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Economy
Know What’s Latest in Global Economic Calendar
March 09, 2021 12:27 AM PST| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 02:31 AM PST| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
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Is gender pay gap a reason for women to not own properties?
March 07, 2021 09:25 PM PST| By Team Kalkine MediaSource: 4 PM production,Shutterstock Summary According to the research conducted by CoreLogic, women are way behind when it comes to owning a property on their own . The CoreLogic’s women and property report reflects that women's income,...
What powered NZ economy to tide over COVID-19 storm
March 07, 2021 06:23 PM PST| By AshishSource: jijomathaidesigners ,Shutterstock Summary Despite the continued struggle with the closure of the borders, the domestic economy has weathered the COVID-19 storm better than expected, Westpac said in its latest weekly market commenta...
Auckland home builders faced supply constraints in Dec quarter: Stats NZ
March 04, 2021 07:09 PM PST| By Team Kalkine MediaSource: grandbrothers,Shutterstock Summary Home builders in Auckland have reported a rise in supply pressures. Survey revealed greater impact from availability of materials and equipment for residential building in Auckland than non-resid...
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How Bond Yields impact an economy
March 04, 2021 06:29 PM PST| By Team Kalkine MediaSource:husjur02,Shutterstock Summary US 10-year Treasury yield crossed the 1.6% mark and hit a one-year high last week following vaccine rollout and Biden government’s anticipated stimulus package. Bond yields have an impact on the economy...
RBNZ draws housing direction and stresses on stimulatory monetary conditions
March 03, 2021 11:00 PM PST| By Team Kalkine Mediaprices and share prices that are a significant risk to economies. RBNZ has stayed in a strong spot to continue to achieve its goal in the midst of COVID-19-induced economic jolt. On 4 March, Adrian Orr, RBNZ Governor, deliv...
New GMC Hummer EV’s crabwalk feature set to enrich driving experience
March 03, 2021 08:50 PM PST| By AshishSource:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video, the electric vehicle was seen criss-crossing across snow, while performing some adventurous moves...
NZ Facing Massive Rise In House Prices- Will It See A Silver Lining?
March 03, 2021 01:10 AM PST| By Team Kalkine MediaSource: Nature's Charm, Shutterstock Jacinda Ardern, NZ Prime Minister, who had vowed to resolve the country’s housing problem upon her election as the PM, is under constant pressure to control the country’s escalating housing prices....
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Strong Demand Lifts Factory Activity Across the Globe in February
March 01, 2021 11:13 PM PST| By Daminiis further expected to push demand and factory activity over the near term. Without a doubt, COVID-19-driven lockdown restrictions initially weighed heavily on the services sector, interrupting factory activity worldwide. However, the recent pi....
RBNZ to continue with easy policy settings
March 01, 2021 07:29 PM PST| By SonalSource: Michael Leslie,Shutterstock Summary RBNZ is not in any rush to eliminate stimulus and would maintain easy policy settings for a long period. The bank has the capacity to adjust the size of its LSAP functions from 1 week to other....
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RBNZ keeps OCR unchanged at 0.25% hints at prolonged stimulus
February 23, 2021 08:05 PM PST| By Manikarebound in NZ is better than expected, it is uneven and uncertain. As expected, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 0.25%, as announced in its first monetary policy statement for 2021. The Monetary C....
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Is Australia also staring at a housing crisis, will RBA impose lending restrictions like NZ?
February 22, 2021 05:49 PM PST| By Manikaedia.com/storage/uploads/original/1614045223_60346027d5526_mceclip0.png" /> After the Reserve Bank of New Zealand (RBNZ) took steps to cool off the property market and reinstate lending restrictions for property investors, Australia is also closel...
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 03:20 AM PST| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
US Dollar drops to 3-week low as vaccine optimism abounds
February 15, 2021 05:16 AM PST| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 02:13 AM PST| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
Why Bank of Canada Calls Crypto Boom A Speculative Mania?
February 11, 2021 07:35 PM AEDT| By Ipsita SarkarThe recent surge of cryptocurrencies has caught the imagination of people from around the world. But not all are amused. A senior official of the Bank of Canada dubbed the crypto rally a speculative mania that would soon run out of steam. The ban.....
US Consumer Sector Hopes for 2021 comeback Amid Dark Covid Cloud
February 10, 2021 07:04 AM PST| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary More and more people buying daily essentials directly from stores as restrictions ease Stocks of consumer staples and durables see impressive gains Trend likely to continue as the pandemic situa...
Huawei Moves Court against US Designation as National Security Threat
February 09, 2021 07:59 AM PST| By Team Kalkine MediaSource:Worchi Zingkhai, Shutterstock Summary Huawei files lawsuit in US court to overturn national security threat designation. Company profits drop by 40 per cent following US ban. US officials accuse Huawei of spying, stealing sensitive tec...
RBNZ reinstates lending restrictions to resolve NZ housing crisis
February 09, 2021 01:18 AM PST| By Team Kalkine MediaNew Zealand’s Central Bank (RBNZ) has finally intervened to find a solution to the housing market crisis. RBNZ decided to reimpose mortgage lending restrictions of pre-COVID-19 levels from March 1 and tighten them further from May 2021. This.....
