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Economy
Stats NZ: Businesses to carry out R&D despite COVID-19
April 16, 2021 12:32 PM AEST| By Team Kalkine MediaSource: SmartPhotoLab, Shutterstock Summary Research and development activity is expected to stay steady in the future despite COVID-19. 41% businesses have planned to increase their R&D spend over the next financial year. COVID-19 caused...
Canada 2021 Budget: Will Freeland Go Big On COVID 3.0 Spending?
April 15, 2021 09:29 PM AEST| By Shreya BiswasSource: wutzkohphoto, Shutterstock With the number of COVID-19 infections rising, the Canadian government is likely to stand on its promise to go big on spending when it tables its first budget in two years on Monday, April 19. Another factor that...
Australia’s unemployment sinks further in March; what it means for economy
April 15, 2021 02:57 PM AEST| By AshishSource: Patrick Thomas, Shutterstock Summary Australia‘s unemployment rate continued its decline in the month of March, falling from 5.8% to 5.6%. The hours worked stood higher than that in March 2020, for the first time during the COVID...
Why RBNZ left OCR unchanged in its monitory policy meet
April 14, 2021 04:26 PM AEST| By Team Kalkine MediaSource: PIC SNIPE, Shutterstock Summary RBNZ left its OCR unchanged at 0.25% on Wednesday. The bank’s LSAP and FLP programmes will also continue to operate under existing conditions. It plans to keep monetary policy settings loose until...
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Exports of Goods to The EU Recover in February From Sharp Fall of Previous Month
April 13, 2021 10:35 PM AEST| By Suhita PoddarSource: MOLPIX, Shutterstock Summary UK’s exports of goods, other than non-monetary gold and other valuable metals, to the EU increased by 46.6 per cent Nation’s total exports of goods (other than non-monetary gold and other precio...
FTSE 100, GBP Struggle as Feb 21 GDP Stays Well Below Oct 20 Peak
April 13, 2021 10:25 PM AEST| By Abhijeetctober’s reading GBP slipped into negative territory against the US counterpart UK shares traded range bound, largely in the negative territory in the early afternoon deals on Tuesday, 13 April, after the February 2021 UK GDP read...
Canada Federal Budget 2021: Will The Trudeau Govt Impose These Taxes?
April 13, 2021 09:50 PM AEST| By Team Kalkine MediaSource: Natee Meepian, Shutterstock Summary Canada's Finance Minister Chrystia Freeland is all set to present the country's 2021 Federal Budget next Monday, April 19. Coming after a two-year gap since March 2019, the government is expected to...
UK Economy Expands By 0.4% In February 2021
April 13, 2021 07:54 PM AEST| By AbhijeetSource: deepadesigns, Shutterstock Summary UK GDP growth stood at 0.4 per cent in February 2021. February GDP is 3.1 per cent below October 2020 reading. ONS revised January’s 2.9 per cent contraction to 2.2 per cent. The UK econom...
Australian business confidence at record high; what does it mean for economy?
April 13, 2021 04:23 PM AEST| By Ashishas business confidence recovered sharply, measure of confidence slipped by 3 points. Amid the ongoing coronavirus pandemic, Australian business confidence hit its record high in March, indicating rapid economic recovery. The surge in business c....
Will NZ economic activity gather momentum in March quarter?
April 13, 2021 11:09 AM AEST| By Team Kalkine MediaSource:Freedomz, Shutterstock Summary NZ has performed strongly in the race to combat COVID-19. A think tank’s latest quarterly survey has revealed that there has been a small pick-up in business confidence. Survey results have been coh...
Are Kiwis inclining towards Australia amid soaring house prices?
April 12, 2021 05:05 PM AEST| By Team Kalkine MediaSource: Alexander Raths, Shutterstock The NZ government has taken several measures to curb the unsustainable rise in house prices. House prices in NZ have risen by over 20% and are about 25% in Auckland since the COVID-19 pandemic started. New...
Will Australian Property Market Bubble Pop Anytime Soon?
April 12, 2021 01:03 PM AEST| By DaminiSource: Andrey_Popov, Shutterstock Summary Australia has been experiencing a significant rise in property prices as the economy continues to recover from the pandemic. The recent spike in housing prices has sparked concerns of a further increa...
RBNZ’s Monetary Review: Will OCR Be Raised On Wednesday?
April 12, 2021 12:48 PM AEST| By ManikaSource: Freedomz, Shutterstock Summary Monetary Policy Review to be done on Wednesday. Will the Central Bank fiddle with the OCR is the question Economic uncertainty points to a no change in OCR. All eyes are on the Reserve Bank of New Z...
What’s in President Biden’s 2022 Budget Proposal
April 11, 2021 01:32 PM AEST| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
Are NZ’s new property investment curbs distasteful?
April 11, 2021 06:00 AM AEST| By Team Kalkine MediaSource: xiaoyuguai, Shutterstock Summary PM Jacinda Ardern announced many changes in housing policy of NZ in March. Property investors are not happy with the announced housing changes. Goldman Sachs stated that new restrictions on housing cou...
Canada’s March Unemployment Rate At Lowest Level Since Pre-COVID
April 10, 2021 01:55 AM AEST| By Shreya BiswasSource: BELL KA PANG, Shutterstock Summary As COVID-related precautionary restrictions eased across several regions in March 2021, Canada continued to notice a rise in employment on a monthly basis. On a national level, the country added 303,0...
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Average house price hits new record high in March: Survey
April 09, 2021 09:44 PM AEST| By AbhijeetSource: Nopparat Khokthong, Shutterstock Summary Average house price in the UK has clocked a fresh record high in March 2021. On a Y-o-Y basis, the average price of a property in the UK grew by 6.5 per cent. Home sales in February increased t...
Why Is NZ Business Confidence Moving Towards The Lower Side?
April 09, 2021 06:15 AM AEST| By Team Kalkine MediaSource: Panumas Yanuthai, Shutterstock Summary ANZ Business Outlook Survey outlines a fall of 4 points in Kiwi business confidence. Price expectations mark a record high, as cost expectations also surge. In spite of economic recovery signs in...
Savings, Govt. Spending To Fuel US Economic Boom In 2023: JP Morgan
April 09, 2021 03:16 AM AEST| By Team Kalkine MediaSource: Pixabay Summary JP Morgan CEO Jamie Dimon says stimulus savings, deficit spending will lead to an economic boom through 2023. Dimon also anticipates a significant reduction in the company’s real estate needs as it shifts towards...
British Firms Step Up Hiring in March, Says REC Survey
April 09, 2021 02:40 AM AEST| By Suhita PoddarSource:Things, Shutterstock Summary Sharpest rise was seen in permanent job vacancies in March after almost six years. Permanent vacancies rose at the sharpest pace for 32 months in the British private sector. Survey results highlight an impr...
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