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Morgan Stanley Delivers Record Results in Q2, Net Income Up 45%
July 18, 2020 04:10 PM BST| By Team Kalkine MediaSummary Morgan Stanley recorded $13.4 billion in net revenues in 2Q 2020 with a net income of $3.2 billion. Its RoE was 15.7% and ROTCE was 17.8%. Strong market activity and performance of the Institutional Securities business helped the firm to.....
UK’s CPI Inflation Increases To 0.6% In June Aided by Games and Clothing
July 17, 2020 08:30 PM BST| By Team Kalkine MediaSummary Gaming consoles and clothing pushed UK inflation upwards during the month of June Prices of men’s clothing and women’s clothing have increased across the range CPIH 12-month inflation rate, which includes owner occupiers' h.....
Fresnillo surged by 4.55% at close of trade; FTSE 100 up 0.63%
July 17, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 8.53 points or 0.27 per cent higher at 3,224.10, Dow Jones Industrial Average Index contracted by 13.44 points or 0.05 per cent lower...
Government was not transparency regarding the £30 billion jobs plan: IFS
July 17, 2020 02:00 PM BST| By Hina ChowdharyThe Institute for Fiscal Studies (IFS), Britain’s leading thinktank said that the corona jobs plan will ultimately cost the Exchequer only £20 billion, as it slashed £8 billion worth of previously planned expenses. The &p.....
A Closer Look at Some FTSE 100 Laggards with Potential to Bounce Back
July 17, 2020 01:35 PM BST| By Kunal SawhneySummary Equity markets suffered a severe setback with the outbreak of the Coronavirus There were lots of businesses which got trapped in the Corona avalanche Lloyds Banking Group has a prudent approach to lending along with a strong balance sh.....
‘DE’fensive and ‘OF’fensive: Pivoting Strategies for FAANG Stocks set for Action
July 17, 2020 01:09 PM BST| By Team Kalkine MediaSummary It will not be an exaggeration to mention that as per NASDAQ, FAANG stocks not only withstand the market blow but also put up a “great show”. The market darlings of technology sector, FAANG stocks have grown stronger over th.....
OPEC and Allies Ease Supply Cuts, Market Goes Range-Bound; Things You Should Know
July 17, 2020 12:55 PM BST| By Team Kalkine MediaSummary The oil market is again range-bound despite supply ease by OPEC and allies as the market assesses the recent development to be balancing the demand and supply dynamics. OPEC and allies have decided to ease the production cut from a reco.....
Start-Up CEO, Fahim Saleh Hacked to Death in his New York Luxury Apartment
July 17, 2020 12:47 PM BST| By Team Kalkine MediaSummary 1) Tech CEO’s body found in luxury New York apartment. 2) A persona of interest is identified by NY Police Department, not in custody yet, 3) Tragic death of a visionary entrepreneur is a loss .....
China's Economy seems to be bouncing back from Coronavirus
July 17, 2020 10:21 AM BST| By Team Kalkine MediaSummary China reported that its second-quarter GDP expanded by 3.2% in 2020 from a year earlier as lockdown measures ended, and stimulus was stepped up to overcome the shocks emerging from coronavirus crisis. While China's industrial output ros.....
Huawei Banned from the UK’s 5G Mobile Phone Networks - UK China Lock Horns
July 17, 2020 09:14 AM BST| By Team Kalkine MediaSummary The UK is the second-largest market for Huawei outside China. Billions of pounds will be spent on removing and replacing Huawei equipment from UK telecommunication sector. Stock market likely to become unstable as Huawei exits from the.....
Bitcoin Swindle: Twitter Jams all verified accounts temporarily
July 17, 2020 07:07 AM BST| By Team Kalkine MediaThe social media platform Twitter has verified accounts of prominent individuals and corporates from valorous fields such as politics, sports, movies, and technology world. It is a powerful platform for these people to connect with the masses. When.....
Investing Tips: 4 Reasons Big Techs can always stay your best pal
July 17, 2020 05:55 AM BST| By Team Kalkine MediaSummary The technology industry is full of distinct companies that are best in what they offer along with their larger scale and bargaining power. These big tech firms enrich from network effects with rising number of users who utilise their pr.....
The Complete List Of Schemes Announced By Rishi Sunak, Chancellor, UK Treasury And Their Impact
July 16, 2020 10:19 PM BST| By Kunal SawhneyThe UK Treasury has unveiled various unprecedented stimulus plans beginning 11 March 2020 till 16 July 2020, to combat the devastating impact on the British economy, as a result of the coronavirus pandemic. It is noteworthy here that Rishi Sunak was...
How the US and UK Markets’ Performed Lately; SSE up by 2.46%
July 16, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 24.14 points or 0.75 per cent lower at 3,202.42, Dow Jones Industrial Average Index contracted by 142.53 points or 0.53 per cent lower at 26,7...
Britain’s Hospitality Industry May Not Benefit From The VAT Rate Cut
July 16, 2020 02:00 PM BST| By Hina ChowdharySummary The government had cut the VAT rates on the hospitality sector on 8 July 2020 from 20 per cent to 5 per cent which will be applicable from 15 July 2020 to 12 January 2021 While making the announcement on the rate cut Chancellor, Sunak h.....
BWA Group PLC's Share Holding in Focus
July 16, 2020 01:55 PM BST| By Team Kalkine MediaIncorporated in 1932 as an investment company, BWA Group PLC is listed on AQSE Stock Exchange. BWA Resources (UK) is a subsidiary company of BWA Group Plc, in which it has a 100 per cent stake in the shares. The company has a total of seven mineral...
BFC’s Call to Safeguard Jobs in the Fashion Industry
July 16, 2020 01:53 PM BST| By Kunal SawhneySummary The British Fashion Council (BFC) has called upon the Government to support the fashion retail businesses Oxford Economics has predicted that 240,000 direct and 110,000 indirect jobs will be lost in the British fashion industry over the.....
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Your Complete Guide: Companies Hitting the COVID-19 Vaccine Charter (Part 1)
July 16, 2020 10:03 AM BST| By Team Kalkine MediaThousands of scientists worldwide are working on more than 160 investigational vaccine candidates, and so far, none of them has been approved for use. The surge in COVID-19 cases has made the availability of a vaccine the need of the hour. Healthc.....
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A glance at Chinese Economy: rebounding or stalling?
July 16, 2020 09:36 AM BST| By Team Kalkine MediaSummary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its recently imposed National Security Law on Hong Kong. China’s relationship with the US reac.....
Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investments in Sunshine Sectors
July 16, 2020 03:00 AM BST| By Team Kalkine MediaCanada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the lockdown, the country’s economy entered a recession and markets crashed, wiping off investo.....
