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World news
T-Mobile Finalises Price to Buy Shentel Wireless Business
February 03, 2021 08:42 PM AEDT| By Team Kalkine MediaMobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets. T-Mobile is expected to shell out $1.95 billion for acquiring Shentel’s wireless business......
Pfizer-BioNTech vaccine gets Medsafe’s go-ahead for roll-out in New Zealand
February 03, 2021 07:10 PM AEDT| By Team Kalkine MediaNew Zealand’s medicine regulator Medsafe Wednesday gave provisional approval to roll-out the Pfizer/BioNTech vaccine but the date of arrival of the medicine shipment is yet to be provided. On 3 February, Prime Minister Jacinda Ardern welcomed...
Buying frenzy cools off; is there any steam left in GameStop short squeeze?
February 03, 2021 06:34 PM AEDT| By Kunal SawhneyThe rally in GameStop has probably come to an end as the share price tanked by a massive 60 per cent on Tuesday and closed the session at US$90. The unprecedented volatility seen in this counter is still quite high. However, it is the first time si.....
Myanmar Coup Explained: Here’s What Exactly Happened
February 03, 2021 05:19 PM AEDT| By Hina ChowdharyThe reports of an unfolding military coup in Myanmar have shocked the world. The military has reportedly detained National League for Democracy (NLD) party's prominent leader Aung San Suu Kyi and other leaders. Suu Kyi won the November 2020 polls .....
Who is replacing Jeff Bezos as Amazon CEO?
February 03, 2021 03:05 PM AEDT| By Team Kalkine MediaEven before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon announced that Bezos would step down and take up the role of executive chairman. The company announced .....
Oil Giant BP Posts Dismal Annual Performance; Q4 Numbers Improve
February 03, 2021 01:33 PM AEDT| By Kunal SawhneyGlobal oil & gas trading giant British Petroleum (BP) has announced the fourth-quarter and full-year 2020 results. The Company registered an underlying replacement cost profit of $0.1 billion in Q4 ended 31 December 2020, which remained in...
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Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 01:08 PM AEDT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
Will tough times force oil majors ExxonMobil and Chevron into a merger?
February 03, 2021 11:18 AM AEDT| By Team Kalkine MediaThe crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) across the table to discuss a possible merger. According to medi.....
US stocks extend gains after GameStop reversal continues
February 03, 2021 08:45 AM AEDT| By Hina ChowdharyExtending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mania around speculative retail trading continued to ease in the market after the video game stock fel.....
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 .....
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