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News
New Zealand dollar up after RBNZ signalled rate hikes next year
May 31, 2021 07:00 PM AEST| By SonalNZD/USD kept see-sawing around $0.7257 on Monday, putting it on the course for a monthly gain of over 1.3% after the RBNZ signalled rate hikes as early as the middle of 2022, making it one of just a few central banks to do so. RBNZ had left its OCR...
Australia’s richest person for the 2nd year in a row: The story of Gina Rinehart
May 31, 2021 06:33 PM AEST| By Tripti JoshiSummary Gina Rinehart has topped the AFR Rich List for the second year in a row, aided by surging iron ore price. In the last two years, Mrs Rinehart has more than doubled her net worth, which currently stands at a whopping AU$31.06 The mining.....
RBNZ Publishes Results of Data Breach Review
May 31, 2021 05:23 PM AEST| By Neha SimpyRBNZ was the target of the cyberattack on the third-party file sharing application it had utilised for the purpose of keeping and sharing data during Christmas last year. KPMG was roped in to autonomously evaluate and finalise RBNZ’s .....
Mixed open for APAC markets; China’s PMI data out
May 31, 2021 02:17 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Monday, as China reported less-than-expected growth in its manufacturing activity. Mainland Chinese stocks were in the red, with the Shanghai Composite down by 20 basis p.....
COVID-19: The Latest World Wrap-Up
May 31, 2021 01:09 PM AEST| By RomaSummary Asian countries still deep under the COVID-19 fire. The US hits an all-time low COVID-19 infection rate. Efforts being made by governments to help travel recovery. With over a year of the world struggling with the coronavirus pand.....
What are Rare Earth Elements and what’s their strategic significance?
May 31, 2021 01:03 PM AEST| By Team Kalkine MediaSummary Rare earth elements (REE) are a set of 17 metallic elements, which are not rare despite what the name suggests. REEs are widely used in the manufacturing of consumer electronics, medical equipment, electric vehicles, and defence and cle.....
Global Markets: Key events to watch out for this week
May 31, 2021 01:01 PM AEST| By Furquan MoharkanIt was a mixed bag for the global markets last week – with gains and corrections. However, with a barrage of macro numbers likely this week, markets would be reacting more frequently than ever. Here are four key events of the week: Australia...
Climate Change Commission delivers final report to New Zealand Government
May 31, 2021 12:27 PM AEST| By SonalSummary Climate Change Commission will give the final plan to cut carbon emissions to NZ government on Monday. Over 15k submissions have been made on the Commission’s draft advice given in January. Government would require adapting an el.....
Will China Take Centrestage in Talks Between Scott Morrison and Jacinda Ardern?
May 31, 2021 12:07 PM AEST| By ManikaAustralia's Prime Minister Scott Morrison is visiting New Zealand from Sunday for high-level talks with its neighbouring country after New Zealand signaled that it was backing Australia in its dispute with China on barley tariffs. &n.....
Bitcoin at $35K, Ethereum at $2300: Why prices of cryptocurrencies are falling
May 30, 2021 04:51 PM AEST| By Chitranjan KumarThe cryptocurrency market continued a bearish trend on Sunday following a roller-coaster week of trading, with major digital currencies such as Bitcoin and Ether witnessing a drop in their value, triggered by a growing crackdown in China and rising.....
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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...
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How Cryptocurrencies as Form of Payment can Potentially Benefit Consumers & Businesses
May 30, 2021 12:54 AM AEST| By DaminiSummary There is a growing debate around the implications of using cryptocurrencies as a form of payment over the coming years. While highly volatile in terms of trading, cryptocurrencies can offer several advantages to consumers and businesses.....
What has the COVID-19 pandemic taught us? A look at five key lessons
May 30, 2021 12:41 AM AEST| By Tripti JoshiSummary The ongoing global COVID-19 crisis has underlined the requirement of international collaboration to combat any global pandemic. Social distancing has become a buzzword worldwide, with the importance of practising hygiene highlighted mor.....
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.....
E-Mobility firm Tritium to list on Nasdaq: Here’s all you need to know
May 30, 2021 12:26 AM AEST| By Chitranjan KumarAustralian electric vehicle fast-charger Tritium has decided to go public in the United States through a special purpose acquisition company (SPAC) route, valuing the company at US$1.2 billion (AU$1.55 billion). .....
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...
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