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Showing 1591 - 1600 of 1758 results for "Covid"

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... the next few months," he said. "While the market is placing a high level of importance on the growth rate of the number of COVID-19 cases, the greater question is what the impact of suppression policies enacted by governments will be on the real economy ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
Latest Rice Warner analysis shows the COVID-19 crisis is hitting an already suffering life insurance industry, hard. To survive, the industry will need to change. New analysis from research house Rice Warner reveals the life insurance sector will be ...

1.5 metres to trigger real estate downfall

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... It comes a day after Prime Minister Scott Morrison announced a rent relief package for commercial tenants impacted by the COVID-19 pandemic. Investors are pricing in the impact of social distancing on REITs, Principal portfolio manager Janine Yoong said. ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
Australians working from home during the COVID-19 shutdown will now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

FPA launches benchmarking tool

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... tool would allow financial advisers to strengthen their systems and processes at a time when they need it most. "As the COVID-19 pandemic creates increasing volatility in financial markets and uncertainty among investors, financial planners need to ensure ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding superannuation funds, banks and insurers. In a letter to ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
The extraordinary COVID-19 stimulus package is in front of Parliament today, with what is expected to be a trillion dollar debt being scrutinised by politicians. Parliament met today to discuss the government's $130 billion JobKeeper payment, which ...

Fiducian grows adviser network

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... and community needs first". Fiducian said financial services are in high demand as anxious investors try to navigate the COVID-19 crisis, impacting not only millions of lives through health concerns but furthermore on the economic marketplace. "Since ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
Ho-hum. Financial markets widely expected the Reserve Bank of Australia's (RBA) decision to keep monetary policy settings unchanged at its April meeting especially so soon after announcing a comprehensive accommodation package the month before ...