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Economy
Philip Lowe: Interest rate unlikely to change until wage growth improves
March 10, 2021 03:20 PM AEDT| By Team Kalkine MediaSource: Number1411 ,Shutterstock Summary RBA governor Philip Lowe attributed “materially” lower wage growth as an obstacle to the inflation rate meeting the expected target. The current wage growth of 1.4% is a major roadblock...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 10:46 PM AEDT| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Why NAB brushed aside inflation fears
March 09, 2021 01:35 PM AEDT| By AshishSource: Tero Vesalainen, Shutterstock Summary National Australia Bank (NAB) said that inflation was not expected to meet the Reserve Bank of Australia’s (RBA) target of 2-3 per cent before 2024. Besides, the gap between the actual a...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 09:31 PM AEDT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
Why Is the UK Government Facing Backlash from Education and Health Unions?
March 08, 2021 08:42 PM AEDT| By Suhita PoddarSource: Sensay, Shutterstock Summary The Boris Johnson government is facing backlash from the education as well as the health sector after it announced that schools will reopen from Monday. Besides, health workers might announce a strike prote...
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How is Australia’s growing BNPL sector faring?
March 08, 2021 04:43 PM AEDT| By Team Kalkine Mediaof BNPL customers in financial turmoil held more than one account with BNPL companies. The BNPL sector has seen unmatched levels of growth over the previous months. Consequently, this has further mandated the need for the sector to undergo regu....
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Is gender pay gap a reason for women to not own properties?
March 08, 2021 04:25 PM AEDT| By Team Kalkine MediaSource: 4 PM production,Shutterstock Summary According to the research conducted by CoreLogic, women are way behind when it comes to owning a property on their own . The CoreLogic’s women and property report reflects that women's income,...
What powered NZ economy to tide over COVID-19 storm
March 08, 2021 01:23 PM AEDT| By AshishSource: jijomathaidesigners ,Shutterstock Summary Despite the continued struggle with the closure of the borders, the domestic economy has weathered the COVID-19 storm better than expected, Westpac said in its latest weekly market commenta...
Budget 2021: What did Rishi Sunak miss out?
March 05, 2021 07:19 PM AEDT| By Team Kalkine Mediaange. The Budget has not touched upon social care funding proposals. On Wednesday, Chancellor Rishi Sunak read out how the government would plan its spending and taxation for the next year. He announced a slew of measures including the extensio...
Auckland home builders faced supply constraints in Dec quarter: Stats NZ
March 05, 2021 02:09 PM AEDT| By Team Kalkine MediaSource: grandbrothers,Shutterstock Summary Home builders in Auckland have reported a rise in supply pressures. Survey revealed greater impact from availability of materials and equipment for residential building in Auckland than non-resid...
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How Bond Yields impact an economy
March 05, 2021 01:29 PM AEDT| By Team Kalkine MediaSource:husjur02,Shutterstock Summary US 10-year Treasury yield crossed the 1.6% mark and hit a one-year high last week following vaccine rollout and Biden government’s anticipated stimulus package. Bond yields have an impact on the economy...
Why February Recorded the Worst Car Sales Since 1959
March 05, 2021 01:10 AM AEDT| By Suhita PoddarSource: Mikbiz, Shutterstock Summary New car registrations in February fell 35.5 per cent annually, SMMT data showed. SMMT fears that March, which is traditionally a busy month for new registrations, would also do dismal business. In what...
Budget 2021: Tax hikes to take burden to highest value since 1960s, says OBR
March 04, 2021 10:59 PM AEDT| By Team Kalkine MediaSource: Natee Meepian, Shutterstock Summary Tax hikes announced by British finance minister Rishi Sunak would push the nation’s overall tax burden to its highest level since the 1960s, said OBR. This is despite the fact that the budget h...
Budget 2021: How Sunak Plans to Protect Jobs and Livelihoods
March 04, 2021 08:48 PM AEDT| By Abhijeetions and extensions to various schemes without worrying about acute rise deficit. In order to reinforce job security, Chancellor of the Exchequer Rishi Sunak has announced a bouquet of measures that are designed to safeguard the jobs and livelih...
Budget 2021: How the housing market can gain from recent sops
March 04, 2021 08:15 PM AEDT| By Team Kalkine Mediaprices of major home builders rose by nearly 6 per cent after the budget announcement. The Budget announced yesterday on 3 March had boosted the sentiments of the housing market. The ongoing stamp duty holiday has been extended till the end of J...
RBNZ draws housing direction and stresses on stimulatory monetary conditions
March 04, 2021 06:00 PM AEDT| By Team Kalkine Mediaprices and share prices that are a significant risk to economies. RBNZ has stayed in a strong spot to continue to achieve its goal in the midst of COVID-19-induced economic jolt. On 4 March, Adrian Orr, RBNZ Governor, deliv...
New GMC Hummer EV’s crabwalk feature set to enrich driving experience
March 04, 2021 03:50 PM AEDT| By AshishSource:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video, the electric vehicle was seen criss-crossing across snow, while performing some adventurous moves...
Budget 2021: UK economy to regain its pre-pandemic size by mid-2022, says Sunak
March 04, 2021 03:04 AM AEDT| By Team Kalkine MediaSource: Worawee Meepian, Shutterstock Summary While announcing the UK budget 2021, British FM Rishi Sunak said that the economy would regain its pre-pandemic size by mid-2020. Furlough scheme and stamp duty holiday were extended by five...
What Pandemic? Toronto Home Sales Roar, Prices Top C$1 Mn First Time
March 04, 2021 03:00 AM AEDT| By Ipsita SarkarSource: godshutter, Shutterstock Average home prices in Greater Toronto Area (GTA) topped over C$1 million in February 2021, up 14.9 per cent year-over-year (YoY), informed the Toronto Regional Real Estate Board’s (TRREB) on Wednesday....
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