Economy


 Reopening Impact: Consumer Confidence Post Sharp Rise in April

Reopening Impact: Consumer Confidence Post Sharp Rise in April

April 23, 2021 06:11 PM AEST| By Team Kalkine Media

Summary In the month of April, GfK Consumer Confidence Index increased a notch to -15 from -16 in March. Expectations for the general economic situation for the next 12 months is now 45 points higher than what it was in the same month last year.....

 Is the Australian property market moving out of control?

Is the Australian property market moving out of control?

April 23, 2021 05:34 AM AEST| By Team Kalkine Media

Housing prices have taken a steep turn in Australia as they continue to soar in an economy with incredibly low levels of inflation. The increasingly unaffordable housing prices stand in stark contrast to the record low interest rates prevailing in .....

 BoC’s Record Low Policy Rate Is A Shot In The Arm After Budget Stimulus

BoC’s Record Low Policy Rate Is A Shot In The Arm After Budget Stimulus

April 22, 2021 07:10 PM AEST| By Team Kalkine Media

Summary Bank of Canada maintains benchmark interest rate at 0.25 per cent. Bank says Canadian and global economy will rebound quickly, with Canada GDP growth at 6.5 per cent in 2021. Inflation is high as prices in same month last year plunged .....

 Is Transport The Main Driver For NZ Inflation in Q1 2021?

Is Transport The Main Driver For NZ Inflation in Q1 2021?

April 22, 2021 02:33 PM AEST| By Manika

Summary Increase in transport costs was the main reason for quarterly inflation. But there were other reasons too, like the housing prices. The inflation is still low as compared to the RBNZ target. The inflation numbers as announced on W.....

 ANZ slashes variable mortgage rates by up to 90bps

ANZ slashes variable mortgage rates by up to 90bps

April 22, 2021 12:58 PM AEST| By Team Kalkine Media

Australia And New Zealand Banking Group (NZX:ANZ, ASX:ANZ) is the first bank to slash variable mortgage interest rates in 2021. ANZ has cut off up to 0.9% from its variable rate home loans and altered its package discount structure on April 19. The...

 Budget 2021: What’s In It For Corporate Canada?

Budget 2021: What’s In It For Corporate Canada?

April 22, 2021 12:00 PM AEST| By Team Kalkine Media

In the wake of pandemic-induced lockdowns and stressed financials, private investment is under pressure for most companies. But Chrystia Freeland’s Federal Budget 2021 has enough elements to cheer businesses. The federal budget hits the right...

 NZ economy would stay buoyant to external headwinds: Moody's

NZ economy would stay buoyant to external headwinds: Moody's

April 22, 2021 06:10 AM AEST| By Team Kalkine Media

New Zealand’s economy is one of the most well-placed economies in the world, partly owing the credit to its hard and early response to the COVID-19 pandemic. NZ witnessed an increase in the economic activity in the second half of 2020. NZ&rsqu...

 Canada’s Annual Inflation Rate Spiked To 2.2% In March. Here’s Why

Canada’s Annual Inflation Rate Spiked To 2.2% In March. Here’s Why

April 22, 2021 02:08 AM AEST| By Shreya Biswas

Summary Canada’s Consumer Price Index (CPI) shot up by 2.2 per cent year-over-year (YoY) in March 2021, reported Statistics Canada. This was a notable increase from the 1.1 per cent YoY gain in February. On a seasonally adjusted monthly .....

 UK MPs Urge the Government to Renew the Scrapped GHG Scheme

UK MPs Urge the Government to Renew the Scrapped GHG Scheme

April 22, 2021 01:17 AM AEST| By Abhijeet

Summary The Environmental Audit Committee has written to the UK business secretary calling for clarity on overhauling and extending the GHG scheme, claiming it was poorly implemented. The scheme allowed people to apply for up to £5,000 gr.....

 UK CPI inflation jumps to 0.7% in March 2021, says ONS

UK CPI inflation jumps to 0.7% in March 2021, says ONS

April 21, 2021 07:15 PM AEST| By Abhijeet

Summary CPI-based inflation rate in the UK ticked up to 0.7 per cent in March 2021. Fuels and clothing contributed the most towards the upward movement.  The annual consumer price indicator (CPI) based inflation rate in the United Kin.....

