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Joe Biden Set To Become The 46th US President: Key Highlights
January 17, 2021 07:12 AM PST| By Team Kalkine MediaSource: Stratos Brilakis, Shutterstock Summary Stage set for Joe Biden’s swearing-in as the 46th US President on Wednesday Health, energy, and technology stocks may see a major boost Energy firms anxious over fate of Keystone proje...
Is NZ’s Domestic Pork Industry Set To Pick Up In 2021
January 16, 2021 05:47 AM PST| By Kunal SawhneyPork farming is the only primary industry in New Zealand that does not cater completely to domestic demand and does not export. In fact, New Zealanders are more dependent on imports of pork as the domestic pork industry has not been able to.....
Sharp rise in New Zealand’s house prices continues
January 14, 2021 08:27 PM PST| By Kunal SawhneyThe NZ property market is running red hot as the new data by REINZ in December showed the housing prices setting records for the fourth consecutive month. Swift rebound from COVID-19, record low interest rates, and tax system alterations, have led ho...
Are increasing bond yields an indication of looming inflation?
January 14, 2021 05:10 AM PST| By Mark O'DonnellThe yield on the NZ 10Y Government Bond has jumped 21.1 basis points in the past month. The 10Y bonds stood at a yield of 1.068% reflecting an increase from 14 December 2020 noted at 0.939%. As bond yields are typically tied to inflation (bo.....
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Westpac (NZX:WBC) says large urban centres to drive NZ economy in 2021
January 13, 2021 09:48 PM PST| By Team Kalkine MediaA report by Westpac Banking Corporation (NZX:WBC, ASX:WBC) has revealed that large urban centres would be major drivers of NZ economy in 2021 with house prices playing a huge part. However, rural regions would persist to perform well, with farmers .....
Fitch Ratings Declares NZ's Foreign Currency IDR at 'AA'
January 13, 2021 05:34 AM PST| By Mark O'DonnellFitch Ratings has recently confirmed New Zealand’s Foreign-Currency IDR as ‘AA’ while indicating a optimistic long-term outlook. AA indicates a very low default risk while the positive outlook indicates that the rating may be rais.....
Dry weather across northern hemisphere hits wheat production, Is Australia in a sweet spot?
January 10, 2021 09:39 PM PST| By Team Kalkine MediaAustralia wheat is set to land far beyond China as the Russian and European supply chains are taking a hit. Dry weather has hurt top growing regions in the northern hemisphere; however, the condition across Australia has been conducive with widesprea...
Westpac cuts mortgage rate amid housing boom
January 10, 2021 07:35 PM PST| By Team Kalkine MediaWestpac Banking Corporation (NZX:WBC,ASX:WBC) has declared a mortgage rate of 2.29%, a steep 20 bps cut and the lowest rate offered by any of the 4 big banks in NZ. However, the special rate is only available on a 1-year fixed term for customers wi.....
US loses 140,000 jobs in December 2020
January 10, 2021 02:38 PM PST| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
Will owning a house in NZ become a distant dream amid soaring housing prices?
January 07, 2021 07:55 PM PST| By Team Kalkine MediaNZ posted record housing prices for December 2020, showing no signs of any moderation in the last month of 2020. CoreLogic’s House price index (HPI) revealed that property values rose by 2.6% in December alone, reporting a 6.1% growth in the.....
NZ property market likely to stay on its wild trajectory in H1 2021
January 05, 2021 09:03 PM PST| By Kunal SawhneyNZ property market has been on a wild trajectory, witnessing persistent increase in the housing prices. Property market leader CoreLogic’s house price index (HPI) increased by 2.6% in December, up by 11.1% from a year earlier, taking the gro.....
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 12:36 AM PST| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
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How Central Banks Changed the Course of 2020?
December 29, 2020 09:03 PM PST| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
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NZ welcomes UK-EU trade deal, meat exporters left unhappy
December 28, 2020 07:12 PM PST| By Team Kalkine MediaNZ government has welcomed the EU and Britain on the Brexit deal’s conclusion on 25 December. The EU and the UK have reached a free trade deal post-Brexit with both of them developing 2 distinct markets and putting an end to the free movement.....
Deferred Mortgages a cause of worry in NZ as arrears mount
December 26, 2020 05:18 AM PST| By Kunal SawhneyMortgage arrears have been on a rise in NZ as thousands of Kiwis are running behind on mortgage payments. This trend is a result of the fact that the Reserve Bank of New Zealand allowed retail banks to defer mortgage payments for customers, who wer.....
Alliance Group joins the wage subsidy repayment list
December 23, 2020 09:48 PM PST| By Team Kalkine MediaAlliance Group has announced to repay $34 million from the wage subsidy declared by the NZ government in early 2020. Alliance Group Limited is a prominent food business operated by professional and dedicated Kiwi farmers who grow natural lamb, bee.....
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Residential property market sees a significant surge in New Zealand
December 22, 2020 09:46 PM PST| By Team Kalkine MediaKiwis have rerouted their funds into buying property, which they, otherwise, would have spent on overseas travel. The annual review of the Real Estate Institute of New Zealand (REINZ) showed that Kiwis spent about $12 billion more on buying houses i...
Did the COVID-19 wage subsidy fail to fulfil its desired purpose?
December 18, 2020 10:06 PM PST| By Team Kalkine MediaNearly $14 billion was paid out under NZ’s wage subsidy scheme that supported millions of jobs around the country during lockdown when businesses had to shut down. However, the wage subsidy costs were the single largest line item in term...
Climate Change Goal Discussed at ANZ AGM, Transition Planning Disclosure Gets ~ 29% Votes
December 17, 2020 06:18 PM PST| By Team Kalkine MediaAustralian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voting in favour of transition planning disclosure. The transactional planning disclosure requires the C...
NZ’s quick response to the Pandemic results in 14% GDP gain in Q3
December 16, 2020 06:00 PM PST| By Hina ChowdharyEconomic activity in NZ rebounded with GDP rising 14% in the September quarter, recuperating from lockdown in March/April that resulted in the closure of several businesses and halting activity altogether. The gain in the September quarter came af.....
