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Showing 1041 - 1050 of 6513 results for "News"

CIMIC replaces chief after $1b write-off

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... Michael Wright, who the company said has "accepted a new leadership role" within CIMIC group which is yet to be announced. The news comes after the construction company recorded a $1.8 billion loss, after exiting the Middle East market, blaming tough ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... will be defending the claim and notes other similar lawsuits may be filed," the bank said in a statement on the ASX. The news comes after the bank was hit with another class action in December last year on behalf of shareholders in relation to the same ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... superannuation market with its Diversa Trustees and Tidswell acting as the responsible service entity for 66% of the products. The news of Sargon's entering external administration comes soon after its rebrand of another acquisition, Madison Financial ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed. Amid news at the start of the year that Mark Bouris' Yellow Brick Road would exit wealth to focus on mortgages, a referral agreement ...

Coronavirus in, climate change out: Costello, deVere

ALLY SELBY  |  TUESDAY, 28 JAN 2020
... of being infected, the outbreak of the Wuhan coronavirus has left markets tumbling as fears of an epidemic are stoked by news of the virus spreading around the world. It's caused the new coronavirus to be dubbed the number one threat to financial ...

Chief economist update: Coronavirus has gone viral

BENJAMIN ONG  |  TUESDAY, 28 JAN 2020
... - the "fear gauge" - jumped to reading of 18.23 overnight from this year's low of 12.10 - recorded immediately after news that the US and China shook hands on a "phase one" trade deal - and the highest since October 2019 - the time when markets fretted ...

Beware the retirement trap

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... from the reduction of age pension entitlements as assets and income in retirement increase above certain thresholds. In bad news for many, this new analysis indicates that to safely escape the retirement trap retirees will have to have accumulated well ...

Chief economist update: Strength in jobs downs RBA rate cut expectations

BENJAMIN ONG  |  FRIDAY, 24 JAN 2020
There's more bad news for us, Australians all. The Reserve Bank of Australia (RBA) will no longer cut the official cash rate by 25 basis points - to 0.5% - when it holds its first board meeting for 2020 on February 4. No Virginia, I didn't say ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... an opportunity to investors. "While stocks with bushfire exposure are likely to sell off on the announcement of negative news, we believe any financial impact will be non-recurring. Therefore, any share price overreactions could present a buying opportunity," ...

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
... conditions next 12mths" and over the next five years has deteriorated by 5.4% and 3.7% in the month of January. There's good news in the labour market - the unemployment expectations index fell by 2.9% in the month of January from December. But the ...