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| | | ... September 11 attacks of the same year; and, it dropped from US$0.91 to US$0.62 at the onset of the GFC in 2007- when most major economies went into a Great Recession. The coronavirus crisis has so far taken the A$/US$ exchange rate to as low as US$0.5821 ... |
| | | | Melbourne private equity firm BGH Capital and the Ontario Teachers' Pension Plan have shelved the proposed acquisition of an Australia New Zealand dental practice chain as COVID-19 shutdowns impact the latter's operations. Abano Healthcare Group ... |
| | | | ... coronavirus," van de Pol said. "As much as the coronavirus is at the front of everyone's minds, we can't let the other major crisis the world is facing at the moment take a back seat." |
| | | | ... while it is positive that the world isn't headed to depression, the economic numbers will continue to deteriorate while major shutdowns are occurring." Similarly, Strawman.com founder Andrew Page said the road ahead is still uncertain. "No one knows ... |
| | | | ... although due to COVID-19 the dates are not set in stone. "Since the election the committee has held hearings with the four major banks, the smaller banks and the superannuation sector. It has not held them with the insurance and financial advice sectors," ... |
| | | | The chief executive of the nation's largest super fund has written to members reassuring them that their super will be safer staying with the fund. AustralianSuper chief executive Ian Silk said during this unprecedented time, members should refrain ... |
| | | | The Full Federal Court has confirmed the directors of Storm Financial Group breached their duties as directors, dismissing their appeal of ASIC's 2016 decision. The determination wraps up an appeal against the regulator's original decision by ... |
| | | | ... countries work together they can protect people and limit the economic damage. This is a moment for solidarity-which was a major theme of the meeting today," Georgieva said. "The outlook for global growth for 2020 it is negative-a recession at least ... |
| | | | ... needs. "These are very tough times for Australians, in particular - but not limited to - those who've never experienced a major market downturn, and those nearing or in retirement," he said. "This leads to next-level responsibility for financial ... |
| | | | ... the bourse surging 11.4% or 2112.98 points during trading, on hopes of a $3.4 trillion COVID-19 stimulus package. Other major US indexes posted mixed gains and losses overnight, with the S&P 500 rising a further 1.2% and the Nasdaq Composite falling ... |
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