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Is Cash rate to fall further in November? A pain point for retirees
October 31, 2020 01:50 AM AEDT| By Kunal SawhneySpeculations are rife about further cash rate cuts by the RBA. The anticipation is a sigh of relief for mortgage loan borrowers and consumers, while troublesome for financial system and retirees. People with investments and deposits are struggling .....
UK could enter a double dip recession as IMF lowers growth forecast
October 30, 2020 10:45 PM AEDT| By Hina ChowdharyThe International Monetary Fund (IMF) has downgraded its forecast for the UK economy to a contraction of more than 10 per cent for the year 2020, as the nation continues to struggle with the second wave of the coronavirus pandemic. It also projecte.....
Leaked Report says UK Could See More 85,000 COVID-19 Deaths in Next Few Months
October 30, 2020 10:42 PM AEDT| By Kunal SawhneyThe UK could see more than 85,000 deaths during the second wave of coronavirus, a leaked government advice shows. Government data shows that there were 23,065 new cases of COVID-19 on Thursday, and in the last one week there were 154,873 cases, whi.....
Resurge In Covid-19 Cases Dents Confidence Of Small Businesses In Canada
October 30, 2020 08:26 PM AEDT| By Team Kalkine MediaWith a rapid resurgence in Covid-19 cases, business confidence of small business entrepreneurs in Canada fell by nearly 6 index points, to land at a five-month low of 53.3 on the Canadian Federation of Independent Business (CFIB)’s Business B.....
Negative official rates and FLP a downer for bank profits
October 30, 2020 07:24 PM AEDT| By Team Kalkine MediaLast month, in September, RBNZ (Reserve Bank of New Zealand) announced that the term funding for the FLP (Funding for Lending Programme) would be ready by the end of 2020 before it cuts OCR (Official Rate Cut) prior to March 2021, as there was a ne.....
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CEO Peter King’s tenure at Westpac extended
October 30, 2020 05:54 PM AEDT| By Team Kalkine MediaOn 30 October 2020, Westpac Banking Corporation (ASX/NZX:WBC) released a statement, extending the employment contract of CEO Peter King by termination the existing tenure of two years. Peter King, in a recent discussion with Westpac board includin.....
Walmart removes guns and ammo from its stores as the country faces civil unrest
October 30, 2020 05:44 PM AEDT| By Team Kalkine MediaWalmart Inc. has removed all guns and ammunition from its stores in the US this week. The retail giant stated that the decision was taken as a precaution in response to recent civil unrest in the country. Walmart issued letters to the store manager.....
Australian Aviation industry news: Qantas gets creative with Airbus A321
October 30, 2020 04:09 PM AEDT| By Team Kalkine MediaAustralia’s Qantas Airways Limited (ASX:QAN) has started the world’s first A321 cargo flight, initially utilised as a passenger flight. The airline has been a part of the industry for more than a century, continuously .....
ANZ's new emissions policy welcomed by conservationists but irks senior Nationals MPs
October 30, 2020 04:00 PM AEDT| By Team Kalkine MediaAustralia and New Zealand Banking Group (ASX:ANZ) and (NZX:ANZ) is a dual listed stock that unveiled its latest climate change policy, which will see the Bank moving away from funding thermal coal and switching to a zero-emissions economy by 2.....
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New Zealand votes for Euthanasia, Cannabis legalisation gets a thumbs down
October 30, 2020 03:41 PM AEDT| By Team Kalkine MediaIn a significant development, majority of the New Zealanders have voted yes to legalise Euthanasia. Preliminary results are out after the New Zealander cast their votes in two referendums – one for the End of Life Choice Act and second for th.....
RBA releases brand new 100 dollar note into circulation
October 30, 2020 03:13 PM AEDT| By Team Kalkine MediaAs part of the Next Generation Banknote program, the Reserve Bank of Australia released the new $100 banknote into general circulation on 29 October 2020. To protect the new note from counterfeiting, the central bank has loaded it with innovative s.....
Australia Rich List 2020: Gina Rinehart at $29b wears the ‘Aussie’s Richest’ Crown
October 30, 2020 03:05 PM AEDT| By Team Kalkine MediaDuring the COVID-19 pandemic, Australia’s rich have become more affluent. Australian mining magnate Gina Rinehart has once again topped the AFR rich list 2020, having seen her wealth double in just one year. Ms Rinehart’s personal wealt.....
ATO Warns Companies Denting Stimulus Spirit to Pay High Dividends & Executive Bonuses
October 30, 2020 02:59 PM AEDT| By Team Kalkine MediaThe Australian Taxation Office (ATO) has warned companies against using loopholes to exploit tax concessions. While delivering a speech on Thursday, the second commissioner for client engagement, Jeremy Hirschhorn warned the companies against using.....
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Is Tesla (NASDAQ:TSLA) maintaining its lead in the Battery Electric Vehicle race in Europe?
October 30, 2020 02:55 PM AEDT| By Team Kalkine MediaAutomotive industry giant Tesla Inc (NASDAQ:TSLA) grabbed world attention after it recently stated that it would export electric vehicles to Europe. Leading electric vehicle company reportedly announced that it has started to export Made-in-China M.....
UK’s Car Production for September 2020 Records Lowest In 25 Years
October 30, 2020 02:52 AM AEDT| By Kunal SawhneyThe car production in the UK has fallen by 5% in September as compared with the same month in 2019. This is the worst production number since 1995, according to the Society of Motor Manufacturers and Traders (SMMT). So, breaking it up, car plants p.....
Bank of Canada Maintains Policy Rate to Achieve 2% Inflation Target
October 30, 2020 02:16 AM AEDT| By Team Kalkine MediaThe Bank of Canada announced that it will keep its overnight rate steady at 0.25 per cent until the inflation target of 2 per cent is achieved, which is unlikely before 2023, it added. The bank rate will be 0.5 per cent and the deposit rate.....
British retail sales drop at the sharpest pace since June
October 29, 2020 10:23 PM AEDT| By Team Kalkine MediaThe business environment is going through a rough phase with October witnessing a mixed bag of commerce activities. Prices in British shops continued to slide this month due to fierce competition among retailers than in September, which means that .....
Six NZ banks to start trial of regional banking hub in November
October 29, 2020 07:29 PM AEDT| By Team Kalkine MediaAs more and more customers shift to online banking, banks have been shutting their branches in small regional cities, adding to concerns that getting cash could become difficult in certain regions. But a consortium of banks has come up with a prop.....
Stargaze this weekend, The Mount John Summit reopens
October 29, 2020 03:15 PM AEDT| By Team Kalkine MediaTekapo tourist attraction the Mount John Summit Experience has reopened from Thursday, October 29. Mount John Observatory tours are famous for stargazing and are finally welcoming astronomy enthusiasts seven months after it was closed due to the CO.....
Microsoft & Netflix trading flat despite robust results, Here’s Why
October 28, 2020 06:18 PM AEDT| By Team Kalkine Mediaul> NASDAQ-listed Microsoft Corporation slipped lower on Tuesday post releasing its FY2021 Q1 earnings results as the tech giant fell short of analysts’ consensus over future earnings guidance. The stock settled ~ 2.84 per cent lower on 27...
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