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Showing 1631 - 1640 of 6910 results for "Economy"

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... more than $8 billion back into the pockets of small businesses. "Small businesses are the most vulnerable part of the economy and present the most pressing need for assistance in the economy today," Bligh said. "This is a multi-billion dollar lifeline ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... acknowledged banks may need to deploy some of their current large capital buffers to facilitate lending to Australia's economy. Separately, Australia's government said it would buy A$15 billion of RMBS to facilitate small loans to consumers and ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... is a public health issue, the bank was compelled to step-in due to the "very major" impact the virus is having on the economy and financial systems. "As the virus has spread, countries have restricted the movement of people across borders and have implemented ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
... evolving needs of their clients, and the firm will continue working with them over the long-term to advance an inclusive economy." JP Morgan Chase has US$2.7 trillion in AUM and has operations globally. The US$50 million donation accounts for 0.002% ...

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
... from animal to humans, humans to other humans to entire households, households to businesses, businesses to the domestic economy, domestic economy to the global economy - to fully run its course. For sure and for certain, one way or another, the coronavirus ...

deVere launches global contactless advice offering

HARRISON WORLEY  |  WEDNESDAY, 18 MAR 2020
... adviser. deVere founder and chief executive Nigel Green said the world was changing "fast", and added that if the global economy fell into recession on the back of the coronavirus, it - and its subsequent recovery - would have "far-reaching consequences ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... likelihood of a negative first quarter 2020 for Australian GDP, the coronavirus guarantees a second quarter - putting the economy in a technical recession. Having said this, reports that China is starting to re-open for business offer a silver lining ...

Wall Street tumbles, ASX holds ground

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
... declines," Cielinski said. "Although we cannot predict what the u;ltimate impact of the outbreak will be on the global economy, we recognise that times of severe market stress always offer opportunities, and believe the value we can add as an active ...

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
... fiscal stimulus package, announced on Thursday last week, will soften the impact of the coronavirus on the Australian economy and help boost business and consumer confidence. However, KPMG's chief economist Brendan Rynne said COVID-19 will still ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... direct response to the impact of the coronavirus, and it said it will announce further policy measures to support the economy on Thursday this week. The RBA cut rates at its March meeting and it is not yet known whether another cut will be made at the ...