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Economy
Australian Government Invests $9.6 Million in Revolutionary Sunman Solar Technology
November 11, 2020 02:11 PM AEDT| By Kunal SawhneyUndoubtedly, the future belongs to renewable energy, as the world looks toward more sustainable ways of living without harming the environment. That said, to boost access to renewable power, the Australian government-owned Clean Energy Finance Corp.....
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Electric Vehicle Council at loggerheads with South Australia government’s new EV tax
November 11, 2020 01:41 PM AEDT| By Team Kalkine MediaThe South Australia Liberal government has shocked the country as probably the only jurisdiction on the planet to impose a tax on electric vehicle users. South Australia’s first-of-its-kind move has not gone down well with the Electric Vehicl.....
Australia-China Trade Relations Worsen; Are the Aussies Staring Down the Barrel?
November 07, 2020 04:18 AM AEDT| By Kunal SawhneyAmid growing virus-spat and economic and political heat between Australia and China, Australian exports have suffered considerably. Industries affected by this fall in exports include coal, beef, barley, cotton, and wine. This comes in the wake of.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 07, 2020 04:09 AM AEDT| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
RBA cuts rates and declares $100 billion bond-buying plan
November 04, 2020 01:15 PM AEDT| By Kunal SawhneyReserve Bank of Australia (RBA) yesterday announced a set of measures to aid the economic recovery in the monetary policy meeting. The bank has now officially begun quantitative easing (QE) program with a $100 billion bond-buying spree. Im.....
Commonwealth Bank Of Australia (ASX:CBA) Cuts Fixed Rate Mortgages & Business Loans, Variable Rates Unchanged
November 04, 2020 12:30 PM AEDT| By Team Kalkine MediaThe Commonwealth Bank of Australia (ASX:CBA) is the first big bank to slash home loan interest rates in the wake of the RBA slashing official rates to near zero. Interest Rates on Mortgages Slashed According to the latest Commonwealth Bank news,.....
Why is PM Scott Morrison’s decision on Christine Holgate dubbed “double standard”?
November 03, 2020 05:50 PM AEDT| By Team Kalkine MediaAustralia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision comes after PM Scott Morrison criticised her act of gifting expensive Cartier watches to senior exec.....
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How is the market poised ahead of RBA meet?
November 03, 2020 01:55 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is set to announce monetary policy decision later today. The top brass at the bank have been continuously quashing the idea of potential negative interest rates in Australia. Currently, the cash rate sits at 0.25.....
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RBA Throws Its Hat into The Digital Currency Ring
November 02, 2020 04:06 PM AEDT| By Team Kalkine MediaOn 2 November 2020, Reserve Bank of Australia announced that it is collaborating with Commonwealth Bank (ASX:CBA), National Australia Bank (ASX:NAB), Perpetual Limited (ASX:PPT) and blockchain technology company, ConsenSys Software on a collaborati.....
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House prices rise for the first time since COVID-19, CoreLogic Index Back in Green
November 02, 2020 02:18 PM AEDT| By Team Kalkine MediaThe property market seems to be recovering from the impact of the coronavirus pandemic-induced downturn. For the first time since the onset of COVID-19, house prices have witnessed an uptick across all major Australian cities, except for Melbourne......
Australian Economic Recovery Witnesses Robust Demand in Essential Services Sectors
November 01, 2020 01:54 AM AEDT| By Kunal SawhneyThe path to economic recovery is not an easy one for Australia or for any country for that matter. As there is no treatment available for coronavirus infection, people need to follow social distancing and strict hygiene norms. Meanwhile, the g.....
Is Cash rate to fall further in November? A pain point for retirees
October 31, 2020 01:50 AM AEDT| By Kunal SawhneySpeculations are rife about further cash rate cuts by the RBA. The anticipation is a sigh of relief for mortgage loan borrowers and consumers, while troublesome for financial system and retirees. People with investments and deposits are struggling .....
RBA releases brand new 100 dollar note into circulation
October 30, 2020 03:13 PM AEDT| By Team Kalkine MediaAs part of the Next Generation Banknote program, the Reserve Bank of Australia released the new $100 banknote into general circulation on 29 October 2020. To protect the new note from counterfeiting, the central bank has loaded it with innovative s.....
ATO Warns Companies Denting Stimulus Spirit to Pay High Dividends & Executive Bonuses
October 30, 2020 02:59 PM AEDT| By Team Kalkine MediaThe Australian Taxation Office (ATO) has warned companies against using loopholes to exploit tax concessions. While delivering a speech on Thursday, the second commissioner for client engagement, Jeremy Hirschhorn warned the companies against using.....
CPI Rises 1.6% in Q3 2020 as Free Childcare Policy Ends, Fuel Prices rise
October 28, 2020 03:19 PM AEDT| By Team Kalkine MediaFollowing the conclusion of free childcare programin mid-July 2020, Australia’s Consumer Price Index (CPI) has marked an uptick of 1.6 per cent in the 2020 September quarter. The latest figures from the Australian Bureau of Statistics (ABS) a.....
ASX Retail companies set to embrace softer restrictions in Victoria
October 27, 2020 05:54 PM AEDT| By Team Kalkine MediaVictoria has been under hard lockdown restrictions for the second time since early July this year. Melbourne, the state’s capital, is an economically important region and has been shut for almost four months now. Economists have been of the .....
Does RBA rate cut in November seem inevitable now?
October 26, 2020 07:32 PM AEDT| By Team Kalkine MediaThe coronavirus pandemic has made a deep cut in the financial robustness of the economies and businesses. By now, it has been made clear by the central banks across the globe that they are willing to go beyond the lines to save and revive their eco.....
RBA Cash Rate Decision Under the Spotlight
October 24, 2020 05:33 PM AEDT| By Team Kalkine MediaThe RBA is expected to hold its next monetary policy meet on 3 November. Till then speculations persist on whether interest rates will be cut down to nearly 0%. Recent speech given by RBA governor Phillip Lowe has fuelled the speculations of rates .....
Australia Marks Gradual Virus Control, Set to Fly Back Increasing Number of Stranded Citizens
October 24, 2020 05:05 AM AEDT| By Team Kalkine MediaAustralian Prime Minister Scott Morrison announced the much-awaited news on Friday that the country will slightly lift the cap on the number of citizens and permanent residents returning to their homeland each week. In light of the global travel r.....
Australian energy prices plummet to a six-year low in National Electricity Market
October 22, 2020 05:22 PM AEDT| By Team Kalkine MediaThe Australian Energy Market Operator (AEMO) released the Quarterly Energy Dynamics (QED) report for Q3 ending on 30 September 2020, outlining the electricity demand variations, price variations in the wholesale electricity and gas market. AEMO als.....
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