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Economy
RBA holds fire on interest rate, flags low inflation
June 01, 2021 03:46 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) has kept its monetary policy unchanged with interest rate near zero at its June meeting. Strengthen your Portfolio with Kalkine LITE; Now Available at $19.99 Only As a result of the central bank’s decisio.....
ANZ Business Outlook for May indicates stressed New Zealand economy
June 01, 2021 02:29 PM AEST| By SonalANZ Business Outlook Survey analyses the course of the economy in the next year and shows how business confidence is stacking up, what export sales are up to, and how the labour market is doing, etc. The survey collects crucial economic data, which...
Economic Charter: Check out latest developments and further expectations
June 01, 2021 02:20 PM AEST| By AshishSummary Even as the RBA’s monetary policy decision is highly anticipated, a few other critical data releases are already out. The Australian Bureau of Statistics (ABS) released data on manufacturing PMI, building approvals, and consumer c.....
Australia house prices continue to heat up
June 01, 2021 02:16 PM AEST| By Furquan MoharkanSummary CoreLogic’s national Home Value Index is up 2.2%. The surge in prices was led by capital cities. Hobart index rose the fastest. The housing prices in Australia continue to rise after the pandemic as CoreLogic’s nationa.....
New Zealand’s new dwelling approvals stay strong in April
June 01, 2021 12:19 PM AEST| By SonalAs per the latest building consent data released by Stats NZ, the number of new homes consented monthly in April 2021 rose 84% as compared to April 2020 to 3,994. This number included 2,140 stand-alone houses, 1,076 townhouses, flats, and units, 47.....
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California’s Car Culture Shows The Way In Climate Fight
May 30, 2021 12:41 PM AEST| By Team Kalkine MediaCalifornians do not just love their cars, but they are also leading the way in reducing vehicular pollution in the fight against climate change. Vehicular pollution has been a major issue in the state, known for its cliff-lined sparkling sand...
COVID-19 effect: Healthcare takes over retail as biggest employer for Aussies
May 30, 2021 12:41 AM AEST| By Furquan MoharkanThe growing focus on healthcare amid the COVID-19 pandemic has had yet another effect in Australia – healthcare has pipped the retail sector as the biggest employer for Australians. As per the latest data released by Australian Bureau of Sta.....
Focus Remains on Cautious Resumption of Summer Holidays
May 30, 2021 12:41 AM AEST| By AbhijeetSummary There are a series of guidelines and regulations that have been instituted in order to have an added protection of the passengers and reduce the chances of virus transmission DfT has introduced a Covid-19 Charter that has been designed .....
Joblessness in Australia down to pre-pandemic levels
May 30, 2021 12:39 AM AEST| By Furquan MoharkanThe joblessness in Australia has come down to the pre-pandemic levels, as the country marked its biggest dip in unemployment in four years during the month of April 2021. At the end of April, 763,177 Australians were unemployed, 8.4% down from 832.....
Inlet of Fresh Air Crucial as Indoor Settings Reopen
May 30, 2021 12:17 AM AEST| By AbhijeetSummary Around 25 per cent of the people are either unaware of the benefits of fresh air, and proper ventilation in the households and in the indoor hospitality venues. In order to increase the awareness amidst the individuals with regard to th.....
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Key Takeaways From US Federal Budget For Fiscal 2022
May 29, 2021 01:29 PM AEST| By Kiran MuraliU.S. President Joe Biden on Friday presented the full budget for fiscal year 2022 that seeks to spend US$6.013 trillion, up from US$4.174 trillion in fiscal 2021. The budget includes Biden’s previously announced American Families Plan and Amer...
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US FY 2022 Budget: Key Sector Allocation
May 29, 2021 01:24 PM AEST| By Team Kalkine MediaPresident Joe Biden unveiled his US$6 trillion FY 2022 budget on Friday, May 28. It has been prepared in keeping in mind two broad areas of action: the American Job Plan and the American Families Plan. The plans detail the priority areas of activity...
US Budget FY2022: Infrastructure, Healthcare Get Top Priority
May 29, 2021 07:13 AM AEST| By Team Kalkine MediaPresident Joe Biden on Friday, May 28, unveiled his maiden budget for the fiscal year 2022, giving top priority to infrastructure, healthcare, and climate change, as he gets ready for a major overhaul of the US economy. The spending plan is focuse.....
President Biden’s FY22 Budget: What To Watch
May 29, 2021 03:19 AM AEST| By Team Kalkine MediaSummary President Joe Biden to push for a US$6 trillion Federal Budget for FY2022. Spending on social security, healthcare, and infrastructure to get priority. Higher taxes for wealthy Americans and corporate giants on the cards. Presiden.....
Will FCA’s New Measures Safeguard the Loyal Insurance Customers?
May 29, 2021 12:52 AM AEST| By AbhijeetThe Financial Conduct Authority (FCA) has come up with new rules, after years of complaints, wherein customers renewing motor and home insurances would not be paying any more than what they would have as a new payee from January next year. The FCA.....
UK Government’s £166.5 Million Cash Boost to Green Technology
May 29, 2021 12:41 AM AEST| By Team Kalkine MediaSummary The UK Government has come up with a 10-point plan for a green industrial revolution In 2018, the UK government had launched a clean growth fund to increase direct investments in clean technology and reduce GHG emissions. One of th.....
Joe Biden To Present His First Full Budget
May 29, 2021 12:34 AM AEST| By Team Kalkine MediaPresident Joe Biden is set to present his first full budget for the fiscal year 2022 today, which would give more insights into his proposed spending in major areas including education, healthcare, foreign aid and immigration policy as well as other...
Interest Rates Could Rise Next Year, Says Bank of England’s Vlieghe
May 28, 2021 07:56 PM AEST| By AbhijeetSummary If the economy continues to recover at a rapid speed, BoE might raise interest rate next year, said Gertjan Vlieghe. However, if the new coronavirus variants continue to spread the disease, unemployment could rise as the furlough scheme.....
Banks Want Government to Overhaul Mortgage Support Scheme
May 28, 2021 04:17 PM AEST| By AbhijeetSummary Building societies and banks urged the government to rethink mortgage support to help the homeowners struggling to pay mortgages. Support for Mortgage Interest, it is a loan that certain people in the UK can avail benefits that get repa.....
New Zealand’s Filled Job Numbers Hit a New High in April 2021
May 28, 2021 12:21 PM AEST| By SonalSummary Stats NZ revealed that filled jobs rose and hit a new high in April 2021. Construction, healthcare and construction were amongst the biggest drivers of the increase in filled job numbers. Filled jobs have resumed to a more upward trend.....
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