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Economy
Short on Foreign Workers, Farming Sector A New Ray Of Hope for People on JobSeeker
October 02, 2020 07:58 AM PDT| By Team Kalkine MediaThe pandemic has redefined all sectors; its effects have forced countries to focus on strengthening domestic primary industries than globalisation. When the COVID-19 crisis began in 2020, the world experienced an unprecedented situation that was f.....
Has lockdown been a turning point for the Retail Sector?
September 29, 2020 10:32 PM PDT| By Team Kalkine MediaIn the recent times, coronavirus has been the biggest challenge faced by businesses around the world, along with the retailers. Supermarket sales have been up (both in-stores and online) when the country was at Alert Level 4 as buyers stocked up on.....
‘SWOT Analysis’ of NZ Travel Industry Reeling from COVID-19 Crisis
September 29, 2020 09:50 PM PDT| By Team Kalkine MediaWhile Kiwi Land’s stringent lockdown restrictions enabled it to gain control over the COVID-19 spread, these curbs delivered a crushing blow to the flourishing travel sector. At the time when NZ is pulling out all the stops to reboot its mult.....
Is the travel bubble between Australia and New Zealand likely to go ahead?
September 27, 2020 10:58 PM PDT| By Edita IvancevicFive months after the first discussion regarding safe travelling between Australia and New Zealand, it may finally happen. As the coronavirus situation within Australian borders seems to be improving, New Zealand has been open for negotiations, an.....
With interest rate at an all-time low, how are Businesses managing their debt funding?
September 25, 2020 09:45 PM PDT| By Team Kalkine MediaBusinesses are facing the ravaging impact of COVID-19, regardless of how huge or successful they had been in the past. Most of the companies across the world have got hit by the coronavirus induced economic downturn and nationwide lockdown. They ha.....
RBNZ keeps rates unchanged, shows a mark of confidence?
September 24, 2020 10:42 PM PDT| By Team Kalkine MediaIn the latest meeting of RBNZ on 23 September, RBNZ affirmed its previous guidance to hold the official cash rate (OCR) at 0.25% until March 2021 while noting that a Funding for Lending Programme (FLP) would be introduced before the year ends. In .....
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Escalating US-China Spat: No End in Sight
September 24, 2020 04:09 AM PDT| By Team Kalkine MediaAt the time when the entire world is collectively fighting the battle against the Global Virus Crisis, the world’s two largest economies are busy settling their scores on COVID-19 origin, technology sharing and human rights abuses grounds. By.....
How are AUD and Yuan Faring Against the Greenback?
September 21, 2020 10:03 PM PDT| By Team Kalkine MediaWhile the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America.....
COVID-19 Pandemic Vs Global Financial Crisis: NZ Economic Indicators Under the Spotlight
September 17, 2020 03:10 AM PDT| By Team Kalkine MediaThe magnitude of COVID-19 disaster was initially underestimated by the policymakers worldwide. However, deep repercussions of the pandemic have ignited debates of its close resemblance with the global financial crisis (GFC) of 2008-2009. At the tim.....
NZ GDP to contract in June quarter, but a quick bounce back expected in Q3
September 15, 2020 10:35 PM PDT| By Team Kalkine MediaNew Zealand government led by PM Jacinda Ardern has garnered international accolades for pursuing the policy of going tough and going early in imposing lockdowns to curb the spread of coronavirus. NZ’s coronavirus free run for 102 days ended.....
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Kiwi’s Thirst for Travel Re-Ignites, Air New Zealand Sells 110k Tickets
September 15, 2020 10:06 PM PDT| By Team Kalkine MediaWhile the travel sector has been one of the worst hit in the face of COVID-19 crisis, Air New Zealand (NZX:AIR) is under the spotlight for reflecting some signs of revival for the sector amidst relaxed social distancing norms. The government of Ne.....
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San Francisco goes all orange, Is New Zealand the north star for 21st-century house hunters?
September 14, 2020 02:37 AM PDT| By Team Kalkine MediaHouse prices in New Zealand have hit a record high amid COVID-19 as sales improved after lockdown and people looked at renovating their homes due to increased amount of time spent there. As per the latest sales figures from Real Estate Institute o.....
Banks raise an alarm as RBNZ Governor prepares for Negative Interest Rate
September 14, 2020 12:47 AM PDT| By Team Kalkine MediaThe ongoing COVID-19 pandemic has hit businesses, disrupted supply chains, and threw the economies into a recession across the globe. Central banks of some of the leading countries are taking into consideration negative interest rates to combat the.....
Are There Any Green Shoots Sprouting in the NZ Economy?
September 11, 2020 07:35 PM PDT| By Team Kalkine MediaWhile the Kiwi Land is battling with the second wave of COVID-19 infections and resultant lockdown restrictions, stronger than anticipated performance of the NZ economy has taken the world by surprise. Moreover, some optimistic signs of recovery ar.....
New Zealand’s 2-year bond yield enters negative territory for the first time: Impact on the larger economy
September 11, 2020 12:36 AM PDT| By Team Kalkine MediaNew Zealand has been leading the world in battling coronavirus. The country has been applauded globally for its effective control on coronavirus by imposing strict and early 7-week lockdown in April and May. However, the country witnessed a second .....
Election 2020: Labour to bring a 39% tax rate for top income earners
September 10, 2020 11:37 AM PDT| By Team Kalkine MediaJacinda Ardern’s ruling labour party has proposed a new higher tax rate of 39% on income earned over $180,000 implying that only 2% of the taxpayers would in reality pay it, while others would keep paying taxes at the same rate as before. Th.....
Three Key Trends Defining Travel Sector’s Recovery from COVID-19 Storm
September 03, 2020 10:11 PM PDT| By Team Kalkine MediaNo doubt, COVID-19-induced restrictions initially smashed the thriving NZ travel industry amid stringent lockdown restrictions and overseas travel bans. However, some optimistic trends that appear to hit the ground running deserve closer attention .....
Retail Confidence Crashes in August amid Level 3 restrictions
September 03, 2020 01:53 AM PDT| By Team Kalkine MediaThe latest September NZ Retail Radar report shows that the retailer confidence declined substantially due to Level 3 lockdown in Auckland during August because of the resurgence of community transmission of coronavirus in NZ. Though, sales had rec.....
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What made ETFs a Star Investment Opportunity During COVID-19 Crisis?
August 27, 2020 08:51 PM PDT| By Team Kalkine MediaWhile market volatility caused by COVID-19 offered Exchange Traded Funds (ETFs) with the most critical test since the 2008 Global Financial Crisis, they remarkably proved their resilience during the virus crisis. The pandemic-induced uncertainty an.....
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 06:20 AM PDT| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
