Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1431 - 1440 of 1758 results for "Covid"

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Treasurer Josh Frydenberg has revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus ...

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... scheme shaved $4 million from Raiz Invest's superannuation offering, as members drew down on their savings to weather the COVID-19 crisis. Funds under management in Raiz Invest Super fell 6.7% over the past three months, however, it was up 0.3% in the ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... plans to develop a tourism attraction at Dunk Island and a luxury hotel and apartment building in Venice, Italy despite COVID-19 throttling the tourism industry. Despite action from ASIC limiting its promotion of some products and a global pandemic limiting ...

TCorp funding hits $10bn since late March

ALLY SELBY  |  MONDAY, 4 MAY 2020
... last week at $450 million and also increased its 30-year Eurobond to €190 million. Amid the market turmoil sparked by the COVID-19 pandemic, TCorp has explored various funding activities to continue to meet the public sector's needs in the state. ...

Charter Hall kicks off $115m raise

ALLY SELBY  |  MONDAY, 4 MAY 2020
... largest ASX-listed real estate investment trust has kicked off a $115 million equity raising to weather the impacts of the COVID-19 pandemic. Charter Hall Social Infrastructure (ASX: CQE) will undertake a fully underwritten institutional placement to ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19. Funds have paid a total of 162,879 early release applications so far out of 665,310 requests according to APRA, with ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... This is due in part to an impairment charge of $2.2 billion, including $1.9 billion to account for the potential impact of COVID-19 and other costs associated with the ongoing AUSTRAC matter, for which it has provisioned $900 million for a possible penalty. ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... had received 45,700 applications from its members to access their superannuation early as permitted by government's COVID response legislation. It has totaled $384.8 million so far, which Fok said is lower than what it expected. Superannuation funds ...

Industry fund adds to executive leadership

HARRISON WORLEY  |  FRIDAY, 1 MAY 2020
... earlier this year. Separately, the fund recently revalued its unlisted assets as a result of the market volatility caused by COVID-19. In an investment update to members, Statewide said it made the decision on the back of advice from external valuers ...