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Economy
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$25 per seat; Jetstar New Zealand offering a mega sale on select flights
November 16, 2020 07:07 PM PST| By Team Kalkine MediaAustralian low-cost airline Jetstar announced bumper sales on thousands of seats on its main domestic routes in New Zealand. The seats are priced as low as NZ$25 for one-way airfares on routes including Auckland to Christchurch. The carrier said th.....
What does Biden taking the throne mean for US-EU trade relations?
November 13, 2020 09:22 AM PST| By Hina ChowdharyWith Joe Biden elected as president of the United States, a lot is set to change, particularly in the trade sector. The harsh views maintained by the previous president Donald Trump with regards to international trade damaged the trade channels sev.....
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Reserve Bank tools to impact the NZ housing market
November 11, 2020 09:33 PM PST| By Team Kalkine MediaMedian house prices across New Zealand have surged 19.8% YoY, with the median now at $725,000 in October 2020 compared to $605,000 in the same month last year, as per Real Estate Institute of New Zealand (REINZ). The median house price in Auckland.....
RBNZ aiming towards reintroduction of LVR mortgage restrictions
November 10, 2020 07:06 PM PST| By Team Kalkine MediaRBNZ made a surprising declaration today (i.e. 11 November) that by next month it would discuss on a probable reintroduction of loan to value ratio (LVR) lending restrictions on banks in March 2021 amid increasing worries of a housing bubble in NZ......
Air New Zealand issued share options. Why is it facing a backlash?
November 09, 2020 07:04 PM PST| By Team Kalkine MediaNew Zealand's beloved airline Air New Zealand is in the middle of yet another controversy. Since the coronavirus pandemic started, Air NZ is seeing worse days than the good ones. The airline has been called out as "tone-deaf" as it recently issued .....
RBNZ likely to encourage more lending through its FLP tool
November 08, 2020 06:26 PM PST| By Team Kalkine MediaNZ central bank Governor Adrian Orr is likely to reveal a new monetary policy instrument that will drive borrowing costs to new record lows to accelerate economic growth. The Funding for Lending Program is witnessed as a vital step in RBNZ slashing.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 06, 2020 09:09 AM PST| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
New Zealand witnesses the biggest quarterly rise in the unemployment rate in Q3
November 03, 2020 06:56 PM PST| By Team Kalkine MediaNew Zealand recorded the largest quarterly rise in the unemployment rate in 3 months ended September 2020, in line with economists' predictions, as firms were compelled to lay off workers amid coronavirus induced recession. The official unemployme.....
Why is PM Scott Morrison’s decision on Christine Holgate dubbed “double standard”?
November 02, 2020 10:50 PM PST| By Team Kalkine MediaAustralia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision comes after PM Scott Morrison criticised her act of gifting expensive Cartier watches to senior exec.....
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Aotearoa Circle's Sustainable Finance Forum Out; NZGIF under the Spotlight
November 02, 2020 08:19 PM PST| By Team Kalkine MediaThe latest report by Aotearoa New Zealand’s Sustainable Finance Forum (SFF), representing the collective initiatives of the SFF undertaken from January last year to November 2020, is grabbing headlines lately. The report sets out priorities a.....
Is the NZ housing market set to thrive?
November 01, 2020 10:48 PM PST| By Team Kalkine MediaThe housing market of NZ has been surging substantially after the Alert level 4 lockdown ended, partly due to low interest rates, removal of loan to value ratio restrictions temporarily and scarcity of homes for sale. People are flocking to purcha.....
Negative official rates and FLP a downer for bank profits
October 30, 2020 01:24 AM PDT| By Team Kalkine MediaLast month, in September, RBNZ (Reserve Bank of New Zealand) announced that the term funding for the FLP (Funding for Lending Programme) would be ready by the end of 2020 before it cuts OCR (Official Rate Cut) prior to March 2021, as there was a ne.....
Six NZ banks to start trial of regional banking hub in November
October 29, 2020 01:29 AM PDT| By Team Kalkine MediaAs more and more customers shift to online banking, banks have been shutting their branches in small regional cities, adding to concerns that getting cash could become difficult in certain regions. But a consortium of banks has come up with a prop.....
Stargaze this weekend, The Mount John Summit reopens
October 28, 2020 09:15 PM PDT| By Team Kalkine MediaTekapo tourist attraction the Mount John Summit Experience has reopened from Thursday, October 29. Mount John Observatory tours are famous for stargazing and are finally welcoming astronomy enthusiasts seven months after it was closed due to the CO.....
Is New Zealand ready for more stimulus? Inflation data says yes, while property prices say otherwise
October 25, 2020 06:11 AM PDT| By Team Kalkine MediaThe annual inflation rate surprisingly slowed in Q3, fueling prospects of further stimulus by the Reserve Bank to accelerate the economy. CPI is a measure of inflation for NZ households and records changes in the prices of goods and services. As .....
NZX Stocks Rejoice with the benchmark Index up ~5% in Oct as Jacinda wins the second term
October 19, 2020 02:04 AM PDT| By Team Kalkine MediaNZX stocks have been rolling to record highs with the housing market flying into a boom mode as NZ had been preparing to go to polls. In New Zealand election 2020 on 17 October, the centre-left Labour party of Jacinda Ardern roared to a landmark e.....
Zoom Your Lens Over Bright Spots Dazzling in the NZ Economy
October 14, 2020 10:19 PM PDT| By Team Kalkine MediaWhile Kiwi Land observed its worst economic contraction in June 2020 quarter amidst COVID-19-driven repercussions, the nation’s economy appears to be gradually resurrecting from the technical recession. NZ’s dedicated response in contai.....
Heartland Bank Creates History by launching NZ's lowest Home Loan rate
October 14, 2020 10:55 AM PDT| By Team Kalkine MediaCoronavirus outbreak has caused mortgage rates in NZ to drop to all-time lows. Major banks are announcing low interest rates to boost up the economy and prompt Kiwis to spend more. Mortgage rates have been dropping since April and have now fallen .....
Air New Zealand (NZX:AIR) offers flights under $60; Airlines Go aggressive to sell seats
October 12, 2020 10:00 PM PDT| By Team Kalkine MediaIt's not often you hear about airlines offering massive sales these days. After many months, now that New Zealand is cautiously getting back on its feet, airlines have spruced up their sales tactics to cope up from the losses they suffered during t.....
Have Gandhi's Ideas Been A Guiding Post for New Zealand As It Emerges as a Leader In Fight Against Global Warming?
October 08, 2020 09:02 PM PDT| By Team Kalkine MediaEnvironment sustainability has been a hot topic as the importance of climate change persists to grow across the world. Environment sustainability is concerned with maintaining and protecting natural resources without threatening the ability for the.....
