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Economy
Payroll jobs fall in Victoria, Western Australia;Frydenberg bats for high GDP numbers
March 03, 2021 04:16 PM AEDT| By AshishSource:Wright Studio ,Shutterstock Summary The payroll jobs increased in all states except Victoria and Western Australia in the fortnight to 13 February 2021 due to the coronavirus-induced restrictions. While the payroll jobs fell by 0....
Housing prices in Australia highest in 13 years
March 03, 2021 02:48 PM AEDT| By Team Kalkine Mediahe HomeBuilder grant, as well as record-low interest rates, led to the housing sector boom. The Australian housing market hit the headlines Wednesday as it saw the highest monthly price surge since 2003. House prices went up 2.1% in February aft...
German Court Rejects Lawsuit To Review Canada-EU Trade Pact
March 03, 2021 07:39 AM AEDT| By Ipsita SarkarSource: Number1411,Shutterstock Summary German Federal Court rejects Die Linke’s petition to review participation in CETA. The Canada-EU Trade Agreement came into effect in September 2017. Die Linke claims that the government failed to...
Canada Records Sharpest Real GDP Fall Ever In 2020
March 03, 2021 02:38 AM AEDT| By Shreya Biswasast quarter. Canada’s nominal GDP fell 4.6 per cent YoY in 2020. Real gross domestic product (GDP) contracted by about 5.4 per cent in Canada last year, which, Statistics Canada noted, was the sharpest yearly decline since GDP figures wer...
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Canada’s Federal Aid Boosts Household Income, Narrows Poor-Rich Gap
March 02, 2021 08:43 PM AEDT| By Ipsita SarkarNearly 22,000 people have died of COVID in Canada as of March 1, 2021. The income of Canada’s poorest households rose by 36.8 per cent in the first three quarters of 2020 due to massive government spending in COVID-19 relief, the country.....
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What ABS data shows about long-term rates in Australia?
March 02, 2021 07:43 PM AEDT| By TribhuwanSource: wutzkohphoto, Shutterstock Long term rates are now well above short term rates, indicating that long term economic prospects are promising. Economic activities are resuming in the country as evident by rising government tax revenues. Austr...
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What to look out for in the UK Budget 2021
March 02, 2021 07:07 PM AEDT| By Team Kalkine Mediaents to kickstart the economy, like setting up of a new infrastructure banks. All eyes are on Rishi Sunak as tomorrow is a big day for him when he will lay out the budget giving the Boris Johnson government’s forecast for the economy and i...
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Strong Demand Lifts Factory Activity Across the Globe in February
March 02, 2021 06:13 PM AEDT| By Daminiis further expected to push demand and factory activity over the near term. Without a doubt, COVID-19-driven lockdown restrictions initially weighed heavily on the services sector, interrupting factory activity worldwide. However, the recent pi....
RBA continues with quantitative easing, leaves interest rates unchanged
March 02, 2021 04:08 PM AEDT| By AshishSource: EyeofPaul,Shutterstock Summary The Reserve Bank of Australia (RBA) on Tuesday kept the interest rates unchanged at 0.1 per cent and maintained its commitment towards the quantitative easing programme. The decision to persist...
RBNZ to continue with easy policy settings
March 02, 2021 02:29 PM AEDT| By SonalSource: Michael Leslie,Shutterstock Summary RBNZ is not in any rush to eliminate stimulus and would maintain easy policy settings for a long period. The bank has the capacity to adjust the size of its LSAP functions from 1 week to other....
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How simplifying the tax system can help Sunak going forward
March 01, 2021 07:10 PM AEDT| By Team Kalkine Mediaat support to individuals and businesses would continue till the pandemic lasts. British finance minister Rishi Sunak has a huge task of bringing the economy back on the track after a full year of uncertainties and challenges. Ahead of the budge...
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Lens on the AUD Amid Rising Commodity Prices
March 01, 2021 06:32 PM AEDT| By Team Kalkine Mediait retreated 3.5% over the week on account of a bearish commodities and equities market. The previous week saw the Australian dollar on a roll, surging on the back of increasing commodity prices. On the 24th of February, the Australian dollar t....
Australian house prices record steepest hike since 2003; what’s driving the boom?
March 01, 2021 04:11 PM AEDT| By AshishSource:sommart sombutwanitkul,Shutterstock Summary Australian house prices reported their sharpest monthly rise since 2003 amid record low interest rates and government’s support. House prices soared 2 per cent across the major cap...
Chinese investments in Australia hit a 6-year low amid frayed relations
March 01, 2021 01:22 PM AEDT| By Ashishmed that Australia had blocked 10 Chinese investments on national security grounds. Amid the ongoing diplomatic tensions, Chinese investment in Australia plunged significantly in 2020. Even though global investments were negatively impacted due...
Canada Pension Board Chief Quits After COVID Travel Row
February 27, 2021 05:31 AM AEDT| By Ipsita SarkarSource: M-Foto, Shutterstock Summary CPPIB chief Mark Machin resigns after controversy over foreign travel for CIOVID shots. The board’s global head of credit investments John Graham to replace him. The finance ministry says people expe...
UK car sector seeks breather from Sunak in Budget 2021
February 26, 2021 06:25 PM AEDT| By Team Kalkine Mediay’s concerns are not met, it might miss on its environment goals as well. Car output in January for Britain dropped by 27 per cent year-on-year hit by dealership closures, global supply chain disruptions and change in trading terms wi...
UK border delays post-Brexit getting worse, claims study
February 25, 2021 11:40 PM AEDT| By Team Kalkine MediaGetting goods into the UK from the European Union (EU) has become more chaotic and bothersome for traders post-Brexit, a study has found. Importing and exporting goods from and to the EU have been marked by rampant delays and might end up c.....
UK services show large improvement in outlook: CBI survey
February 25, 2021 07:31 PM AEDT| By Team Kalkine Mediaetail sales dropped in the year to February as stores slashed jobs rapidly. The businesses and professional services firms have shown their biggest improvement in outlook in over five years a survey stated. However, the consumer services compani...
Australians’ average earnings decline as low-wage jobs recover
February 25, 2021 03:53 PM AEDT| By Ashisho put downward pressure on the average, said Bjorn Jarvis, head of Labour Statistics, ABS. The average earnings for full-time adults declined marginally in November 2020 amid a recovery in low-paid jobs, hours and wages. The average weekly ordin...
BoC Cuts Back Provincial Bond-Buying, Continues Quantitative Easing
February 25, 2021 01:35 AM AEDT| By Shreya BiswasSource: Shutterstock Summary The Bank of Canada said on Tuesday that it has decided to reduce its Provincial Bond Purchase Program (PBPP). The top Canadian lender reportedly said that it will conduct the PBPP once a week instead of twice from...
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