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Economy
Quick update on all the biggest global economic announcements for the day
March 17, 2021 01:31 AM AEDT| By Team Kalkine MediaSource:© Sema8841 | Megapixl.com What’s happening at the RBA front? The Reserve Bank of Australia or the RBA has reconfirmed that it will continue to maintain record low interest rates and will continue to maintain its targets...
Is Australia-Singapore travel bubble on the cards?
March 15, 2021 02:20 PM AEDT| By Team Kalkine MediaSource: DimaBerlin,Shutterstock Summary In a bid to revive the flagging tourism industry, Australia and Singapore are planning a travel bubble. The plan would allow residents from both countries to travel without following quarantine prot...
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RBA Governor Lowe highlights Australia’s improving economic conditions
March 10, 2021 07:35 PM AEDT| By Team Kalkine MediaSource: EyeofPaul, Shutterstock Summary RBA governor Philip Lowe laid out a positive outlook for the Australian economy in his speech at the AFR business summit. GDP grew 3.1% in December and the unemployment rate saw a higher-than-expec...
How filled jobs in Australia recovered during March, June quarters
March 10, 2021 03:33 PM AEDT| By AshishSource: Master1305,Shutterstock Summary The Australian economy regained nearly seven of 10 filled jobs lost during the March and June quarters. The filled jobs rose by 2.9 per cent in the December quarter 2020, the data released by the Au...
Philip Lowe: Interest rate unlikely to change until wage growth improves
March 10, 2021 03:20 PM AEDT| By Team Kalkine MediaSource: Number1411 ,Shutterstock Summary RBA governor Philip Lowe attributed “materially” lower wage growth as an obstacle to the inflation rate meeting the expected target. The current wage growth of 1.4% is a major roadblock...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Why NAB brushed aside inflation fears
March 09, 2021 01:35 PM AEDT| By AshishSource: Tero Vesalainen, Shutterstock Summary National Australia Bank (NAB) said that inflation was not expected to meet the Reserve Bank of Australia’s (RBA) target of 2-3 per cent before 2024. Besides, the gap between the actual a...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 09:31 PM AEDT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
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How is Australia’s growing BNPL sector faring?
March 08, 2021 04:43 PM AEDT| By Team Kalkine Mediaof BNPL customers in financial turmoil held more than one account with BNPL companies. The BNPL sector has seen unmatched levels of growth over the previous months. Consequently, this has further mandated the need for the sector to undergo regu....
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Is gender pay gap a reason for women to not own properties?
March 08, 2021 04:25 PM AEDT| By Team Kalkine MediaSource: 4 PM production,Shutterstock Summary According to the research conducted by CoreLogic, women are way behind when it comes to owning a property on their own . The CoreLogic’s women and property report reflects that women's income,...
What powered NZ economy to tide over COVID-19 storm
March 08, 2021 01:23 PM AEDT| By AshishSource: jijomathaidesigners ,Shutterstock Summary Despite the continued struggle with the closure of the borders, the domestic economy has weathered the COVID-19 storm better than expected, Westpac said in its latest weekly market commenta...
Auckland home builders faced supply constraints in Dec quarter: Stats NZ
March 05, 2021 02:09 PM AEDT| By Team Kalkine MediaSource: grandbrothers,Shutterstock Summary Home builders in Auckland have reported a rise in supply pressures. Survey revealed greater impact from availability of materials and equipment for residential building in Auckland than non-resid...
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How Bond Yields impact an economy
March 05, 2021 01:29 PM AEDT| By Team Kalkine MediaSource:husjur02,Shutterstock Summary US 10-year Treasury yield crossed the 1.6% mark and hit a one-year high last week following vaccine rollout and Biden government’s anticipated stimulus package. Bond yields have an impact on the economy...
New GMC Hummer EV’s crabwalk feature set to enrich driving experience
March 04, 2021 03:50 PM AEDT| By AshishSource:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video, the electric vehicle was seen criss-crossing across snow, while performing some adventurous moves...
Australian GDP growth smashes 60-year record, economy picking up steam
March 03, 2021 07:06 PM AEDT| By Team Kalkine MediaSource: patpitchaya, Shutterstock Summary Australian GDP rose by 3.1% during the December quarter, beating previous expectations by a large margin. The ABS reports that it was for the first time in 60 years that see GDP growth exceeded 3% for tw...
Payroll jobs fall in Victoria, Western Australia;Frydenberg bats for high GDP numbers
March 03, 2021 04:16 PM AEDT| By AshishSource:Wright Studio ,Shutterstock Summary The payroll jobs increased in all states except Victoria and Western Australia in the fortnight to 13 February 2021 due to the coronavirus-induced restrictions. While the payroll jobs fell by 0....
Housing prices in Australia highest in 13 years
March 03, 2021 02:48 PM AEDT| By Team Kalkine Mediahe HomeBuilder grant, as well as record-low interest rates, led to the housing sector boom. The Australian housing market hit the headlines Wednesday as it saw the highest monthly price surge since 2003. House prices went up 2.1% in February aft...
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What ABS data shows about long-term rates in Australia?
March 02, 2021 07:43 PM AEDT| By TribhuwanSource: wutzkohphoto, Shutterstock Long term rates are now well above short term rates, indicating that long term economic prospects are promising. Economic activities are resuming in the country as evident by rising government tax revenues. Austr...
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Strong Demand Lifts Factory Activity Across the Globe in February
March 02, 2021 06:13 PM AEDT| By Daminiis further expected to push demand and factory activity over the near term. Without a doubt, COVID-19-driven lockdown restrictions initially weighed heavily on the services sector, interrupting factory activity worldwide. However, the recent pi....
RBA continues with quantitative easing, leaves interest rates unchanged
March 02, 2021 04:08 PM AEDT| By AshishSource: EyeofPaul,Shutterstock Summary The Reserve Bank of Australia (RBA) on Tuesday kept the interest rates unchanged at 0.1 per cent and maintained its commitment towards the quantitative easing programme. The decision to persist...
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