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Economy
What Could Be Focus Areas As Robertson Delivers New Zealand’s Budget Today
May 20, 2021 11:53 AM AEST| By SonalSummary Grant Robertson will unveil NZ’s budget at 2pm on Thursday. Robertson had indicated that this year budget would be a recovery and well-being budget. An increase in benefits including funding for child poverty prevention scheme an.....
What To Expect From New Zealand’s Budget 2021?
May 20, 2021 11:32 AM AEST| By RomaSummary What can be expected from Budget 2021? What provisions for healthcare, vaccine, and education is it going to provide? How will Budget 2021 deal with the NZ housing crisis All eyes are fixed on the upcoming Budget announcement toda.....
BofA Joins Amazon, McDonald’s In Raising Minimum Wage
May 20, 2021 05:37 AM AEST| By Team Kalkine MediaBank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NASDAQ: AMZN) and McDonald's Corporation (NYSE: MCD) had earlier announced to hike the minimum hourly.....
What do Rising Bond Yields Indicate About the Economy?
May 19, 2021 06:22 PM AEST| By Team Kalkine MediaSummary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem.....
Will Hiked Electricity, Gas Prices In March 2021 Quarter Affect New Zealanders?
May 19, 2021 12:17 PM AEST| By SonalSummary Electricity prices experienced a rise in the March quarter of 2021. Gas supply prices rose due to unanticipated production drop at the Pohokura gas field. Electricity prices for residential customers rose 0.4% in the March quarter. .....
Did Colonial Pipeline Attack Drive US Oil Prices Up?
May 19, 2021 11:48 AM AEST| By Team Kalkine MediaSummary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga.....
What are the Factors Impacting Bond Yields?
May 18, 2021 05:19 PM AEST| By Team Kalkine MediaSummary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth.....
Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH
May 18, 2021 03:37 PM AEST| By SonalWith the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...
Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?
May 18, 2021 01:21 PM AEST| By ManikaIs it going to be a well-being Budget or COVID-19 recovery Budget for 2021? According to Finance Minister Grant Robertson, it will, in many ways, still be a COVID-19 Budget. Even though, the NZ economy has been resilient to the impacts of COVID-19.....
Would New Zealand’s SMEs Gain From Budget 2021?
May 18, 2021 12:41 PM AEST| By SonalSummary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many businesses have hopes on various fronts from the upcoming budget. Small and medium enterprises (SM.....
ANZ foresees OCR rate to hike gradually from August 2022
May 17, 2021 06:44 PM AEST| By SonalSummary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2023. RBNZ due to meet on May 26 to decide on OCR rates. Australia and New Zealand Banking Gr.....
Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050
May 17, 2021 02:47 PM AEST| By Team Kalkine MediaSummary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping i.....
ASB Offers Low Interest Rates for Newly Built Properties
May 17, 2021 12:49 PM AEST| By RomaSummary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the market conditions after increasing prices. Housing Sector woes seem nowhere close to end rig.....
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 05:19 PM AEST| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w.....
NZ Manufacturing Drops In April, But Still in An Expansionary Mode
May 14, 2021 03:30 PM AEST| By ManikaManufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ. Manufacturing activity dropped by 5.2 points in April as compared to March. According to a report by BusinessNZ. The Performance .....
Jacinda Ardern Optimistic About NZ’s Growth With Possible FTAs With UK And EU In Future
May 14, 2021 06:00 AM AEST| By Team Kalkine MediaNew Zealand Prime Minister Jacinda Ardern gave valuable insights and spoke on a variety of issues faced by the country during the current year as the nation awaits Budget for this year. Ardern’s speech came almost after a week after Grant Ro.....
New Zealand Food prices up 1.1% in April as tomato oversupply ends and minimum wage rises
May 13, 2021 01:59 PM AEST| By SonalSummary New Zealand’s food prices soared 1.1% in April 2021 month on month. Higher tomato and cucumber prices were the main contributors in driving food prices up. An increase in minimum wage also added to the overall rise in food prices.....
Will Higher Inflation Affect US Macroeconomic Performance?
May 13, 2021 01:06 PM AEST| By Team Kalkine MediaSummary Economists have warned if inflation persists, the situation could get worse. Rising inflation could impact key macroeconomic parameters like growth, GDP, and employment. Given the central bank’s mandate to maintain inflation typi.....
