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Showing 31 - 40 of 209 results for "drought"

Lowe snaps back at critics

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
... encouraging too much borrowing and driving excessive valuations. Lowe also took the opportunity to comment on the recent fires, drought and coronavirus outbreak that have been causing concerns amongst investors. The central bank governor said the economic ...

Light on horizon for global economy

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
The International Monetary Fund has predicted an upturn in the global economy in 2020, though the biggest risk to a rebound is climate change. In 2019 the global economy experiences the weakest growth since the Global Financial Crisis, but the IMF is ...

Climate crisis tops list of risks for 2020s

ALLY SELBY  |  THURSDAY, 16 JAN 2020
For the first time, climate crisis and environmental degradation have taken out the top five spots in a list ranking the risks most likely to impact the world over the coming decade. It comes as extreme weather events batter the world; with fires burning ...

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... this morning. The first one is from Reuters (14 January 2020), "Australian economic outlook overshadowed by bushfires, drought: Reuters poll". According to the article: "Economists polled by Reuters forecast Australia's A$2 trillion ($1.4 trillion) ...

UK pension fund expands offering, climate risk policy

JAMIE WILLIAMSON  |  TUESDAY, 7 JAN 2020
... 100+. "The least ambitious end of the Paris Agreement was set at 2C - this will still significantly worsen the risk of drought, floods, extreme heat and poverty for hundreds of millions of people. Setting a 1.5C target is a stronger goal which we will ...

Super funds could boost returns by 59bps: Report

ELIZA BAVIN  |  TUESDAY, 12 NOV 2019
... director of research in Australia Raewyn Williams said this is akin to Australia's stewardship of water in the current drought crisis. "In drought-stricken Australia we can't predict when it will rain again, but our sense of stewardship means we control ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... compared to a 1.7% increase in the All Groups CPI. ASFA chief executive Martin Fahy said the increase demonstrated how the drought was starting to hit the hip pocket of retirees, with prices of everyday items jumping significantly. The cost of beef has ...

Another winter of Australian discontent

BENJAMIN ONG  |  WEDNESDAY, 23 OCT 2019
... 2019/20 winter crop season to 27.7 million tonnes (the smallest output since 2007/08) from the previous year's "already drought-diminished grain harvest and is 31 per cent below the five-year-average for Australia's winter crop". According to ...

Future Fund returns 1.9% for the quarter

KANIKA SOOD  |  MONDAY, 21 OCT 2019
... The $4 billion Education Investment Fund has a one-year return of 2.1% against benchmark 2% return. The $4 billon Future Drought Fund, which was transferred assets of the Building Australia Fund last month, is currently investing in line with the old ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... ASFA chief executive Martin Fahy. Food, in particular, has seen a significant rise in price due in no small part to the drought, with the price of bread up by 4.8%, beef by 6%, lamb by 13.5%, fruit by 4.9%, and vegetables by 6.2%. Petrol prices have ...