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Showing 1491 - 1500 of 1758 results for "Covid"

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... chair Tim Wilson committing to grilling insurers on revelations from the Royal Commission, as well as issues raised by the COVID-19 pandemic. The grilling is part of the committee's ongoing review of the four major banks and other financial institutions. ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
... Institute for Policy Studies revealed the "pandemic profiteers" that have benefited from plummeting tax obligations amid the COVID-19 crisis. Amazon founder Jeff Bezos was one such billionaire, whose fortune increased by an estimated $39.3 billion (US$25 ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... The ATO encouraged defined benefit funds to make it clear to members whether they can or will release amounts under the COVID-19 ERS arrangements.

Markets react as antiviral drug disappoints

ALLY SELBY  |  FRIDAY, 24 APR 2020
News that a highly anticipated antiviral drug hoped to treat COVID-19 had flopped in human trials saw markets fall overnight. Originally reported by the Financial Times, the publisher said Gilead Sciences antiviral drug remdesivir did not reduce the ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
Switching custodians is one of the tasks being put on the back burner as the COVID-19 pandemic disrupts businesses and markets. The biggest custody businesses are experiencing delays in implementing new mandates, as volatility makes clients hesitant ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... also have to notify the ASX prior to any capital raise, even if it is needed urgently to address issues arising from the COVID-19 pandemic. In addition, companies will need to confidentially supply ASIC and the ASX a detailed allocation spreadsheet showing ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
... its latest report: "The response rate from members of the survey panel was not affected by shutdowns in place due to the COVID-19 outbreak." As BOE policymaker John Vlieghe warns, the UK is in for "an economic contraction that is faster and deeper than ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
Regulatory and compliance burden is a bigger challenge and disruption for financial advisers than COVID-19, the global pandemic that has ripped both economies and lives to shreds. In an interview with Financial Standard, Investment Trends research director ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
Late last year, before extreme weather events battered the world, before COVID-19, The Big Short 's Michael Burry said he had found the next bubble: passive investments. Now, with asset prices trembling in the face of the pandemic, could there still ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... in the wake of an oversupply. On Monday, May WTI futures contracts slipped into negative territory for the first time, as COVID-19 shutdowns continue to bog down demand and traders run out of space to store oil. It's not only Australian investors ...