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Economy
Microsoft roped in as Principal Partner for COP26 Glasgow Summit
June 26, 2021 01:29 AM AEST| By AbhijeetSummary Microsoft has been roped in as a Principal Partner for the COP26 The summit has eight other domestic corporations and one Japanese MNC All these businesses are playing a vital role in climate change action Microsoft Corporation (N.....
Did you miss UK’s first post-Brexit trade deal with Australia?
June 23, 2021 06:54 PM AEST| By Team Kalkine MediaSummary Britain and Australia announced a free trade deal which seems to be an important step in building new trade relationships. The deal is the first bilateral trade accord Britain has negotiated since leaving the EU in 2020. For Australia,.....
When would international flights resume in Australia?
June 23, 2021 06:03 PM AEST| By Tripti JoshiSummary The Australian government has highlighted that it is unlikely to ease international travel restrictions until at least mid-2022. Australian Deputy Prime Minister stated that while tourism is bouncing back, the country would focus on dom.....
Will RBA raise interest rates in 2022? Here’s what experts are saying
June 23, 2021 04:36 PM AEST| By Chitranjan KumarSummary Commonwealth Bank of Australia expects interest rate hike by end of 2022. The bank estimates the cash rate target at 0.5% at end of 2022 and 1.25% by 2023. The RBA has reaffirmed it does not expect rate hike until "at least" 2024. .....
Good News! Here is how to get $1080 in your bank account
June 22, 2021 04:05 PM AEST| By Kiara KhannaSummary About ten million Australians to get $1080 on filing tax returns after June 30. All Australian residents earning under $126,000 are eligible. Australian Couples to get $2160 as a handout. Individuals to get $1080 as a handout. Th.....
Tailwinds for the Australian Economy
June 20, 2021 12:35 AM AEST| By Team Kalkine MediaAcross the globe, the Covid 19 pandemic was the headwind no economy could escape. However, with vaccinations in place, situations are improving, and there is reason for a positive outlook. As per the monetary policy decision on 1st June, economic re...
COVID-19 leaves tourism workers in dire straits
June 19, 2021 12:59 AM AEST| By Furquan MoharkanThe workers in the tourism sector have been left in the lurch as COVID-19 meted out a sucker punch to the sector, wiping off most of the tourism in the world. Even as the jobs in the sector have been recuperating in the last three quarters, unemploy...
COVID-19 loosens grip on India, shifts wrath towards other nations
June 14, 2021 12:27 AM AEST| By Furquan MoharkanAs the second wave of the COVID-19 pandemic in India seems to be tapering off, many middle-income nations across the world have started seeing a massive spike in the number of cases. India, for the past four consecutive days, has reported less than...
Why Inflation right now could add fuel to income inequality
June 14, 2021 12:23 AM AEST| By Furquan MoharkanAs countries across the globe – from China to the US – have been reporting record inflation numbers, it could be having greater consequences than we can think about. There are four types of inflation that exist: creeping inflation (when...
What is PMI and why is it important?
June 07, 2021 11:03 AM AEST| By Furquan MoharkanThe Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI?...
Is e-commerce spelling doom for Australia’s brick-and-mortar stores?
June 06, 2021 12:33 AM AEST| By Furquan MoharkanWhen e-commerce started picking up, many took it as a complimentary add-on to enhance customer service to existing physical retail stores. Gradually the e-commerce giants mushroomed in number, increasing their market share. But they were never a thre...
Has the Australian economy turned the corner on COVID-19?
June 06, 2021 12:13 AM AEST| By DaminiSummary The Australian economy is now officially above its pre-pandemic state. The slow vaccination rollout can put Australia’s post-COVID-19 economic revival at risk. The central bank expects strong economic growth in Australia for the .....
A peek at Australia’s housing market
June 05, 2021 12:52 AM AEST| By Team Kalkine MediaSummary The national housing value climbed 2.2 percent in May. The total housing loans increased by a 0.5 per cent in April for an annual pace of 4.4 per cent In the last quarter, this is for the second time that growth conditions in capital c.....
April retail sales rise as shoppers brush aside pandemic woes; consumer stocks up
June 03, 2021 01:14 PM AEST| By AshishSummary Australia’s retail sales rose in April on expected lines as cafés, restaurants and takeaway food services reported encouraging data. While the retail trade rose1% month-on-month, the sales surged 25% compared with the corre.....
Australia’s March quarter GDP rises 1.8%, beats estimates
June 02, 2021 12:32 PM AEST| By AshishThe Australian economic activity recovered to be above pre-coronavirus levels and grew by 1.8% in the March quarter. With this, the annual growth stood at 1.1%, according to the data releases by the Australian Bureau of Statistics (ABS). The GDP n.....
Private housing approvals in Australia hit an all-time high in April
June 01, 2021 03:50 PM AEST| By Furquan MoharkanSummary Total dwelling units approved fell by 8.6%. However, private sector house approvals jumped to a record high. Victoria has been the worst performer during the month. The approvals for construction of private sector houses in Austra.....
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.....
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.....
Why Do Markets Not React Much To GDP Data?
June 01, 2021 10:59 AM AEST| By Furquan MoharkanThe COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst recessions since 1930s, the stock markets were going gaga. Markets started to seem tone-deaf to the act...
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