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News
Paysafe (PSFE) stock tumbles, Oatly (OTLY) rises after Q2 earnings
August 17, 2021 02:17 AM AEST| By Team Kalkine MediaHighlights Paysafe (NYSE: PSFE) stock fell 11.18%, and Oatly (NASDAQ: OTLY) stock rose 6.43% at around 9:45 am ET after declaring their quarterly results. Paysafe’s revenue jumped 13% YoY and Oatly revenue grew 53% over the previous year...
Facebook, others to extend 2Africa cable project to four island nations
August 17, 2021 01:09 AM AEST| By Team Kalkine MediaHighlights Indian Ocean Island countries like Seychelles, Comoros, Angola, Canary Islands, and a new link to Nigeria will be part of the colossal cable network project in Africa. Facebook and Google have contributed some 80% of the recent inves...
Market cheers I3 Energy’s move to increase net operating income guidance
August 16, 2021 11:19 PM AEST| By Team Kalkine MediaHighlights Independent oil and gas company I3 Energy shares rose by over 7 per cent as it increased net operating income guidance Its July Q2 2021 net field sales estimates stood at 9,598 boepd, including its Wapiti and South Simonette acquisit...
How does Justin Sun crypto, Sun crypto, work?
August 16, 2021 09:22 PM AEST| By Daniel Paul JohnsProof-of-stake consensus platforms have become increasingly popular in 2021 following the revelation earlier this year that proof-of-work crypto mining uses excessive amounts of energy. SUN is one such crypto that operates on the popular TRON netw...
India’s largest private lender to raise US$1 billion in foreign bonds
August 16, 2021 06:26 PM AEST| By Furquan MoharkanIndia’s largest private lender HDFC Bank will be raising US$1 billion through bond issue in the foreign markets, it informed the country’s exchanges. The bank is planning to raise money through additional tier- 1 (AT1) bonds in the overs...
To Infinity and Beyond! Why Axie Infinity has made blockbuster gains this month
August 16, 2021 06:08 PM AEST| By Daniel Paul JohnsHighlights The astonishing rise of Axie Infinity, which has seen it gain nearly 2000%, in just a few months, has caught the attention of the crypto exchange, Coinbase. A non-fungible token (NFT) is a digital collectable, and in the case of Axie...
Chinese data dampens mood in APAC markets
August 16, 2021 04:22 PM AEST| By Furquan MoharkanThe bleak economic data coming in from China has managed to spook investors away from equity markets in the Asia Pacific (APAC) region. The region’s most powerful economy’s industrial production grew 6.4% in the month of July – fal...
5 cheapest power shares in New Zealand
August 16, 2021 03:52 PM AEST| By RomaHighlights New Zealand Oil and Gas announces revenue increase in the quarterly report. 25%VVFPA agreed upon by NZ Windfarms Limited. Genesis Energy joins hands with Contact Energy for long-term electricity arrangement. New Zealand Oil and...
RBNZ to raise OCR on Wednesday, by how much, is the question?
August 16, 2021 01:06 PM AEST| By ManikaThe latest employment numbers announced by Stats NZ reinforced the expectations of economists and analysts alike on the news of interest rate hike by the Reserve Bank of New Zealand (RBNZ). Some have been talking of a double hike of the official Ca...
COVID-19: Which countries are winning the vaccination race?
August 16, 2021 01:05 PM AEST| By Furquan MoharkanAs COVID-19 continues unabated, wreaking havoc in the economies across the globe, the need for vaccinating population against the virus is increasing with every passing day. The pandemic has infected 207.95 million people till now, of which 4.37 mil...
Taliban take control of Kabul as president flees
August 16, 2021 11:02 AM AEST| By Furquan MoharkanThe Afghanistan government led by President Ashraf Ghani has almost collapsed as Taliban insurgents have taken over the presidential palace in Kabul – a move that would have ramifications across the borders of Afghanistan. The insurgents took ...
Which is the best cryptocurrency you can invest right now?
August 15, 2021 02:53 PM AEST| By Kamalika GhoshHighlights Cryptocurrencies are decentralised virtual currencies based on blockchain technology. A drop in prices of the cryptocurrencies offers a smart buying opportunity for investors. What cryptocurrency you should choose will depend on a r...
Rainforest, lungs of the world, aren’t soaking enough CO2, NASA finds
August 15, 2021 01:25 PM AEST| By Team Kalkine MediaHighlights Tropical forests absorbed four times more carbon dioxide than temperate and boreal regions, but their capacity has declined, NASA study shows. Information on where and how plants absorb or emit carbon is critical to monitoring how th...
Would green hydrogen play a major role in NZ’s clean energy future?
August 15, 2021 06:00 AM AEST| By RomaHighlights Green Hydrogen can undeniably be utilised for clean energy future of New Zealand Agreement reached between Contact Energy and Genesis Energy to provide latter with renewable electricity for more than a decade, beginning 2025. Trustp...
What is CTSI crypto? How much is it worth?
August 15, 2021 12:35 AM AEST| By Team Kalkine MediaHighlights CTSI crypto coins help developers create a public blockchain that supports smart contracts. The CTSI Foundation is responsible for the platform's ecosystem; the Cartesi network. CTSI Coin can be bought by exchanging stable coins lik...
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Cardano & Ethereum: Why were these crypto coins in limelight Friday?
August 14, 2021 11:18 AM AEST| By Team Kalkine MediaHighlights Cardano’s native token soared by 17.25 percent to US$2 at 12.04 pm ET on Friday after the developer announced a timeline for its upgrade. Nigel Hemsley, Cardano’s head of delivery, announced the release date of Alonzo Pur...
Dow, S&P 500 see record close on positive economic outlook
August 14, 2021 10:44 AM AEST| By Sanjeeb BaruahThe Dow Jones Industrial Average and the S&P 500 closed the week at record highs on Friday, August 13, after better-than-expected quarterly results of some companies this week turbocharged the investors to bet on risky assets or slow-moving econo...
How is the EV movement shaping up in New Zealand?
August 14, 2021 06:00 AM AEST| By SonalHighlights Transport emissions make for nearly half of NZ’s carbon emissions. The Clean Car Discount policy was launched in June, which increased EV sales. The NZ EV market is set to grow as it offers more incentives for EV adoption.&nbs...
Airbnb (BNB) revenue up 299%, ContextLogic’s (WISH) losses rise in Q2
August 14, 2021 03:37 AM AEST| By Team Kalkine MediaHighlights Airbnb Inc. (NASDAQ: ABNB) reported revenue of US$1.3 billion, up 299% year-over-year. ContextLogic Inc. (NASDAQ: WISH) reported revenue decline of 6% to US$656 million. WISH booked a net loss of US$111 million or US$0.18 per share ...
Which indices have given the fattest 52-week returns to their investors?
August 14, 2021 12:35 AM AEST| By Furquan MoharkanEquity markets across the globe have been continuing their rally unabated for a year now – a year when economy was in doldrums and future looked bleaker than ever. During the past one year, the equity markets have sent every established notion...
