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Economy
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NAB Online Retail Sales Index contracts 0.7% in October
December 03, 2020 05:43 PM AEDT| By Hina ChowdharyNational Australia Bank Limited (ASX:NAB) Online Retail Sales Index contracted in the month of October following strong growth in the previous four months. The index shrank 0.7 per cent in October against a growth of 1.2 per cent in September, on a.....
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Earlier vaccine rollout to rev up Australian recovery
December 03, 2020 02:02 PM AEDT| By Hina ChowdharyThe Australian economy has managed to fare well in this stressful time by coming out of its first recession in nearly 30 years. With a GDP growth rate of 3.3% in the third quarter, Australia has started on its journey towards economic recovery. Tre.....
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Why is RBA keeping interest rates at a record-low?
December 02, 2020 05:03 PM AEDT| By Edita IvancevicThe Reserve Bank of Australia (RBA) has agreed to retain the record-breaking low interests rates at 0.1 per cent for the remaining weeks of this year. However, the RBA did warn about a slow recovery caused by the coronavirus pandemic. On a Melbour.....
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Australian economy returns to growth in September quarter
December 02, 2020 02:21 PM AEDT| By Hina ChowdharyThe Australian economy bounced out of recession as the economy expanded by 3.3 per cent in the September quarter. The gross domestic product (GDP) growth had contracted 7 per cent in the June quarter, the worst in Australian Bureau of Statistics (A.....
Raising a glass against China: IPAC urges world to drink Australian wine
December 02, 2020 12:51 PM AEDT| By Edita IvancevicInternational parliament members from several political parties have joined forces to “stand against repressive bullying” as a response to China’s raising of wine tariffs for Australia. Several MPs from the Inter-Parliamentary Al.....
Residential real estate regains its shine as house approvals hit a 20-year high
December 01, 2020 07:54 PM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) has released building approvals data for October 2020. The data has been particularly encouraging for private sector houses or residential real estate. On a seasonally adjusted basis, building approvals fo.....
What can Australia do about its relationship with China?
December 01, 2020 07:00 PM AEDT| By Edita IvancevicAs China keeps continuously slamming Australia with additional tariffs on imported products, the land down under needs to think of a way to fight back. Trade experts believe Australia can do a lot more than just pursuing legal actions and taking th.....
RBA Monetary Policy Decision: No Changes to Policy Setup
December 01, 2020 05:41 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has decided to maintain its monetary policy stance, with no new changes announced. With a target of 10 basis points for both the interest rate and the yield on 3-year Australian government bonds, RBA continues to.....
Economic Charter: Australia's Current Account and House Approvals Data Out
December 01, 2020 04:31 PM AEDT| By Kunal SawhneyAustralia’s current account surplus (seasonally adjusted) in the September quarter fell 39 per cent to A$10.0 billion, on account of lower goods and services surplus, according to the latest data from Australian Bureau of Statistics (ABS). Th.....
Is the decline in JobKeeper aid receivers a signal for the Australian economy’s recovery?
November 30, 2020 07:54 PM AEDT| By Edita IvancevicTreasurer Josh Frydenberg announced that more than two million Australians have stopped receiving the JobKeeper subsidy in less than two months. Ever since the NSW government reduced the overall JobKeeper payment in September, the number of recipi.....
Australia’s Gold & Battery metals shine brighter despite COVID scourge
November 30, 2020 05:43 PM AEDT| By Hina ChowdharyWhile the pandemic adversely affected the global economic scenario and the commodity markets, it acted as an unexpected catalyst for both gold and battery metals sectors. The rising call for clean energy has brought renewable energy and electric mo.....
What are business indicators reflecting for the Q3 for the Australian economy?
November 30, 2020 05:37 PM AEDT| By Kunal SawhneyData on Australia’s third quarter GDP is scheduled to be released on Wednesday, 2nd December 2020. The numbers would be closely watched as the gross domestic product (GDP) contracted 7 per cent in the June quarter when coronavirus related cur.....
Northern Territory welcomes first international students in eight months
November 30, 2020 04:16 PM AEDT| By Edita IvancevicNorthern Territory became the first Australian state to welcome the first batch of international students. A flight from Singapore transported 63 individuals from all over Asia – China, Japan, Hong Kong, Indonesia, and Vietnam. The students.....
Australian lobster industry in troubled waters after Chinese restrictions
November 30, 2020 03:32 PM AEDT| By Edita IvancevicThe China-Australia trade war has inflamed drastically over the past few months, adding the lobster industry to the pile of businesses in danger. Earlier this month, large amounts of shellfish were stuck at the Chinese airports, souring the alread.....
Australia’s Economic Charter: Any Emerging Green Shoots?
November 30, 2020 12:22 AM AEDT| By Team Kalkine MediaWith COVID-19 pandemic under control, the Australian economy is actively proceeding on the path of economic recovery. While the economy is not out of the woods yet, several green shoots are sprouting in the nation’s economy, stimulating hopes.....
Will Australia EV industry put the pedal to the metal by 2021?
November 29, 2020 12:00 AM AEDT| By Team Kalkine MediaConventional fuel-based vehicles have been hurting the environment for decades as they contain harmful exhaust emissions. Due to rising air pollution and earth’s atmospheric temperature, a pool of experts has suggested some strict measures to.....
Vestas, Global Power Score A 328 MW Deal for 2 Wind Projects
November 27, 2020 06:59 PM AEDT| By Kunal SawhneyVestas has joined hands with Global Power Generation to sign a 328 MW deal for two wind projects in Victoria, Australia. Image Source: © Kalkine Group 2020 Vestas is the worldwide partner for energy industry on sustainable energy solutions.....
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Australia’s Treasury Wine takes a spill as China imposes tariffs
November 27, 2020 05:19 PM AEDT| By Hina ChowdharyTreasury Wine Estates Limited (ASX:TWE) has requested the exchanges for a trading halt today over the provisional anti-dumping measures imposed by China on Australian wine imports. The Company is currently reviewing the details of the provisional ant...
Proposed NSW Property Tax Regime: Stamp Duty Dilemma
November 27, 2020 02:17 PM AEDT| By Kunal SawhneyNew South Wales treasurer Dominic Perrottet recently announced the proposal to move towards a new property tax regime. This regime would allow taxpayers to choose between paying a lump sum stamp duty while purchasing a property or paying an annual .....
Sovereign Hill Launches 20-Year Master Plan to Celebrate Golden Jubilee
November 27, 2020 02:09 PM AEDT| By Team Kalkine MediaThe open-air museum in Golden Point and the historical landmark, Sovereign Hill, has unveiled a master plan for the next two decades. The 20-year Master Plan includes four phases to be delivered between 2021 and 2030. Gold will continue to play a cr...
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