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Showing 201 - 210 of 757 results for "Corona"

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
The Australian economy fell 7% in the June quarter, spelling two consecutive quarters of economic contraction, officially marking the nation's first recession since 1991. The release of national accounts confirmed the Australian economy has experienced ...

JobKeeper extension passed

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The government's JobKeeper extension has been passed through parliament, prolonging the payments through till March 2021 and tapering the amount from December 2020. A new split system will replace the flat $1500 fortnightly payment with those who work ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The big four banks are set to face the House of Representatives Economics Committee to discuss their response to the COVID-19 pandemic. Committee chair Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding ...

NPS buffers COVID-19 shocks

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
South Korea's National Pension Service (NPS) has delivered positive results for its members despite the havoc wreaked by the global pandemic in the investing world. In the six months to June NPS posted 0.5%, buoyed by investments in global fixed ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
Financial markets view the A$ as a risk currency - it's sold off in times of heightened uncertainty - and has a high growth beta - only bought in times of global prosperity. So Virginia, how do we explain the rise and rise of the Australian dollar ...

ERS withdrawals surpass $32bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Retirement savings withdrawals have surpasses $32 billion since the introduction of the government's Early Release of Super (ERS) scheme. Over the week to August 23, 59,000 applications were received by funds of which 35,000 were initial applications ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
Australian private new capital expenditure (capex) usually commands attention before and during its release for it provides an indication of domestic firms' optimism towards future growth as well as, itself, being a driving component of that growth. ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
"If the mountain will not come to Muhammad, then Muhammad must go to the mountain." True to its legend, the Jackson Hole symposium - online as it may be this year due to the pandemic - produced another significant shift in US monetary policy. On August ...

COVID-19 may delay retirement: WTW

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
A new report from Willis Towers Watson suggests the effects of COVID-19 could delay a person's retirement by as much as eight years. WTW said a range of factors caused by the COVID-19 pandemic mean superannuation fund members may need to keep working ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
The long-run rise in household indebtedness has increased concerns about the risks this poses globally to banking sectors and economies more broadly, according to the Reserve Bank of Australia. In a new paper titled How Risky is Australian Household ...