News

FMA condemns NZX for inadequate technological systems

The financial markets regulator (FMA) of New Zealand said that New Zealand Stock Exchange (NZX) was inefficient to handle its technological systems. T...

US stocks recover from slump; Dow gains over 300 points

The US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline...

Apple Hits All-Time High Revenue in December Quarter

Source:ShutterstockProfessional, Shutterstock Summary Apple witnessed double-digit growth in each product category during December quarter. Qua...

Dogecoin Soars By 240%: What’s Behind This All-Time High Rally?

The dog-symbol crypto-coin, dogecoin, shot up by over 240 per cent in less than 24 hours after a popular but unverified twitter handle posted about th...

US Economy Sees Largest Decline Since WWII But Recovery On Track

Source: Natee K Jindakum, Shutterstock Summary US economy contracts by 3.5 percent in 2020, biggest plunge since WWII. Number of jobless c...

Lab tests confirm BioNTech (NASDAQ: BNTX), Pfizer vaccine effective ...

  A new laboratory test report that analysed the coronavirus candidate of BioNTech/Pfizer has revealed that the jab is prote...

New Zealand’s lowest dairy carbon emissions show country using effec...

A recent study has revealed that New Zealand dairy has one of the lowest carbon footprints among 18 other nations. New Zealand beats countries like D...

After Saudi Arabia, Iraq pitches in with Crude Oil production cut

Iraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra producti...

Tech giants report earnings: How did Apple & Tesla fare

Technology giants Apple and Facebook turned in profitable revenue reports amid high expectations for the holiday quarter. However, Tesla has provided...

Auckland’s average Housing rent expected to crack $600 per week

According to latest report, the average Auckland rent increased to $595 per week in December 2020. This represents a 2.1% increase on the average rent...

US stocks fall after Fed’s commentary; Dow slips 700 points

The US benchmark equity indices slipped steeply on Wednesday as the investors reacted to the Federal Reserve’s January monetary policy commentar...

Brexit rules prompt Amazon to restrict alcohol sale in Northern Irel...

  UK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of&nb...

Biden Eyes Long-Term Gain Over Short-Term Pain From Drilling Freeze

President Joe Biden’s order to halt new oil and gas leasing on federal land will have a rippling effect on the industry but it is part of his la...

Government urges Kiwis to make frequent use of NZ COVID Tracer appli...

With Coronavirus bringing about uncertainty across the world, there have been tracking apps developed to keep track of the infected person. However, i...

AstraZeneca (LON: AZN) tries to clear the air over vaccine shortage...

  British-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, t...

Can Ant Group revive its history-making IPO?

Last year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to...

Why are Dalian iron futures following a downward trend?

As President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. Th...

GameStop shares continue haunting short sellers

GameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to...

Tech Titans Shine Despite Pandemic, Post Excellent Quarterly Results

Mega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The...

New Zealand's borders expected to remain shut for the rest of 2021

The uncertainty surrounding the rollout of the Coronavirus vaccine has prompted the Prime Minister Jacinda Ardern to warn that the New Zealand border...