News

Would New Zealand’s SMEs Gain From Budget 2021?

Summary SMEs are economic engine of New Zealand economy. SMEs are majorly positive that Budget 2021 will be good for their businesses. Many busin...

Michael Burry of ‘The Big Short’ fame has bet US$534 million against...

Micheal Burry, the investor famous for foreseeing the subprime mortgage crisis and profiting from it, has a short position worth US$534 million agains...

Aussie PM To Visit NZ On May 30 After Trans-Tasman Bubble Opened Las...

Summary New Zealand will welcome Australia’s PM and his wife; their maiden visit since the opening of the trans-national borders of the two n...

US Stock Markets Slip On Fears Of Rising Inflation, Rate Hike

All major benchmark US stock indices edged lower on Monday, May 17, dragged down by blue-chip and technology stocks as concerns over rising inflation...

Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?

Tesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was capture...

Will environmental concerns pave the way for Bitcoin to get greener?

Summary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an...

ANZ foresees OCR rate to hike gradually from August 2022

Summary ANZ has predicted RBNZ to start hiking OCR from August 2022. The gradual increases in OCR are expected to take it to 1.25% by the end of 2...

China’s retail sales numbers paint a dismal picture

The world’s second largest economy, China, seems to be grappling with a sluggish economic recovery as consumer spending grew far lesser than exp...

Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2...

Summary The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme. Budget 2021 ai...

APAC markets open mixed as investors await Chinese datasets

Summary Monday morning was a mixed bag for APAC markets. Taiwan weighted index is down 1.63% -- the worst performer. Dow Jones New Zealand is up...

ASB Offers Low Interest Rates for Newly Built Properties

Summary ASB offers low rate of interest for newly built homes. Energy-saving homes to get an additional cashback benefit. An attempt to boost the...

New Zealand’s Annual Net Migration Hits A New Low

COVID-19-induced border and travel restrictions have culminated in yearly migrant arrivals and departures hitting new lows. As per the latest da...

Is COVID-19 wave on the ebb? Signs of relief as cases decline

The COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday,...

Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint

Billionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency &...

Israel-Palestine Conflict: Biden Calls For De-Escalation

Amid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian...

Dogecoin explained: All you need to know about the meme currency

Summary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for compl...

US Markets End Higher After Volatile Week; Tech, Energy Stocks Advan...

All major US stock indexes closed higher on Friday, ending a volatile week that saw a steep decline in the blue-chip and technology stocks amid a posi...

Can inflation woes spark a firestorm in global markets?

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days,...

Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply...

Last week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the might...

After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?

Year 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exceptio...