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World news
Bumble Explodes on the Market with Bumper IPO
February 12, 2021 02:08 PM AEDT| By Team Kalkine MediaBumble Inc., which runs the female-centric dating app Bumble, went public on 11 February 2021. The company had priced its IPO at USD 43 a share, above the expected range. However, the stock started trading up around 77% at USD 76 per share in its .....
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Macquarie Group raised €1.6 billion for second stage global renewable funds
February 12, 2021 01:25 PM AEDT| By Team Kalkine MediaThe world’s leading infrastructure investor, Macquarie Group Ltd has raised €1.6 billion as a part of second stage global renewable funds. The fundraising is backed by the worldwide transition towards green energy projects. The demand fo.....
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US Stock Markets End Mixed; Can Indices Hold Onto Weekly Gains?
February 12, 2021 08:38 AM AEDT| By Team Kalkine MediaUS stock markets ended Thursday’s session on a mixed note, but investor sentiment remained high with positive encouragement from labour data and expectations of better economic growth in 2021. The S&P 500 edged up by 0.17% to 3916.38. Th.....
Ruling Against SK Innovation: Will It Impact EV Plans of Major Automakers
February 12, 2021 12:53 AM AEDT| By Hina ChowdharyAutomakers such as Ford Motor Co. and Volkswagen might witness disruption in the supply of batteries for their electric vehicles (EV) as the US International Trade Commission banned battery maker SK Innovation Co (KRX: 096770) for stealing tra.....
Tomocredit To Offer Credit Cards to People with Poor or No Credit History
February 12, 2021 12:50 AM AEDT| By Kunal SawhneySan Francisco-based start-up TomoCredit is looking to disrupt the market by offering a next-generation credit card to borrowers with no credit history. The credit card start-up is backed by Barclays and KB Investment and will offer credit card to n.....
‘Who Let the Doge Out’: Elon Musk’s tweet that did wonders for Dogecoin
February 11, 2021 07:23 PM AEDT| By Team Kalkine MediaDogecoin is once again grabbing headlines with its price reaching a record high of USD 0.8106 (intraday high on 7 February 2021) at cryptocurrency exchange Binance, and billionaire Elon Musk revelling in his purchase of the digital currency. Dogec.....
Tsunami Warning Eases But NEMA Advises People To Be On The Alert
February 11, 2021 05:38 PM AEDT| By Team Kalkine MediaOn Wednesday there was a high alert raised on coastal areas in New Zealand together with a Tsunami warning issued. This came after an earthquake of a whopping 7.7 in magnitude was experience on Wednesday in areas near New Caledonia. The warning is.....
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Are Energy Stocks Better Alternative to Tech Stocks?
February 11, 2021 02:20 PM AEDT| By Team Kalkine MediaOn the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made a new lifetime high of 8,121.84 (as on 08 February 2021). The index price is trending upward, form.....
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Qatar Eyes Top Spot With World’s Largest LNG Project
February 11, 2021 12:48 PM AEDT| By Team Kalkine MediaIn a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entailing an investment of US$28.75 billion, will involve the construction of four mega LNG trains, each .....
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What drove Twitter’s Q4 Revenue to Record High?
February 11, 2021 11:39 AM AEDT| By Team Kalkine MediaSocial media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage (mDAU) in the last quarter of 2020. Q4 2020 Financial highlights Revenue - 2020 revenue stood.....
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Why US Markets Ended Flat For Second Straight Day
February 11, 2021 08:43 AM AEDT| By Team Kalkine MediaMajor US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged market sessions recently. The S&P 500 was down 0.03% to 3909.88, while the Dow Jones Industr.....
Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%
February 11, 2021 04:42 AM AEDT| By Team Kalkine MediaAmsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign after its net profits slumped by 50 per cent year-on-year due to the Covid-induced backlash and slugg.....
Why is SF Holdings Eager to Acquire Kerry Logistics Network?
February 10, 2021 10:14 PM AEDT| By Kunal SawhneyChinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controlling stake in Hong Kong-based logistics company Kerry Logistics Network. In a bid to bolster its g.....
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Elon Musk drops hints on the timing of Starlink IPO
February 10, 2021 06:54 PM AEDT| By Team Kalkine MediaBusiness tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500 last year. Early in 2021, Musk became the world's wealthiest person, overtaking Amazon's founder .....
New Zealand gives final go-ahead to Pfizer-BioNtech’s COVID-19 vaccine
February 10, 2021 04:11 PM AEDT| By Team Kalkine MediaNZ Government gave its formal authorisation to Pfizer COVID-19 vaccine on Wednesday. Chris Hipkins COVID-19 Response Minister stated that Cabinet had given its consent to Pfizer/BioNTech vaccine and arrangements were ongoing to rollout the vaccine.....
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INSIGHTEC’s MR-guided focused ultrasound treatment approved by China’s NMPA
February 10, 2021 02:02 PM AEDT| By Team Kalkine MediaA global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Products Administration (NMPA) for its Exablate Neuro platform. NMPA is a Chinese agency which focu.....
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US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy Boost
February 10, 2021 09:14 AM AEDT| By Team Kalkine MediaS&P 500 and Dow Jones saw several ups and down during the trading session, dragged by the cyclical and utilities sectors, to end flat on Tuesday. The tech-heavy NASDAQ held its ground to shrug off the downward trend, as the anticipation of the .....
New Zealand to Impose Fundamental changes in its Relationship with Myanmar
February 10, 2021 03:49 AM AEDT| By Kunal SawhneyPrime Minister Jacinda Ardern made her stance about Myanmar clear at the press conference held post the cabinet session. As revealed by Nanaia Mahuta the foreign minister, there is going to be some major changes in the way New Zealand conducts itse.....
Why has China banned popular social media app Clubhouse?
February 09, 2021 09:08 PM AEDT| By Team Kalkine MediaThe social media app Clubhouse was blocked in China on 8 February following a brief period of unrestricted access. It is a voice-based app, which is only available for iPhone users, where people can share audio clips and share their updates or conc.....
Amazon’s green energy initiative: strikes deal to buy over 380MW of clean power
February 09, 2021 07:09 PM AEDT| By Team Kalkine MediaOnline retail giant Amazon (NASDAQ:AMZN) has progressed further on its commitment to make the Company a net-zero carbon emitter by 2040. The Seattle-headquartered firm signed an agreement to purchase 380MW of green energy produced from an offshore .....
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