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Economy
What is the KiwiSaver scheme? How does it help you in saving for retirement?
June 27, 2021 06:42 PM PDT| By SonalKiwiSaver is a government-sponsored voluntary savings program, designed to assist Kiwis in saving for retirement. An individual has an option to give 3%, 4%, 6%, 8%, or 10% of their gross earnings or salary (before tax) to KiwiSaver a...
Microsoft roped in as Principal Partner for COP26 Glasgow Summit
June 25, 2021 08:29 AM PDT| 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.....
Huge import increases in May give hope to ideal NZ trade recovery
June 24, 2021 09:16 PM PDT| By RomaSummary Things looking up for the NZ trade, imports witness an encouraging rise. May 2021 has been the most productive year for car imports. Dairy exports large contributor to good results. The month of May has shown improvement in import.....
How does New Zealand Stock Exchange operate? What are the good stocks listed on it?
June 23, 2021 05:05 PM PDT| By RomaLike most well-functioning economies, New Zealand has a full-fledged stock exchange. The New Zealand stock exchange, established in the 1870s gold rush, turning into a company that was then shareholder controlled. The exchange essential consi...
Women entrepreneurship initiative in Aotearoa to receive NZ$2.5m
June 23, 2021 04:10 PM PDT| By RomaSummary Initiatives to help woman entrepreneurs marks the positive paradigm shift Women in entrepreneurship will make for a stronger tomorrow for the world Small business owners need to be supported in order to help deal with COVID-related los.....
US home prices surged 23% in May as supplies fell
June 22, 2021 01:57 PM PDT| By Team Kalkine MediaThe average US home prices rose by a record 23.6% to US$350,300 in May from a year earlier as the number of available homes for sale declined amid a robust surge in demand. The demand spiked as mortgages rates fell to record levels during the peri.....
Would NZ$1-billion fund aid in solving New Zealand’s housing crisis?
June 22, 2021 01:00 PM PDT| By Neha SimpyNew Zealand has been struggling with housing crisis for quite some time. To combat the housing crunch and increase its affordability, the Government declared a NZ$3.8-billion Housing Acceleration Fund in March this year. Source: Copyright ©.....
Is Kiwi Consumer confidence on a recovery mode?
June 21, 2021 07:22 PM PDT| By SonalSummary The Westpac-McDermott Miller Consumer Confidence Survey rises 1.9 points to 107.1 in Q2 of 2021. The survey showed that the consumer confidence is improving and is on a recovery mode. Households were now spending more on entertainment .....
Biden's push for hydrogen fuel adds muscle to climate fight
June 19, 2021 08:24 PM PDT| By Team Kalkine MediaSummary The US expects decarbonizing its polluting industrial sectors would bring long-term benefits to the economy and the climate, besides creating jobs in the emerging clean energy sector. DoE is exploring feasible sites where it can produce.....
How US industrial pollutions affecting health, environment
June 18, 2021 11:28 PM PDT| By Team Kalkine MediaSummary A study conducted by CDC found that PFAS compounds were present in varying degrees in almost every individual who participated in the survey. Given the serious harm PFAS can cause to human health, the Michigan Air Quality Division plan.....
US banks to close early on Friday for Juneteenth Holiday
June 17, 2021 07:45 PM PDT| By Team Kalkine MediaSummary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branches of JPMorgan Chase will close in the second half. Juneteenth, also celebrated as the African A.....
Is New Zealand economy at pre-covid levels?
June 17, 2021 05:02 PM PDT| By RomaSummary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough to make up for international losses. GDP numbers were announced yesterday. Stats NZ anno.....
US jobless claims climb to 412,000 last week after a pause
June 17, 2021 03:57 PM PDT| By Team Kalkine MediaSummary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of jobless benefits claims rose by 37000 to 412,000 last week, the first increase following a five-w.....
US Supreme Court dismisses Trump-backed challenge to Obamacare
June 17, 2021 11:30 AM PDT| By Team Kalkine MediaSummary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the Affordable Care Act. Republicans questioned the legality of a key proviso and sought to know if .....
ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
June 17, 2021 12:02 AM PDT| By SonalSummary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and.....
Fed signals rate hike by 2023, expects 7% GDP growth this year
June 16, 2021 06:39 PM PDT| By Team Kalkine MediaSummary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates monthly. Fed Chairman Jerome Powell said discussions would continue before a final decision; he d.....
New Zealand just escaped recession, GDP grows by 1.6% in March quarter
June 16, 2021 05:17 PM PDT| By ManikaSmmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP).....
What is Superannuation Fund and how it is different from KiwiSaver?
June 16, 2021 01:08 AM PDT| By ManikaSummary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It provides supplemental income to the Kiwis. Superannuation Fund in New Zealand is a governm.....
Have these 5 stocks been most active on NZX today?
June 15, 2021 10:36 PM PDT| By RomaSummary Canterbury floods to have caused multitude of claims from Tower Limited. Investor day to be held virtually by Sky Network Television limited Oceania Healthcare recorded good business despite the pandemic. Depending on various mark.....
New Zealand’s current account deficit in all-time poorest shape
June 15, 2021 07:32 PM PDT| By SonalSummary Current account deficit (CAD) reached $5 billion for New Zealand in the March quarter of 2021. Rise in imported goods and services deficit was the reason behind widening of the CAD. International investment position of the country narr.....
