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Economy
The new JobKeeper might cause bankruptcies for businesses
July 15, 2020 05:45 PM AEST| By Team Kalkine MediaSummary With the end date of the government’s wage subsidy program approaching in September, businesses have been warned that the incentive could make them go bankrupt. The Federal government has pledged some form of income support for th.....
Consumer Spending and Confidence dips due to COVID-19 outbreak in Victoria
July 14, 2020 10:25 PM AEST| By Hina ChowdharyThe condition of Australian economy now depends on how well the virus cases can be controlled in Victoria, as businesses and consumer sentiments, combined with consumer spending have started dwindling amid rising fears of the second wave. The surge.....
Australia's Stance on Hong Kong Extradition Treaty
July 13, 2020 07:22 PM AEST| By Team Kalkine MediaSummary When the world is struggling hard due to the pandemic, China seems to be cornering itself on various fronts. Australia has suspended its extradition treaty with Hong Kong due to a new security law imposed on the city by China. Go.....
V-shaped trajectory for economy unlikely while stocks approach closer to reporting season
July 13, 2020 06:11 PM AEST| By Team Kalkine MediaSummary Leading indicators in most of the developed nations and emerging markets have returned to relatively better levels, but a widespread lockdown remains a major risk to the economic outlook. With Melbourne going for a six-week shutdown, th.....
Will Potential Travel Bubbles Bring a Stroke of Luck for Australian Travel Industry?
July 12, 2020 12:00 AM AEST| By Team Kalkine MediaThe year 2020 is just halfway through, and the world has already gone through numerous hardships, ranging from airplane crashes, bushfires, Hong Kong-China spat, earthquakes and the gravest of all – COVID-19 Pandemic. While there is hardly an.....
Australia at risk of next wave of infections, Victoria announced $534m business support package
July 11, 2020 01:31 PM AEST| By Team Kalkine MediaSummary Victoria announced $534 million support package for affected businesses by Melbourne’s 6-week lockdown. Package includes funds for hospitality, tourism, mental health and small companies to ensure the survival of these businesses .....
Australia Covid-19 restrictions, What is allowed and what is not
July 09, 2020 07:12 PM AEST| By Team Kalkine MediaSummary Amid the rising number of new cases in the Victoria state, stage 3 lockdown restrictions to stay at home has been in force from 8 July to 19 August 2020. The stock market dipped after Victoria lockdown announcement on Tuesday; however t.....
Coronavirus Spikes Canada’s Fiscal Deficit To C$ 343.2 Billion; Markets Tread Cautiously
July 09, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Canada’s fiscal deficit soared to C$ 343.2 billion or nearly 16% of the economic output as the spending on coronavirus-related programs went up Much of the COVID support will be financed through new C$ 409 billion bond programs M.....
Free Childcare Aid Hits Dead End; Seven- Point Plan for Parents To Ride Out the Storm
July 07, 2020 09:41 PM AEST| By Team Kalkine MediaWhile parents are on their toes to ensure continuity of their kids’ schooling and learning amidst mounting financial crunch, scrapping of free childcare relief has brought forth another set of concerns. Education Minister Dan Tehan announced.....
Has the Sports industry dodged the COVID-19 Ball?
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary The Covid-19 related restrictions have impacted all kinds of sports, and major events such as Olympics and Paralympics have been postponed Australia's National Cabinet has released National Principles for the Resumption of Sport and Rec.....
First in the league: Australia's Green Bond Fund in Ethical Investment Market
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Clean Energy Finance Corporation (CEFC) has pledged to put in at least $70 million to a fund of green bonds that are first of a kind in Australia. The practice of adopting ESG framework has been rising while making any investment decisi.....
Housing values fall and auction rates go lower as pandemic fears hang around
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary As per the latest report, auction volumes have dropped, and clearance rates have stayed bleak due to rising coronavirus cases, and school holidays that have drawn upon the housing market. A preliminary clearance rate of 65.1% was record.....
Zooming Lens on Global Economic Outlook Amidst Fears Over Second Wave of Infection
July 05, 2020 12:00 AM AEST| By Team Kalkine MediaWhile nations such as New Zealand and Australia marked early success in containing the pandemic, the resurgence in infection cases is casting dark eye over prospective travel bubble between the two neighbours, thereby causing massive blow to the em.....
Tesla Shares Soar Past Toyota to Become the Most Valuable Carmaker
July 02, 2020 08:35 PM AEST| By Team Kalkine MediaOn Wednesday, 1 July 2020, Tesla shares hit a high of $1,135.33, taking its market capitalisation to around $210 billion. By the close of session, its shares settled at $1,119.63 with a market capitalisation of $207.55 billion. At a market capitali.....
Can stock markets indicate political transitions? S&P500, ASX200 and debate around the presidency
July 02, 2020 07:43 PM AEST| By Team Kalkine MediaPolitical transitions have a profound effect on stock markets. A new government always gives a ray of optimism that reflects in the market performance. It has been observed that stock markets perform better after polling day. During the May 2019 e.....
New Virus Flu strain denting China’s improved PMI and geopolitical win through Hong Kong legislation
July 01, 2020 10:43 PM AEST| By Team Kalkine MediaGeopolitical tensions with neighbouring countries such as India, Hong Kong, Tibet, and Japan, or creating trade constraints with Australia, China has been making headlines since the last few weeks. Blamed for spreading the virus worldwide because o.....
Reopening Economies Amid COVID-19 – Dilemma over Economy Vs Health
June 26, 2020 08:35 PM AEST| By Team Kalkine Media“The world is learning the hard way that health is not a luxury item; it’s the cornerstone of security, stability and prosperity.”- Dr Tedros Adhanom Ghebreyesus, Director General of WHO. There is a growing social and economic di.....
Is The Second Wave Of Infection Nearing: Dilemma Around Banking Space And Economic Recovery?
June 26, 2020 04:49 PM AEST| By Team Kalkine MediaWhile coronavirus outbreak created havoc across the word, the financial and banking sector seems to be worst hit in the pandemic led economic downturn. Besides, charting out path to recovery seems difficult amidst soaring government debt, squeezed .....
Wirecard’s Riches to Rags Story, a fraud to remember!
June 25, 2020 08:30 PM AEST| By Team Kalkine MediaGerman fintech darling, Wirecard AG, recently went from Riches to rags after admitting to a €1.9 billion fraud in its financials. The Company’s share prices went down almost 46% (as on 19 June) post the acceptance of the fraud. Ongoing .....
China Stories: Renewed Tensions with US and Increasing External Debt
June 25, 2020 08:15 PM AEST| By Team Kalkine MediaChina has been facing backlashes worldwide because of its inability to contain the virus and the current geopolitical tensions with its neighbours and trade partners such as Australia. On top of that, resurgence of the virus has really added .....
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