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Economy
Is Australian Automotive Industry Coming Back on Track?
December 14, 2020 11:52 AM AEDT| By Team Kalkine MediaThe automotive sector, similar to most of the other sectors, has undergone a challenging time due to the unprecedented COVID-19 crisis. Lockdown restrictions heavily affected production as most of the on-site work came to a standstill. Remote worki.....
Weekly Economic Charter: S&P Downgrades NSW & Victoria Credit Ratings
December 13, 2020 12:00 AM AEDT| By Hina ChowdharyAlthough S&P Global Ratings recently maintained the stance that Australia’s AAA credit rating is rock solid, the rating agency has downgraded the long-term credit ratings of Victoria and New South Wales (NSW). Australia’s two econo.....
What is Australian media bargaining code? How will it affect Google, Facebook’s revenues
December 11, 2020 06:57 PM AEDT| By Edita Ivancevical is not sealed. After months of waiting, the ACCC (Australian Competition and Consumer Commission) has decided to force online conglomerates Google and Facebook to pay for all media content advertised on their networks. The News Media and Digi...
Is Australia out of recession?
December 09, 2020 05:47 PM AEDT| By Edita Ivancevichink that almost a million unemployed people suggest the crisis is still not over. The Australian economy officially showed enough evidence that it has bounced back from recent recession figures by offering a 3.3 per cent increase in overall GDP...
Confident December as Australian Consumer Sentiment Climbs to 10-Year High
December 09, 2020 03:10 PM AEDT| By Kunal SawhneyThe Westpac-Melbourne Institute Index of Consumer Sentiment marked a 10-year high after clocking 112 in December. The December figure reflects a 4.1% increase over the previous month. The index is now up 48% from the low in April 2020. .....
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November NAB Business Survey Notes Above Average Confidence and Conditions
December 08, 2020 01:58 PM AEDT| By Hina ChowdharyNAB Australian Economics has released the November business survey, suggesting ‘rapid rebound in the economy’ as states are easing restrictions and borders are re-opening. Business confidence and conditions are now above average......
Why can Australian house prices rise 20% in 2021?
December 07, 2020 02:42 PM AEDT| By Team Kalkine MediaWhile Australia marked a return to growth in the September quarter, the Australian housing market seems to be out of the woods. Housing prices in Australia are on the rise and can surge further going ahead. The housing prices can top growth of 20 p.....
RBA resumes review of retail payments regulations, BNPL shares react on ASX
December 07, 2020 12:41 PM AEDT| By Team Kalkine MediaReserve Bank of Australia (RBA) Governor Philip Lowe on Monday said that the periodic review of retail payments regulations has been resumed by Australia's Payments System Board. The review was earlier put on hold during the COVID-19 pandemic. Thr.....
Monetary policy transmission at the heart of the Australian recovery
December 06, 2020 12:09 AM AEDT| By Team Kalkine MediaThe Australian economy is surfacing from the worst recession ever recorded since the 1930s. This recovery has been made possible through stringent monetary policy action by the RBA. The immediate decisions taken by the monetary policy commi.....
Australia shows resilience & defeats property market crash- 3 ASX stocks in discussion
December 05, 2020 12:17 AM AEDT| By Hina ChowdharyWhile the cataclysmic pandemic has left majority of industries in a dire strait, the property market seems to be bucking the trend in the land down under. In the thick of COVID-19, Australian housing bubble remained unfazed, witnessing substantial .....
Is it too early to buy low-cost, flexible international travel packages?
December 05, 2020 12:14 AM AEDT| By Team Kalkine MediaCoronavirus vaccine announcements have brought in some cheer in the wind in the tourism industry. When the vaccine finally rolls out, travellers can plan for the many missed international tours this year. It is raining packages for the travel ent.....
Why did China’s WeChat delete Scott Morrison’s message?
December 04, 2020 06:16 PM AEDT| By Edita Ivancevicstralia, criticising the Communist party for making such a ‘low’ move. WeChat, a popular Chinese messaging platform, deleted PM Scott Morrison’s message on Wednesday evening after he criticised the Chinese government for postin...
Australia’s retail sales return to growth, rise 1.4% in October
December 04, 2020 01:10 PM AEDT| By Kunal SawhneyAustralia’ retail sales have returned to growth, rising 1.4 per cent in the month of October 2020, seasonally adjusted. The latest figure updates the preliminary result of 1.6 per cent, which follows a decline of 1.1 per cent in the month of .....
How is Australia's property market scenario panning out?
December 04, 2020 12:01 PM AEDT| By Hina ChowdharyHousing prices saw second successive gains in the month of November, according to CoreLogic's national index, following gains recorded in October. The dwelling values have risen 0.8 per cent month-on-month and 3.1 per cent year-on-year. Housing pri.....
ABS data revealed surge in International trade and housing loan commitments
December 03, 2020 08:06 PM AEDT| By Team Kalkine MediaAustralia’s seasonally adjusted balance on goods and services surplus surged A$1,641 million to A$7,456 million in October from the previous month. The surplus stood at A$5,815 million in the month of September. The goods and services credits.....
What will Australia’s housing prices look like in 2021?
December 03, 2020 07:59 PM AEDT| By Edita Ivancevicnificant decline due to fewer international students being allowed to the country. With November marking another record-breaking month for higher house prices, the nation’s real estate market may exceed pre-coronavirus levels. Initially,...
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NAB Online Retail Sales Index contracts 0.7% in October
December 03, 2020 05:43 PM AEDT| By Hina ChowdharyNational Australia Bank Limited (ASX:NAB) Online Retail Sales Index contracted in the month of October following strong growth in the previous four months. The index shrank 0.7 per cent in October against a growth of 1.2 per cent in September, on a.....
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Earlier vaccine rollout to rev up Australian recovery
December 03, 2020 02:02 PM AEDT| By Hina ChowdharyThe Australian economy has managed to fare well in this stressful time by coming out of its first recession in nearly 30 years. With a GDP growth rate of 3.3% in the third quarter, Australia has started on its journey towards economic recovery. Tre.....
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Why is RBA keeping interest rates at a record-low?
December 02, 2020 05:03 PM AEDT| By Edita IvancevicThe Reserve Bank of Australia (RBA) has agreed to retain the record-breaking low interests rates at 0.1 per cent for the remaining weeks of this year. However, the RBA did warn about a slow recovery caused by the coronavirus pandemic. On a Melbour.....
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Australian economy returns to growth in September quarter
December 02, 2020 02:21 PM AEDT| By Hina ChowdharyThe Australian economy bounced out of recession as the economy expanded by 3.3 per cent in the September quarter. The gross domestic product (GDP) growth had contracted 7 per cent in the June quarter, the worst in Australian Bureau of Statistics (A.....
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