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Economy
Australia’s consumer sentiment weakens in March, reveals Westpac survey
March 09, 2022 03:09 PM AEDT| By Akanksha VashishtHighlights The Westpac-Melbourne Institute Index of Consumer Sentiment dropped below the 100-level mark in March. The decline in consumer confidence was driven by increased inflationary pressures and the Russia-Ukraine conflict. Labour market .....
How Russia-Ukraine conflict could affect Australian consumers
March 08, 2022 07:50 PM AEDT| By Akanksha VashishtJust as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amidst the Russia-Ukraine war. For an average consumer, the events escalating in Ukraine might have mo.....
Do you know how wars impact interest rates?
March 08, 2022 04:23 PM AEDT| By Akanksha VashishtHighlights Russia’s actions have prompted many nations to change their existing policy setup, including a rise in interest rates. The cost of interest payments accumulates even after the war has ended, potentially increasing the debt leve.....
Australia sees strong business conditions and confidence in February, reveals NAB
March 08, 2022 03:00 PM AEDT| By Akanksha VashishtHighlights NAB’s latest monthly business survey revealed that business conditions and confidence improved during February. Almost all states except Western Australia showed an incline in business conditions. Retail price inflation surged.....
Commerce Commission’s final report says competition muted in NZ grocery sector
March 08, 2022 01:52 PM AEDT| By ManikaHighlights Competition Commission submits its final report Says Competition is muted in the grocery sector Duopoly holds 80% of the marketshare Competition Commission submitted its final report on supermarkets today. The competition watch.....
New Zealand placed on Russia’s ‘unfriendly’ countries list
March 08, 2022 01:28 PM AEDT| By SonalRussia has approved a list of unfriendly countries and has imposed sanctions against that country as Russia invades Ukraine. The list includes New Zealand, the US, the UK and many other nations, as per a Russian media outlet. Russian citizens, Russi...
NZ Transport services face impact amid Omicron wave
March 07, 2022 01:29 PM AEDT| By SonalSeveral service operators are battling to function amid soaring Omicron infections in the country. Moreover, nearly 90 staff from Metlink, the entity that oversees Wellington’s trains, buses and ferry services, had been down with COVID-19. Onl...
What should you know about warnings of World War 3?
March 06, 2022 03:09 PM AEDT| By Toshiva JainAs the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been stringently invading Ukraine; despite assertions from the US, the UK the EU, and other nations. So, wou.....
From Brooke Roberts to Tiffany Jeans, 5 NZ women entrepreneurs changing perception
March 05, 2022 06:00 AM AEDT| By ManikaHighlights Kiwiland boasts many successful NZ women business leaders who have defied all the odds to run some of the most famous businesses across the country. Renowned investing platform, Sharesies, and sustainable beauty brand, Ethique, are t.....
Why is Business Council against Morrison govt’s anti-trolling bill?
March 04, 2022 08:41 PM AEDT| By Priyanka PayalHighlights The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff opposition from the Business Council of Australia. The bill negates the decision of the High Court in.....
Australia sees impressive retail spending and business conditions data
March 04, 2022 02:57 PM AEDT| By Akanksha VashishtHighlights The ABS recently released the data for retail trade in January and business conditions in February. Non-food online retail sales were higher in January compared to online food retailing. Businesses reported lesser supply-chain disru.....
NZ consumer confidence dips to lowest, will it bounce back soon?
March 04, 2022 01:56 PM AEDT| By ManikaHighlights Consumer confidence lowest ever, says ANZ-Roy Morgan survey Low confidence stems from households facing soaring inflation and high interest rates Kiwis’ confidence in the economy was at an all-time low in February. H.....
Biden’s State of Union: Will be first to halve deficit –key takeaways
March 04, 2022 05:26 AM AEDT| By Sanjeeb BaruahHighlights Biden vows to reduce the fiscal deficit to less than half from when he took office by the end of 2022. President Biden acknowledges the pain inflicted by inflation on ordinary people. Democratic senators have largely praised the pre.....
ABS update: Dwelling approvals drop in January while trade surplus improves
March 03, 2022 03:34 PM AEDT| By Akanksha VashishtHighlights Total dwelling approvals fell in January 2022, with private sector dwellings excluding houses leading the fall. The value of total approvals also declined, indicating a cool down in the red-hot property market. The balance on intern.....
Use of cash by Kiwis is fast declining, RBNZ Survey shows
March 03, 2022 01:49 PM AEDT| By ManikaHighlights Cash use by New Zealanders has declined sharply during the pandemic Only 63% use cash as against 96% in 2019 The number of Kiwis using cash is declining sharply, according to a new survey by the Reserve Bank of New Zealand (RBNZ.....
Bank of Canada hikes interest rates to 0.5%
March 03, 2022 02:47 AM AEDT| By Shreya BiswasThe Bank of Canada (BoC) said on Wednesday, March 2022, that it has decided to raise its interest rates to 0.5 per cent. This increase, which comes despite the ongoing economic tensions, is said to mark the first time Canada saw a hike in interest .....
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Will industry-wide sanctions be able to cripple Russian economy?
March 02, 2022 09:43 PM AEDT| By Sreenivas D AjankarHighlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctions have become the most preferred tool to overcome geopolitical tensions and hurt the country&rsqu.....
Russia-Ukraine war impact on Asian economies
March 02, 2022 06:59 PM AEDT| By Toshiva JainHighlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural gas producer, and the majority of the Asian nations depend upon the country for energy. Apart fr.....
Markets eye Fed rate hikes, will the RBA follow suit?
March 02, 2022 06:18 PM AEDT| By Akanksha VashishtHighlights Speculations are rife that the Fed might adopt an aggressive rate hike policy soon. Central banks across the globe are now recognising the need for slower growth in the economy. To raise interest rates, the RBA holds a condition to .....
Strong demand pushes Australia’s GDP growth to 3.4% in Dec 2021 Qtr
March 02, 2022 02:27 PM AEDT| By Akanksha VashishtHighlights Australia’s economic activity expanded by 3.4% during the December 2021 quarter. The surge in GDP was fuelled by a rise in private demand and increased household spending. The data shows that the economy recovered quite well f.....
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