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Economy
US-China Partial Trade Deal Drives ASX and Asian Stocks
October 14, 2019 09:07 PM AEDT| By Team Kalkine MediaIn a major breakthrough in the US-China trade dispute, the US has agreed to suspend its next tariff hike (planned for October 15th) on USD 250 billion worth of Chinese imports. In return, Beijing has committed to buy up to USD 50 billion of goods fro...
RBA Lowers Cash Rate to Record Low Level of 0.75%
October 01, 2019 08:02 PM AEST| By Team Kalkine MediaIn line with the speculations of a rate cut in October meeting, the Reserve Bank of Australia (RBA) has slashed the interest rates by 25 basis points to a record low level of 0.75 per cent to boost weak economy. This is the third such reduction by th...
US Stock Markets No Longer Home to Chinese Companies
October 01, 2019 01:21 PM AEST| By Team Kalkine MediaRising Trade Tensions Between US and China: The US ? China trade war has brought in tremendous challenges to the global markets and has caused major turmoil on the economic front. The tensions between the two countries have taken shape of high tarif...
New Zealand Maintains Cash Rate At 1%, Australia Expected To Slash Further Amid Global Turmoil
September 27, 2019 04:18 PM AEST| By Team Kalkine MediaOn 25 September 2019, the Reserve Bank of New Zealand?s Monetary Policy Committee announced to have kept the Official Cash Rate (OCR) at 1.0 percent, considering the fact that the new information since the August 2019 Monetary Policy Statement did no...
How Can China's Emerging Economy Impact Australia - Good Vs Bad
September 26, 2019 06:50 PM AEST| By Team Kalkine MediaPeople?s Republic of China may be called as the world's workshop, with the product manufacturing and assembling units of several companies around the globe located within its premises. Chinese economy has grown apace over the past decade, underpinned...
Job Vacancies’ August Data Out; Discussing the Current Scenario in Australian Economy
September 26, 2019 04:45 PM AEST| By Team Kalkine MediaThe number of job vacancies has declined by 1.9 per cent in the August 2019 quarter, according to the latest figures released by the Australian Bureau of Statistics (ABS). Although the job vacancies data provided a gloomy picture of the Australian e...
Are Housing Risks On A Downswing Now?
September 24, 2019 01:30 PM AEST| By Team Kalkine MediaThe Australian housing market has been a hot topic for quite a long time now, with some frequent developments in the market continuing to hold investors? attention. The property market of Australia has been following a trough and crest pattern, show...
OECD Downgrades Global Growth Forecast; Three reasons Why Recession Clouds are Still Looming Over the US Economy
September 20, 2019 04:41 PM AEST| By Team Kalkine MediaThe ongoing trade dispute between the United States and China has shaken the world economy, increasing concerns of weaker global growth in the coming years. The Organisation for Economic Cooperation and Development (OECD), in its ?Latest Economic Ou...
Three Cues From The Latest Figures On Unemployment Rate
September 20, 2019 01:26 PM AEST| By Team Kalkine MediaDespite having a diversified and skilled services-based workforce, the country has been facing turmoil in its labour market. The persistence of higher unemployment rate in Australia has remained a cause of concern for the Reserve Bank of Australia (R...
RBA Keeps Cash Rate Unchanged at 1%; ABS Reports Dip In June Quarter Housing Prices
September 19, 2019 01:35 PM AEST| By Team Kalkine MediaRBA has kept the cash rate unchanged in September at 1 per cent, after assessing developments in both the domestic and international economies in Monetary Policy Meeting of the Reserve Bank Board. Although the escalation of the US-China trade disput...
Australian Dollar - 5th most traded currency
September 18, 2019 02:20 PM AEST| By Team Kalkine MediaTop Trending currencies The Australian dollar (AUD) is the official currency of Australia and comprises banknotes and coins. It was introduced in 14 February 1966 when it replaced the Australian pound. Interestingly, the Australian dollar is also t...
Understanding The Concept of Gig Economy
September 13, 2019 11:50 PM AEST| By Team Kalkine MediaThe world is experiencing a growing trend of side jobs taken by individuals to earn some extra money or get greater independence over a job. The innovation in technology has made it easier for individuals to earn via profitable side-gigs. Many count...
Will RBA Go For Unconventional Monetary Policy Amid Current Economic Scenario?
September 12, 2019 11:25 PM AEST| By Team Kalkine MediaThe major economies of the world, including Australia and the United States, are adopting monetary policy measures to stimulate their economic growth. Both these countries have recently adopted the conventional monetary policy stance by reducing thei...
Property market making the headlines: Auction clearance on hike, is Australia nearing housing price bubble?
September 10, 2019 06:12 PM AEST| By Team Kalkine Media3 Changes in the Property Market Landscape From consumer, to investors, central bank and government, housing market has been one of the most important topics of discussion. The rate cuts, RBA missing the inflation target and turnaround through aucti...
A Glance Through World’s Top Five Economies
September 06, 2019 11:56 PM AEST| By Team Kalkine MediaWith substantial growth in population, technological advancements and other major developments, the global economy has considerably grown over the years. However, the world economy is currently facing some major risks emerging from the US-China trade...
Australia Records First-Ever Current Account Surplus Since 1975 In June Quarter, While a Fall In Retail Turnover In July
September 04, 2019 10:21 PM AEST| By Team Kalkine MediaOn the global front, investors have been eyeing the recently released alarming figures of the US Manufacturing Index; however, on the domestic front, the following announcements have garnered the investors? attention: GDP Growth Rate in June 2019...
Australia Shows Signs Of Revival In Property Market
September 02, 2019 11:30 PM AEST| By Team Kalkine MediaAnd the time has finally come when the Australian housing market has taken a significant step towards recovery! Breaking the record of almost two and a half years, the housing prices have recorded the largest monthly increase in August 2019. A proper...
Zooming Lens at Australia’s Economic Scenario from RBA’s Standpoint
August 29, 2019 03:45 PM AEST| By Team Kalkine MediaFollowing a speech in Canberra, the Reserve Bank of Australia?s Deputy Governor, Mr Guy Debelle stated that the interest rates could fall between zero and 0.5 per cent. While addressing the Economic Society of Australia in Canberra, Mr Debelle focuss...
Big Four Audit Firms under Regulatory Scrutiny in Australia Over Operational Discrepancies
August 08, 2019 03:15 PM AEST| By Team Kalkine MediaThe Big Four auditing firms, Deloitte, EY, KPMG and PwC, have come under the scrutiny of multiple inquiries in Australia by the senior department of the parliament and by the Australian Securities and Investments Commission (ASIC) that are looking in...
Australia's Trade Surplus Touches Record High Level of $8 billion; Cash rate remains unchanged
August 07, 2019 04:36 PM AEST| By Team Kalkine MediaAmid the shaky global scenario due to escalating US-China trade conflict, the Australian economy saw a stronger than expected trade surplus of $8,036 million in June 2019 in seasonally adjusted terms. This was the country?s first ever current account...
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