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Economy
WTO Projects Growth In Global Trade But Vaccination Lag May Pose A Threat
April 01, 2021 11:26 PM AEDT| By Team Kalkine MediaSource: F8 studio, Shutterstock Summary World Trade Organization (WTO) has revised its growth forecast for global trade in 2021. The rollout of vaccines worldwide has infused optimism in the markets for economic revival. Last year when the pa...
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Why the FCA Is Trying to Lure SPACs To the UK Markets
April 01, 2021 10:47 PM AEDT| By Suhita PoddarSource: Worawee Meepian, Shutterstock Summary The Financial Conduct Authority (FCA) would be overhauling its rules to lure special purpose acquisition companies (SPACs) to the UK. SPACs do not have any business operations but raise money throu...
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Price Rise: NZ Housing Crisis Continues To Bite Kiwis
April 01, 2021 08:08 PM AEDT| By Team Kalkine MediaSource: Artazum Shutterstock Summary NZ middle-class and first-time home buyers sweat it out, as affordable accommodation appears to be distant dream. Housing issue continues as their prices escalate to a record high of 16.1% since 2006. Gove...
Is There Any Steam Left In The Retail Sector Amid Upcoming Easter Weekend?
April 01, 2021 05:35 PM AEDT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary Retail sales dwindled 0.8 per cent in February 2021, typically impacted by lockdown in Victoria and Western Australia. Food retailing saw the highest decline while sales of electronics, cafes...
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BCC Survey: UK’s Business Conditions Poor in Q1 2021
April 01, 2021 03:45 PM AEDT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A survey by BCC has found that UK’s business conditions were historically poor in Q1 2021. But business sentiments in the same quarter were also boosted by government’s lockdown easing r.....
Canada GDP Up For Ninth Consecutive Month, Rises 0.7% In Jan
April 01, 2021 02:11 AM AEDT| By AnujSource: patpitchaya, Shutterstock Canada’s gross domestic product (GDP) grew 0.7 per cent on a month-over-month (MoM) basis in January 2021, compared with a 0.1 per cent increase in December 2020, as the Statistics Canada report released on We...
UK Economy Rebounds More Than Expected, Lens on Top 5 FTSE 100 Gainers
April 01, 2021 01:48 AM AEDT| By Suhita PoddarSource: patpitchaya, Shutterstock Summary The UK economy grew by 1.3 per cent for period October to December last year, according to official data. The production output dropped by 8.6 per cent for 2020, while services output declined by 8.9 p...
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Is NZ Business Confidence Moving Down?
March 31, 2021 07:09 PM AEDT| By RomaSource: Panumas Yanuthai, Shutterstock Summary ANZ releases Business Outlook report, which shows falling confidence. Housing weaker than before, but still strongest on the list. Second half of the month captured the falling indicators, whose...
Is NZ Moving In The Right Direction To Resolve Its Housing Market Dilemma?
March 31, 2021 06:06 PM AEDT| By Team Kalkine MediaSource: godshutter, Shutterstock Summary New Zealand is witnessing a surge in its housing prices almost for a year now. The Government has introduced a series of policies and plans, including NZ$3.8 billion to accelerate the construction of af...
RBNZ Eases Dividend Restrictions on Banks Due to Signs of Economic Recovery
March 31, 2021 12:57 PM AEDT| By ManikaSource:Peshkova, Shutterstock Summary The RBNZ partially removes restrictions on dividend payouts by banks. Allows banks to pay up to 50% as dividends, full easing after July 1, 2022. This is due to the fact that the economy is in a recovery...
How is the travel sector coping with Brisbane lockdown wave?
March 31, 2021 12:13 PM AEDT| By Team Kalkine Mediaooking policies in the form of refunds, refund credits or alternate bookings. The sense of deja-vu among travel providers is again on the rise as Brisbane entered three days lockdown on 29 March 2021. The cases associated with the Brisbane...
Canada's Average Weekly Pay Rose 1.8% In Jan, Payroll Jobs Down 0.8%
March 31, 2021 02:52 AM AEDT| By Shreya Biswasted in late December 2020 and January 2021 that impacted businesses and jobs. Canada’s latest payroll employment figures, which represent the number of workers who received wages or benefits from their employers, reflected a decline of abo...
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Canada’s Budget Deficit Touched C$268Bn Between April 2020 & Jan 2021
March 30, 2021 10:47 PM AEDT| By Shreya BiswasSource: Indypendenz, Shutterstock Summary Canada's finance ministry said on Friday, March 26, that the country’s budget deficit expanded to C$ 268.18 billion in the 10 months of its fiscal year between April 2020 and January 2021. In Jan...
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Recovery on Cards: UK Business Confidence Improves to One-Year High
March 30, 2021 07:03 PM AEDT| By AbhijeetSource: Panumas Yanuthai, Shutterstock Summary Lloyds Bank Business Barometer increased by 13 percentage points to 15 per cent. The survey shows the biggest increase in overall confidence in the Manufacturing and Retail sectors. Of the 12 UK...
Will Australia go the NZ way of checking house prices?
March 30, 2021 01:08 PM AEDT| By Team Kalkine MediaSource:Brian A Jackson, Shutterstock Summary Housing affordability worries could result in more Kiwis shifting to Australia. House prices in NZ soared by 21.5% annually, while property prices were up 3.6% annually in Australia. The Australian...
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Brexit Woes: 11% Exporters May Permanently Halt Business with the EU, Study Finds
March 30, 2021 12:20 AM AEDT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A new study has found that 23% of exporters have temporarily stopped exporting to the EU. About 4% decided to stop trading with the EU permanently because of the new trading rules. About 11% of expor...
NZ house prices could go as high as 25% by mid-2020s: Kiwibank
March 29, 2021 02:05 PM AEDT| By SonalSource:nednapa, Shutterstock The widespread rise in property prices poses a significant challenge for the NZ government. On 23 March, the government announced many measures focussed on controlling investors who have been pushing prices up. The anno...
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What To Expect In The Upcoming Canadian Budget 2021?
March 28, 2021 12:13 PM AEDT| By AnujSource: fizkes, Shutterstock Summary On April 19, Canada's Finance Minister Chrystia Freeland will read out the first budget in two years. The federal government had announced a C$100 billion economic stimulus package that constitutes 4% of th...
Cost of living in Canada: How Much Is Sufficient?
March 27, 2021 03:26 PM AEDT| By AnujSource: Tero Vesalainen, Shutterstock Summary Canada offers high standards of living Vancouver and Toronto are the most expensive cities to live Majority of your expenses will be spent on housing/accommodation As a land that welcomes i...
BoE Asks Bankers to Keep Liquidity Tap Open to Help Households, Businesses
March 27, 2021 02:39 AM AEDT| By AbhijeetSource: Tupungato, Shutterstock Summary The Bank of England asked banks to continue lending to companies and households. BoE said UK banks can support both businesses and households as they continued to reel under the pressure of the pandemic....
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