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Showing 101 - 110 of 757 results for "Corona"

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
"The circulation of confidence is better than the circulation of money." - James Madison, 4th President of the USA (1809-1817) and Founding Father The Morrison government circulating more money which, according to the Budget Papers 2020-21, amounts ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Oh Nikkei, you're so fine You're so fine you blow my mind, hey Nikkei..." My apologies to Toni Basil for re-wording the lyrics to her 1981 hit "Mickey", but anyone watching the rise and rise of the Nikkei-225 index will understand. The Japanese ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
APRA has revealed the final figures representing the impact of the government's early release of super scheme which saw 3.5 million Australians dip into their retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
The nation's wealthiest saw their fortunes increase by nearly $85 billion during the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
The inauguration of Joe Biden as the US's 46th president and his almost immediate buckling down to work garnered much of the media's attention last week. Hours after he was sworn in, Biden signed 17 executive orders, memorandums and proclamations ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
Payroll jobs had recovered to pre-COVID levels by early December 2020, according to figures released by the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said early to mid-December is a seasonal peak for jobs each ...

Chief economist update: Japan's second state of emergency

BENJAMIN ONG  |  TUESDAY, 19 JAN 2021
Japan may need to spend more to mitigate the expected slowing in consumption and business activity following the declaration of the second state of emergency. The worst of the pandemic appeared to have passed when Yoshihide Suga took over from Shinzo ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
The longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth ...

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
The Chinese yuan has seen a sharp appreciation, leading major Chinese news outlets to report that the government would be relaxing rules to make it simpler to settle the currency internationally. 'Twas less than one and a half years ago that the ...