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Showing 41 - 50 of 216 results for "drought"

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... this morning. The first one is from Reuters (14 January 2020), "Australian economic outlook overshadowed by bushfires, drought: Reuters poll". According to the article: "Economists polled by Reuters forecast Australia's A$2 trillion ($1.4 trillion) ...

UK pension fund expands offering, climate risk policy

JAMIE WILLIAMSON  |  TUESDAY, 7 JAN 2020
... 100+. "The least ambitious end of the Paris Agreement was set at 2C - this will still significantly worsen the risk of drought, floods, extreme heat and poverty for hundreds of millions of people. Setting a 1.5C target is a stronger goal which we will ...

Super funds could boost returns by 59bps: Report

ELIZA BAVIN  |  TUESDAY, 12 NOV 2019
... director of research in Australia Raewyn Williams said this is akin to Australia's stewardship of water in the current drought crisis. "In drought-stricken Australia we can't predict when it will rain again, but our sense of stewardship means we control ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... compared to a 1.7% increase in the All Groups CPI. ASFA chief executive Martin Fahy said the increase demonstrated how the drought was starting to hit the hip pocket of retirees, with prices of everyday items jumping significantly. The cost of beef has ...

Another winter of Australian discontent

BENJAMIN ONG  |  WEDNESDAY, 23 OCT 2019
... 2019/20 winter crop season to 27.7 million tonnes (the smallest output since 2007/08) from the previous year's "already drought-diminished grain harvest and is 31 per cent below the five-year-average for Australia's winter crop". According to ...

Future Fund returns 1.9% for the quarter

KANIKA SOOD  |  MONDAY, 21 OCT 2019
... The $4 billion Education Investment Fund has a one-year return of 2.1% against benchmark 2% return. The $4 billon Future Drought Fund, which was transferred assets of the Building Australia Fund last month, is currently investing in line with the old ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... ASFA chief executive Martin Fahy. Food, in particular, has seen a significant rise in price due in no small part to the drought, with the price of bread up by 4.8%, beef by 6%, lamb by 13.5%, fruit by 4.9%, and vegetables by 6.2%. Petrol prices have ...

Suncorp pressured on coal

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
... The group said as insurers are exposed to the financial risks caused by the physical impacts of climate change such as drought, bushfire, storms and cyclones, Suncorp has more reason than most to act on the issue. Market Forces is claiming Suncorp has ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... vulnerable customers - those who are going through financial stress or hardship due to natural disasters, such as the drought in Queensland. It's imperative that we have a banking industry that is competitive, by global standards, yet compassionate ...

Rising costs outpace retiree savings

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
... comfortable and modest levels, in line with overall movement in the Consumer Price Index (CPI), which was mainly driven by the drought and associated increases in production costs. The price of vegetables (7.7%), poultry (2.9%), bread (1.8%) and fruit ...