Economy


 Labor win: Here’s what Australian investors can expect?

Labor win: Here’s what Australian investors can expect?

May 22, 2022 04:44 AM AEST| By Khushboo Joshi

  For 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

Federal elections: Scott Morrison concedes defeat, to stand down as Liberal party leader

May 22, 2022 01:29 AM AEST| By Khushboo Joshi

Highlights 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?

Why is China moving against the tide in terms of interest rate changes?

May 22, 2022 12:15 AM AEST| By Akanksha Vashisht

Highlights 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?

Interest rate hikes and recession: How are they related?

May 22, 2022 12:10 AM AEST| By Akanksha Vashisht

Highlights 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?

Will the RBA go for 40bps cash rate hike as wages growth lags?

May 22, 2022 12:05 AM AEST| By Akanksha Vashisht

Highlights 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

Federal election 2022: Key differences between policies of Liberal & Labor

May 21, 2022 11:04 PM AEST| By Bhawna Gupta

Highlights 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?

Australia Federal Election 2022 begins- close contest between Labor and Coalition?

May 21, 2022 11:47 AM AEST| By Sukriti

Highlights 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

Discussing five key issues in 2022 Australian federal election

May 20, 2022 02:35 PM AEST| By Akanksha Vashisht

Highlights 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?

Budget 2022: What would be the top 3 focus areas in Thursday’s announcement?

May 19, 2022 10:35 PM AEST| By Sonal

Highlights 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?

Does Budget 2022 addresses cost-of-living crisis in NZ?

May 19, 2022 05:13 PM AEST| By Manika

Highlights 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

NZ Budget 2022: Key spending areas in a nutshell

May 19, 2022 03:13 PM AEST| By Manika

Highlights 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%

Australia's unemployment rate at 50-year low, dips below 4%

May 19, 2022 02:42 PM AEST| By Akanksha Vashisht

tightening. 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?

Will Morrison's home buying scheme send house prices soaring?

May 19, 2022 11:23 AM AEST| By Akanksha Vashisht

Highlights 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

AIA, AIR, SKO: 3 NZX stocks to eye as travel starts to recover

May 18, 2022 03:36 PM AEST| By Manika

9 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....

 Much-awaited wages data out: What to expect from RBA next month?

Much-awaited wages data out: What to expect from RBA next month?

May 18, 2022 02:09 PM AEST| By Akanksha Vashisht

Highlights The latest data from the Australian Bureau of Statistics (ABS) reveals that wages have risen 0.7% in the March 2022 quarter. PM Morrison claims that a decent rise in wages could be harmful to the economy, fuelling speculations of hig.....

 How do high interest rates bring down inflation? 

How do high interest rates bring down inflation? 

May 18, 2022 01:59 PM AEST| By Akanksha Vashisht

Highlights Inflation eats away at the value of money and reduces the overall economic progress made over time. Interest rates are key economic tools used by central bankers to weaken or, in some cases, accelerate inflation. Central banks aim f.....

 Is NZ’s Budget 2022 going to be a `Well-Being’ one?

Is NZ’s Budget 2022 going to be a `Well-Being’ one?

May 18, 2022 12:50 PM AEST| By Manika

Highlights The NZ Federal Budget for 2022 has been positioned as a `Well-Being’ Budget The Finance Minister faces a tough challenge to bring together a Budget when inflation is at a new high Due to many challenges, the FM will have to do.....

 RBA minutes: What is central bank’s stance on future interest rate hikes?

RBA minutes: What is central bank’s stance on future interest rate hikes?

May 17, 2022 03:08 PM AEST| By Akanksha Vashisht

Highlights The RBA has recently released the monetary policy minutes for its May meeting. The central bank raised the cash rate by 25 basis points to 0.35% in the monetary policy meeting. The labour market provides much-required strength to th.....

 Why has wage hike become a hot topic ahead of Australian election?

Why has wage hike become a hot topic ahead of Australian election?

May 17, 2022 01:46 PM AEST| By Akanksha Vashisht

Highlights Wages are a highly influential aspect during elections, prompting most leaders to advocate for a hike in wages. PM Scott Morrison’s latest statement that a decent wage hike could be harmful to the domestic economy has sparked v.....

 How do US inflation figures impact Australians?

How do US inflation figures impact Australians?

May 17, 2022 01:42 PM AEST| By Akanksha Vashisht

Highlights Australians face threat of rising inflation in the US, much like many economies. US dollar is a threshold currency for many countries, which cements its power in the global economy. Imports from the US would get more expensive, and .....

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