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Showing 1001 - 1010 of 1757 results for "Covid"

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... focussed on identity theft, with the agency saying they've seen a huge uptick in scams taking advantage of people during the COVID-19 pandemic. ACCC deputy chair Delia Rickard said the agency has seen a 55% increase in identity theft which it believes ...

S&P 500 rebounds from COVID-losses

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
The S&P 500 closed at a record high overnight, rebounding from the massive COVID-19-related losses that have rocked global markets. The index closed above its February high, marking the shortest bear market in history, surging around 55% since March ...

Alternative assets are the new bonds: JPMAM

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... assets in the APAC region. They said real estate is an asset class in transition, but one that will emerge stronger from the COVID-19 crisis. "We think of real estate in four categories in general; office, industrial, multi-family and retail," they said. ...

How to make sense of reporting season

ALLY SELBY  |  TUESDAY, 18 AUG 2020
... Hibernation plans morphing from short-term to medium-term strategic plans also had emerged as a core trend, Wilsons said, with COVID-19 disruption now believed to last longer than initially thought. It pointed to Sydney Airport and News Corp as two companies ...

Challenger boutique managing Nikko strategy

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
Sydney fixed income boutique Ardea Investment Management is now managing a customised strategy for Nikko Asset Management's institutional clients in Japan. Ardea in February began managing a strategy which aims to deliver JPY Libor plus 2% return after ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... pipeline, existing clients and growth in new clients. It flagged cash balances may fall as percentage of the FUA depending on COVID-19 related market volatility. Ord Minnett called the result "solid against [COVID-19] backdrop" but still has the stock ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
... higher than the first half average, mostly due to lower impairment charges," King said. "Nevertheless, the impact of the COVID-19 pandemic is clear as activity fell and margins declined." King said while there have been some signs that the economy is ...

ACSRF, NGS Super explore merger

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... who committed to a merger late last year, moved back the date of the merger from 1 October 2020 to 31 March 2021, citing COVID-19. In April, QSuper and Sunsuper delayed their merger. This story was updated at 1:17pm to add comments from NGS Super chief ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... research released by illion found that 38% Early Release of Super (ERS) applicants saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending boom ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
High net worth investors have resorted to panic buying life insurance products as a result of the COVID-19 pandemic despite low trust in the providers, according to the latest research from GlobalData. The analytics and data firm's 2020 Global Wealth ...

Editor's Choice

Former chief financial officer at Rest returns in new role

VINNY VUCAGO  |   11:16AM
Rest is welcoming back it's former chief financial officer as its inaugural chief commercial officer.

Macquarie chair provides 'cautious' outlook at AGM

ELIZA BAVIN  |   12:36PM
Macquarie Group has provided its first quarter update at its AGM, with outgoing chief executive Shemara Wikramanayake describing trading conditions as "satisfactory".

GDG delivers 36% jump in FUM

RIDDHIMA TALWANI  |   12:36PM
Generation Development Group has reported strong growth to the year ending June 30.

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |   12:30PM
The brother of Australian breakdancing Olympian 'Raygun' has been sentenced 12 months' imprisonment for his role in a global cryptocurrency scam.

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