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Showing 121 - 130 of 731 results for "coronavirus"

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Chief economist update: Australian capex in COVID-19's shadow

BENJAMIN ONG  |  FRIDAY, 27 NOV 2020
... growth, it, itself, is a driving component of that growth. Certainly, there will be some nuances but because of the coronavirus pandemic - and the consequent restrictions and lockdowns and the general uncertainty of doing business - a few aren't ...

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
... principle for who would have dreamed that the US equity market would rally to new heights amid the nightmare of the coronavirus pandemic that, in turn sent the US economy collapsing at an annualised rate of 32.9% in the June 2020 quarter - the sharpest ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
Superannuation assets totaled $2.9 trillion at the end of the September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
One in five Australians who received the JobKeeper payment would not have stayed employed this year without it, according to a research paper from the Reserve Bank of Australia (RBA). The Morrison government announced a series of fiscal measures at ...

Aussie dividends lag on global stage

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
Global dividends took an 11% hit, falling $76.7 billion in the third quarter with the weakest results coming from Australia, the UK, and the Netherlands, according to Janus Henderson. The Global Dividend Index revealed Australian dividends suffered ...

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
... speculators and investors would prefer to have stayed in bed. You would too reading, listening, and digesting news that coronavirus infections and deaths in America are rocketing through the stratosphere. Worldometers.info data show the US still tops ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... said. The SG is meant to increase from 9.5% to 10% on 1 July 2021. On 1 July 2025, it is slated to reach 12%. The coronavirus has sent shock waves that have impacted wages, the economy, and labour markets, he said, adding that the government needs to ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
While many have seen their wages stagnate, or even drop, this year the latest figures from the Australian Bureau Statistics (ABS) shows wages are up slightly from last year. "The September quarter is generally a quarter of solid wage growth, however ...

COVID-19 to remain dominant in 2021

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... however said the market sell-off seen at the start of this year proved diversification is not enough. "Politics and the coronavirus pandemic continue to be the dominant themes in markets; the resulting sell-off in the early days of the pandemic has reminded ...