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Economy
Is Kiwi Consumer confidence on a recovery mode?
June 22, 2021 12:22 PM AEST| By SonalSummary The Westpac-McDermott Miller Consumer Confidence Survey rises 1.9 points to 107.1 in Q2 of 2021. The survey showed that the consumer confidence is improving and is on a recovery mode. Households were now spending more on entertainment .....
Biden's push for hydrogen fuel adds muscle to climate fight
June 20, 2021 01:24 PM AEST| By Team Kalkine MediaSummary The US expects decarbonizing its polluting industrial sectors would bring long-term benefits to the economy and the climate, besides creating jobs in the emerging clean energy sector. DoE is exploring feasible sites where it can produce.....
How US industrial pollutions affecting health, environment
June 19, 2021 04:28 PM AEST| By Team Kalkine MediaSummary A study conducted by CDC found that PFAS compounds were present in varying degrees in almost every individual who participated in the survey. Given the serious harm PFAS can cause to human health, the Michigan Air Quality Division plan.....
US banks to close early on Friday for Juneteenth Holiday
June 18, 2021 12:45 PM AEST| By Team Kalkine MediaSummary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branches of JPMorgan Chase will close in the second half. Juneteenth, also celebrated as the African A.....
Is New Zealand economy at pre-covid levels?
June 18, 2021 10:02 AM AEST| By RomaSummary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough to make up for international losses. GDP numbers were announced yesterday. Stats NZ anno.....
US jobless claims climb to 412,000 last week after a pause
June 18, 2021 08:57 AM AEST| By Team Kalkine MediaSummary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of jobless benefits claims rose by 37000 to 412,000 last week, the first increase following a five-w.....
US Supreme Court dismisses Trump-backed challenge to Obamacare
June 18, 2021 04:30 AM AEST| By Team Kalkine MediaSummary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the Affordable Care Act. Republicans questioned the legality of a key proviso and sought to know if .....
ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
June 17, 2021 05:02 PM AEST| By SonalSummary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and.....
Fed signals rate hike by 2023, expects 7% GDP growth this year
June 17, 2021 11:39 AM AEST| By Team Kalkine MediaSummary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates monthly. Fed Chairman Jerome Powell said discussions would continue before a final decision; he d.....
New Zealand just escaped recession, GDP grows by 1.6% in March quarter
June 17, 2021 10:17 AM AEST| By ManikaSmmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP).....
What is Superannuation Fund and how it is different from KiwiSaver?
June 16, 2021 06:08 PM AEST| By ManikaSummary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It provides supplemental income to the Kiwis. Superannuation Fund in New Zealand is a governm.....
Have these 5 stocks been most active on NZX today?
June 16, 2021 03:36 PM AEST| By RomaSummary Canterbury floods to have caused multitude of claims from Tower Limited. Investor day to be held virtually by Sky Network Television limited Oceania Healthcare recorded good business despite the pandemic. Depending on various mark.....
New Zealand’s current account deficit in all-time poorest shape
June 16, 2021 12:32 PM AEST| By SonalSummary Current account deficit (CAD) reached $5 billion for New Zealand in the March quarter of 2021. Rise in imported goods and services deficit was the reason behind widening of the CAD. International investment position of the country narr.....
Reserve Bank of New Zealand adds a new tool to control house prices
June 16, 2021 12:13 PM AEST| By ManikaSummary The RBNZ initiates new tools to keep house prices in control. Government says these should not impact first-time home buyers. The RBNZ says these tools will only help in keeping the prices at sustainable levels. The Reserve Bank o.....
US retail sales drop 1.3% in May as spending shifts back to services
June 16, 2021 09:20 AM AEST| By Team Kalkine MediaSummary Expenditure on big items like auto, furniture, building material has dropped due to high prices and supply chain disruption. Spending on food, services, clothing, and entertainment activities like theme parks and casinos has gone up. .....
Are retail sales increasing in the US?
June 16, 2021 08:42 AM AEST| By Kiran MuraliRetail sales represent the purchase of goods and service through different channels by consumers and businesses. It indicates consumer demand for finished goods in a market. The Bureau of the Census puts out the advance monthly sales estimate for re...
Annual food prices in New Zealand rise 1.8% in May
June 15, 2021 02:39 PM AEST| By SonalSummary Increased vegetable prices were the biggest contributor to the rise in food prices in May. Tomato and capsicum prices increased while kiwifruit prices fell in the month. Annual food prices in NZ rose 1.8% between May 2020 to May 2021. .....
Will New Zealand’s Q1 GDP numbers have an impact on the monetary policy stance?
June 15, 2021 12:58 PM AEST| By ManikaSummary March quarter GDP numbers to be revealed on 17 June. Whether GDP numbers will increase or dip, is the question? Most say, GDP will show an increase in view of the latest updates on NZ’s economic recovery. The Q1 GDP numbers .....
US oil prices hit 2-year high as demand soars
June 15, 2021 09:22 AM AEST| By Team Kalkine MediaCrude oil prices in the US hit US$71.48 a barrel on Monday, June 14, the highest in the last two-and-half-years. Oil prices have doubled since October last year and are expected to remain high as demand continues to rise with the easing of b.....
Deep dive into New Zealand Property Market
June 14, 2021 04:59 PM AEST| By SonalGiven the country's tiny population and enormous geographic mass, real estate in New Zealand is relatively costly. This has been the case due to steady increases in property prices for many years, which have coincided with consistently excellent...
