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Jack Ma: The face of China?
January 06, 2021 04:12 PM AEDT| By Kunal SawhneyWith the recent news coming on Mr Jack Ma's disappearance, the entire world is glued to the internet to know the e-commerce billionaire's whereabouts. Before Jack Ma went out of the public eye, he took a few crucial steps, such as stepping back fro.....
Asian stocks slip as political uncertainty grips markets
January 06, 2021 03:50 PM AEDT| By Team Kalkine MediaWith uncertainty looming large over the outcome of Georgia Senate runoff elections, Asian stocks were trading largely in red at the time of writing. The crucial runoffs which would determine the Senate’s future, are too close to call, as per.....
China goes dark thanks to Coal Shortage Unfolds
January 06, 2021 01:49 PM AEDT| By Kunal SawhneySeveral cities across China are facing power outages as authorities limit usage in the wake of coal shortage. Image Source: Shutterstock The trade dispute between China and Australia is now showing some consequences with coal prices shooting high...
Crude Oil Rallies to 10-Month High After Production Cut Decision
January 06, 2021 01:30 PM AEDT| By Hina ChowdharyThe oil producer group OPEC+ concluded a meeting over oil production levels in coming months on Tuesday, 5 January 2021. The resurgence of new strains of COVID-19 virus in different parts of the world is spooking oil producers. In a recent developm.....
JP Morgan bets on Bitcoin’s win over Gold, predicts $146,000 level for Bitcoin
January 06, 2021 12:49 PM AEDT| By Hina ChowdharyBitcoin’s Gigantic rally which picked up steam during the last quarter of 2020 and ultimately surpassed its historic $20,000 mark, is now catching Wall Street's attention. The investment banking giant, JP Morgan Chase & Co (NYSE: JPM) has.....
Why Did UK PM Boris Johnson Cancel His Trip To India?
January 06, 2021 12:26 PM AEDT| By Team Kalkine MediaNew Year 2021 is full of hope with COVID-19 vaccine developments getting around, but it has not started on a good note, especially for the UK. In a televised address, UK Prime Minister Boris Johnson has instructed approximately 56 million people .....
Why the High-Profile Healthcare JV Haven is Falling Apart
January 06, 2021 12:19 PM AEDT| By Kunal SawhneyIn what is being deemed as a major setback for the health sector, the high-profile joint venture between Amazon, JPMorgan and Berkshire Hathaway has come to an end without achieving its objectives. The joint venture fiasco is reportedly being attri.....
NYSE reverses its plan to delist three Chinese telcos
January 06, 2021 10:56 AM AEDT| By Team Kalkine MediaThe New York Stock Exchange has reported that it will not delist into the three leading Chinese telecommunication companies. The stock exchange the previously had decided to not move with reported delisting plan as it consulted with relevant regul.....
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UK and US Markets’ Traded Higher; FTSE 100 Soared by 0.61% on Additional Stimulus News
January 06, 2021 07:42 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 7.99 points or 0.22 per cent higher at 3,708.64, Dow Jones Industrial Average Index expanded by 27.44 points or 0.09 per cent higher at 30,2...
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Market Updates (2): 5 January
January 06, 2021 03:56 AM AEDT| By Team Kalkine MediaFTSE 100 turns flat as ‘lockdown grants’ fail to lift investors’ mood UK stock markets surrendered most of the morning gains in the afternoon deals on Tuesday, 5 January, with the headline FTSE 100 index turning flat after op...
Chancellor Sunak announces lockdown grants of £4.6 billion to support businesses and jobs
January 06, 2021 03:53 AM AEDT| By Team Kalkine MediaChancellor of the Exchequer Rishi Sunak on Tuesday, 5 January, announced “lockdown grants” to the tune of £4.6 billion in order to support the businesses and related jobs that will be affected by the newly imposed national lockdown....
Teledyne Technologies (NYSE: TDY) to acquire FLIR Inc (NYSE: FLIR) to create a super-sized sensor shop
January 06, 2021 03:26 AM AEDT| By Kunal SawhneyIn a joint statement, the industrial sensor giant, Teledyne Technologies Incorporated (NYSE: TDY) and FLIR Incorporated (NYSE: FLIR), an Oregon-based thermal imaging camera making company said that they have entered into a definitive agreement on 4.....
Ireland’s national house price inflation surges by more than 6% in Q4 2020
January 06, 2021 12:25 AM AEDT| By Hina ChowdharyThere has been an increase of more than 6 per cent in the national house price inflation in Ireland for the fourth quarter of 2020. As per the latest house price report from My Home.ie, the price has risen at the fastest pace in almost three years .....
Jersey Oil (LON: JOG) To Pay $850,000 To TGS-Nopec
January 05, 2021 11:48 PM AEDT| By Team Kalkine MediaJersey Oil and Gas PLC (LON: JOG) has decided to pay $850,000 to TGS-Nopec Geophysical Company ASA pursuant in relation with an agreement in 2018. Norwegian subsea data firm TGS claimed for $1.1 million in uplift payments related to Jersey’s...
French unit of M&S (LON: MKS) says post-Brexit rules disrupting supplies
January 05, 2021 11:47 PM AEDT| By Team Kalkine MediaMarks & Spencer’s one of the Paris branches has said that fresh readymade pasta dishes were absent on Monday because of post-Brexit trade rules. Reportedly, the company’s store at Porte Maillot was showing sign that from the UK it...
Aldi reports record Christmas sales in 2020
January 05, 2021 11:30 PM AEDT| By Team Kalkine MediaAldi has reported its best Christmas with the sales surging by 10.6 per cent in the four weeks to Christmas Eve compared to last year. Britain’s fifth largest supermarket also reported a 75 per cent surge in sales of its online wine and &ldq...
Approval of AstraZeneca’s (LON: AZN) vaccine paves way for mass rollout in Mexico
January 05, 2021 08:39 PM AEDT| By Team Kalkine MediaSummary The Covid-19 vaccine developed by AstraZeneca PLC and Oxford University has received Emergency Use Approval (EUA) from the health regulator of Mexico, Cofepris The availability of the vaccine could be expected in March. .....
Sberbank Reports Mega Year for Trade Finance Unit
January 05, 2021 08:35 PM AEDT| By Kunal SawhneyThe banking sector grappled with challenges throughout 2020. From pandemic, rising debt pile, US-China row to the emergence of P2P lending platforms, the banks have seen it all. Despite the prevalent uncertainties, Russia's largest lender Sberbank.....
Market Updates: 5 January
January 05, 2021 08:23 PM AEDT| By Hina ChowdharyFTSE 100 likely to open in red as England enters another national lockdown UK stock markets are set to open in red on Tuesday, 5 January, as Prime Minister Boris Johnson, has once again announced a national lockdown in order to arrest the re...
England and Scotland: What are the new lockdown rules?
January 05, 2021 06:29 PM AEDT| By Kunal SawhneySummary New stay at home rules to last till 15 February in England and 31 January in Scotland A complete shutdown of schools and businesses to contain the coronavirus spread The British prime minister Boris Johnson announced last night tha.....
