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Economy
New Zealand’s Exports Drop, Oil and Logs Resist Trade Price Decline
June 01, 2021 07:26 PM PDT| By SonalNew Zealand’s total exports of goods and services declined 16.5% to $72.6 billion in the year ended March 2021, as per the data released by Stats NZ on Wednesday. The data reflects the effects of the coronavirus-affected year. International tr...
US Oil Prices Soar As Summer Kicks In
June 01, 2021 11:13 AM PDT| By Team Kalkine MediaSummary Oil prices are expected to rise further in the US as demand is set to increase with the onset of summer when Americans typically embark on vacations to beat the heat. On Tuesday, the Organization of Petroleum Exporting Countries (OPEC).....
ANZ Business Outlook for May indicates stressed New Zealand economy
May 31, 2021 09:29 PM PDT| By SonalANZ Business Outlook Survey analyses the course of the economy in the next year and shows how business confidence is stacking up, what export sales are up to, and how the labour market is doing, etc. The survey collects crucial economic data, which...
New Zealand’s new dwelling approvals stay strong in April
May 31, 2021 07:19 PM PDT| By SonalAs per the latest building consent data released by Stats NZ, the number of new homes consented monthly in April 2021 rose 84% as compared to April 2020 to 3,994. This number included 2,140 stand-alone houses, 1,076 townhouses, flats, and units, 47.....
Why Do Markets Not React Much To GDP Data?
May 31, 2021 05:59 PM PDT| 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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California’s Car Culture Shows The Way In Climate Fight
May 29, 2021 07:41 PM PDT| 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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Key Takeaways From US Federal Budget For Fiscal 2022
May 28, 2021 08:29 PM PDT| 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 28, 2021 08:24 PM PDT| 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...
US Budget FY2022: Infrastructure, Healthcare Get Top Priority
May 28, 2021 02:13 PM PDT| By Team Kalkine MediaPresident Joe Biden on Friday, May 28, unveiled his maiden budget for the fiscal year 2022, giving top priority to infrastructure, healthcare, and climate change, as he gets ready for a major overhaul of the US economy. The spending plan is focuse.....
President Biden’s FY22 Budget: What To Watch
May 28, 2021 10:19 AM PDT| By Team Kalkine MediaSummary President Joe Biden to push for a US$6 trillion Federal Budget for FY2022. Spending on social security, healthcare, and infrastructure to get priority. Higher taxes for wealthy Americans and corporate giants on the cards. Presiden.....
Joe Biden To Present His First Full Budget
May 28, 2021 07:34 AM PDT| By Team Kalkine MediaPresident Joe Biden is set to present his first full budget for the fiscal year 2022 today, which would give more insights into his proposed spending in major areas including education, healthcare, foreign aid and immigration policy as well as other...
New Zealand’s Filled Job Numbers Hit a New High in April 2021
May 27, 2021 07:21 PM PDT| By SonalSummary Stats NZ revealed that filled jobs rose and hit a new high in April 2021. Construction, healthcare and construction were amongst the biggest drivers of the increase in filled job numbers. Filled jobs have resumed to a more upward trend.....
RBNZ Governor Says Housing Inflation is Temporary
May 26, 2021 10:01 PM PDT| By RomaSummary Housing prices in New Zealand could cool down soon. Reserve Bank Governor analyses the current scenario. Government efforts to control housing prices might soon be fruitful. With the housing industry have been seeing a lot of ups .....
Countries to Take A Vow For Productive, Climate-Controlled Tomorrow
May 25, 2021 10:30 PM PDT| By RomaSummary UN Secretary General calls for a round table conference of world leaders. They will rally to focus on sustainable development. COVID-19 vaccination equity one of top priorities. In a big announcement, Antonio Guterres, the Secreta.....
No Surprises As RBNZ Keeps OCR Unchanged At 0.25%
May 25, 2021 08:53 PM PDT| By ManikaIn line with the expectations, the Reserve Bank of New Zealand (RBNZ) decided to keep the current monetary support with OCR unchanged at 0.25%. Even the Large-Scale Asset Purchase and Funding for Lending remains the same. The Monetary Po.....
GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan
May 25, 2021 07:39 PM PDT| By Team Kalkine MediaSummary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag.....
New Zealand imports surge in April led by vehicles and crude oil
May 25, 2021 07:13 PM PDT| By SonalThe monthly trade balance of New Zealand was a surplus of $388 million in April 2021, as per the data released by Stats NZ on overseas merchandise trade. While goods exports increased 1.2% to $5.4 billion, goods imports surged 26% to $5 billion in th...
US Home Prices Surge To 15-Year High Amid Scarce Supply
May 25, 2021 04:58 PM PDT| By Team Kalkine MediaSummary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag.....
What are expectations from RBNZ’s upcoming policy meet?
May 24, 2021 10:32 PM PDT| By SonalSummary RBNZ widely expected to leave the cash rate on hold and upgrade economic forecasts. Economic data has continued to show improvement since the last policy meeting. However, RBNZ likely to keep cautious amid downside risks to growth. .....
New Zealand’s Retail spending grows 2.5% in Q1 2021
May 23, 2021 07:51 PM PDT| By SonalSummary The total retail sales volumes (seasonally adjusted) in New Zealand rose 2.5% on quarter in March 2021. Higher retail expenditure on electrical and electronic goods (+8.4%) and recreational goods (+16%) helped in improving overall spend.....
