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Economy
The new JobKeeper might cause bankruptcies for businesses
July 15, 2020 05:45 PM AEST| By Team Kalkine MediaSummary With the end date of the government’s wage subsidy program approaching in September, businesses have been warned that the incentive could make them go bankrupt. The Federal government has pledged some form of income support for th.....
Bank of Canada keeps benchmark rates intact, says full economic recovery unlikely before 2022
July 15, 2020 12:37 PM AEST| By Team Kalkine MediaThe Bank of Canada will maintain its current benchmark interest rate until the “two percent inflation target is sustainably achieved”, said central bank Governor Tiff Macklem while discussing the Monetary Policy Report (MPR) in a teleco.....
Consumer Spending and Confidence dips due to COVID-19 outbreak in Victoria
July 14, 2020 10:25 PM AEST| By Hina ChowdharyThe condition of Australian economy now depends on how well the virus cases can be controlled in Victoria, as businesses and consumer sentiments, combined with consumer spending have started dwindling amid rising fears of the second wave. The surge.....
Australia's Stance on Hong Kong Extradition Treaty
July 13, 2020 07:22 PM AEST| By Team Kalkine MediaSummary When the world is struggling hard due to the pandemic, China seems to be cornering itself on various fronts. Australia has suspended its extradition treaty with Hong Kong due to a new security law imposed on the city by China. Go.....
V-shaped trajectory for economy unlikely while stocks approach closer to reporting season
July 13, 2020 06:11 PM AEST| By Team Kalkine MediaSummary Leading indicators in most of the developed nations and emerging markets have returned to relatively better levels, but a widespread lockdown remains a major risk to the economic outlook. With Melbourne going for a six-week shutdown, th.....
Will Potential Travel Bubbles Bring a Stroke of Luck for Australian Travel Industry?
July 12, 2020 12:00 AM AEST| By Team Kalkine MediaThe year 2020 is just halfway through, and the world has already gone through numerous hardships, ranging from airplane crashes, bushfires, Hong Kong-China spat, earthquakes and the gravest of all – COVID-19 Pandemic. While there is hardly an.....
Australia at risk of next wave of infections, Victoria announced $534m business support package
July 11, 2020 01:31 PM AEST| By Team Kalkine MediaSummary Victoria announced $534 million support package for affected businesses by Melbourne’s 6-week lockdown. Package includes funds for hospitality, tourism, mental health and small companies to ensure the survival of these businesses .....
Australia Covid-19 restrictions, What is allowed and what is not
July 09, 2020 07:12 PM AEST| By Team Kalkine MediaSummary Amid the rising number of new cases in the Victoria state, stage 3 lockdown restrictions to stay at home has been in force from 8 July to 19 August 2020. The stock market dipped after Victoria lockdown announcement on Tuesday; however t.....
Coronavirus Spikes Canada’s Fiscal Deficit To C$ 343.2 Billion; Markets Tread Cautiously
July 09, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Canada’s fiscal deficit soared to C$ 343.2 billion or nearly 16% of the economic output as the spending on coronavirus-related programs went up Much of the COVID support will be financed through new C$ 409 billion bond programs M.....
Has the Sports industry dodged the COVID-19 Ball?
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary The Covid-19 related restrictions have impacted all kinds of sports, and major events such as Olympics and Paralympics have been postponed Australia's National Cabinet has released National Principles for the Resumption of Sport and Rec.....
First in the league: Australia's Green Bond Fund in Ethical Investment Market
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary Clean Energy Finance Corporation (CEFC) has pledged to put in at least $70 million to a fund of green bonds that are first of a kind in Australia. The practice of adopting ESG framework has been rising while making any investment decisi.....
Housing values fall and auction rates go lower as pandemic fears hang around
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaSummary As per the latest report, auction volumes have dropped, and clearance rates have stayed bleak due to rising coronavirus cases, and school holidays that have drawn upon the housing market. A preliminary clearance rate of 65.1% was record.....
How Volatility in Global Stock Markets is Helping Gold Prices?
May 16, 2020 05:50 PM AEST| By Team Kalkine MediaGold is traditionally considered by investors as a safe investment, especially during a time of recession with high risks of inflation and exchange rates depreciating. The current price of gold is indicated in terms of currency. And the current price...
Learn the art of investing during a bear market - Warren Buffet’s style
April 19, 2020 02:29 AM AEST| By Hina ChowdharyThe investors seem to struggling and looking for safer and attractive bets to smoothly glide through the vexing roller coaster ride of the stock market volatility. The businesses are bedevilled by the marring impact of the coronavirus that has shoved...
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