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Nestle SA subsidiary to Invest $550 Million For Pet Food Factory’s Expansion in Georgia
December 09, 2020 01:21 PM GMT| By Team Kalkine MediaIn a move to meet the ever-growing demand for the company’s high-quality and healthy pet care brands, Nestle Purina PetCare, subsidiary of Nestle SA, has decided to invest $550 million for the expansion of its pet food production capa.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 09:33 AM GMT| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 08:59 AM GMT| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
Australia Dollar Going Strong and Here’s Why
December 09, 2020 03:15 AM GMT| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....
The controversial life of coal mining magnate Ivan Glasenberg
December 09, 2020 03:08 AM GMT| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 09, 2020 02:53 AM GMT| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 09, 2020 02:11 AM GMT| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
FTSE 100 managed to end in green with a marginal gain; Nasdaq made new highs
December 08, 2020 05:40 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 11.96 points or 0.32 per cent lower at 3,680.00, Dow Jones Industrial Average Index declined by 47.37 points or 0.16 per cent lower at 30,022....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 12:44 PM GMT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 12:02 PM GMT| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
November Retail Sales in The UK Decline, High Street Footfall Fell By 63.9%
December 08, 2020 11:56 AM GMT| By Kunal SawhneyThe retail footfall data published by BRC ShopperTrak for the month of November clearly shows the deep damage the industry suffered because of the second lockdown. The UK government had imposed the second lockdown from 5 November to 2 Decem.....
Coral Products Plc (LON: CRU) reports a 12.3% decline in H1 FY21 sales
December 08, 2020 11:00 AM GMT| By Team Kalkine MediaCoral Products Plc (LON: CRU) has released its half yearly report for the six months ended 31 October 2020. Group sales for the reported period declined by 12.3 per cent to £10.65 million as compared to £12.14 million for the s...
Ofcom suggests major overhaul for the survival of public service broadcasting
December 08, 2020 10:59 AM GMT| By Team Kalkine MediaOfcom, the regulatory and competition authority of the UK for the broadcasting, telecommunications and postal industries, has warned that traditional UK broadcasting is at risk without drastic revamp. The regulator in its study Small Scree...
Rolls-Royce (LON: RR.) to sell nuclear instrument business to French firm
December 08, 2020 10:58 AM GMT| By Team Kalkine MediaRolls-Royce Holdings Plc (LON: RR.) has said that it will sell its civil nuclear instrumentation and control business to France-based Framatome, which is into the nuclear reactor business, for an undisclosed amount. The plane engine maker...
Shell (LON: RDSA) in acquisition talk of the Post Office’s broadband business
December 08, 2020 10:57 AM GMT| By Team Kalkine MediaAnglo-Dutch oil major Royal Dutch Shell Plc (LON: RDSA) is said to be in a discussion to acquire the Post Office’s broadband business. Shell has emerged as the favoured bidder in the last few days with TalkTalk and Sky also in the le...
Toyota not planning investment in battery electric cars in the UK until after 2027
December 08, 2020 10:53 AM GMT| By Team Kalkine MediaIn a big blow to the ‘move away from fossil fuels’ initiative, Toyota has decided not to invest in building battery electric cars in Britain until 2027. CEO Johan van Zyl has said that hybrid cars would be the only option for t...
It is V-day in Britain: Pfizer-BioNTech’s Covid-19 vaccine to start rolling out
December 08, 2020 09:08 AM GMT| By Hina ChowdharySummary Britain is the first western country to start the vaccination program on 8 December The NHS frontline staff, care home residents, and people above the age of 80 will be initially administered the vaccine Britain has become .....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 08:25 AM GMT| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 07:42 AM GMT| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
UK government might drop key clauses in case of a Brexit deal
December 08, 2020 07:01 AM GMT| By Team Kalkine MediaThe UK government said that it could remove those clauses in its legislation which breach the Brexit deal with the European Union. It might also review the provisions in another bill in case the talks on the Withdrawal Agreement proceed any further.....
