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World news
Is India’s central bank set to roll out its own digital currency?
July 22, 2021 07:44 PM PDT| By Furquan MoharkanIndia – the world’s most populous country and a start-up hub – is likely to start its official central bank-backed digital currency (CBDC) soon. “RBI is currently working towards a phased implementation strategy and examining...
US stocks end flat after spike in jobless benefits claims
July 22, 2021 02:34 PM PDT| By Sanjeeb BaruahUS stocks closed flat on Thursday, July 22, after two consecutive sessions of solid gains as investors weighed a sudden spike in unemployment benefits claims and threats from Covid’s Delta mutant. The S&P 500 was up 0.20% to 4,367.48. The...
What does Biden administration’s latest move on cryptocurrency mean for investors?
July 21, 2021 08:41 PM PDT| By Furquan MoharkanThere have long been concerns surrounding the underground economy supported by cryptocurrencies. Few years back, the global drug trafficking was also alleged to be supported by digital currencies. With more and more formalisation of cryptocurrencies,...
What is brewing in the APAC markets?
July 21, 2021 07:51 PM PDT| By Furquan MoharkanIt has been a mixed week for the Asia Pacific (APAC) equity markets – at least till now. While the key benchmarks across the region tanked in the beginning of the week, they recovered most of the losses in Wednesday’s rally. The trigger...
Worried about COVID-19? Here’s what you can do to stave off the virus
July 21, 2021 06:33 PM PDT| By Furquan MoharkanIn May, when India hit the second wave peak, the world hoped that the virus might have been gone for good. But the tenacious virus seems to have another plan. The virus can beat any mobile phone maker fair and square, when it comes to upgrades. The v...
US stocks surge on robust earnings reports
July 21, 2021 02:47 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 21, continuing their gains from the previous session as positive quarterly earnings reports lifted the investors' sentiments. The S&P 500 was up 0.82% to 4,358.69. The Dow Jones gained 0.83%...
How Bitcoin went from offering 122% YTD return to being an underperformer
July 20, 2021 09:03 PM PDT| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation In April 2021, when the world’s largest cryptocurrency – Bitcoin – touched the US$64,000 mark, it enthralled its investors with a whopping year-...
APAC markets bounce back in green on Wall Street rebound
July 20, 2021 07:03 PM PDT| By Furquan MoharkanSummary APAC markets have made a strong comeback. Australia, Japan are among the region’s star performers. Chinese shares remain flat. The equity markets in the Asia Pacific region rebounded on Wednesday after a day of huge losses y.....
COVID-19 fears continue to loom large on Tokyo Olympics
July 20, 2021 06:09 PM PDT| By Furquan MoharkanThe fears about a resurgence of the COVID-19 pandemic are still weighing heavy on Olympics 2020, as officials didn’t rule out the eleventh-hour cancellation. More and more athletes have started testing positive for the virus, and sponsors have...
New Zealand’s UN ranking for cyber crime resilience takes a hit
July 20, 2021 05:40 PM PDT| By RomaSummary Opposition urges the New Zealand Government to make stringent policies against cybercrime. COVID-19 has an increased impact on the cases of cybercrime across the country. New Zealand’s UN Ranking for Cyber Crime Resilience witnes.....
US market rebounds, closes higher
July 20, 2021 02:58 PM PDT| By Team Kalkine MediaBenchmark US indices snapped Monday’s losses to close higher on Tuesday, July 20. Wall Street had witnessed a broad selloff yesterday amid concerns about the increasing coronavirus cases. However, investors today rushed to buy more shares from...
‘Best day ever’, says Jeff Bezos on Blue Origin spaceflight launch
July 20, 2021 09:40 AM PDT| By Sanjeeb BaruahA glorious new chapter was added to the international commercial space tourism program on Tuesday. In 10 minutes and 10 seconds, Amazon founder Jeff Bezos along with a three-member crew, successfully reached space and landed back on Earth. In thes.....
Britain’s complete unlock a calculated risk or a wild blunder?
July 19, 2021 11:22 PM PDT| By Team Kalkine MediaSummary The UK government has announced easing of almost all COVID-19 restrictions. Experts have sounded alarm on Britain’s unlock strategy, calling it a threat to the world and a potential ground for the emergence of COVID-19 variants th.....
Take a look at top 10 global renewable energy stocks
July 19, 2021 10:56 PM PDT| By ManikaGreen energy has been a hot topic for some years now. With companies pumping in trillions of dollars the potential for growth in clean energy stocks in huge. However, so far, the green energy stocks haven't always performed very well. Even w.....
APAC markets in red as Wall Street sees steepest decline in nine months
July 19, 2021 08:01 PM PDT| By Furquan MoharkanSummary APAC follows Wall Street into losses Hong Kong Markets worst hit India markets likely to open on positive note The ripples of Wall Street crash overnight in US were felt in the Asia Pacific region on the Tuesday morning, as the ma.....
Airline stocks crash as rising COVID-19 cases hit Wall Street hard
July 19, 2021 06:31 PM PDT| By Furquan MoharkanShares of US airline companies crashed on Monday as a spike in COVID-19 cases raised alarm bells about the economic recovery, hitting hard one of the sectors, which thrives only when the pandemic restrictions are eased. Shares of United Airlines Hol...
US stocks decline over fears of rising COVID cases
July 19, 2021 02:38 PM PDT| By Team Kalkine MediaBenchmark US indices edged lower on Monday, July 19, amid concerns over the Covid-19 cases. Investors sold off airline and cruise stocks fearing that the rebound in new cases could lead to new restrictions and delay the recovery from pandemic. The S...
India’s digital payments giant Paytm files for US$2.2 billion IPO
July 19, 2021 01:17 AM PDT| By Furquan MoharkanPaytm, the digital payments start-up of India, is set to launch its Initial Public Offering (IPO) worth INR166 billion (US$2.2 billion), it informed the country’s market regulator – Securities and Exchange Board of India (SEBI) – in...
Four days to go for Tokyo Olympics: The carnival set to begin this week
July 18, 2021 09:23 PM PDT| By Furquan MoharkanThe 2020 Summer Olympics games are just around the corner and will be held mostly in the Japanese capital city of Tokyo. Having been deferred for over a year due to the COVID-19 pandemic, the mega-sports event will begin later this week on 23 July 20...
Senate Democrats draft bill to legalize cannabis: A look at eight global cannabis shares
July 18, 2021 07:58 PM PDT| By Tripti JoshiSummary Senate Democrats plan to announce a draft bill to end the federal prohibition on cannabis and remove federal non-violent cannabis convictions. The Canadian cannabis players may benefit the most from the US federal legalization as curren.....
