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Showing 501 - 510 of 757 results for "Corona"

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
The Bank of Japan (BOJ) added another monetary policy term to our vocabulary at its March 2020 meeting - Enhancement of Monetary Easing - as it tries to limit the economic fallout from the coronavirus. It had the same label for its expanded policy initiative ...

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
The big four bank has flagged its 1H20 results will likely include an impairment charge of more than $2.2 billion - more than half of which is attributed to COVID-19. Announcing the expected charge this morning, Westpac said the $2.238 billion impairment ...

Bitcoin bonanza amid COVID-19 crisis

ALLY SELBY  |  MONDAY, 27 APR 2020
The investment world's underdog has seen a surge in interest since it hit rock bottom in March, outperforming the US market indices by a mile. Bitcoin, which started the year rising from US$7500 to US$10,5O0, fell just as badly as every other asset ...

No golden ticket for super funds

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
March provided evidence that superannuation funds won't be able to guild returns through investments in gold, according to Parametric. Parametric managing director of research Raewyn Williams said investments in gold failed to provide a safe haven from ...

VIC, TAS lead Australia: CommSec

ELIZA BAVIN  |  MONDAY, 27 APR 2020
Victoria remains Australia's strongest performing economy, but it now shares top spot with Tasmania, according to the latest CommSec State of the States report. The latest CommSec economic rankings revealed how the state and territory economies were ...

Businesses urged to apply for JobKeeper

ELIZA BAVIN  |  MONDAY, 27 APR 2020
The Australian Small Business and Family Enterprise ombudsman Kate Carnell is concerned that many small businesses may not be applying for the JobKeeper scheme. Carnell said there is a concern from many small business owners that they cannot afford ...

COVID-19 will bite into credit ratings

BENJAMIN ONG  |  MONDAY, 27 APR 2020
Nothing focuses the mind as the choice between life and death. This choice has been thrust onto Planet Earth's population by the coronavirus pandemic. So much so, that men, women and children of the world are giving up - willingly or grudgingly ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
The big bank has entered a trading halt as it looks to raise $3.5 billion to sustain the business throughout the COVID-19 downturn which has so far seen the interim dividend more than halved and the NAB leadership team take pay cuts. Releasing its 1H ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
Since the beginning of the year, America's wealthiest billionaires have seen their wealth increase by millions, with eight seeing their net worth surge by more than US$1 billion dollars. The latest research from the Institute for Policy Studies revealed ...

Markets react as antiviral drug disappoints

ALLY SELBY  |  FRIDAY, 24 APR 2020
News that a highly anticipated antiviral drug hoped to treat COVID-19 had flopped in human trials saw markets fall overnight. Originally reported by the Financial Times, the publisher said Gilead Sciences antiviral drug remdesivir did not reduce the ...