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Showing 571 - 580 of 2161 results for "Extra"

Asset devaluation continues

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
Another industry super fund has reduced the value of its unlisted assets as the impact of the COVID-19 pandemic worsen. Hostplus has devalued assets within its property and infrastructure portfolios by a range of 7.5%-10% depending on the individual ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... portfolios move to cash, or buy equities which have fallen significantly since their February 21 peak, must now take an extra hit if they exit a fund. "Typically, the indicative net asset value is calculated at the midpoint of the bid (seller's price) ...

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
... find their wares more competitive in the world market (even with higher tariffs). Not only that, exporters would receive an extra boost from their foreign currency-denominated earnings when they're translated back into home money. There's more! ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... requests for early release of superannuation, while superannuation fund administrators like Link and Mercer will also shoulder extra work load. Treasury's estimate is that Australians will withdraw about $27 billion but Rice Warner believes the number ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
Prime Minister Scott Morrison today announced $130 billion of spending over the next six months to support the livelihoods of Australians who lose their jobs and income as a result of COVID-19. The government anticipates as many as six million Australians ...

Investors flock to TCorp floating rate note

HARRISON WORLEY  |  MONDAY, 30 MAR 2020
TCorp has increased issuance into its 2025 floating rate note, as investors seek shelter from the COVID-19 pandemic and its impact on financial markets. With the COVID-19 pandemic continuing to impact financial markets, New South Wales' $108 billion ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Federal Treasurer Josh Frydenberg has announced that all proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... combined with those announced in recent weeks, will mean up to $250 billion in loans can now be deferred for six months, with extra cash available to 425,000 businesses. During this period of uncertainty, banks have agreed to not enforce business loans ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... until these venues re-open (if they do)," she said. "I need the money to pay for childcare because being a single mum is extra hard with no support and the government supplement just isn't enough."

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... virus in Australia. Meanwhile, ANZ chief executive Shayne Elliot took to LinkedIn Live to say ANZ is hiring to meet the extra demand brought about by those experiencing financial hardship. The bank moved 150 staff to its hardship division and is hiring ...