News

Ethereum Soars To Record High. Here’s What Caused Its Rise

Summary Ethereum, the world’s second biggest crypto asset, set a record peak of US$ 2,718.6 per token during Asian markets’ trading hou...

Deutsche Bank logs best quarterly show in 28 quarters

Summary Deutsche Bank reports net profit of EUR908 million – best in 7 years Investment banking propels 14% growth in the revenues Lesser e...

Mixed bag for APAC markets on Australia, Japan macros

Summary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSC...

Bitcoin regains lost ground on reports of JPMorgan fund 

Bitcoin (BTC), the most popular cryptocurrency, extended gain on Tuesday as investors took opportunity of the last week’s dip in prices to pile...

RBNZ To Advise Government on Debt-to-Interest Ratios By May End

Summary The RBNZ is set to make announcements on DTI restrictions and interest-only loans in late May. The government was expected to make an anno...

COVID-19 onslaught at its peak: India marks its deadliest day of pan...

The concerns over have increased manifolds, as the world’s second most populous country – India – marked its deadliest day since the...

NZ Extends Helping Hand to India Amid COVID-19 crisis

Summary India is experiencing a harrowing crisis due to COVID-19 with record infections and deaths. The NZ Government assures all possible help to...

Google shares surge on buyback worth US$50 billion

Summary Google’s shares have surged by 450 bps in the afterhours of trade. The rally has been triggered by a massive buyback. Alphabet Inc...

What caused NZ to lose top COVID-Resilient Nation's Position to Sing...

Summary Singapore is now the coronavirus pandemic's most resilient country, NZ slips down slightly by 0.1 points. Around one-fifth of the Singapor...

A Glance at NZ’s GHG Emissions Profile

About 50% of the greenhouse gas emissions in NZ arise from agricultural sector. The main source of agriculture emissions is methane (75% of agricultu...

Alphabet Shares Up 4.5% In Extended Trading On Strong Q1 Revenue Gro...

Summary Strong advertising revenue and cloud business fuelled a 34 percent year-over-year growth in first-quarter revenue. Alphabet’s net in...

Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth

Summary Microsoft’s total revenues rose 19% to US$41.7 billion, while its operating income jumped 31% to US$17 billion in the quarter ended M...

S&P 500, Dow Jones End Flat Amid Tech Earnings Blowout

The U.S. benchmark indexes S&P 500 and NASDAQ Composite declined marginally on April 27, staying close to their records set on the previous day. T...

General Electric Shares Decline As Company Posts Q1’21 Loss

Summary Aviation and healthcare segments saw their profit decline in double digits, while loss in the power and renewable segments narrowed. The c...

Amazon Stocks (NASDAQ:AMZN) Shine On Stock Split Hopes

Summary News of Amazon stock split draws fresh attention to the stocks, whose value jumped nearly 44% over the past year. Amazon is likely to anno...

Tesla’s (TSLA) Bet On Crypto & Carbon Credit: A Boon or Bane?

Investment in sustainable and eco-friendly companies is at an all-time high on the back of North American governments’ pledge to meet their zero...

NZ Dollar Gains As Fed Is expected to Keep its Dovish Stance

Summary Despite some economic recovery, Federal Reserve is set to keep its monetary policy stance unchanged Fed feels that although there is a goo...

Bitcoin Roars Back Following Last Week’s Massive Sell-Off

Summary Bitcoin rebounded significantly to AU$69,116 a coin on Monday morning after dropping to a low of AU$47,549 last week. Tesla is set to rele...

Which countries are testing the most as COVID-19 explodes?

The world is grappling with a deadly second wave of the COVID-19 pandemic. Many countries, like India, Turkey, and Brazil, as of date, are reporting i...

Can The New Government Grant Solve New Zealand’s Housing Crisis?

Summary New grant announced by the NZ government to tackle housing woes. First-time homeowners reluctant to invest. Action required to help rehab...