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Economy
Dry weather across northern hemisphere hits wheat production, Is Australia in a sweet spot?
January 11, 2021 04:39 PM AEDT| By Team Kalkine MediaAustralia wheat is set to land far beyond China as the Russian and European supply chains are taking a hit. Dry weather has hurt top growing regions in the northern hemisphere; however, the condition across Australia has been conducive with widesprea...
Westpac cuts mortgage rate amid housing boom
January 11, 2021 02:35 PM AEDT| By Team Kalkine MediaWestpac Banking Corporation (NZX:WBC,ASX:WBC) has declared a mortgage rate of 2.29%, a steep 20 bps cut and the lowest rate offered by any of the 4 big banks in NZ. However, the special rate is only available on a 1-year fixed term for customers wi.....
Why Australian retail sales rose in November 2020
January 11, 2021 01:30 PM AEDT| By Team Kalkine MediaAustralia’s retail sales surged 7.1 per cent in November 2020, against a rise of 1.4 per cent in October 2020, as the domestic economy steadily rebounded amid the coronavirus pandemic. The preliminary data had anticipated the retail trade to .....
Households Gain Benefits from Tax Offsets, Consumer Spending Boosts
January 11, 2021 09:59 AM AEDT| By Kunal SawhneyThe new government tally shows that almost 8 million workers had an extra $760 million in their pockets over the past six months with COVID-driven tax cuts playing a central role in it. Tax cuts kicked-in across the continent as a part of a plan to...
US loses 140,000 jobs in December 2020
January 11, 2021 09:38 AM AEDT| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
PM Johnson appoints Alok Sharma as full-time President of UN COP26
January 10, 2021 12:52 AM AEDT| By Kunal SawhneyPM Boris Johnson on Friday, 8 January, designated former Business Secretary Alok Sharma as the full-time President of UN COP26 climate conference that is scheduled to take place in Glasgow in November. Kwasi Kwarteng has been appointed as the Secre.....
Halifax Says Growth in House Price Is Slowing Down After the Boom
January 10, 2021 12:49 AM AEDT| By Kunal SawhneyBritain’s biggest mortgage lender Halifax released its latest report on 8 January, which indicated that the average house price in the UK for the month of December reached a record high of £253,374. Though there was a 6 per cent increa.....
UK Records Highest Daily Toll of Covid-19 Deaths, NHS Staff to Be Vaccinated Soon
January 09, 2021 06:53 PM AEDT| By Hina ChowdharyThe hospitals in London are at risk of being overwhelmed as Friday witnessed the highest daily death toll since the onslaught of the coronavirus pandemic. PM Boris Johnson has enforced the third lockdown and is procuring more and more vaccines to s.....
COVID-19 Second Wave Impact: Canada Lost 63,000 Jobs in Dec 2020
January 09, 2021 03:23 AM AEDT| By Kunal SawhneyAfter a streak of monthly gains, Canada’s job market witnessed a loss of 63,000, or 0.3 per cent month-over-month (MoM), in December last year, reported Statistics Canada. This latest drop in numbers is the first decline in the country’s...
UK employment market strengthened in December, says REC survey
January 08, 2021 05:45 PM AEDT| By Team Kalkine MediaThe UK jobs scenario has improved in December, before the new lockdown was imposed, according to the results of survey from Recruitment and Employment Confederation. There was a rise in permanent hiring along with a small leap in the total number o.....
Will owning a house in NZ become a distant dream amid soaring housing prices?
January 08, 2021 02:55 PM AEDT| By Team Kalkine MediaNZ posted record housing prices for December 2020, showing no signs of any moderation in the last month of 2020. CoreLogic’s House price index (HPI) revealed that property values rose by 2.6% in December alone, reporting a 6.1% growth in the.....
Quebec Imposes New COVID Lockdown Rules: All You Need to Know
January 08, 2021 01:10 AM AEDT| By Team Kalkine MediaQuebec Premier François Legault has announced that lockdown restrictions will be tightened in the province in the light of the alarmingly rising numbers of COVID-19 cases. Much of the Quebec province has been observing lockdown protocols sinc...
‘Attack On Democracy’ Says Trudeau As Pro-Trump Protestors Breach US Capitol Hill
January 07, 2021 10:01 PM AEDT| By Team Kalkine MediaCanadian Prime Minister Justin Trudeau Wednesday expressed concern over the recent storming of US Capitol Hill by Trump supporters, describing the incident as an “attack on democracy”. Tweeting on the issue, he said that the country was &...
Why private house approvals rose for fifth straight month in November
January 07, 2021 03:51 PM AEDT| By Team Kalkine MediaThe approvals for private sector houses surged for the fifth month in a row in November in Australia. The upturn was driven by the strength in Queensland and South Australia, according to a report. While the approvals for private houses rose 6.1 p.....
Good News: AUD/USD Rallies to its Highest Since March 2018
January 07, 2021 03:41 PM AEDT| By Kunal SawhneyThe Australian dollar has gained immense strength against the USD as AUD/USD is currently trading at 0.78, its highest level since March 2018. The Australian dollar has rallied in the market post March 2020, and it continues to show an upward.....
International trade surplus trims by $1.5 billion in November
January 07, 2021 02:39 PM AEDT| By Team Kalkine MediaAustralian Bureau of Statistics (ABS) has released International trade data for November 2020. On a seasonally-adjusted basis, the Australian trade surplus trimmed by around $1.5 billion to $5.02 billion against the previous month. Source:.....
Australia beefs up safety measures amid fears about new coronavirus strain
January 07, 2021 01:42 PM AEDT| By Team Kalkine MediaIn the wake of rising cases of the new coronavirus strain in the UK, Prime Minister Scott Morrison has decided to strengthen the international travel safety measures. A meeting is scheduled to be held on Friday to discuss the end-to-end safety of t.....
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New car registrations in Britain dropped but EV sales up, says SMMT
January 06, 2021 05:45 PM AEDT| By Team Kalkine MediaThe Society for Motor Manufacturers and Traders (SMMT) has said that new car registrations in the UK plummeted to a nearly three-decade low value last year. 1.63 million new cars got registered in 2020 as compared to 2.3 million totalling for the y.....
NZ property market likely to stay on its wild trajectory in H1 2021
January 06, 2021 04:03 PM AEDT| By Kunal SawhneyNZ property market has been on a wild trajectory, witnessing persistent increase in the housing prices. Property market leader CoreLogic’s house price index (HPI) increased by 2.6% in December, up by 11.1% from a year earlier, taking the gro.....
Chancellor Sunak announces lockdown grants of £4.6 billion to support businesses and jobs
January 06, 2021 03:53 AM AEDT| By Team Kalkine MediaChancellor of the Exchequer Rishi Sunak on Tuesday, 5 January, announced “lockdown grants” to the tune of £4.6 billion in order to support the businesses and related jobs that will be affected by the newly imposed national lockdown....
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