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Economy
New Zealand Sets Different Pay Parameters For public sector workers
May 05, 2021 02:08 PM AEST| By SonalThe New Zealand Government announced Wednesday that public sector workers earning over $100,000 would not get any pay increase while those earning more than $60,000 could expect a rise in pay in only exceptional circumstances. Public Service Co...
NZ Financial system in healthy state, but vulnerabilities persist: RBNZ
May 05, 2021 12:17 PM AEST| By SonalSummary RBNZ stated that financial vulnerabilities were still intact and more action was needed there. Border restrictions, supply-chain disturbances, and social distancing have decreased activity in affected sectors. New capital rules for ban.....
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New Investment Deals with India To Boost the Economy and Employment
May 05, 2021 03:10 AM AEST| By Suhita PoddarSummary The £1-billion UK-India trade deal announced to generate 6,500 UK jobs will mainly focus on the healthcare and technology sectors. The partnership is expected to be a steppingstone for a future FTA between the two nations. These .....
RBA keeps rates unchanged, revises up GDP growth
May 04, 2021 03:31 PM AEST| By AshishThe Reserve Bank of Australia (RBA) on Tuesday kept both official interest rate and yield target on the three-year bond yield unchanged 0.1%. The RBA, however, upgraded the gross domestic product (GDP) growth scenario, with growth of 4% expected ov.....
In Pre-Budget Speech, NZ FM Calls For Reutilising Funds For Economy’s Recovery
May 04, 2021 02:18 PM AEST| By Team Kalkine MediaTuesday morning, New Zealand was greeted by Hon Grant Robertson, Minister of Finance, when he delivered his annual pre-budget speech to the audience at the Wellington Chamber of Commerce. Robertson stated that all the funds allocated for meeting C.....
New Zealand’s home transfers rose 34% in March 2021 quarter
May 04, 2021 02:00 PM AEST| By SonalSummary Home transfers in New Zealand rose by 34% on pcp in the March quarter of 2021. The high number of home transfers in March quarter comes after a strong December 2020 quarter. 192 home transfers were made to buyers who did not have New Z.....
RBA Monetary Policy: What market expects from the central bank
May 04, 2021 10:03 AM AEST| By Team Kalkine MediaThe Australian share market closed flat with positive bias on Monday as traders were cautious ahead of Reserve Bank of Australia’s (RBI) policy meetings on Tuesday, with a decision expected at 2.30 pm. The ASX200 closed 3 points higher at 7,0.....
MYOB Business Monitor: NZ SMEs still wary about economic recovery in 2021
May 03, 2021 12:00 PM AEST| By SonalThe annual MYOB small and medium enterprise survey shows that SME sector of New Zealand remains wary about the possibility of further economic recovery in 2021. The survey showed that nearly half (41%) of SMEs believed New Zealand’s economy wo...
How Will Amazon’s Alberta-Based Solar Plant Affect Canada?
May 01, 2021 05:33 AM AEST| By Team Kalkine MediaSummary Amazon Inc announced on April 19 that it plans to invest in an 80 megawatt solar power project that is based in Alberta province’s Newell County. According to the company, the project is expected to produce nearly 195,000 megawatt.....
£5-bn Project Gigabit to Ensure Connectivity for Hard-To-Reach Homes and Businesses
May 01, 2021 02:25 AM AEST| By AbhijeetSummary The UK government has set out a multi-billion infrastructure project to bolster the connectivity in the hard-to-reach areas Following the successful completion of the infrastructure project, the families and enterprises that were facing.....
DCMS Inducts New Cyber Security Laws to Safeguard Smart Devices
May 01, 2021 12:19 AM AEST| By AbhijeetSummary The Department of Digital, Culture, Media & Sports) has introduced new cybersecurity laws Nearly 49 per cent of UK residents have bought at least one smart device since the beginning of the coronavirus pandemic The make.....
Will NZ Government Succeed In Putting The Brakes On Rising House Prices?
April 30, 2021 12:09 PM AEST| By Team Kalkine MediaSummary Kiwi land witnessing a colossal rise in its house prices for over a year. Low interest rates, government assistance were some of the main reasons for this huge rise. First-time home buyers facing the heat as affordable housing has now .....
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US GDP Grows By 6.4% In First Quarter As Economy Reopens
April 30, 2021 07:36 AM AEST| By Team Kalkine MediaSummary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 03:33 PM AEST| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
Why New Zealand registered trade surplus of $33 million for March 2021
April 29, 2021 01:03 PM AEST| By Team Kalkine MediaLatest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March. Trade balance shows the difference between a country’s exports and imports in a particular period of time. When a country's exp...
Westpac Banking Corporation (ASX:WBC) Bumps Up Fixed Mortgage Rates
April 29, 2021 11:50 AM AEST| By Team Kalkine MediaSummary Westpac has announced it is increasing its four as well as five-year fixed rates by 0.30 per cent for home loans. Westpac joins other banks such as The Commonwealth Bank of Australia that has also increased its fixed-term loan rates. T.....
Will supply-demand imbalance continue as asking prices for NZ homes cross $8K mark?
April 29, 2021 11:29 AM AEST| By Team Kalkine MediaSummary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose 26%, while supply fell 9% in NZ in the month. House prices may be stable or can fall over this ye.....
From Free Education To Tax Cuts: An Insight Into Biden’s New Family Plan
April 29, 2021 07:36 AM AEST| By Team Kalkine MediaSummary The American Family Plans consist of US$1 trillion in investments and US$800 billion in tax cuts. Biden’s plan will provide more money to the middle class families for better education and child care. The administration proposes .....
Latest ABA Figures Show Significant Fall in Bank Loan Deferrals
April 28, 2021 06:46 PM AEST| By Team Kalkine MediaSummary As per the ABA data, home loan deferrals have fallen substantially from 468,786 to 3,170 with the big four banks and Suncorp. Business loan deferrals have also fallen steeply with 508 on hold by 31 March 2021. Customers still strugglin.....
Will Australia’s Housing Prices Take a Breather Anytime Soon?
April 28, 2021 03:22 PM AEST| By Team Kalkine MediaSummary Housing prices are expected to show signs of a slowdown after showing accelerated growth over the past few months. What started with an impetus from record low interest rates has snowballed into high amounts of debt alongside mortgage f.....
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