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World news
Elon Musk Announces Temporary Break From Twitter
February 03, 2021 08:18 AM AEDT| By Team Kalkine MediaTesla CEO Elon Musk’s decision to keep off Twitter for a while has generated quite a bit of interest among his avowed followers on social media on Tuesday. The Tesla CEO has been active on Twitter recently with his animated comments on a var.....
Eaton Corp Buys Cobham Mission Systems For £2 Billion
February 03, 2021 02:41 AM AEDT| By Kunal SawhneyAmerican Irish-domiciled multinational engineering firm Eaton Corporation Plc (NYSE: ETN) has bought British aerospace manufacturing company Cobham Limited’s air-to-air refuelling arm for £2 billion. The amount paid by Eaton for Co.....
Wheels Up eyes NYSE with enterprise value of $2.1 billion
February 03, 2021 01:18 AM AEDT| By Kunal SawhneyWheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company notching an enterprise value of $2.1 billion after its merger with Aspirational Consumer L.....
NZ government decides to remove hazardous material from Mataura warehouse
February 02, 2021 06:21 PM AEDT| By Team Kalkine MediaIn a significant move and after prolonged discussions, the NZ Government has decided that tonnes of hazardous material lying in Mataura warehouse be moved to Tiwai at the New Zealand Aluminium Smelters Limited (NZAS) site. The ouvea premix .....
GME shares tank after short squeeze; 4Q earnings due
February 02, 2021 04:41 PM AEDT| By Team Kalkine MediaGameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77%. The recent momentum in silver prices has also cooled off after CME raised margins on the precio.....
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Robinhood raises USD 3.4B to support its burgeoning customer base
February 02, 2021 03:56 PM AEDT| By Hina ChowdharyOnline trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing customer base, the fintech company raised USD 3.4 billion through a private placement. The funding come.....
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Silver lining for Wall Street: US shares rebound as silver gets attention
February 02, 2021 09:04 AM AEDT| By Kunal SawhneyThe US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks. The quick recovery comes after a steep slump in the benchmark Wall Street indices amid concerns around speculative trading frenzy and no.....
More Borrowing & Disinvestments in India’s 2021 Union Budget
February 01, 2021 11:31 PM AEDT| By Kunal SawhneyCanada and the US, which have a significant population of Indian origin, showed a keen interest in India’s annual budget presented in parliament on Monday by Finance Minister Nirmala Sitharaman. The Indian budget has drawn keen inter.....
Is NZ on its way to success yet again? Zero new COVID-19 case recorded on 1 February
February 01, 2021 07:37 PM AEDT| By Team Kalkine MediaNZ Ministry of Health updated on 1 February 2021 that it recorded zero new COVID-19 case. It was further reported that the previously reported single case has also recovered now. Besides this, there was another case which has now been classified as.....
How GameStop short squeeze roiled Wall Street
February 01, 2021 02:57 PM AEDT| By Kunal SawhneyThe US stock market, beginning January 2021, witnessed a ‘short squeeze’ on select stocks such as GameStop amid a coordinated effort by retail investors on Reddit to keep their prices higher. Since the stock prices skyrocketed in no tim.....
Is NZ on track to slash its greenhouse gas emissions and achieve 2050 targets?
February 01, 2021 02:27 PM AEDT| By Team Kalkine MediaIn a recent report it has been revealed that New Zealand requires to further manage their greenhouse emissions in order to be able to meet the Paris Agreement. Over the span of the next few years there is need to bring down the levels of emissions .....
Medsafe could give its go-ahead to Pfizer-BioNtech vaccine Tuesday
February 01, 2021 01:25 PM AEDT| By Team Kalkine MediaOn 26 January 2021, NZ government declared that Medicines regulator Medsafe would take a decision on the approval of Pfizer and BioNTech vaccine after taking advice and recommendations from the Medicines Assessment Advisory Committee (MAAC). MAAC w.....
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US shares end worst week since October; Dow down over 600 points
February 01, 2021 09:23 AM AEDT| By Team Kalkine MediaThe US benchmark equity indices closed Friday’s trade on a negative note after a rally in select stocks such as GameStop triggered volatility. The shares of GameStop surged nearly 68 per cent on Friday and 400 per cent last week. The stock ro.....
MPI’s Rural Community Hubs Programme focuses on the wellness of new moms
January 31, 2021 12:28 AM AEDT| By Kunal SawhneyIt was recently reported that The Ministry for Primary Industries had launched a project to manage the health and wellness of mothers staying in the rural Tapawera region of the Tasman. This mother’s group has been created by the Tapawera Con.....
Mission Possible Partnership brings 400 global leaders to accelerate worldwide decarbonisation
January 30, 2021 01:23 AM AEDT| By Team Kalkine MediaThe Mission Possible Partnership (MPP), another alliance framed to quicken the decarbonisation of worldwide industries addressing 30% of worldwide emissions was launched on 27 January 2021, at the Davos Agenda. The MPP was formed on the back of fo.....
German software company SAP SE (NYSE: SAP) announces results
January 29, 2021 11:17 PM AEDT| By Team Kalkine MediaGermany-headquartered multinational software company SAP SE (NYSE: SAP) released its results for the fourth quarter of FY 2020 along with the full year results on Friday, 29 January. The report highlighted that the.....
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 08:51 PM AEDT| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
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Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 04:27 PM AEDT| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
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Retail brokers block long trades on GameStop shares
January 29, 2021 04:20 PM AEDT| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 29, 2021 03:42 PM AEDT| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
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