 FTSE 100 regathers upswing as inflation rises to 0.7% in March 2021

FTSE 100 regathers upswing as inflation rises to 0.7% in March 2021

April 21, 2021 06:10 PM AEST| By Abhijeet

Summary FTSE 100 bounced back on Wednesday after witnessing the worst session in two months on Tuesday. The index hurriedly crossed the psychological mark of 6,900 in the wee hours of trading.  The headline FTSE 100 bounced back in th.....

 Does NZ need to lower dependency on swiftly expanding Chinese economy?

Does NZ need to lower dependency on swiftly expanding Chinese economy?

April 21, 2021 04:01 PM AEST| By Team Kalkine Media

As per the latest statistics by the National Bureau of Statistics of China, China’s GDP grew 18.3% YOY in Q1, reaching 24.93 trillion yuan. This comes after a 6.5% expansion in Q4 of 2020. China's first-quarter record success would boost growth...

 NZ Inflation Moves Up, Will RBNZ Increase Interest Rates Now?

NZ Inflation Moves Up, Will RBNZ Increase Interest Rates Now?

April 21, 2021 02:14 PM AEST| By Manika

New Zealand’s Consumer Price Index (CPI) has moved up by 0.8% in Q1, much above the forecast of 0.7%. The annual inflation was also above expectations at 1.5% as compared to 1.4% the previous year.   While this is being seen as a g.....

 Why NZ House Buying Spree Refuses to Die Down

Why NZ House Buying Spree Refuses to Die Down

April 21, 2021 11:38 AM AEST| By Team Kalkine Media

Properties are being snapped up in New Zealand quickly. Several properties in various regions are experiencing a decline in the time a house is sold in the market as compared to 2020. As per the latest data from real-estate consultant Trade Me, an a...

 Exploring The ‘Non-Budgetary’ Part of Canada Budget 2021

Exploring The ‘Non-Budgetary’ Part of Canada Budget 2021

April 21, 2021 05:31 AM AEST| By Team Kalkine Media

Federal budgets are usually seen as a document outlining the ruling government’s revenue and spending plans, along with some commentary on the upcoming year’s economic conditions. Canadian Finance Minister Chrystia Freeland, however, inc...

 The Tax Element of Canada’s Federal Budget 2021

The Tax Element of Canada’s Federal Budget 2021

April 21, 2021 04:50 AM AEST| By Team Kalkine Media

Canada’s Federal Budget 2021, tabled by Finance Minister Chrystia Freeland on April 19, had two key aspects – spending and revenue. The former is a much-debated topic, owing to Canada’s high deficits and skyrocketing government debt...

 Canada Budget 2021 Analyzed: How Freeland Invoked Keynes?

Canada Budget 2021 Analyzed: How Freeland Invoked Keynes?

April 20, 2021 09:52 PM AEST| By Team Kalkine Media

Finance Minister Chrystia Freeland on Monday, April 19, unveiled plans for increased public investment at a time when it is direly needed. Many may be wondering how these investments would translate into a better tomorrow for Canada’s business...

 Federal Budget 2021 Paves Way For More Jobs In Canada

Federal Budget 2021 Paves Way For More Jobs In Canada

April 20, 2021 08:17 PM AEST| By Team Kalkine Media

Summary Finance Minister Chrystia Freeland’s much-awaited Federal Budget 2021 focused majorly on economic regrowth. It aims to bring in rapid economic recovery and increase employment, the finance minister said. The government revealed p.....

 New Home Sales on a rise in Australia, more jobs to come up in construction sector

New Home Sales on a rise in Australia, more jobs to come up in construction sector

April 20, 2021 06:44 PM AEST| By Team Kalkine Media

Summary As per HIA, the new home sales were a record 39.4% higher in the March 2021 quarter as compared to the previous corresponding time. HomeBuilder scheme coupled with lower interest rates, population shifting to regional spaces, and improv.....

 Will Trans-Tasman bubble give a respite to the NZ economy?

Will Trans-Tasman bubble give a respite to the NZ economy?

April 20, 2021 04:07 PM AEST| By Team Kalkine Media

Summary The AU-NZ travel bubble news came as a respite for many families and tourist operators. Jacinda Ardern had announced that trans-Tasman bubble would begin from 19 April. Travel bubble could give a boost to NZ economy by $1 billion. .....

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