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Showing 1541 - 1550 of 6910 results for "Economy"

Opportunities abound in COVID-19 environment

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... months, on both the macroeconomic and market front." While a collapsing oil price may be seen as an indicator of the world economy in recession, it will actually be a positive for businesses as they begin to recover, he argued. "Interest rates will also ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... limited the issuance of pink slips. But even this isn't good enough. Treasurer Josh Frydenberg estimates that the economy will lose A$4 billion for every week restrictions remain. It's a tough choice - economic recovery or risking a second wave ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... loan repayments, he said, making the true scale of losses hard to quantify. With the cash rate at historic lows and the economy set for a period of protracted decline, the big four banks are set to face some major headwinds, Dring said. Even before the ...

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
... social restrictions implemented to contain COVID-19, we will continue to build on these encouraging April numbers as the economy slowly starts to recover," Lucas said. "Most of our customers have remained loyal to Raiz during these unprecedented times. ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... unprecedented project that will transform traditional Australian experiential tourism and reinvigorate the Far North Queensland economy," Handy said. "Mayfair 101's vision and planning for the Mayfair Tourism brand and Mission Beach is exceptional ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... which occurred due to changes in Lloyds Banking Group's reporting assumptions given the "expected deterioration in the UK economy" as a result of COVID-19. Lloyds' underlying profit was £558 million compared to more than £2.1 billion in the first quarter ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... bucket. Both the Fed and the Trump administration had been throwing money at the problem so it would go away. Still, the US economy contracted at a 4.8% annualised rate in the March 2020 quarter - before the mid-March isolation and "shelter in place" ...

Aussie analysts share COVID-19 investment tips

ALLY SELBY  |  THURSDAY, 30 APR 2020
... be a hero," he said. He argues investors have been ignoring warnings of economic downfall to push markets higher. "The economy is telling us one thing - GDP and unemployment are at their worst in history - but the market is happy to buy and is heading ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
... Schnell said. "This disconnect between what could be classified as a 'base case scenario' for the sectors and the economy as a whole, and the scenario implied by current pricing, is deeper and starker the more credit-intensive and complex the ...