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Economy
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Key Takeaways from Phillip Lowe’s stance on rate cuts and stimulus
October 16, 2020 02:25 PM AEDT| By Team Kalkine MediaRBA Governor Phillip Lowe hinted at the possibility of future rate cuts in his latest speech at Citi’s 12th Annual Australia and New Zealand Investment Conference in Sydney. Governor Lowe said that further aid is needed in order to promote mo.....
Zoom Your Lens Over Bright Spots Dazzling in the NZ Economy
October 15, 2020 04:19 PM AEDT| By Team Kalkine MediaWhile Kiwi Land observed its worst economic contraction in June 2020 quarter amidst COVID-19-driven repercussions, the nation’s economy appears to be gradually resurrecting from the technical recession. NZ’s dedicated response in contai.....
Heartland Bank Creates History by launching NZ's lowest Home Loan rate
October 15, 2020 04:55 AM AEDT| By Team Kalkine MediaCoronavirus outbreak has caused mortgage rates in NZ to drop to all-time lows. Major banks are announcing low interest rates to boost up the economy and prompt Kiwis to spend more. Mortgage rates have been dropping since April and have now fallen .....
Bank of England Ensuring Preparedness of Banks for A Negative Interest Rate Regime
October 14, 2020 01:41 PM AEDT| By Team Kalkine MediaUnited Kingdom’s apex bank, the Bank of England (BoE) has been leaving no stone unturned to resurrect nation’s economy. The bank had already pushed interest rates near zero during the peak of unprecedented crisis. The Bank of England ha.....
UK’s Borrowing May Climb To £350 Billion, A Never-Before-Seen Level in Centuries
October 13, 2020 04:40 PM AEDT| By Team Kalkine MediaThe concerns around the rising debt pile have increased to an alarming level with the World Bank raising eyebrows on the quantum of public debt owed by the poorest countries. Amid the tightened business activity due to the coronavirus pande.....
UK unemployment rate at a three-year high
October 13, 2020 04:20 PM AEDT| By Hina ChowdharyThe unemployment rate in Britain has shot up sharply by 0.4 per cent, from 4.1 per cent (May to July 2020) to 4.5 per cent (June to August 2020). This is the highest rate for joblessness observed in the nation since the year 2017. Close to .....
The United Kingdom All Braced Up to Deal with The Second Wave of COVID- 19
October 13, 2020 04:10 PM AEDT| By Kunal SawhneyThe fears of the COVID- 19 pandemics making a resurgence in the United Kingdom may be coming true. The infection rate across the country has been rising, and Scotland and several other localities in the country are already in lockdown. It had been.....
Air New Zealand (NZX:AIR) offers flights under $60; Airlines Go aggressive to sell seats
October 13, 2020 04:00 PM AEDT| By Team Kalkine MediaIt's not often you hear about airlines offering massive sales these days. After many months, now that New Zealand is cautiously getting back on its feet, airlines have spruced up their sales tactics to cope up from the losses they suffered during t.....
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October Financial Stability Review: Banks Performing Better Than 2008 GFC
October 12, 2020 05:28 PM AEDT| By Team Kalkine MediaRecovering from the after-effects of a pandemic requires robust measures in all sectors. With international borders shut for months now, Australia has seen a demand shock coupled with an unparalleled unemployment rate. The economic contraction obse.....
Rishi Sunak offers help to check job losses as the economic recovery tapers off in August
October 11, 2020 03:28 AM AEDT| By Team Kalkine MediaBritain’s economic output grew at a feeble pace of 2.2 per cent in August 2020 as compared to an almost triple growth rate of 6.4 per cent observed during the previous month of July 2020, according to the latest estimates from the Office for .....
How is the negative interest rate prospect panning out for Australia?
October 11, 2020 01:46 AM AEDT| By Kunal SawhneyThe debate on whether negative interest rates can lead the economy to an upward leading cusp has taken an impetus in times of a pandemic. RBA has shown intermittent interest in maintaining a negative interest rate and is sitting on the fence when i.....
Did You Miss Australia’s Trade Surplus Data? Read On!
October 11, 2020 01:37 AM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) recently published the Trade Accounts statistics for August 2020. The trade account surplus has fallen over the course of one month from 4,652 million in July 2020 to 2,643 million in August 2020. These sta.....
Woolworths (ASX:WOW), Coles (ASX:COL), Wesfarmers (ASX:WEX): Are these large-cap ASX stocks set for budget tailwinds?
October 09, 2020 06:53 PM AEDT| By Team Kalkine MediaSummary Budget has given reasons to cheer to retail sector player having turnover of less than $5 billion, but these tax concessions are not for large supermarket chains. Supermarket chains like Woolworths Group Ltd (ASX:WOW) and Coles will ben...
Have Gandhi's Ideas Been A Guiding Post for New Zealand As It Emerges as a Leader In Fight Against Global Warming?
October 09, 2020 03:02 PM AEDT| By Team Kalkine MediaEnvironment sustainability has been a hot topic as the importance of climate change persists to grow across the world. Environment sustainability is concerned with maintaining and protecting natural resources without threatening the ability for the.....
Industry Reviews on Federal Budget 2020
October 09, 2020 02:01 PM AEDT| By Team Kalkine MediaThe federal budget for 2020-21 released by Treasurer Josh Frydenberg is under the spotlight amid its intended pros and cons. Undoubtedly, the federal budget aims to protect the Australian economy from the mayhem caused by the pandemic. With major f.....
Is Federal Budget 2020-21 pandemic friendly?
October 08, 2020 07:45 PM AEDT| By Team Kalkine MediaAustralian economy, which started on a recovery journey after a contracting June quarter, is experiencing a slowdown post Victorian lockdown. While RBA kept the interest rates unchanged in its latest meet, rollout of Budget 2020-21 remained the key.....
6 ASX stocks for your portfolio after Federal Budget 2020-21 – APT, NXT, XRO, TCL, SKI, MGR
October 08, 2020 06:57 PM AEDT| By Team Kalkine MediaOn 06 October 2020, the Australian Government released its FY2020-21 budget where it discussed its economic recovery plan. Like most countries across the globe, Australia also experienced a significant impact on its health system, community, and e.....
Second Covid-19 wave to put UK economy’s growth on hold
October 08, 2020 04:10 PM AEDT| By Team Kalkine MediaThe UK economy had started to recuperate from a recession after contracting during H1 2020, as various industries could reopen after the coronavirus-led lockdown (GDP growth for July 2020: 6.6 per cent). However, the UK treasury officials have warn.....
Zooming the Lens on Australia’s Housing Market
October 07, 2020 05:29 PM AEDT| By Team Kalkine MediaWith the economy locked in a crisis mode, Australia’s struggle to stabilise its property market continues as housing prices show a downward streak at the national level for the month of September. Housing prices declined by 0.1% nationally in.....
New 95% LTV state-backed mortgages: Why lenders are concerned?
October 07, 2020 04:20 PM AEDT| By Team Kalkine MediaBuying a property has been one of the major things in the to-do lists of individuals, but when it comes to financing the property, a large section of people approach housing financiers, lenders and other financial institutions dealing with mortgage.....
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