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Economy
RBA Cash Rate Decision Under the Spotlight
October 24, 2020 05:33 PM AEDT| By Team Kalkine MediaThe RBA is expected to hold its next monetary policy meet on 3 November. Till then speculations persist on whether interest rates will be cut down to nearly 0%. Recent speech given by RBA governor Phillip Lowe has fuelled the speculations of rates .....
Australia Marks Gradual Virus Control, Set to Fly Back Increasing Number of Stranded Citizens
October 24, 2020 05:05 AM AEDT| By Team Kalkine MediaAustralian Prime Minister Scott Morrison announced the much-awaited news on Friday that the country will slightly lift the cap on the number of citizens and permanent residents returning to their homeland each week. In light of the global travel r.....
UK consumer confidence index falls as fear of recession mounts
October 23, 2020 10:45 PM AEDT| By Kunal SawhneyThe United Kingdom is currently experiencing the second wave of the Covid-19 with tougher social distancing restrictions being introduced. The prime minister has strengthened the social distancing measures currently in force in the UK to curb the s.....
FTSE 100 inches up as Sunak rolls out extra job support
October 23, 2020 09:47 PM AEDT| By Team Kalkine MediaRishi Sunak, Chancellor, UK Treasury had granted additional support under the earlier announced Jobs Support Scheme (JSS) which begins on 1 November 2020 and would last for a period of six months. The economy needs support to sustain itself.....
UK Secures Its First Post-Brexit Trade Deal with Japan
October 23, 2020 08:29 PM AEDT| By Team Kalkine MediaIn a major success for the Boris Johnson government, United Kingdom has secured its first major trade deal with Japan since it broke away from the European Union. The deal which was signed in Tokyo on 23 October 2020, has been given the name The UK.....
Australian energy prices plummet to a six-year low in National Electricity Market
October 22, 2020 05:22 PM AEDT| By Team Kalkine MediaThe Australian Energy Market Operator (AEMO) released the Quarterly Energy Dynamics (QED) report for Q3 ending on 30 September 2020, outlining the electricity demand variations, price variations in the wholesale electricity and gas market. AEMO als.....
RBA Deputy Guy Debelle All Praise for Policymakers’ Role in COVID-19 Recovery
October 22, 2020 04:24 PM AEDT| By Team Kalkine MediaSpeaking at FX Week Australia 2020, the RBA Deputy Governor Guy Debelle applauded the central banks and governments’ swift action against the COVID-19 crisis. Mr Debelle hailed the quick recovery in market conditions after sharp deterioration.....
UK national borrowings grow as coronavirus support continues
October 21, 2020 11:02 PM AEDT| By Team Kalkine MediaPublic sector borrowings of the UK government were worth £36 billion during September 2020, according to the latest data from the Office for National Statistics. The corresponding value in September 2019 was £28 billion. It is the thir.....
Gordon Brown Urges Govt To Pay Subsidy to Employers for Hiring Workers Under 25
October 21, 2020 09:28 PM AEDT| By Team Kalkine MediaFormer Prime Minister Gordon Brown, who led the country during the financial crisis of late 2000, has urged the government to provide employers a subsidy of £100 a week to recruit workers below the age of 25. Amid the pandemic, unemplo.....
At E-Commerce Summit, Scott Morrison eyes a digital decade for Australia
October 21, 2020 05:25 PM AEDT| By Team Kalkine MediaPrime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit at Parliament House in Canberra, he highlighted the adoption of digital technologies by businesses a...
Bank Of Canada Survey Shows Business Sentiment Is Better But Still Weak
October 20, 2020 10:44 PM AEDT| By Team Kalkine MediaBusiness sentiment has progressed in the light of COVID-19 restrictions being phased out, but remains weak in all provinces, said the Bank of Canada’s (BoC) 2020 Autumn Business Outlook Survey. Released on Monday, October 19, the autumn surve.....
90 per cent of the current workforce would need reskilling by 2030, says CBI
October 20, 2020 09:41 PM AEDT| By Hina ChowdharyThe Confederation of British Industry (CBI) has warned that Britain could face serious threat if it does not upskill its workforce as businesses need skilled talent to stay competitive. However, the working world is changing faster than pe.....
Coronavirus update: Manchester economy’s growth to suffer with tier-3 restrictions
October 20, 2020 09:38 PM AEDT| By Kunal SawhneySir Richard Leese, leader, Manchester city council has requested the UK government to come out with an effective shielding program for the region. There should be no blanket business closures as it would heavily cost the regional economy, h.....
Brexit: Industry Associations React on Boris Johnson’s New Walk Away Warning
October 20, 2020 09:00 PM AEDT| By Team Kalkine MediaThe deadlock over the negotiations about the Brexit trade deal between the UK and European Union (EU) appears to have no favourable end. Recently, PM Boris Johnson said that his government is fed up with the developments and responses and might jus.....
NZX Stocks Rejoice with the benchmark Index up ~5% in Oct as Jacinda wins the second term
October 19, 2020 08:04 PM AEDT| By Team Kalkine MediaNZX stocks have been rolling to record highs with the housing market flying into a boom mode as NZ had been preparing to go to polls. In New Zealand election 2020 on 17 October, the centre-left Labour party of Jacinda Ardern roared to a landmark e.....
Australia Gears up for Tourism 2.0: What’s Lies Ahead?
October 17, 2020 04:51 AM AEDT| By Team Kalkine MediaTourism plays a substantial role in Australia’s overall economy. The sector is a large contributor to GDP as well as employment. Right when the bushfires were receding from the headlines, progressive social distancing and travel restrictions.....
Unemployment Rate Goes North in September post Strong August Showing
October 16, 2020 05:59 PM AEDT| By Team Kalkine MediaEconomic analysts are pondering over the headline estimates of unemployment released by the Australian Bureau of Statistics. Australia’s unemployment rate grew 0.1% pnts to 6.9% in the month of September. According to ABS, 29,500 people.....
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Key Takeaways from Phillip Lowe’s stance on rate cuts and stimulus
October 16, 2020 02:25 PM AEDT| By Team Kalkine MediaRBA Governor Phillip Lowe hinted at the possibility of future rate cuts in his latest speech at Citi’s 12th Annual Australia and New Zealand Investment Conference in Sydney. Governor Lowe said that further aid is needed in order to promote mo.....
Zoom Your Lens Over Bright Spots Dazzling in the NZ Economy
October 15, 2020 04:19 PM AEDT| By Team Kalkine MediaWhile Kiwi Land observed its worst economic contraction in June 2020 quarter amidst COVID-19-driven repercussions, the nation’s economy appears to be gradually resurrecting from the technical recession. NZ’s dedicated response in contai.....
Heartland Bank Creates History by launching NZ's lowest Home Loan rate
October 15, 2020 04:55 AM AEDT| By Team Kalkine MediaCoronavirus outbreak has caused mortgage rates in NZ to drop to all-time lows. Major banks are announcing low interest rates to boost up the economy and prompt Kiwis to spend more. Mortgage rates have been dropping since April and have now fallen .....
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