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Economy
Here’s why RBA hasn’t changed the interest rates
April 06, 2021 03:38 PM AEST| By Team Kalkine Mediato a record low in November to boost the economy during the COVID-19 pandemic. The Reserve Bank of Australia (RBA) on Tuesday maintained the cash rate and 3-year bond yield target at 0.10 per cent. The Australian central bank had cut down the of...
Kiwi renters are struggling despite government’s housing market changes
April 06, 2021 03:06 PM AEST| By Team Kalkine MediaSource: godshutter, Shutterstock Last week, Ardern had announced many changes to the housing market, which included removal of interest as a taxable expense for landlords, increased income caps for first home buyers and extension of bright line test...
NZ Productivity Still Low, says Productivity Commission Chief
April 06, 2021 10:53 AM AEST| By RomaSource: Jojje, Shutterstock Summary New Zealand’s productivity recorded low as compared to its GDP. Economist reveals what the country’s economy really needs right now. Housing sector hacks that can get the desired productivi...
Is Australia’s property market on the cusp of a boom?
April 04, 2021 12:32 AM AEDT| By SukritiSource: George Rudy, Shutterstock Summary In the December quarter, the Australian residential property market rose by 3%, a higher quarterly growth since December 2019. Improvement in the economic scenario, Government's stimulus aid, and...
Card spending at 78% of the pre-Covid levels, new ONS data reveals
April 03, 2021 12:10 PM AEDT| By Suhita PoddarSource: feeling lucky, Shutterstock Summary Latest ONS data shows that last week’s spending through payment cards was at 78 per cent of pre-Covid levels. Spending on staples through cards in the latest week was at 111 per cent of Februar...
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Hope At Last: Canadian GDP May Expand By 5.8% in 2021
April 03, 2021 12:37 AM AEDT| By AnujSource: patpitchaya, Shutterstock The Canadian economy is on recovery path and finally staring at sustainable and inclusive growth. However, the growth rate is nowhere near the pre-pandemic levels due to rising debt and mounting fiscal deficit. The...
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Worrying about rising bond yields? Here’s how to protect your portfolio
April 02, 2021 04:43 AM AEDT| By AayushSource: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...
WTO Projects Growth In Global Trade But Vaccination Lag May Pose A Threat
April 01, 2021 11:26 PM AEDT| By Team Kalkine MediaSource: F8 studio, Shutterstock Summary World Trade Organization (WTO) has revised its growth forecast for global trade in 2021. The rollout of vaccines worldwide has infused optimism in the markets for economic revival. Last year when the pa...
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Why the FCA Is Trying to Lure SPACs To the UK Markets
April 01, 2021 10:47 PM AEDT| By Suhita PoddarSource: Worawee Meepian, Shutterstock Summary The Financial Conduct Authority (FCA) would be overhauling its rules to lure special purpose acquisition companies (SPACs) to the UK. SPACs do not have any business operations but raise money throu...
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Price Rise: NZ Housing Crisis Continues To Bite Kiwis
April 01, 2021 08:08 PM AEDT| By Team Kalkine MediaSource: Artazum Shutterstock Summary NZ middle-class and first-time home buyers sweat it out, as affordable accommodation appears to be distant dream. Housing issue continues as their prices escalate to a record high of 16.1% since 2006. Gove...
Is There Any Steam Left In The Retail Sector Amid Upcoming Easter Weekend?
April 01, 2021 05:35 PM AEDT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary Retail sales dwindled 0.8 per cent in February 2021, typically impacted by lockdown in Victoria and Western Australia. Food retailing saw the highest decline while sales of electronics, cafes...
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BCC Survey: UK’s Business Conditions Poor in Q1 2021
April 01, 2021 03:45 PM AEDT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A survey by BCC has found that UK’s business conditions were historically poor in Q1 2021. But business sentiments in the same quarter were also boosted by government’s lockdown easing r.....
Canada GDP Up For Ninth Consecutive Month, Rises 0.7% In Jan
April 01, 2021 02:11 AM AEDT| By AnujSource: patpitchaya, Shutterstock Canada’s gross domestic product (GDP) grew 0.7 per cent on a month-over-month (MoM) basis in January 2021, compared with a 0.1 per cent increase in December 2020, as the Statistics Canada report released on We...
UK Economy Rebounds More Than Expected, Lens on Top 5 FTSE 100 Gainers
April 01, 2021 01:48 AM AEDT| By Suhita PoddarSource: patpitchaya, Shutterstock Summary The UK economy grew by 1.3 per cent for period October to December last year, according to official data. The production output dropped by 8.6 per cent for 2020, while services output declined by 8.9 p...
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Is NZ Business Confidence Moving Down?
March 31, 2021 07:09 PM AEDT| By RomaSource: Panumas Yanuthai, Shutterstock Summary ANZ releases Business Outlook report, which shows falling confidence. Housing weaker than before, but still strongest on the list. Second half of the month captured the falling indicators, whose...
Is NZ Moving In The Right Direction To Resolve Its Housing Market Dilemma?
March 31, 2021 06:06 PM AEDT| By Team Kalkine MediaSource: godshutter, Shutterstock Summary New Zealand is witnessing a surge in its housing prices almost for a year now. The Government has introduced a series of policies and plans, including NZ$3.8 billion to accelerate the construction of af...
RBNZ Eases Dividend Restrictions on Banks Due to Signs of Economic Recovery
March 31, 2021 12:57 PM AEDT| By ManikaSource:Peshkova, Shutterstock Summary The RBNZ partially removes restrictions on dividend payouts by banks. Allows banks to pay up to 50% as dividends, full easing after July 1, 2022. This is due to the fact that the economy is in a recovery...
How is the travel sector coping with Brisbane lockdown wave?
March 31, 2021 12:13 PM AEDT| By Team Kalkine Mediaooking policies in the form of refunds, refund credits or alternate bookings. The sense of deja-vu among travel providers is again on the rise as Brisbane entered three days lockdown on 29 March 2021. The cases associated with the Brisbane...
Canada's Average Weekly Pay Rose 1.8% In Jan, Payroll Jobs Down 0.8%
March 31, 2021 02:52 AM AEDT| By Shreya Biswasted in late December 2020 and January 2021 that impacted businesses and jobs. Canada’s latest payroll employment figures, which represent the number of workers who received wages or benefits from their employers, reflected a decline of abo...
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Canada’s Budget Deficit Touched C$268Bn Between April 2020 & Jan 2021
March 30, 2021 10:47 PM AEDT| By Shreya BiswasSource: Indypendenz, Shutterstock Summary Canada's finance ministry said on Friday, March 26, that the country’s budget deficit expanded to C$ 268.18 billion in the 10 months of its fiscal year between April 2020 and January 2021. In Jan...
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