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Economy
RBNZ reviews internal processes after an unplanned disclosure of FLP
November 19, 2020 03:40 PM AEDT| By Team Kalkine MediaThe Reserve bank of NZ has admitted it accidentally broke the news of Funding for Lending scheme implementation to some non-bank lenders about 45 minutes prior to the official announcement of its Monetary Policy Statement. The bank claimed that th.....
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How COVID-19 has Impacted Australian Labour & Property Markets?
November 19, 2020 02:57 PM AEDT| By Team Kalkine MediaThe pandemic has brought along many shocks to the Australian economy, all at once. Severe impacts have been felt in the labour market, property market as well as in the economic stability of the country. This was followed by stringent policy action.....
Beware: impostor scams are on the rise amid pandemic says FMA
November 19, 2020 02:33 PM AEDT| By Team Kalkine MediaThe Financial Market Authority New Zealand is concerned regarding a steep rise in impostor scams since COVID-19 pandemic has broken out. Impostor scams are the ones where legitimate business names are used by the scamsters, but the contact i.....
UK inflation rises to a 3-month high in October 2020
November 19, 2020 01:35 AM AEDT| By Kunal SawhneyUK inflation rose to a three-month high level in October, largely due to the hike in price rises of food, clothing and furniture. The inflation factor for all the three components have turned positive in October from a negative reading in September.....
Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC
November 18, 2020 11:00 PM AEDT| By Team Kalkine MediaThe coronavirus pandemic saw Canadians amass the largest excess cash ever in recorded history, reported a 2020 study by Canadian Imperial Bank of Commerce (CIBC). It estimated that households and businesses in the country are currently holding at l.....
Will the British pound fall even with a Brexit deal?
November 18, 2020 10:53 PM AEDT| By Team Kalkine MediaTill now, optimism and hopes about a favourable deal with the European Union have supported the pound. With the EU summit scheduled for tomorrow, all eyes are pinned on the Brexit trade talks. Experts predict that the pound’s value co.....
How Did Canada's Manufacturing Sector Do In September?
November 18, 2020 09:34 PM AEDT| By Hina ChowdharyFollowing a decline of 1.4 per cent in August this year, manufacturing sales climbed 1.5 per cent to a value of C$ 53.8 billion in September, reported Canadian data agency Statistic Canada. The increase in sales, the agency noted, was seen.....
Regional NSW Property Market Records a Price Surge
November 18, 2020 08:02 PM AEDT| By Hina ChowdharyThe New South Wales property market has experienced varying effects of the pandemic. The provision of working remotely, under the lockdown restrictions has enabled many to relocate to their hometowns away from the city. Consequently, the property p.....
COVID-19: Scotland to Move 11 Councils into Toughest Level of Restrictions
November 18, 2020 07:17 PM AEDT| By Hina ChowdharyIn a bid to curb the COVID-19 infections, more than 2 million people will be placed under Scotland’s hardest coronavirus lockdown restrictions from Friday. The measures will be implemented from 6pm on Friday and will run until 11 December. W.....
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Who are the winners and losers in NSW Budget 2020?
November 18, 2020 06:02 PM AEDT| By Edita IvancevicNSW Treasurer Dominic Perrottet has announced the state budget for 2020. As expected, the state has faced a large deficit of A$16 billion due to the COVID-19 pandemic. The vast debt is currently expected to stay until 2024, despite extreme measure.....
What does Big Housing Build mean for Victorians?
November 18, 2020 05:56 PM AEDT| By Edita IvancevicIt has been a tough year for Victorians. Having spent months within the confines of their homes in one of the world’s strictest lockdowns, people of Victoria can finally enjoy their much-coveted freedom. However, freedom was not the most imp.....
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New Zealand likely to face grocery shortage; Labour government investigates
November 18, 2020 01:57 PM AEDT| By Hina ChowdharyAs the country navigates through COVID-19 outbreak, New Zealand is now facing another big problem. This time it is about the shortage of food supply nationally. Food and Grocery Council chief executive Katherine Rich has warned the country that the.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
What has been the impact of the new restrictions on the UK economy?
November 17, 2020 04:34 PM AEDT| By Team Kalkine MediaAccording to media reports, the latest Covid-19 restrictions are impacting the British economy less severely than the first lockdown imposed in spring. The reason cited is that the second lockdown rules are not as restrictive as the earlier ones, a.....
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Has NZ housing market reached new heights?
November 17, 2020 04:20 PM AEDT| By Team Kalkine MediaLockdown is giving New Zealanders more time to think about their living situation and look for a potential property. As per the latest Trade Me Property data, Kiwis are climbing up the property ladder and are achieving new peaks. Property prices h.....
AGL Energy (ASX:AGL) Beefs up Battery Plan to Increase Grid Reliability Across NEM
November 17, 2020 02:50 PM AEDT| By Team Kalkine MediaAGL Energy Limited (ASX:AGL) has unveiled plans to develop a giant grid-scale battery in Adelaide, South Australia. The grid-scale battery would compete with fossil fuels to support renewable source generation from solar and wind. The announcement .....
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RBNZ plans to increase stimulus, but questions develop around negative rates
November 17, 2020 02:14 PM AEDT| By Team Kalkine MediaRBNZ retained the OCR at 0.25% and quantitative easing program unchanged, in the latest monetary policy meeting. The Monetary Policy Committee (MPC) agreed on offering additional monetary stimulus to the economy to meet its CPI and employment remit.....
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$25 per seat; Jetstar New Zealand offering a mega sale on select flights
November 17, 2020 02:07 PM AEDT| By Team Kalkine MediaAustralian low-cost airline Jetstar announced bumper sales on thousands of seats on its main domestic routes in New Zealand. The seats are priced as low as NZ$25 for one-way airfares on routes including Auckland to Christchurch. The carrier said th.....
How Brexit Can Help the UK’s Thriving Technology Sector Sail Further
November 17, 2020 02:07 PM AEDT| By Hina ChowdharyThe business won’t be as usual in the UK from January 2021. Brexit will bring various structural and operational changes to many industries and businesses in the wake of a no-deal Brexit scenario. Among other sectors, the UK’s tech sec.....
RBA says Low interest ‘gravitational pull’ forced it to embrace QE
November 17, 2020 12:57 PM AEDT| By Team Kalkine MediaEarlier this month, Pfizer gave hope to the world in terms of a medical breakthrough via a vaccine. Now Moderna has also said that its vaccine showed over 90% efficacy. Both vaccines are based on messenger RNA (mRNA) technology. Image Source: &c.....
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