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Showing 391 - 400 of 3123 results for "Crisis"

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... future governments to hike taxes or cut the pension. "While the scheme helped get funds to people who needed them during the crisis, the limited checking of applications signals many in Canberra also viewed the scheme as a useful economic stimulus," ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... banks and their shareholders to increasing levels of climate risk, it's also undermining our chances of keeping the climate crisis under control." Commonwealth Bank came out unscathed allowing room for an ongoing shareholder resolution regarding climate ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... the solution," Duckett said. "The horror stories from the Royal Commission into aged care and from the COVID-19 aged care crisis have to stop." Duckett called for an increase in spending and an overhaul in regulation to fix the sector, but said the most ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... would have been in a recession (like many other countries including the US, Europe and Japan) during the global financial crisis had it not been for the double-digit growth in China (at the time) and its voracious appetite for our goods and services. ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... reduce the longer-term economic scarring. "Despite our success in cushioning the blow from COVID-19, we know that this crisis will have long-lasting effects on Australia's economy and on our fiscal position," Frydenberg said. "Our economy will be persistently ...

La Trobe completes half billion issuance

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
... unclear global investment environment. La Trobe Financial has remained open for business throughout the COVID-19 virus crisis and maintains substantial forward funding capacity alongside $488 million of shock absorber and regulatory capital." La Trobe ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... Action chief executive Gerard Brody agrees: "Leaving people with more debt they can afford is no way out of an economic crisis. Pushing too much credit that people can't afford to repay creates hardship, stress, anxiety for individuals and families." ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... price brought about by the large phony order. The practice was made illegal in the US in 2010, following the financial crisis. The settlement rumours come after two precious metals traders and one former trader in the New York office of the bank were ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... operated as "one big silo". The Hayne Royal Commission exposed retail funds acting in their best interest, while the COVID-19 crisis showed industry funds acting and furthering in their own self-interest, he said. The New South Wales Senator proposed ...

Liberman firm backs non-bank lender

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... from the Australian Office of Financial Management have helped immensely to fill the funding gap that was caused by the crisis. The role of technology enabled lenders, such as Lumi, as a competitor and driver of innovation and change in the lending market ...