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Showing 121 - 130 of 815 results for "Global Financial Crisis"

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... needs when they need it most," he said. "NAB is open for business. We continued lending throughout the Global Financial Crisis and we'll continue to lend through this." Analysis by RateCity.com.au found that just 2% of term deposit rates on its database ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... him to institute the same measures for SMSF pensioners that the Rudd Government introduced during the Global Financial Crisis. In 2008, the government made a temporary reduction to the minimum pension payment to assist SMSF pensioners who suddenly found ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... the highest of highs, and conversely, the lowest of lows. From the 1987 stock market crash to the 2008 Global Financial Crisis, what is so different about this situation that has investors so spooked? The main consensus; the COVID-19 outbreak is not ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... said. "The outlook for global growth for 2020 it is negative-a recession at least as bad as during the global financial crisis or worse. But we expect recovery in 2021." Georgieva said it is paramount to prioritise containment and strengthen health systems ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... measures, and governments nationalising banks and other financial institutions got the world pass the global financial crisis a decade ago. The underlying problem then was the drying of liquidity that, if left to fester, would turn into a solvency problem. ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... only marginally ahead of the retail fund segment, which fell out of favour with Australians after the Global Financial Crisis," Dunnin said. Other determining factors contributing to a decline in contributions are increased regulatory scrutiny, reductions ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... the government to mirror the decision of the Rudd Labor government as it dealt with the fallout of the Global Financial Crisis in 2008 to reduce the minimum annual payment amount for superannuation income streams. De Gori pointed out the government's ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... fell 7.3% or 455 points. It was the biggest intraday percentage fall for the local benchmark since the Global Financial Crisis. The S&P/ASX 200 has fallen 19.6% from its February highs. A 20% drop marks a bear market. In the first 10 minutes of trade ...

Virus fallout worse than GFC: IMF

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... dramatically in February," Gopinath said. "While the drop in manufacturing is comparable to the start of the global financial crisis, the decline in services appears larger this time-reflecting the large impact of social distancing." She also pointed ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... freezing (of economic activity) wrought by coronaphobia is shaking what has become an orthodoxy since the Global Financial Crisis that central banks are the new masters of the universe. Grexit, the Jasmine Revolution, North Korea's missile launches ...