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Economy
UK services sector records highest reading since 2013
May 06, 2021 11:49 PM AEST| By AbhijeetContinuing the growth trend in 2021, the UK services sector bounced back sharply in April, largely driven by a meaningful surge in the consumer, as well as business spending. According to the IHS Markit/CIPS, the UK Services PMI rose to 61 in April.....
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 06, 2021 03:30 PM AEST| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all .....
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 02:50 PM AEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 06, 2021 01:10 PM AEST| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R.....
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 06, 2021 12:54 PM AEST| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun.....
Why Australia’s building approvals rose to highest level since 2017
May 05, 2021 03:48 PM AEST| By AshishSummary The number of building approvals rose to the highest level in March, owing to significant rise in apartment commitments. In March, the number of dwellings surged to 17.4%, following a 20.1% increase in February, according to the Austral.....
New Zealand Remains Upbeat As Unemployment Rate Decreases
May 05, 2021 02:49 PM AEST| By Team Kalkine MediaSummary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unemployment rate declined from 4.9% (in December 2020 quarter) to 4.7% (in March 2021 quarter). More.....
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.....
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