Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 1953 results for "Default"

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
OneVue is on track on complete the sale of dealer group Madison next month, the company said in quarterly update released this morning. OneVue took control of Madison Group in early February from Sargon Capital, as the ASX-listed companies tries to ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... 15-20% of Australia's GDP per year for the next two to three years. Anything less, they argue, will run the risk of a debt-default deflationary spiral as households and businesses, already leveraged with debt well before the COVID-19 crisis, struggle ...

Australians hate complexity, not annuities: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... appetite for annuities than people think and that account-based pensions may be the main product in the market simply by default or out of ignorance, rather than actual preference." When the researchers asked study participants to choose between two ...

Industry fund revalues unlisted assets

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... always classified unlisted property and unlisted infrastructure as 100% growth," Statewide said. "We've also named our default MySuper option simply "MySuper" for the accumulation version and "Growth" for our pension product. "For most of the time this ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... exchange-traded products, had been inflating asset prices, Burry argued, just as collateralised debt obligations (CDOs) and credit default swaps did to subprime mortgages prior to the GFC. "Like most bubbles, the longer it goes on, the worse the crash ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... as part of the 2020 half year results process. APRA's warnings come as ratings agency Fitch downgrades the Issuer Default Ratings (IDR) ratings of Australia's big four banks and their New Zealand subsidiaries from AA- to A+. Fitch said the new ...

Opportunities in fixed interest during crisis

ALLY SELBY  |  TUESDAY, 7 APR 2020
... come through with strong support for markets through this crisis and we're getting ahead of that," he said. "Equally, the default cycle will inevitably rise and as such certain industries and corporates will be downgraded, default and there will be permanent ...

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
... sank from US$0.80 to below US$60 during the Asian financial crisis in 1997, that was quickly followed by the Russian debt default and the collapse of Long-term Capital Management (LTCM) in 1998; it fell from around US$0.65 to US$0.49 during the US recession ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... ClearView. Late last week it was rated for the first time ever by credit rating issuer Fitch, picking up a long-term issuer default rating of BBB alongside a stable outlook. According to Fitch, both ClearView Wealth and the firm's operating subsidiary ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
The Dow Jones has recorded its shortest bear market in the index's history, as investors regain confidence in a market rife with volatility. The Dow experienced its strongest three days in nine decades after record weekly US jobless claims came ...