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Economy
ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
June 17, 2021 05:02 PM AEST| By SonalSummary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and.....
Fed signals rate hike by 2023, expects 7% GDP growth this year
June 17, 2021 11:39 AM AEST| By Team Kalkine MediaSummary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates monthly. Fed Chairman Jerome Powell said discussions would continue before a final decision; he d.....
New Zealand just escaped recession, GDP grows by 1.6% in March quarter
June 17, 2021 10:17 AM AEST| By ManikaSmmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP).....
UK inflation soars to 2.1%, highest since July 2019
June 16, 2021 09:53 PM AEST| By Team Kalkine MediaSummary UK CPI-based inflation rate soared to 2.1% in May 2021 Sharp increase clearly portrayed the sudden spike in demand Clothing, meals and drinks, motor fuel contributed majorly to the upsurge The Consumer Prices Index (CPI) bas.....
UK-Australia First Free Trade Agreement Post Brexit to Boost Boris Johnson’s Political Standing
June 16, 2021 08:35 PM AEST| By Kamalika GhoshSummary Australia and the UK signed the first free-trade agreement since Brexit. The deal would remove tariffs on swimwear, Hardy wines, Jacob’s Creek, and confectionery. It would also let people less than 35 years of age to work and liv.....
What is Superannuation Fund and how it is different from KiwiSaver?
June 16, 2021 06:08 PM AEST| By ManikaSummary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It provides supplemental income to the Kiwis. Superannuation Fund in New Zealand is a governm.....
Have these 5 stocks been most active on NZX today?
June 16, 2021 03:36 PM AEST| By RomaSummary Canterbury floods to have caused multitude of claims from Tower Limited. Investor day to be held virtually by Sky Network Television limited Oceania Healthcare recorded good business despite the pandemic. Depending on various mark.....
New Zealand’s current account deficit in all-time poorest shape
June 16, 2021 12:32 PM AEST| By SonalSummary Current account deficit (CAD) reached $5 billion for New Zealand in the March quarter of 2021. Rise in imported goods and services deficit was the reason behind widening of the CAD. International investment position of the country narr.....
Reserve Bank of New Zealand adds a new tool to control house prices
June 16, 2021 12:13 PM AEST| By ManikaSummary The RBNZ initiates new tools to keep house prices in control. Government says these should not impact first-time home buyers. The RBNZ says these tools will only help in keeping the prices at sustainable levels. The Reserve Bank o.....
US retail sales drop 1.3% in May as spending shifts back to services
June 16, 2021 09:20 AM AEST| By Team Kalkine MediaSummary Expenditure on big items like auto, furniture, building material has dropped due to high prices and supply chain disruption. Spending on food, services, clothing, and entertainment activities like theme parks and casinos has gone up. .....
Are retail sales increasing in the US?
June 16, 2021 08:42 AM AEST| By Kiran MuraliRetail sales represent the purchase of goods and service through different channels by consumers and businesses. It indicates consumer demand for finished goods in a market. The Bureau of the Census puts out the advance monthly sales estimate for re...
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Unemployment rate slips slightly as claimant count dips sharply
June 15, 2021 10:39 PM AEST| By AbhijeetSummary The unemployment rate in the UK fell marginally in April 2021 to 4.7% Number of people seeking the unemployment benefits dropped by 92,600 Employees on payroll in May 2021 jumped by 141,000, ONS estimate suggests With the co.....
Annual food prices in New Zealand rise 1.8% in May
June 15, 2021 02:39 PM AEST| By SonalSummary Increased vegetable prices were the biggest contributor to the rise in food prices in May. Tomato and capsicum prices increased while kiwifruit prices fell in the month. Annual food prices in NZ rose 1.8% between May 2020 to May 2021. .....
Will New Zealand’s Q1 GDP numbers have an impact on the monetary policy stance?
June 15, 2021 12:58 PM AEST| By ManikaSummary March quarter GDP numbers to be revealed on 17 June. Whether GDP numbers will increase or dip, is the question? Most say, GDP will show an increase in view of the latest updates on NZ’s economic recovery. The Q1 GDP numbers .....
US oil prices hit 2-year high as demand soars
June 15, 2021 09:22 AM AEST| By Team Kalkine MediaCrude oil prices in the US hit US$71.48 a barrel on Monday, June 14, the highest in the last two-and-half-years. Oil prices have doubled since October last year and are expected to remain high as demand continues to rise with the easing of b.....
Deep dive into New Zealand Property Market
June 14, 2021 04:59 PM AEST| By SonalGiven the country's tiny population and enormous geographic mass, real estate in New Zealand is relatively costly. This has been the case due to steady increases in property prices for many years, which have coincided with consistently excellent...
COVID-19 loosens grip on India, shifts wrath towards other nations
June 14, 2021 12:27 AM AEST| By Furquan MoharkanAs the second wave of the COVID-19 pandemic in India seems to be tapering off, many middle-income nations across the world have started seeing a massive spike in the number of cases. India, for the past four consecutive days, has reported less than...
How US Firms Helping To Remove Polluting Landfill Trash
June 13, 2021 12:03 AM AEST| By Team Kalkine MediaSummary US companies are adopting new technologies to curb greenhouse gas emissions, ensuring industrial safety, safeguarding public health and the environment. The waste-to-energy projects are safe and technologically sound - converting waste,.....
Average asking prices for New Zealand houses soar 17% in May, price growth to slow in 2021
June 12, 2021 06:00 AM AEST| By SonalHouse prices in New Zealand are on a relentless rise in May as well, hitting a high for the 9th consecutive month. New property statistics released by Trade Me Property show that the average asking price for houses have risen 17% annually to reach $...
What Is the UK Doing About the Climate Challenge?
June 12, 2021 12:43 AM AEST| By Suhita PoddarSummary Climate change threat is increasing every day, with the world having touched 419 parts per million of CO2 in the atmosphere in May 2021, the highest ever on record. The UK’s ambitious net zero targets and its plan to decarbonise s.....
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