Economy

How US industrial pollutions affecting health, environment

Summary A study conducted by CDC found that PFAS compounds were present in varying degrees in almost every individual who participated in the surve...

US banks to close early on Friday for Juneteenth Holiday

Summary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branc...

Is New Zealand economy at pre-covid levels?

Summary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough t...

US jobless claims climb to 412,000 last week after a pause

Summary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of...

US Supreme Court dismisses Trump-backed challenge to Obamacare

Summary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the...

ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP...

Summary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned a...

Fed signals rate hike by 2023, expects 7% GDP growth this year

Summary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates...

New Zealand just escaped recession, GDP grows by 1.6% in March quart...

Smmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy ha...

What is Superannuation Fund and how it is different from KiwiSaver?

Summary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It pr...

Have these 5 stocks been most active on NZX today?

Summary Canterbury floods to have caused multitude of claims from Tower Limited. Investor day to be held virtually by Sky Network Television limit...

New Zealand’s current account deficit in all-time poorest shape

Summary Current account deficit (CAD) reached $5 billion for New Zealand in the March quarter of 2021. Rise in imported goods and services deficit...

Reserve Bank of New Zealand adds a new tool to control house prices

Summary The RBNZ initiates new tools to keep house prices in control. Government says these should not impact first-time home buyers. The RBNZ sa...

US retail sales drop 1.3% in May as spending shifts back to services

Summary Expenditure on big items like auto, furniture, building material has dropped due to high prices and supply chain disruption. Spending on f...

Are retail sales increasing in the US?

Retail sales represent the purchase of goods and service through different channels by consumers and businesses. It indicates consumer demand for fini...

Annual food prices in New Zealand rise 1.8% in May

Summary Increased vegetable prices were the biggest contributor to the rise in food prices in May. Tomato and capsicum prices increased while kiwi...

Will New Zealand’s Q1 GDP numbers have an impact on the monetary pol...

Summary March quarter GDP numbers to be revealed on 17 June. Whether GDP numbers will increase or dip, is the question? Most say, GDP will show a...

US oil prices hit 2-year high as demand soars

Crude oil prices in the US hit US$71.48 a barrel on Monday, June 14, the highest in the last two-and-half-years.  Oil prices have doubled since...

Deep dive into New Zealand Property Market

Given the country's tiny population and enormous geographic mass, real estate in New Zealand is relatively costly. This has been the case due to ...

How US Firms Helping To Remove Polluting Landfill Trash

Summary US companies are adopting new technologies to curb greenhouse gas emissions, ensuring industrial safety, safeguarding public health and the...

Average asking prices for New Zealand houses soar 17% in May, price...

House prices in New Zealand are on a relentless rise in May as well, hitting a high for the 9th consecutive month. New property statistics released b...