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World news
US Stock Indexes End Week On Positive Note; Energy, Real Estate Gain
February 20, 2021 12:55 PM AEDT| By Team Kalkine MediaUS stock markets ended Friday’s session on a positive note, buoyed by encouraging manufacturing data and brightening prospects of economic recovery as investors bet big on energy, and real estate. The S&P 500 shed 0.19% to 3906.71. The D.....
Will Volkswagen’s Decision of Separately Listing Porsche Help It?
February 20, 2021 02:00 AM AEDT| By Team Kalkine MediaGermany-based automobile giant Volkswagen AG (DE: VOW) is reportedly considering listing its luxury sports car brand Porsche separately in a bid to raise capital for its electric car business and make technological investments. According t.....
IMO 2020 Marpol Convention Unfolds, Maersk to Introduce Carbon Neutral Liner by 2023
February 20, 2021 12:18 AM AEDT| By Kunal SawhneyThe maritime shipping industry is all set to mark an unprecedented shift towards cleaner fuels to reduce their carbon footprint, thanks to the implementation of the International Maritime Organisation (IMO) Annex VI of the MARPOL Convention or the .....
Is technology giant IBM pondering to sell its Watson Health business?
February 19, 2021 06:02 PM AEDT| By Team Kalkine MediaAccording to some media sources, New York-headquartered International Business Machines Corporation (NYSE:IBM) is searching for a potential buyer to sell its IBM Watson Health unit. The move could potentially help IBM’s newly appointed CEO, A.....
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US Stocks Fall, Dragged Down by Tech, Industrials; Is A Rebound On Horizon?
February 19, 2021 08:30 AM AEDT| By Team Kalkine MediaAll major US stock indexes ended lower on Thursday as the latest data showed jobless claims rose again last week and concerns of a broader economic recovery weighed on the investors’ minds. The S&P 500 plunged 0.44% to 3913.97. The Dow J.....
Facebook's Australia news ban move falsely blocks other pages, including its own
February 18, 2021 10:51 PM AEDT| By Hina ChowdharyEver since the proposed media law is being debated in the Australian parliament, the tech giants Google and Facebook expressed their non-support. They even labelled it as unworkable. The US didn’t miss the moment of warning Australia .....
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Facebook faces ire from the AU government, restores health and emergency pages
February 18, 2021 06:49 PM AEDT| By Team Kalkine MediaFacebook Inc (NYSE:FB) had today blocked several Australian media sites from sharing news stories. Additionally, ACT Health and ACT Government sites were also barred from view this morning. Facebook had made this dramatic move to ban publishers an.....
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NZDF Personnel To Bid Adieu To Afghanistan After Serving 2 Decades
February 18, 2021 01:13 PM AEDT| By Team Kalkine MediaRecently, New Zealand announced that it will retreat its defense troops, thus, culminating their 2 decades deployment in the Islamic Republic of Afghanistan. NZ Military Personnel’s Journey in Afghanistan As per the latest reports, New Zeal.....
US Markets End Lower; What's Weighing On Stocks?
February 18, 2021 09:04 AM AEDT| By Team Kalkine MediaUS stock markets ended the session lower on Wednesday after positive retail sales data failed to ignite enthusiasm among investors and uncertainties over the economic recovery remained. The S&P 500 was down 0.03% to 3931.33. The Dow Jones Indu.....
Why Morningstar Credit Ratings Is Under the SEC’s Scanner
February 18, 2021 01:45 AM AEDT| By Kunal SawhneyThe Securities Exchange Commission (SEC) has filed a lawsuit against Morningstar Credit Ratings LLC for allegedly violating provisions of laws for rating commercial mortgage-backed securities. The Morningstar has been accused of allowing it.....
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Why is the appointment of New DRC PM crucial for President Tshisekedi?
February 17, 2021 03:50 PM AEDT| By Team Kalkine MediaSama Lukonde Kyenge is the new Prime Minister of the Democratic Republic of the Congo (DRC). Until early this week, he was the head of state-owned mining company, Gécamines. The 43-year-old newly elected Prime Minister has also served as a r.....
US Markets End Mixed On Recovery, Earnings Forecast
February 17, 2021 08:46 AM AEDT| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 17, 2021 01:22 AM AEDT| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
Will Plan to Spin Off Universal Music Keep the Momentum High for Vivendi?
February 17, 2021 01:04 AM AEDT| By Kunal SawhneyShares of French media conglomerate Vivendi SA (PAR: VIV) rallied nearly 20 per cent on Monday to EUR 31.22 as the company announced its plans to list its profitable division Universal Music Group (UMG) by the end of this year. Last week, the Pari.....
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Nissan Denies Tying Up with Apple for Its Electric Car
February 16, 2021 09:29 PM AEDT| By Team Kalkine MediaJapanese automobile company Nissan (TYO: 7201) announced that it was not in talks with technology major Apple (NASDAQ: AAPL) for developing its a self-driving electric car. According to a Financial Times report, the companies had held brief.....
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Equity markets continue their uptrend; Crude oil rises to 13 months high
February 16, 2021 04:40 PM AEDT| By Kunal SawhneyOn Tuesday, Global markets held the ground firmly and continued their bull run for the 12th straight session on the back of high optimism for the global economic recovery. The low-interest rates are also forcing investors to channelise their money .....
Texans Struggle Amid Deadly Winters and Power Outages
February 16, 2021 02:44 PM AEDT| By Hina ChowdharyTexas is facing a challenging situation due to the freezing temperature and rolling power blackouts across the state. As extreme weather conditions spiked the demand for electricity, the agency responsible for managing the electric grid has ordered.....
A race against COVID-19: Meet five global vaccine developers in the fray
February 15, 2021 08:34 PM AEDT| By Kunal SawhneyVaccine development typically requires years of research, testing and additional time for large-scale manufacturing. However, this time researchers across the globe raced against the clock to develop anti-coronavirus vaccines within a year amid the.....
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 07:20 PM AEDT| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
Auckland under lockdown after 3 COVID-19 cases, Australia suspends quarantine-free travel
February 15, 2021 01:35 PM AEDT| By Team Kalkine MediaOn 14 February, New Zealand reported 3 new locally acquired coronavirus incidents in Auckland, putting the city into a 3-day lockdown. The largest city in NZ went into lockdown on 14 February with the rest of the country set at Alert Level 2. Jaci.....
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