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TSX Continues Fall On Second Straight Day, Drops 70 Points
January 22, 2021 03:21 PM EST| By Team Kalkine MediaTSX Composite index went downhill on the second consecutive day, declining by 70 points or 0.39% to 17,845.91. Weakness in high-weightage TSX constituents’ energy, financials and industrials sectors pulled down the index. The TSX energy index f...
Prisa (BME: PRS) shares skyrocket 21% as Vivendi (EPA: VIV) agrees to acquire 7.6% stake
January 22, 2021 10:42 AM EST| By Hina ChowdharyShares of Madrid-headquartered media conglomerate Prisa, Promotora de Informaciones, SA, (BME: PRS), skyrocketed more than 21 per cent, on Friday, after the Paris-based media giant Vivendi (EPA: VIV) agreed to acquire 7.6 per...
Is it time for Australian traditional financial institutions to embrace cryptocurrencies?
January 23, 2021 02:05 AM AEDT| By Team Kalkine MediaIn Australia, cryptocurrency adoption is rising as more and more people are getting aware of the trending virtual currency. According to a recent survey carried by Independent Reserve, and the Australian crypto exchange, 18.4 per cent of Australian.....
EU car sales report worst-ever decline 2020, thanks to the COVID-19 Pandemic
January 22, 2021 09:57 AM EST| By Hina ChowdharyDespite moving into the new year, the pandemic-related challenges continue to affect the world economy with no quick-fix in sight at the moment. 2020 was a defining year in many ways due to the significant challenges faced by societies and busines.....
How will Biden's Presidency impact the US energy industry?
January 22, 2021 09:54 AM EST| By Kunal SawhneyShutterstock Image Joe Biden sworn in as the 46th U.S. president on Wednesday evening, just seven days after Donald Trump's allies declined to acknowledge the then incumbent President's defeat. On the very first day after taking the charge,.....
Volatile Bitcoin Plunges 11%, Ethereum Reclaims US$-1200 Mark
January 23, 2021 01:51 AM AEDT| By Hina ChowdharyBitcoin continued displaying volatility, dipping by 10.8 per cent on Friday morning. The virtual token plunged to US$ 28,845.31, after opening at US$ 32340.44*. The fall came over increased regulation concerns on cryptocurrencies. This also reflec.....
What Is Carbon Capture Technology & Why Is Everyone Talking About It?
January 22, 2021 09:48 AM EST| By Kunal SawhneyTesla Inc and SpaceX founder Elon Musk is back with yet another viral search engine query. In one of his latest tweets, the billionaire said he will put US$ 100 million towards a prize for whoever comes up with the best carbon capture technology. Mr...
Energy and Mining Stocks Drag TSX Composite Down
January 21, 2021 05:44 PM EST| By Team Kalkine MediaCanadian stocks traded lower on Thursday, with the broader equity gauge doffing ~99 points or 0.55% to 17,916.20. During Thursday’s session, the S&P/TSX Composite Index tested an intraday of 18,018.30 and an intraday low of 17,870.25. Ener...
Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?
January 21, 2021 11:42 AM EST| By Team Kalkine MediaAs promised by Joe Biden and feared by Canadian oil producers, the brand new US president overturned Donald Trump’s permit for Keystone XL pipeline construction hours after taking office. This has led to many experts questioning whether the Tru...
Loonie Nears 3-Year High As Bank Of Canada Maintains Status Quo
January 21, 2021 11:35 AM EST| By Team Kalkine MediaThe Canadian dollar (CAD) jumped to a three-year high level vis-à-vis U.S. dollar (USD) on Wednesday, January 20, after the Bank of Canada took a stance against slashing interest rates. The loonie soared as much as 0.84 per cent to 0.....
Pfizer-BioNTech COVID Shot May Be Powerful Enough To Beat UK Variant
January 21, 2021 08:54 AM EST| By Hina ChowdharySummary Results of a new study show that the Pfizer-BioNTech COVID-19 vaccine may have the capability to neutralize the new mutant coronavirus variant found in Britain. While the results were not conclusive, they have been described as “p.....
Canada’s 0.7% Inflation Rise In 2020 Was Slowest Climb Since 2009
January 21, 2021 06:39 AM EST| By Team Kalkine MediaAs Canadians tightened their pockets and adapted to a life indoors amid the coronavirus pandemic, Canada’s annual inflation level slowed down to an average of 0.7 per cent in 2020, reported Statistics Canada on Wednesday, January 20. This de.....
Kiwi Chris Liddell withdraws from race to head OECD after landing into controversies
January 21, 2021 03:18 AM EST| By Team Kalkine MediaExpat New Zealander Chris Liddell backed out of the race to head the Organisation for Economic Co-operation and Development (OECD). Lidell, who was a former US President Donald Trump’s nominee, had announced on Tuesday that he was withdrawing h...
Biden signs order for US to rejoin Paris climate accord
January 20, 2021 11:16 PM EST| By Team Kalkine MediaHours after taking oath as the President of the United States on Wednesday, Joe Biden announced that the US will rejoin the Paris climate agreement. In one of his first actions in the White House, Biden signed an executive order that will see the U.....
Trump a no-show as Biden swears in as US president
January 20, 2021 07:53 PM EST| By Kunal SawhneyDemocrat Joe Biden was sworn in as the 46th President of the United States on Wednesday, taking over reins from outgoing President Donald Trump. Biden, 78, is the oldest president in US history. Earlier, Biden had served as Vice President under for.....
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North American Stock Markets On A High As Biden Takes Charge
January 20, 2021 05:45 PM EST| By Team Kalkine MediaAs Joe Biden, the 46th President of the United States, took charge of the Oval Office, the broader indices of both Canada and the United States rallied. The S&P/TSX Composite, the largely tracked equity index in Canada, settled 57.54 poi...
GM & Cruise Partner with Microsoft for Self-Driving Vehicles
January 20, 2021 02:48 PM EST| By Team Kalkine MediaGeneral Motors is once again hitting the headlines after it announced a partnership with Microsoft. In a public announcement Tuesday, GMC and Cruise LLC has inked a long-term strategic relationship with Microsoft in order to give a push to the commer...
Bank of Canada Leaves Interest Rate at 0.25%, Says Economic Uncertainty Still Elevated
January 20, 2021 11:23 AM EST| By Team Kalkine MediaAmid opposing projections from analysts regarding which way the country’s key interest rate would go in the first quarter of 2021, the Bank of Canada announced on Wednesday, January 20, that it will remain unchanged at 0.25 per cent. It added t...
How Will Joe Biden’s Presidency Impact Canada?
January 20, 2021 10:20 AM EST| By Team Kalkine MediaThe United States is all set to witness yet another regime change as Democrat leaders Joe Biden and Kamala Harris take control of the White House from the Donald Trump-led Republican administration on Wednesday, January 20. And as this transition tak...
Alibaba (NYSE:BABA) Stocks Surge As Jack Ma Resurfaces After 3 Months
January 20, 2021 09:43 AM EST| By Team Kalkine MediaChinese business magnate Jack Ma finally reappeared in the public eye on Wednesday, January 19, after months of speculation about him missing since slamming the Chinese government back in October. A clip* of Mr Ma delivering a speech at the online.....
