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Economy
RBNZ to announce OCR rates on Wednesday, what to expect?
May 24, 2022 04:14 PM AEST| By ManikaHighlights The Central Bank of NZ to announce the official cash rates (OCR) Wednesday It is almost certain that it will raise the OCR According to most of the economists, it will raise the OCR by 50 bps It is almost certain that the Reser.....
Can Australia’s new Labor govt heal the cracks within healthcare system?
May 24, 2022 02:23 PM AEST| By Aditi SarkarHighlights Following the victory of the Labor Party, Mark Butler is expected to be the new health minister of Australia The Albanese government is expected to implement practical measures to ensure proper care for older Australians To alleviat.....
What to expect from Australian economy as new government takes charge?
May 24, 2022 11:15 AM AEST| By Akanksha VashishtThe newly elected Labor government is expected to traverse through a series of pressing challenges left untreated by the previous ruling party. Though the Coalition cannot be solely blamed for the current economic scenario, many economic adversitie.....
How will a new government impact Australia-China relations?
May 24, 2022 10:46 AM AEST| By Akanksha VashishtHighlights Australia’s hostility toward China has grown following a set of undesirable moves by China. Labor plans to devise a new path for Australia and China’s trade and political relations. As China is a crucial market for Austr.....
Labor Party win in Australia: How will the result affect New Zealand?
May 23, 2022 06:09 PM AEST| By ManikaAnthony Albanese, belonging to the Labor Party, was sworn in as Australia's 31st Prime Minister on Monday. Albanese defeated Conservative Party's Scott Morrison on Saturday night after a six-week campaign. This ended the Conservative Party ru.....
Labor leader Anthony Albanese takes oath as Australia’s 31st PM
May 23, 2022 03:05 PM AEST| By Bhawna GuptaHighlights Anthony Albanese, the leader of Australia's Labor Party, was sworn in as the country's 31st Prime Minister. Penny Wong, a South Australian senator, was appointed as Australia's foreign minister. Jim Chalmers of Queensland was sworn...
Labor win: Here’s what Australian investors can expect?
May 22, 2022 04:44 AM AEST| By Khushboo JoshiFor the first time since 2013, Labor Party is all set to take the centerstage after Aussie voters ousted Prime Minister Scott Morrison’s conservative coalition government. Labor party leader Anthony Albanese will become the next pr...
Federal elections: Scott Morrison concedes defeat, to stand down as Liberal party leader
May 22, 2022 01:29 AM AEST| By Khushboo JoshiHighlights Morrison has stated on Saturday evening that he has ‘accepted’ defeat in the federal elections. Morrison was fighting the elections against Labor party leader Anthony Albanese. Headed by Scott Morrsion, the Liberal-natio...
Why is China moving against the tide in terms of interest rate changes?
May 22, 2022 12:15 AM AEST| By Akanksha VashishtHighlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have landed major businesses in losses, resulting in shipment delays. The Chinese central bank has rece...
Interest rate hikes and recession: How are they related?
May 22, 2022 12:10 AM AEST| By Akanksha VashishtHighlights Central bankers use interest rates as a tool to boost or control inflation through monetary policy. Higher interest rates discourage borrowing and spending among consumers while removing extra stimulus from the economy. Rapid intere...
Will the RBA go for 40bps cash rate hike as wages growth lags?
May 22, 2022 12:05 AM AEST| By Akanksha VashishtHighlights Tighter labour market conditions helped Australia achieve a wage growth rate of 0.7% in the March 2022 quarter. The latest wage growth data is central to understanding the pace of the Reserve Bank’s interest rate hikes. Expert...
Federal election 2022: Key differences between policies of Liberal & Labor
May 21, 2022 11:04 PM AEST| By Bhawna GuptaHighlights The Federal Election 2022 begins with Australians flocking to polling stations across the country. Scott Morrison and Anthony Albanese are vying to be Australia's next prime minister in the election. In various electoral policies, r.....
Australia Federal Election 2022 begins- close contest between Labor and Coalition?
May 21, 2022 11:47 AM AEST| By SukritiHighlights Australia Federal Election 2022 begins as citizens head to polling centers in their state/ territory. The election gets Scott Morrison and Anthony Albanese fight the battle to be Australia’s next prime minister. The charmed nu.....
Discussing five key issues in 2022 Australian federal election
May 20, 2022 02:35 PM AEST| By Akanksha VashishtHighlights Campaigning leaders have made sure they leave no stone unturned in addressing key socioeconomic issues. Some of the key areas being addressed by parties are climate change, housing prices, and corruption. Australians are affected by.....
Budget 2022: What would be the top 3 focus areas in Thursday’s announcement?
May 19, 2022 10:35 PM AEST| By SonalHighlights Grant Robertson will unveil his fifth budget on 19 May. Health and climate change are to be the top priority areas of the budget. Kiwis are expecting some steps to be announced regarding the cost of living. Grant Robertson will.....
Does Budget 2022 addresses cost-of-living crisis in NZ?
May 19, 2022 05:13 PM AEST| By ManikaHighlights FM Grant Robertson in his Budget speech expressed concern over the high cost of living Announced several measures to support low-income groups The Cost of Living allowance of NZ$27 per week for low-income earners Budget 2022 ha.....
NZ Budget 2022: Key spending areas in a nutshell
May 19, 2022 03:13 PM AEST| By ManikaHighlights Healthcare takes centerstage in Budget 2022 FM Robertson is of the view that the healthcare is fragmented and unequal in NZ The largest-ever investment of NZ$11 billion has been planned for this sector Finance Minister Grant Ro.....
Australia's unemployment rate at 50-year low, dips below 4%
May 19, 2022 02:42 PM AEST| By Akanksha Vashishttightening. The tightening Australian labour market has found one more reason to rejoice. The latest labour force data by the Australian Bureau of Statistics (ABS) reveals that the unemployment rate has dipped further in April 2022. The unemploy...
Will Morrison's home buying scheme send house prices soaring?
May 19, 2022 11:23 AM AEST| By Akanksha VashishtHighlights PM Morrison’s proposed Super Home Buyer Scheme will allow Australians to utilise their super funds to pay for a house. Experts claim that the scheme would further push up property prices by fuelling the housing market with supe.....
AIA, AIR, SKO: 3 NZX stocks to eye as travel starts to recover
May 18, 2022 03:36 PM AEST| By Manika9 pandemic. Serko Limited (NZX:SKO) SKO is a corporate travel technology company that announced its full-year results today. It said that it was stepping up its investment as it was expecting a big travel recovery after three years of losses....
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