MediaSummary ECR Minerals had received a notice to exercise warrants over 55,856,391 new ordinary shares. Around 55,356,391 new ordinary shares will be issued at 2 pence per share, and 500,000 at 1.125 pence per share. The company has appointed Nov.....
MPs ask Bank of England to raise green standards for bond purchase
January 25, 2021 10:29 PM AEDT| By Team Kalkine MediaThe British Members of Parliament are pushing the Bank of England to realign its corporate bond portfolio with the global climate agreement. This should be done before the UN climate change summit is held in November, they insist. The MPs.....
