AUS
NZ
UK
CA
USA
IND
News
What is Facebook’s Diem and will it ever see the light of day?
December 14, 2020 07:31 PM AEDT| By Edita Ivancevicis still unknown, and some professionals think Diem may never become a real thing. What was once known as Libra has changed its name to Diem. It is a digital cryptocurrency accessible via American social media conglomerate corporation Facebook....
Oil prices jump with hope of rising demand
December 14, 2020 08:25 AM GMT| By Hina ChowdharyBrent crude crossed $50 a barrel last week for the first time since March this year, signalling hopes of the long-awaited rise in oil demand. The global oil industry faced a deep slump for months after the outburst of the pandemic. Demand .....
Blackstone Real Estate, Soilbuild Group Chairman to Privatise Soilbuild Reit
December 14, 2020 08:16 AM GMT| By Kunal SawhneySingapore-based property company Solidbuild Group Holdings Limited’s executive chairman and co-founder Lim Chap Huat has teamed up with Blackstone Real Estate in a bid to privatise and delist Soilbuild Business Space REIT (SB REIT) at $0.55 i.....
Elliott reportedly buys stake in Public Storage (NYSE: PSA)
December 14, 2020 07:38 AM GMT| By Team Kalkine MediaNew York-based investment management company Elliott Management Corporation has reportedly bought a stake in the California-headquartered self-storage firm Public Storage (NYSE: PSA). In recent weeks, Public Storage and Elliott Associates have had .....
Why hasn’t the FTSE 100 picked up despite the Covid-19 vaccination drive?
December 13, 2020 12:51 AM GMT| By Kunal SawhneySummary FTSE 100 ended the week marginally lower after witnessing a nearly 4.5 per cent rise in the first week of December A largely similar drop was seen in the pound sterling with the GBP losing its strength against the USD UK stock mark.....
Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK
December 13, 2020 12:47 AM GMT| By Hina ChowdharyThe British Supreme Court has allowed the initiation of a first-class action suit against payments company Mastercard for overcharging customers. The company has been accused of overcharging of nearly 46 million people in Britain over a pe...
Power Metal Resources Plc (LON: POW) updates about Arizona based Alamo Gold Project
December 13, 2020 12:34 AM GMT| By Team Kalkine MediaPower Metal Resources Plc (LON: POW) has released an exploration update for the Arizona USA based Alamo Gold Project. Power Metal has the right to earn-in up to a 75 per cent interest in the project, which is a package of mining claims cov...
Bristol Water Plc (LON: BWRA) reports turnover of £59.6 million for H1 FY20
December 13, 2020 12:33 AM GMT| By Team Kalkine MediaBristol Water Plc (LON: BWRA) has released its results for the six months ended 30 September 2020. The company reported a turnover of £6 million as compared to £63.1 million for the six months to 30 September 2019. EBITDA for...
Wheaton Precious Metals Corp’s subsidiary to acquire a new silver stream
December 13, 2020 12:30 AM GMT| By Team Kalkine MediaWheaton Precious Metals Corp’s (LON: WPM) wholly-owned subsidiary, Wheaton Precious Metals International Ltd. has entered into a firm agreement of precious metal purchase with Capstone Mining Corp. The deal is in respect to the acquisition o...
Capita Plc (LON: CPI) bags two-year contract extension with the MoD
December 12, 2020 01:43 PM GMT| By Team Kalkine MediaCapita Plc (LON: CPI) has been awarded a contract extension with the MoD (Ministry of Defence) to continue to provide the recruitment service for the British Army. The contract extension of two-year will start in March 2022, when the curre...
Midwich Group Plc (LON: MIDW) in discussion for the acquisition of NMK Group
December 12, 2020 01:43 PM GMT| By Team Kalkine MediaMidwich Group Plc (LON: MIDW) is in advanced discussions with Nicolas M. Kyvernitis Electronics Ent., NMK Middle East FZE and Edge Electronics Trading LLC, around the potential acquisition of all or part of the NMK Group. The NMK Group whi...
RUA Life Sciences Plc (LON: RUA) expects a negative impact of COVID-19 of at least £300,000
December 12, 2020 01:42 PM GMT| By Team Kalkine MediaRUA Life Sciences Plc (LON: RUA) has released its results for the six months ended 30 September 2020, highlighting industry trends underlining prospects for non-biogenic materials. The total reported revenues stood at £631,000 for th...
Tertiary Minerals plc (LON: TYM) keeps on building and exploring its project portfolio in Nevada
December 12, 2020 01:41 PM GMT| By Team Kalkine MediaTertiary Minerals plc (LON: TYM) has released results for the year ended 30 September 2020 and stated that it continues to build and explore its project portfolio in Nevada, United States of America. Pyramid Gold Project, which is...
Crude Surges on Vaccine Optimism and Sharp Build in U.S. Weekly Net imports
December 12, 2020 01:09 PM GMT| By Kunal SawhneyCrude oil prices are showing strong momentum with the price of Brent crude oil futures crossing the USD 50 per barrel mark. Brent crude oil futures started the day’s session 0.05 per cent up on Friday after witnessing an intraday move o...
UK Moves Step Closer to First Nuclear Fusion Power plant
December 12, 2020 01:04 PM GMT| By Kunal SawhneyThe UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....
Christmas cheer: Transport Secretary announces £3 mn to meet festive travel demand
December 12, 2020 11:50 AM GMT| By Team Kalkine MediaSummary Transport Secretary announces funding to bolster the coach services With the additional funding, 80,000 seats will be made available to ensure a smooth travel With the festive season around the corner, the UK government has announc.....
Hong Kong Airlines and Shangri-La Hotel Group Restart Laying Off Staff
December 12, 2020 11:09 AM GMT| By Kunal SawhneyThe state of the economy in Hong Kong continues to be in a shamble as businesses are still laying off people in the wake of poor economic recovery. The airline and the hospitality industries are perhaps the most affected in the country, which once .....
US FDA allows Pfizer-BioNTech Covid-19 vaccine for emergency use
December 12, 2020 09:53 AM GMT| By Kunal SawhneyThe US Food and Drug Administration (FDA) on Friday gave a go-ahead to Pfizer-BioNTech COVID-19 Vaccine for emergency use in the US. The FDA in a statement said that it is determined that Pfizer-BioNTech’s vaccine has met its statutor.....
Pound falls with rising fears of a no-deal Brexit
December 12, 2020 08:19 AM GMT| By Team Kalkine MediaThe pound sterling dropped by 1.2 per cent against the US dollar on December 11, reaching a four-week low value of $1.31, after Boris Johnson, the UK PM announced that a no-deal Brexit appeared very likely. Both the sides, namely the UK and the...
UK and European Markets’ Edged Lower at Close of Trade; Shares of Calisen Soared by 24.69%
December 11, 2020 05:37 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 14.80 points or 0.40 per cent lower at 3,653.30, Dow Jones Industrial Average Index declined by 67.57 points or 0.23 per cent lower at 29,931....
