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Showing 121 - 130 of 774 results for "June quarter"

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion ...

Chief economist update: Communists' party

BENJAMIN ONG  |  WEDNESDAY, 26 AUG 2020
... measures - have saved the Chinese economy from falling into a technical recession; GDP growth rebounded by 11.5% in the June quarter (3.2% year-on-year), more than offsetting the 10% contraction (minus 6.8% y-o-y) in the March quarter. More recent reports ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... our decision independently and it sits comfortably within APRA's guidance." The banks total provision charge in the June quarter was $500 million, and follows the $1.6 billion taken in the first half. "This new charge includes an individually assessed ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the Australian economy is suffering the worst contraction in many decades. "We do not yet have the GDP data for the June quarter, but it will show the biggest economic contraction in many decades, likely to be around 7%," he said. "If there is any good ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... a reversal in crude oil prices. WTI oil prices soared by 37.0% to an average price of US$38.21 per barrel in the June quarter from US$27.96/barrel in the first three months of 2020. The price of Brent oil jumped by 36.6% to an average of US$40.27/barrel ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... inflation) is presumably also the highest over that timeframe. The annual growth in real total wages jumped to 2.6% in the June quarter from only 0.03% in the March quarter. That's a lotta dinero that would go towards consumer spending that, by extension ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... Zealand's unemployment rose to just 4.2% in the March quarter - a one-year high - before easing back to 4% in the June quarter. This should reverse the 1.3% quarter on quarter drop (-0.2%) in the economy's national output in the national quarter. ...

Pinnacle reports FY20 inflows, profits

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... month in retail FUM in their global equity strategy, of the $55 million monthly retail total for the boutique in the June quarter. Coolabah, which joined Pinnacle in mid-December, added $600 million in the second half. Two Trees' FUM fell significantly ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... times. Some would be concerned, but most would understand, reading about the US economy shrinking by 9.5% in the June quarter, given the coronavirus that's still doing its rounds around the world and... assuming that that 9.5% is the number by which ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... change in methodology relating to adviser categorisation, which now aligns to that used by IOOF," IOOF said. For the June quarter, IOOF recorded net outflows of $93 million in financial advice, a stark decrease from the previous corresponding period ...