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Economy
Australia’s June quarter GDP beats expectations; grows 0.7%
September 01, 2021 01:11 PM AEST| By Furquan MoharkanHighlights The GDP for the June quarter has grown 0.7%, 30 bps over expectations, Consumption drove Australia’s growth story. Terms of trade were at record high level. Beating the market expectations, the Australian economy grew by .....
Asia Pacific markets close in green
August 30, 2021 08:35 PM AEST| By Furquan MoharkanHighlights Most APAC markets began the week on a positive note. Australia recorded an unprecedented surge in fresh COVID-19 cases. Investors are keeping track of Meituan results. Asia Pacific shares on Monday closed mostly in the green, w.....
Lockdowns hurt Australian retail sales; steepest monthly decline in July
August 29, 2021 12:30 AM AEST| By Team Kalkine MediaThe lockdowns in major cities in Australia continued to bite customers as retail sales in the country fell 2.7% in the month of July 2021. This is the largest monthly fall this year and follows a fall of 1.8% in June 2021, after a rise of 0.4% in Ma...
Australia sees 277,674 business exits amid COVID-19 pandemic
August 29, 2021 12:08 AM AEST| By Furquan MoharkanIn the financial year 2020-21, when the world is grappling with the economic and mental impact of the COVID-19 pandemic, Australia saw 277,674 businesses exiting the trade – the lowest in three years. According to the latest data released by t...
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ANZ anticipates Australian housing prices to increase further in 2021
August 28, 2021 12:39 AM AEST| By Sonal SinhaHighlights Australia and New Zealand Banking Group Limited has projected that the housing prices would increase up to 20% in Australia. In Canberra, Sydney and Hobart, Brisbane and Melbourne, the property prices would increase by 24%, 23%.....
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How is cloud computing shaping the future of the healthcare industry?
August 28, 2021 12:10 AM AEST| By Tripti JoshiHighlights Cloud computing in healthcare is making a positive change in several ways, including cost reduction in health-related services. Telemedicine, artificial intelligence, virtual reality, internet of medical things are some key tre.....
Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech
August 27, 2021 04:11 PM AEST| By Furquan MoharkanAsia-Pacific shares were trading mixed on Friday as investors remained guarded ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell will be speaking. In Australia, the benchmark ASX200 pared early losses o...
How many international airlines are still flying to Australia?
August 26, 2021 12:54 PM AEST| By AshishEven as the international borders remained closed for passengers for the last many months, a few airlines flew in and out of Australia, benefitting from quarantine-free travel corridors and specially organised repatriation flights. More airlines a.....
APAC markets start the week on a high, major indices surge 2%
August 23, 2021 06:21 PM AEST| By Furquan MoharkanEquity markets in the Asia Pacific (APAC) region were rallying on Monday morning after the Hong Kong markets bounced back from last week’s bearish trend. By Monday afternoon, the benchmark Hang Seng Index of Hong Kong was trading 1.78% higher,...
Should Australia take a leaf out of India’s book to handle economy amid COVID-19?
August 23, 2021 12:10 PM AEST| By Furquan MoharkanBack in November 2018, when Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi adopted the India Economic Strategy 2035 at Hotel Amora Jamison in Sydney, an excited Mr Morrison spent a considerable part of speech on his...
The week ahead: Key economic events to watch
August 20, 2021 06:43 PM AEST| By Team Kalkine MediaHighlights The recent wave of the Delta variant has posed a significant roadblock in the path to global economic recovery. The key economic announcements lined up ahead would provide better insight into how world leaders are planning to fight t.....
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Afterpay Day 2021: Check out the best fashion and tech deals
August 19, 2021 04:31 PM AEST| By AshishHighlights Afterpay is back with its sale event, which occurs twice a year. The four-day Afterpay sale, which began at 7 AM (AEST) on 19 August, is offering discounts as high as 70% on popular brands. Major deals are spread across fashion, bea.....
A quick look at 10 most influential economists
August 19, 2021 12:27 PM AEST| By Team Kalkine MediaAs a field of study, economics has taken a diverse path over years, which is characterised by rapid developments and changing philosophies. Meanwhile, the field has witnessed several monumental changes/new ideologies over the course of time and has.....
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How are low interest rates helping Canada & US?
August 13, 2021 11:30 PM AEST| By Ankit SethiHighlights In March 2020, the Bank of Canada cut its benchmark interest rates to 0.25 per cent. In the wake of the pandemic, the US Federal Reserve has also maintained interest rates at record-low levels. Inflation is high in both the US and C.....
The week ahead: Key economic data to watch
August 13, 2021 05:33 PM AEST| By Team Kalkine MediaSummary Most countries remain positioned to face higher levels of inflation as economic recovery takes shape across the globe. The economic revival has not been uniform across nations, with some countries still struggling to contain the v.....
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When will Australia lift international travel ban?
August 13, 2021 04:26 PM AEST| By AshishSneh Gandha, a 63-year-old from Jalandhar, India, has been, without fail, tracking updates daily on the existing coronavirus scenario in Australia. Her elder son Sumeet resides in Sydney, the capital city of New South Wales (NSW), which was last he.....
How will the Melbourne lockdown affect the economy?
August 11, 2021 06:01 PM AEST| By Daniel Paul JohnsSummary Victorian Premier Daniel Andrews has extended Melbourne’s lockdown by another week. Yesterday, Victoria recorded 20 newly acquired COVID-19 cases from 41,571 test results. The federal government said the country would reopen agai.....
Crude oil marks worst run in four months as COVID-19 hits demand outlook
August 10, 2021 10:50 AM AEST| By Furquan MoharkanCrude oil prices are witnessing their worst run in about four months as concerns about the softened demand have resurfaced in the global oil market. The prices of Brent Crude Oil Futures for October 2021 have crashed 9.3% in the current month as the...
Sydney payroll jobs plummet 4.4% as lockdown deals a major blow
August 08, 2021 12:53 AM AEST| By Furquan MoharkanPayroll jobs in New South Wales (NSW) dropped by 4.4% in the first fortnight of July 2021, as the COVID-19 lockdown hit the economy hard. According to the latest data put out by the Australian Bureau of Statistics (ABS), payroll jobs fell 2.4% natio...
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How hospitality sector desires to overcome ‘Pingdemic’ hurdles
August 06, 2021 10:09 PM AEST| By AbhijeetSummary Hospitality sector has been the worst-hit industries in last 16 months Pingdemic is hurting the businesses and operations as firms face staff shortages UKHospitality has welcomed the proactive initiative of pinging the people Th.....
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