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Bitcoin hits fresh all-time high, pips $23,000 for the first time in history
December 17, 2020 01:42 PM GMT| By Team Kalkine MediaSummary Bitcoin has hit a fresh all-time high over $23,000. In the last 24 hours, the crypto asset has leapfrogged 3,000-mark levels and is nearing $24,000 According to the data available with Binance, Bitcoin has gained over 170 per cent in t.....
US treasury department accuses Vietnam of currency manipulation
December 17, 2020 12:08 PM GMT| By Hina ChowdharyThe US treasury department has accused Vietnam of manipulating the foreign exchange markets to gain an advantage to its exports. In its semi-annual currency manipulation report, the department has said that it suspects Vietnam of taking measures to.....
Lloyd’s to stop new insurance cover for fossil fuel projects
December 17, 2020 11:02 AM GMT| By Team Kalkine MediaWorld’s biggest insurance market Lloyd's of London, in its first sustainability report, said that it will not provide new insurance cover for coal, oil sands and Arctic energy projects from January 2022 and will ask its members to end underwr.....
Freedom Foods (ASX: FNP) Hives Off Snacks and Cereals Business to Arnott’s Group
December 17, 2020 10:16 AM GMT| By Team Kalkine MediaIn a move to boost profitability, leading Australia-based food & beverage group Freedom Foods Group Limited (ASX: FNP) is hiving off its Snacks and Cereals division for around $20 million to private equity giant KKR-backed Arnott’s Group......
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Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 08:16 AM GMT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
UK and US in talks over a trade deal
December 17, 2020 07:57 AM GMT| By Hina ChowdharyRobert Lighthizer, US trade representative said that the UK and the US are in talks to lower tariffs and work out a mini-trade deal. The deal is likely to see Britain lower tariffs over subsidy for aerospace businesses. America also wants i.....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 07:42 AM GMT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
What are the most trustworthy COVID-19 websites?
December 17, 2020 06:40 AM GMT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
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Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 05:41 AM GMT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 04:04 AM GMT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 03:32 AM GMT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 02:50 AM GMT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?
December 17, 2020 02:17 AM GMT| By Kunal SawhneyBitcoin prices have smashed through the USD 20,000 mark to reach a new record high - the blistering rally in Bitcoin has delivered a one-year return of 190 per cent. The recent rally in the cryptocurrency has been well-supported by large institutiona...
AUD rises as job data lifts FX traders
December 17, 2020 02:16 AM GMT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 01:57 AM GMT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
British and European Markets’ Ended in Green; FTSE 100 Jumped by 0.88%
December 16, 2020 05:01 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 6.58 points or 0.18 per cent higher at 3,701.20, Dow Jones Industrial Average Index dipped by 9.64 points or 0.03 per cent lower at 3...
Historic! Bitcoin Surpasses $20,000-Mark Amid Cryptocurrency Bull Rally
December 16, 2020 05:01 PM GMT| By Team Kalkine MediaBitcoins have never been more valuable! The virtual currency crossed the US$-20000 mark in it short two-decade life, supported by massive growth and mainstream acceptance of cryptocurrencies. The world largest virtual currency soared almost 3.....
Zoom (NASDAQ: ZM) On an Expansion Drive, To Open R&D Centre in Singapore
December 16, 2020 03:02 PM GMT| By Hina ChowdharyZoom Video Communications Inc. has said it would come up with a new R&D centre in Singapore which would hire hundreds of engineering staff to support its operations. The pandemic made the company a household name, which saw a meteoric rise in t.....
Valneva Covid-19 vaccine: French pharma begins its first UK clinical trials
December 16, 2020 02:40 PM GMT| By Team Kalkine MediaSummary Valneva clinical trials to start from today in the UK The potential Covid-19 vaccine is being developed in Livingston, West Lothian The initial testing of the vaccine will be done on 150 Brits The early phase 1 and 2 trials will ident.....
MSCI To Remove 10 Chinese Securities from GIMI Series Following US Order
December 16, 2020 11:56 AM GMT| By Hina ChowdharyNew York-headquartered global securities index manager MSCI Inc announced on Tuesday that it would delete 10 Chinese securities from the Global Investable Market Index (GIMI) series after the US imposed restrictions on their ownerships. The changes.....
