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Economy
Is Canada's Job Market Improving Amid Second Wave Of COVID-19?
December 08, 2020 12:59 AM AEDT| By Kunal SawhneyFollowing a growth of 2.7 per cent each month between May and September and that of 0.5 per cent in October, Canada saw its overall employment rate climb 0.3 per cent in November, found a recent report by Statistics Canada. In the latest Labour Fo.....
Britannia Named the Worst Hotel Chain, Sofitel The Best in the UK
December 07, 2020 10:32 PM AEDT| By Team Kalkine MediaThe consumer group Which?’s annual ranking has named Britannia as the worst hotel chain in the United Kingdom for the eighth consecutive year. The survey based on the feedback of 4,000 customers were asked about their stay at all the venues. .....
Why can Australian house prices rise 20% in 2021?
December 07, 2020 02:42 PM AEDT| By Team Kalkine MediaWhile Australia marked a return to growth in the September quarter, the Australian housing market seems to be out of the woods. Housing prices in Australia are on the rise and can surge further going ahead. The housing prices can top growth of 20 p.....
RBA resumes review of retail payments regulations, BNPL shares react on ASX
December 07, 2020 12:41 PM AEDT| By Team Kalkine MediaReserve Bank of Australia (RBA) Governor Philip Lowe on Monday said that the periodic review of retail payments regulations has been resumed by Australia's Payments System Board. The review was earlier put on hold during the COVID-19 pandemic. Thr.....
Monetary policy transmission at the heart of the Australian recovery
December 06, 2020 12:09 AM AEDT| By Team Kalkine MediaThe Australian economy is surfacing from the worst recession ever recorded since the 1930s. This recovery has been made possible through stringent monetary policy action by the RBA. The immediate decisions taken by the monetary policy commi.....
Brexit talks continue but remain at a critical juncture
December 05, 2020 11:54 AM AEDT| By Team Kalkine MediaDay long negotiations continued over a post-Brexit deal between the UK and the EU on December 4 but just before 7 pm, Britain cautioned that there were problems with the afternoon talks. The UK said that the other party had gone backwards on the is.....
UK Relaxes Quarantine Rules for Business Travellers
December 05, 2020 02:48 AM AEDT| By Hina ChowdharyThe United Kingdom has decided to relax its quarantine rules for incoming business travellers who will be coming by air. This rule will be implemented from 5 December in a bid to facilitate business transactions which are important for the .....
Australia shows resilience & defeats property market crash- 3 ASX stocks in discussion
December 05, 2020 12:17 AM AEDT| By Hina ChowdharyWhile the cataclysmic pandemic has left majority of industries in a dire strait, the property market seems to be bucking the trend in the land down under. In the thick of COVID-19, Australian housing bubble remained unfazed, witnessing substantial .....
Is it too early to buy low-cost, flexible international travel packages?
December 05, 2020 12:14 AM AEDT| By Team Kalkine MediaCoronavirus vaccine announcements have brought in some cheer in the wind in the tourism industry. When the vaccine finally rolls out, travellers can plan for the many missed international tours this year. It is raining packages for the travel ent.....
Forex Friday: GBP swings at 12-month high, USD slips to a 2-½-year low
December 04, 2020 11:57 PM AEDT| By Team Kalkine MediaThe persisting volatility in the financial markets due to the coronavirus pandemic-led disruption in the apparently smooth international trade has triggered a slide in the strongest international currency -- the United States dollar. With the ongoi.....
Why did China’s WeChat delete Scott Morrison’s message?
December 04, 2020 06:16 PM AEDT| By Edita Ivancevicstralia, criticising the Communist party for making such a ‘low’ move. WeChat, a popular Chinese messaging platform, deleted PM Scott Morrison’s message on Wednesday evening after he criticised the Chinese government for postin...
Australia’s retail sales return to growth, rise 1.4% in October
December 04, 2020 01:10 PM AEDT| By Kunal SawhneyAustralia’ retail sales have returned to growth, rising 1.4 per cent in the month of October 2020, seasonally adjusted. The latest figure updates the preliminary result of 1.6 per cent, which follows a decline of 1.1 per cent in the month of .....
How is Australia's property market scenario panning out?
December 04, 2020 12:01 PM AEDT| By Hina ChowdharyHousing prices saw second successive gains in the month of November, according to CoreLogic's national index, following gains recorded in October. The dwelling values have risen 0.8 per cent month-on-month and 3.1 per cent year-on-year. Housing pri.....
ABS data revealed surge in International trade and housing loan commitments
December 03, 2020 08:06 PM AEDT| By Team Kalkine MediaAustralia’s seasonally adjusted balance on goods and services surplus surged A$1,641 million to A$7,456 million in October from the previous month. The surplus stood at A$5,815 million in the month of September. The goods and services credits.....
What will Australia’s housing prices look like in 2021?
December 03, 2020 07:59 PM AEDT| By Edita Ivancevicnificant decline due to fewer international students being allowed to the country. With November marking another record-breaking month for higher house prices, the nation’s real estate market may exceed pre-coronavirus levels. Initially,...
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Superloans warned by the Commerce Commission over possible lending infringements
December 03, 2020 06:25 PM AEDT| By Team Kalkine MediaSuperloans, a former high-cost lender has been cautioned by the Commerce Commission over a possible failure to adhere to its responsible lending commitments after an investigation subsequent to several complaints from consumers, as well as budget a.....
British factories record fastest growth in 3 years
December 03, 2020 06:24 PM AEDT| By Kunal SawhneyThe UK Manufacturing Purchasing Managers’ Index (PMI) climbed to 55.6 in November, up from 53.7 in October, bringing cheer for the sector. However, the downturn in employment for the sector continued for the tenth consecutive month, revealed .....
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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.....
Canada’s GDP Grew 8.9% In Q3 2020: What It Means For Economy?
December 03, 2020 01:56 AM AEDT| By Kunal SawhneyCanada’s real gross domestic product (GDP) increased by about 8.9 per cent in the third quarter of 2020, reported Statistics Canada. This growth comes after a decline of 11.3 per cent in the second quarter and that of 1.9 per cent the.....
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