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Showing 501 - 510 of 732 results for "coronavirus"

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
... Originally reported by the Financial Times, the publisher said Gilead Sciences antiviral drug remdesivir did not reduce the coronavirus pathogen in bloodstreams, nor did it improve patients' conditions in a clinical trial in China. The biopharmaceutical ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
Switching custodians is one of the tasks being put on the back burner as the COVID-19 pandemic disrupts businesses and markets. The biggest custody businesses are experiencing delays in implementing new mandates, as volatility makes clients hesitant ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
The Australian Securities Exchange announced changes to the temporary lift in placement capacity from 15% to 25% and increased transparency rules. The ASX said the measures are conditional on entities either doing a follow-on accelerated pro rata entitlement ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
Bad timing it may be but, it is what it is. The coronavirus pandemic struck just when the dark clouds of Brexit uncertainty lifted over the United Kingdom. For the best part of three years, Brexit was on every Brits mind - dampening business investment ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... Lantern Advisory director James Cavanough said that compliance was a bigger challenge to his advisory business than the coronavirus pandemic. "Compliance is significant, fluid and every changing, where as COVID-19 will eventually pass," he said. "We ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... fine. But in situations like this, where there are going to be distinct winners and losers on the other side of the coronavirus, it boggles my mind that people would be happy to continue investing in indexed strategies." Passive investments, Goldberg ...

Has COVID-19 solved the advice problem?

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
With robo-advice yet to take off in Australia, and the cost of advice still too high for most people, has COVID-19 delivered the solution to the sector's problems on a silver platter? Shadforth's Terry Dillion certainly thinks so. Speaking to Financial ...

Please be aware of the nearest exit

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... expectations of investors, and require them to report any material risks," Gammel said. "If businesses are prepared to report coronavirus hasn't been material, then they will be required to justify it. "What we are seeing is a restructure of large sections ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
When the COVID-19 crash hit markets, super funds copped a massive blow, but why they were all invested in such a similar way is an issue that still needs addressing. The superannuation industry had been under increasing pressure to perform, at the very ...