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World news
17 new COVID-19 cases in Sydney’s Northern Beaches: Is alarm bell ringing before Christmas?
December 18, 2020 12:08 PM AEDT| By Edita IvancevicAfter two weeks of no coronavirus community transmission, suburbs of Northern Beaches have recorded 17 new overnight cases. Thousands of residents living between Palm Beach and Spit Bridge have been warned to self-isolate. NSW Premier Gladys Bere.....
US treasury department accuses Vietnam of currency manipulation
December 17, 2020 11:08 PM AEDT| By Hina ChowdharyThe US treasury department has accused Vietnam of manipulating the foreign exchange markets to gain an advantage to its exports. In its semi-annual currency manipulation report, the department has said that it suspects Vietnam of taking measures to.....
Freedom Foods (ASX: FNP) Hives Off Snacks and Cereals Business to Arnott’s Group
December 17, 2020 09:16 PM AEDT| By Team Kalkine MediaIn a move to boost profitability, leading Australia-based food & beverage group Freedom Foods Group Limited (ASX: FNP) is hiving off its Snacks and Cereals division for around $20 million to private equity giant KKR-backed Arnott’s Group......
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Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 07:16 PM AEDT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
What are the most trustworthy COVID-19 websites?
December 17, 2020 05:40 PM AEDT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
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Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 04:41 PM AEDT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 12:57 PM AEDT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Zoom (NASDAQ: ZM) On an Expansion Drive, To Open R&D Centre in Singapore
December 17, 2020 02:02 AM AEDT| By Hina ChowdharyZoom Video Communications Inc. has said it would come up with a new R&D centre in Singapore which would hire hundreds of engineering staff to support its operations. The pandemic made the company a household name, which saw a meteoric rise in t.....
MSCI To Remove 10 Chinese Securities from GIMI Series Following US Order
December 16, 2020 10:56 PM AEDT| By Hina ChowdharyNew York-headquartered global securities index manager MSCI Inc announced on Tuesday that it would delete 10 Chinese securities from the Global Investable Market Index (GIMI) series after the US imposed restrictions on their ownerships. The changes.....
KBC Bank reports rise in Irish consumer sentiments in December
December 16, 2020 10:53 PM AEDT| By Kunal SawhneyConsumer sentiment in Ireland has bounced back strongly in December as the second lockdown in the country was withdrawn at the beginning of the month. KBC Bank, which maintains a consumer sentiment index for Ireland, has reported a value of 74.6 fo.....
Technology giants to provide sensitive information to Federal Trade Commission
December 16, 2020 08:34 PM AEDT| By Kunal SawhneyThe Federal Trade Commission (FTC) said that the major technology companies would need to provide detailed information on how they collect consumer's personal data and how they use it. The Federal regulators have decided to ask Facebook, Twitter, A.....
Alphabet’s (NASDAQ: GOOGL) Google To Face A Possible Antitrust Case in US
December 16, 2020 08:23 PM AEDT| By Kunal SawhneyGoogle seems to be in a spot of bother as a coalition of US states are expected to file an antitrust lawsuit against the global tech giant. According to media reports, Google has been accused of deliberately engineering its search engine to place i.....
Gold jumps to a one-week high on hopes of Fed stimulus
December 16, 2020 06:43 PM AEDT| By Kunal SawhneyGold prices rallied to a one week’s top today as the hopes grow for further stimulus by the US government as the Federal reserve policy decision is awaited. The price of yellow metal had dropped to a low of USD 1,820 per ounce at the start o.....
Are America’s wealthiest 1% calling dibs on COVID-19 vaccine?
December 16, 2020 06:02 PM AEDT| By Edita IvancevicAfter Pfizer’s pioneer COVID-19 vaccine received emergency approval for distribution in the US, many Americans are keenly waiting for an opportunity to get the first jab. READ MORE: Pfizer’s COVID-19 vaccine receives a go-ahead sign fr.....
Australia drags China to the WTO over barley tariffs
December 16, 2020 05:54 PM AEDT| By Edita IvancevicThe Australian government announced that it would take China to the World Trade Organisation over massive tariffs on Australian barley. The situation which arose in May has posed a significant threat to the A$2.5-billion sector. This is the first.....
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Wish to tap the US secondary market with US$1.1 billion IPO
December 16, 2020 03:59 PM AEDT| By Team Kalkine MediaAfter the successful launch of Airbnb and DoodDash’s billion-dollar IPOs, now its time for the Online retailer, Wish to hit the market. The company is coming out with an IPO of US$1.1 billion, making it the 31st IPO this year to exceed the bi.....
What’s ailing international education industry in Australia
December 16, 2020 01:23 PM AEDT| By Edita IvancevicWhen the pandemic hit the world earlier this year, international students in Australia could have never imagined the struggle they would experience in the following months. Suddenly, many international scholars started losing their part-time jobs .....
O3 Mining (CVE: OIII) Comes Up with An Upbeat PEA for Its Garrison Gold Project
December 16, 2020 01:09 AM AEDT| By Kunal SawhneyCanadian Gold miner O3 Mining has come out with its Preliminary Economic Assessment (PEA) report for one of its mining projects -- the Garrison project in Canada. The report portrays the project with a very high economic value that would push the c.....
Norwegian Cruise Line (NYSE: NCLH) highlights achievements in 2019 stewardship report
December 15, 2020 11:03 PM AEDT| By Hina ChowdharyLeading global cruise company Norwegian Cruise Line has come out with its latest stewardship report highlighting its achievements on environmental, social and governance fronts as part of its global sustainability program -- Sail & Sustain. Th.....
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