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News
Sony launches PlayStation 5 amid COVID-19 gaming boom
November 12, 2020 07:58 PM AEDT| By Kunal SawhneyOn 12 November, Sony Corp (TYP:6758) PlayStation 5 console went on sale following the launch of newest Xbox by the rival Microsoft competing for the holiday season ahead. Market leader Sony depends on big-ticket exclusive games such as Spider-Man: .....
COVID-19 vaccine breakthrough fuels US tech stocks’ sell-off
November 12, 2020 06:13 PM AEDT| By Kunal SawhneyThe US achieved a significant milestone in the direction of COVID-19 vaccine when on 09 November 2020, Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced that their mRNA-based vaccine candidate, BNT162b2 is 90% effective in preventing.....
How will Biden victory affect health insurance in the US?
November 12, 2020 05:06 PM AEDT| By Edita IvancevicAfter the US welcomed their new Democrat president Joe Biden in the most intense presidential elections ever, many Americans greeted the decision with a smile on their face. Fireworks, beeping cards, and singing pop classics could be both seen and .....
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Reserve Bank tools to impact the NZ housing market
November 12, 2020 04:33 PM AEDT| By Team Kalkine MediaMedian house prices across New Zealand have surged 19.8% YoY, with the median now at $725,000 in October 2020 compared to $605,000 in the same month last year, as per Real Estate Institute of New Zealand (REINZ). The median house price in Auckland.....
Medicinal cannabis firms’ varied views on the referendum result
November 11, 2020 04:49 PM AEDT| By Team Kalkine MediaNew Zealand has voted no to legalising cannabis in a close race, where 50.7% voted against the Cannabis Legalisation and Control bill, while 48.4% voted in support of it. A referendum on Cannabis Legalisation and Control Bill that lays out a path .....
Is Hydrogen the fuel of the future?
November 11, 2020 03:59 PM AEDT| By Edita IvancevicIn a world where the need for sustainable energy is growing by the day, engineers are facing a crucial task of finding new resources. After NASA started using hydrogen fuel for their spaceships, hydrogen as an element leapt to the limelight. It is.....
Petco plans to go public, files IPO with the US Securities and Exchange Commission
November 11, 2020 02:19 PM AEDT| By Hina ChowdharyPetco Animal Supplies Inc has announced its intentions to go public in the US after having submitted a registration form S-1 to the US Securities and Exchange Commission (SEC) for the review. However, the IPO is still in its initial stages, and the.....
RBNZ aiming towards reintroduction of LVR mortgage restrictions
November 11, 2020 02:06 PM AEDT| By Team Kalkine MediaRBNZ made a surprising declaration today (i.e. 11 November) that by next month it would discuss on a probable reintroduction of loan to value ratio (LVR) lending restrictions on banks in March 2021 amid increasing worries of a housing bubble in NZ......
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NZ might get COVID-19 vaccine by early 2021
November 10, 2020 05:49 PM AEDT| By Team Kalkine MediaAmerican drug giant Pfizer Inc. and BioNTech SE have suggested that scientific trials have shown that their vaccine averts 90% of the coronavirus infections. The results were based on an interim review done post 94 participants getting coronavirus......
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Brazil Halts Clinical Trials of Sinovac’s COVID-19 Vaccine, CoronaVac
November 10, 2020 05:26 PM AEDT| By Team Kalkine MediaAnvisa, the Brazilian health regulator, has paused the Chinese pharmaceutical company Sinovac Biotech Ltd’s (NASDAQ:SVA) COVID-19 final-stage clinical trial. The trials were put on a halt due to the detection of a severe adverse event. .....
GE Healthcare in partnership with GenesisCare to deliver improved Cancer and Cardiovascular treatments
November 10, 2020 03:33 PM AEDT| By Hina ChowdharyGE Healthcare is the healthcare division of the American multinational conglomerate, General Electric (NYSE: GE). The division alone is valued at US$16.7 billion and provides medical technology and related digital solutions on a global scale. .....
Air New Zealand issued share options. Why is it facing a backlash?
November 10, 2020 02:04 PM AEDT| By Team Kalkine MediaNew Zealand's beloved airline Air New Zealand is in the middle of yet another controversy. Since the coronavirus pandemic started, Air NZ is seeing worse days than the good ones. The airline has been called out as "tone-deaf" as it recently issued .....
Pfizer, BioNTech’s share prices jump on upbeat COVID-19 vaccine news
November 10, 2020 01:13 PM AEDT| By Team Kalkine MediaOn 9 November 2020, Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) announced that their vaccine candidate, BNT162b2 was found to be over 90% effective for the prevention of COVID-19 in Phase 3 participants with no evidence of an earlier SARS-C.....
AstraZeneca (AZN) and Regeneron (REGN) beat COVID-19 blues, report strong Q3 results
November 10, 2020 12:24 PM AEDT| By Team Kalkine MediaDuring the current reporting season, several companies have reported losses due to the impact of the ongoing pandemic. However, in the healthcare sector, some companies have witnessed moderate to high growth in revenues. This is because there have .....
What is Cryptocurrency? Is Canada Moving Towards Cashless Currency?
November 09, 2020 09:55 PM AEDT| By Team Kalkine Mediatal Currency (CBDC) As we shift towards a cashless economy, use of cryptocurrencies, Bitcoin, Litecoin, Ethereum, Stellar, stable coins and similar other digital assets have been touted as the money of the future. Cryptocurrency is finding incre...
RBNZ likely to encourage more lending through its FLP tool
November 09, 2020 01:26 PM AEDT| By Team Kalkine MediaNZ central bank Governor Adrian Orr is likely to reveal a new monetary policy instrument that will drive borrowing costs to new record lows to accelerate economic growth. The Funding for Lending Program is witnessed as a vital step in RBNZ slashing.....
Uber's food delivery business ahead in the race; Ride services taking U-turn in revenues
November 08, 2020 08:05 AM AEDT| By Kunal SawhneyGlobal e-hail company Uber Technologies Inc released a statement on Thursday stating that the demand for its food-delivery service Uber Eats rose exponentially in the latest quarter ending on 30 September 2020. However, it's signature global rides .....
European countries are re-imposing lockdowns amid the second wave of Coronavirus
November 08, 2020 08:00 AM AEDT| By Team Kalkine MediaThe Coronavirus has infected more than 48 million people on the planet in a span of mere nine months. The outbreak has been witnessed across the globe with some nations getting affected way more than others. Some of the worst-hit nations inc.....
Sneak peek at COVID-19 Vaccine frontrunners: AZN, Moderna, Pfizer, J&J
November 08, 2020 12:14 AM AEDT| By Hina ChowdharySince the outbreak of the catastrophic pandemic, SARS-CoV-2 has taken a severe toll on human life as well as economic and financial aspects. We are already close to completing a year since the emergence of the disease, and there are still several m.....
Why did the streaming video service Quibi fall?
November 08, 2020 12:10 AM AEDT| By Edita IvancevicA once-promising idea that was supposed to transform the entertainment industry and Hollywood itself, Quibi is now a long-forgotten project that tumbled sooner than anyone could have ever expected. When the world found about the project with the f.....
