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Economy
10 Takeaways From The New Zealand Budget 2021
May 20, 2021 03:16 PM AEST| By SonalThe New Zealand government has released its budget for 2021, which it has dubbed as "Wellbeing Budget" because it was established in response to the economic challenges posed by COVID-19. The budget has focussed on benefits and health being the...
What Could Be Focus Areas As Robertson Delivers New Zealand’s Budget Today
May 20, 2021 11:53 AM AEST| By SonalSummary Grant Robertson will unveil NZ’s budget at 2pm on Thursday. Robertson had indicated that this year budget would be a recovery and well-being budget. An increase in benefits including funding for child poverty prevention scheme an.....
Australia’s wage growth shows signs of recovery, but public sector remains fragile
May 20, 2021 11:38 AM AEST| By Team Kalkine MediaThe Australian Wage Price Index, a key indicator to gauge overall health of an economy, grew at a subdued rate in the first three months of the year, even as unemployment rate fell faster than expected. In the January-March quarter of 2021, the Au.....
What To Expect From New Zealand’s Budget 2021?
May 20, 2021 11:32 AM AEST| By RomaSummary What can be expected from Budget 2021? What provisions for healthcare, vaccine, and education is it going to provide? How will Budget 2021 deal with the NZ housing crisis All eyes are fixed on the upcoming Budget announcement toda.....
BofA Joins Amazon, McDonald’s In Raising Minimum Wage
May 20, 2021 05:37 AM AEST| By Team Kalkine MediaBank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NASDAQ: AMZN) and McDonald's Corporation (NYSE: MCD) had earlier announced to hike the minimum hourly.....
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An Increase in Energy Prices Doubles UK’s Inflation in April
May 19, 2021 11:27 PM AEST| By AbhijeetUK’s Consumer Price Inflation (CPI) increased to 1.5 per cent in April, more than double to what it was in the previous month of March (0.7 per cent). The surge was primarily driven by an increase in the electricity bills and household gas pr.....
Lloyds Recovery Tracker Records Output Growth Across Sectors
May 19, 2021 07:50 PM AEST| By Suhita PoddarSummary The widespread growth suggests that the UK economic recovery has moved into the fast lane. The tourism and recreation sector’s economic activity grew for the first time in April since August 2020. Going forward, the UK manufactur.....
What do Rising Bond Yields Indicate About the Economy?
May 19, 2021 06:22 PM AEST| By Team Kalkine MediaSummary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem.....
Will Hiked Electricity, Gas Prices In March 2021 Quarter Affect New Zealanders?
May 19, 2021 12:17 PM AEST| By SonalSummary Electricity prices experienced a rise in the March quarter of 2021. Gas supply prices rose due to unanticipated production drop at the Pohokura gas field. Electricity prices for residential customers rose 0.4% in the March quarter. .....
Did Colonial Pipeline Attack Drive US Oil Prices Up?
May 19, 2021 11:48 AM AEST| By Team Kalkine MediaSummary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga.....
What are the Factors Impacting Bond Yields?
May 18, 2021 05:19 PM AEST| By Team Kalkine MediaSummary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth.....
Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH
May 18, 2021 03:37 PM AEST| By SonalWith the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...
Will NZ’s Federal Budget 2021 Be A Fine Balancing Act?
May 18, 2021 01:21 PM AEST| By ManikaIs it going to be a well-being Budget or COVID-19 recovery Budget for 2021? According to Finance Minister Grant Robertson, it will, in many ways, still be a COVID-19 Budget. Even though, the NZ economy has been resilient to the impacts of COVID-19.....
Would New Zealand’s SMEs Gain From Budget 2021?
May 18, 2021 12:41 PM AEST| By SonalSummary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many businesses have hopes on various fronts from the upcoming budget. Small and medium enterprises (SM.....
Greyhound Canada Exit Brings Opportunity For Local Bus Operators
May 18, 2021 02:18 AM AEST| By Team Kalkine MediaWhen motorcoach operator Greyhound ceased operations in Western Canada in 2018, communities in small towns including Massey in Ontario and Osoyoos in British Columbia were forced to find alternate ways of transportation. Now, in 2021, amid the pandem...
Why UK Government Is Denying Support to Biden’s Minimum Global Business Tax
May 17, 2021 11:05 PM AEST| By Suhita PoddarSummary The UK wants the US and others to focus on bringing in provisions that make large MNCs pay more tax in the nation where they are operating. Biden’s plan could put a brake on shifting out of multinational companies out of the US wi.....
ANZ foresees OCR rate to hike gradually from August 2022
May 17, 2021 06:44 PM AEST| By SonalSummary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2023. RBNZ due to meet on May 26 to decide on OCR rates. Australia and New Zealand Banking Gr.....
Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050
May 17, 2021 02:47 PM AEST| By Team Kalkine MediaSummary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping i.....
ASB Offers Low Interest Rates for Newly Built Properties
May 17, 2021 12:49 PM AEST| By RomaSummary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the market conditions after increasing prices. Housing Sector woes seem nowhere close to end rig.....
Violators Under Watch as Government Plans to Resume International Holidays
May 16, 2021 12:57 AM AEST| By AbhijeetSummary The Department for Transport and the Civil Aviation Authority have been working closely to resume the international holidays on or after Monday, 17 May Between 11 February and 27 April 2021, the Civil Aviation Authority has issued as ma.....
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