News

Firstgas Announces its Decarbonisation Plan and Timeline

March 29, 2021 12:41 AM PDT| By Team Kalkine Media

Source: Timofey Zadvornov, Shutterstock Firstgas Group, which is a major gas provider to homes and businesses, announced its timeline to decarbonise its gas pipelines on Monday. In line with New Zealand’s Climate Change Response Programme (Zer...

Experts believe vaccinating children is key to achieving herd immunity

March 29, 2021 12:34 AM PDT| By Team Kalkine Media

Source: siam.pukkato, Shutterstock Summary With the world getting millions of COVID-19 vaccines daily, experts believe that herd immunity can only be achieved if children start getting vaccinated. Vaccine developers are conducting pediatric cl...

Are Gold and Silver Losing shine?

March 28, 2021 08:51 PM PDT| By Team Kalkine Media

Source: Olivier Le Moal, Shutterstock Summary Gold gave its first quarterly negative returns since September 2018. The rising bond yields & strengthening of the US dollar acting as a primary catalyst for the decline in precious metals...

NZ house prices could go as high as 25% by mid-2020s: Kiwibank

March 28, 2021 08:05 PM PDT| By Sonal

Source:nednapa, Shutterstock The widespread rise in property prices poses a significant challenge for the NZ government. On 23 March, the government announced many measures focussed on controlling investors who have been pushing prices up. The anno...

Element of surprise hits the Wall Street, Wipes out US$35bn in market value

March 28, 2021 01:00 AM PDT| By Team Kalkine Media

y stocks on Wall Street witnessed high volatility during the trading session. The relentless spree of block trade worth US$10.5 billion was executed during the trading session on 26 March 2021. The sudden selloff struck Wall street on Friday and...

Suez Canal congestion may clear early new week – Boskalis

March 28, 2021 12:54 AM PDT| By Team Kalkine Media

© Artistashmita | Megapixl.com Summary Suez Canal is critical to the movement of goods across the eastern and western worlds and has been at the centre of world trade since its inauguration. Boskalis, the salvager firm, has been involved...

World’s Richest Man’s firm backs Pilot, the newest Unicorn

March 28, 2021 12:50 AM PDT| By Team Kalkine Media

Source: TheCorgi, Shutterstock Summary Pilot has emerged as the newest unicorn after crossing the threshold valuation of US$1 bn. The world's richest man, Jeff Bezos' Bezos Expeditions, has invested over $100 million along with other partners...

Oil Price Volatility: Is Commodity Super Cycle Out of Order?

March 27, 2021 06:38 AM PDT| By Team Kalkine Media

Source: Red ivory, Shutterstock Summary Oil prices have increased at a steady pace this year, with WTI Crude Oil price recording a gain of over 20 per cent. Heightened volatility in the oil prices this week has again sparked discussions around t...

General Motors Could Be The Next Big Company To Accept Bitcoin

March 27, 2021 02:46 PM AEDT| By Team Kalkine Media

Source: radhikarana, Shutterstock Summary General Motors is reportedly seeking feedback on how cryptocurrency could be used for partial or full payments. It seems Tesla's move could've spiked the 113-year-old company's interest in accepting cr...

Why Are the Australian and NZ Bond Prices Rallying and Currencies Edging Lower?

March 26, 2021 09:10 AM PDT| By Manika

Source: Andrii Yalanskyi, Shutterstock Summary Australian and NZ bonds rally, but bond yields go down. After holding up for several months, the NZ & the Australian dollars weaken. Low interest rates are being cited as the reason for these...

From FUD to HODL, 10 Crypto Slangs Every Investor Should Know!

March 27, 2021 01:29 AM AEDT| By Anuj

@Kalkine Image 2020 Stock market-listed companies have fundamental terminology such as price-to-earnings ratio (P/E), debt-to-equity (D/E), return on equity (RoE), Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), etc...

US Stocks End the Week on Positive Note

March 26, 2021 12:21 AM PDT| By Team Kalkine Media

Source: Piyato, Shutterstock US markets edged higher on Friday, March 26, 2021, to close the week on a positive note as investors hedged their bets on economy-linked stocks such as energy, real estate, healthcare, consumer cyclical, and financial st...

EU could block vaccine export amid a shortage of AstraZeneca’s COVID-19 shots

March 25, 2021 11:45 PM PDT| By Team Kalkine Media

Source: Juan Roballo, Shutterstock Summary With vaccination programs in Britain and the US moving far ahead, EU leaders have warned to block the vaccine supply. The EU stated that AstraZeneca intends to deliver just 100 million out of 300 mill...

Why Nike and H&M are facing backlash in China

March 25, 2021 11:36 PM PDT| By Team Kalkine Media

> Chinese celebrities are also disassociating themselves from these brands. In a fresh incident of re-emergence of tussle between China and Western countries, fashion brands H&M and Nike are facing a boycott in China. H&M and Nik...

Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?

March 25, 2021 11:00 PM PDT| By Team Kalkine Media

Source: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...