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Showing 1651 - 1660 of 8418 results for "Big"

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... Pandemic, crisis, unprecedented; these are some of the terms that have been filling up our newsfeeds, but is this really such a big deal? Everyone has heard the phrase 'don't let the solution be worse than the cause' and many people think this is worth ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
... services. The next on the list are mining, construction, professional services, banking and finance. "The next hardest hits are big mostly because these industries are big," he said. "Mining is still open, but its incomes are set to fall $5 billion short ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... 1H20 compared to last year as it defers its interim dividend awaiting greater clarity of the impact COVID-19 will have. The big bank's half-year results show a statutory profit after tax of $1.55 billion, down 51% on the prior corresponding period. ...

Platinum funds downgraded at Morningstar

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
Two funds from Platinum Asset Management were downgraded to bronze at Morningstar yesterday. The funds downgraded are the $8.5 billion Platinum International Fund and its P class, and the $39 million Platinum Global Fund. The biggest, the Platinum International ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... large-scale fiscal stimulus, they argued, having one of the lowest net debt to GDP ratios in the developed world. "If stimulus is big enough to be successful, financial markets will understand that debt issued by the Commonwealth will ultimately be backed ...

Pandemic puts pressure on ETF spreads

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
The spreads on many exchange-traded products were wider than usual amid the COVID-19 market crash, with price discovery becoming increasingly more difficult. That's according to ETF Securities co-head of sales Kanish Chugh, who pointed to global equity ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... more than in the GFC & the largest decline since our data starts from 1999," Stoltz said. NAB was the first of Australia's big banks to slash its dividend in its half year results, as well as announcing a $3.5 billion capital raise.

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
The big four bank has flagged its 1H20 results will likely include an impairment charge of more than $2.2 billion - more than half of which is attributed to COVID-19. Announcing the expected charge this morning, Westpac said the $2.238 billion impairment ...

ANZ accused of exploiting staff

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
The Finance Sector Union has accused ANZ of exploiting staff in an effort to pad out its results, with the big bank hitting back. An FSU spokesperson said the union had received "hundreds" of complaints after ANZ asked all staff to take their accrued ...

No golden ticket for super funds

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
March provided evidence that superannuation funds won't be able to guild returns through investments in gold, according to Parametric. Parametric managing director of research Raewyn Williams said investments in gold failed to provide a safe haven from ...