News

Chinese ban adds to Bitcoin’s woes, price sinks 8%

The prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all...

Will Hiked Electricity, Gas Prices In March 2021 Quarter Affect New...

Summary Electricity prices experienced a rise in the March quarter of 2021. Gas supply prices rose due to unanticipated production drop at the Poh...

Did Colonial Pipeline Attack Drive US Oil Prices Up?

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of ga...

Yellen bats for increased taxes for businesses

Summary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labo...

Warren Buffett Buys Shares in Aon; Cuts Stake in Wells Fargo, Chevro...

Summary Berkshire Hathaway held 4,096,146 shares in Aon, worth US$ US$942.6 million, as of March 31. The conglomerate reduced its holding in Wells...

US Markets Close Lower As Tech, Telecom Stocks Retreat

US stock markets retreated for the second day on Tuesday despite some advances made by technology stocks to hold off the slide as inflation woes conti...

2 Major M&As Today: IBM-Waeg & Performance Food-Core-Mark

Summary IBM plans to buy Salesforce's European consulting partner Waeg. Performance Food to acquire Core-Mark in a US$2.5 billion deal. Ameri...

On a sticky wicket: Can Cricket bounce back to blockbuster form afte...

Summary Governments in cricket-playing nations worldwide have relaxed restrictions, somewhat allowing smaller crowds into stadiums worldwide. But t...

Elon Musk’s Flip-Flop Relationship with Crypto Oozes Irony

There have been few relationships that have captured the public’s imagination, like Elon Musk’s relationship with Bitcoin. Brad and Jen. K...

Elon Musk Superseded as the World’s Second Richest Person

On Monday, Tesla (NASDAQ:TSLA) CEO Elon Musk lost his position as the second richest person in the world as LVMH Chairman, Bernard Arnault, took the s...

Villa Maria’s parent firm FFWL put into receivership

The owner of NZ wine business Villa Maria has been put into receivership and share sale in the business will occur. Brendon Gibson​ and Neale Jackson​...

The Domino Effect: How Chia is Boosting the Demand for Hard Drives

Summary Chia, a greener alternative to more energy-consuming cryptos, debuted on the exchange at US$1600 on 3 May 2021. Chia uses a method called...

What are the Factors Impacting Bond Yields?

Summary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing i...

NFTs Explained: What is a non-fungible token and how does it work?

Summary Cryptocurrencies are talk of the town NFT (non-fungible token), is a unit of data stored in a digital ledger called a blockchain Few NFTs...

EverCommerce and Timely’s Tie-up Can Help Them Expand Client Base

Summary Wellness and health company to collaborate with beauty-based Company. The collaboration aims at creating better business for both the comp...

APAC markets trading in green; Taiwan bounces back

The equity markets in the Asia-Pacific (APAC) region were mostly trading in green on Tuesday as Taiwan led the pack with a sharp rebound. The Taiwan...

Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX...

With the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to...

COVID-19: WHO warns against ‘pandemic is over’ mindset, flags vaccin...

The World Health Organisation (WHO) has warned that the COVID-19 pandemic is far from over despite decline in the global numbers in the past two weeks...

Here’s What You Need To  Know About Commodity Supercycle

Summary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an und...

Two-Way Travel Bubble Between Cook Islands, New Zealand Commences To...

Summary Quarantine-free two-way travel arrangement kick-starts from today as Air NZ's flight took off from New Zealand to the Cook Islands. The tr...