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Showing 1261 - 1270 of 1758 results for "Covid"

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... The US Federal Reserve has projected rates will remain near zero through 2022 and GDP will contract 6.5% as a result of COVID-19. The Fed also pledged to maintain at least the current pace of asset purchases, which is around US$80 billion per month. ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...

CMC Markets introduces derivatives platform

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... multiple markets," Wood said. "There has been unprecedented market activity this year across global markets driven by the COVID-19 pandemic, and with that comes opportunities, in particular for intra-day traders. "Our new platform opens up a range of ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... penny stock trader is in trouble with the law after he claimed a company he was trading stocks in had developed a special COVID-19 test. The US Securities and Exchange Commission (SEC) has filed a complaint against Jason Neilson, saying he pumped up ...

Bad news for BDMs despite industry-wide uptick

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... business development managers. Kaizen recently surveyed over 50 financial services organisations regarding the impact of COVID-19 on hiring. It found that after widespread hiring freezes earlier in the year as the pandemic created uncertainty, the tide ...

Property yet to show COVID-19 pain

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... said shows a tightening in the market compared to last quarter. "However, this is prior to markets showing the impact of COVID-19," he said. Kelly added that with the new lending to household data released by the Australian Bureau of Statistics, lending ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... Capital Group portfolio manager Amy Pham, responsible for the firm's High Conviction Property Securities Fund, who argued that COVID-19 had created both opportunity and risk in the AREIT sector. "COVID-19 has created earnings uncertainty for certain ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... put an end to the war on superannuation waged by government backbenchers, in an effort to ensure Australia rebounds from COVID-19 "faster and better". Financial Standard has obtained a copy of an address to be made to the Chifley Research Centre today ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... "Risk and compliance functions are undoubtedly under immense pressure following the Banking Royal Commission and now, with COVID-19," Accenture Australia and New Zealand managing director Tales Lopes said. "In fact, COVID-19 is showing us that holistic ...

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
Australians are taking a more active interest in their insurance and superannuation, as the impact of COVID-19 on personal finances continues to be felt, according to MetLife. The new research from MetLife found one in four Australians, or 28%, have ...