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Showing 311 - 320 of 1722 results for "unemployment"

Multi-boutique warns of fourth quarter reckoning

ALLY SELBY  |  MONDAY, 18 MAY 2020
... "Household caution would likely remain elevated for an even more prolonged period, and business failures and surging unemployment would be inevitable. "In that worst-case scenario, even the most monstrous policy stimulus could not support continued equity ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... "Tell him he's dreaming!" The Australian Bureau of Statistics' (ABS) report showing that the country's unemployment rose from 5.2% in March to ONLY 6.2% in April surely is a pleasant dream considering the nightmarish backdrop of the long ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... when eligibility falls away at 66," Chester said. "There is nothing fair about selling insurance with involuntary unemployment cover to an unemployed worker. "These sales practices were systemic and through ASIC's work, hundreds of thousands of consumers ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... of South Australia, Tasmania, the Northern Territory and the ACT," Frydenberg said. "Treasury is forecasting the unemployment rate to reach around 10%, or 1.4 million unemployed, in the June quarter." The five percentage point increase in the unemployment ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... Statistics (BLS) released actual non-farm payrolls numbers, underscoring the bother Uncle Sam finds itself in. The US unemployment rate soared to 14.7% in April -- its highest level on record - from 4.4% in the previous month (reality) and, mind you ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... It'll be better in 2021. The BOE's illustrative scenario forecast UK GDP to rebound by 15% in 2021 and the unemployment rate to decline slightly to 7%. Then again, it acknowledges that the risks remain "skewed to the downside", declaring "it ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... Pension - have received a significant increase of inquiries from frontline workers and their employers in the case of unemployment or death following the COVID-19 outbreak. "Some funds received up to a 136% increase in members making contact about their ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... 2020 and by around 6 per cent over the year as a whole. This is followed by a bounce-back of 6% next year." "...the unemployment rate peaks at around 10% over coming months and is still above 7% at the end of next year." "In the March quarter just passed ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... determined, he said. "Not all of the bank's customers will recover from this crisis - driven by the surge in unemployment and reduced consumption - and the banks will be further tested on the trust equation based on how they work through defaulted ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... that for every extra week the current restrictions remain in place, the Australian economy will lose $4 billion. Unemployment is also expected to double, to 10%, in the June quarter marking the highest unemployment rate in over two decades. "If these ...

Editor's Choice

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI
The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA
Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA
ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI
KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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