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Showing 641 - 650 of 732 results for "coronavirus"

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... survival payments that will last only a few months. WSJ touched on a similar dynamic, noting that until the spread of the coronavirus is contained, the economic damage will persist." How quickly the coronavirus is murdered is the key. As US Fed chair ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...

No evidence of fear-driven withdrawals so far: Fiducian

ALLY SELBY  |  THURSDAY, 26 MAR 2020
ASX-listed wealth and advice business Fiducian has assured its shareholders that none of its investors or superannuation members have been disadvantaged so far amid the COVID-19 pandemic. Work is currently ongoing for the acquisition of new financial ...

COVID-19 uncertainty sees AMP withdraw guidance

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... financial services giant joins a string of other listed companies that have withdrawn their FY2020 guidance due to the coronavirus, including Dexus Group, Link Group, Credit Corp, Mirvac and more.

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The newly launched superannuation fund targeting the self-employed, GigSuper, has warned its members about the downside of accessing super early if they are left unemployed as a result of COVID-19. ASFA research shows that 20% of self-employed people ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The world's largest asset manager has instituted a global hiring freeze amid the COVID-19 pandemic. "Right now, we are focused on serving our clients and making sure our people are safe, supported and productive as possible," a spokesperson for ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... stimulus bill, which will provide financial assistance to unemployed Americans and distressed industries impacted by the coronavirus. The stimulus package reportedly includes US$500 billion to fund industries impacted by COVID-19, US$350 billion in small ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... doomed! Well, it all depends on whether the US Treasury and the Fed's largesse - needless to say, a cure for the coronavirus is discovered soon - are able to revive confidence, making the spike in unemployment claims a short-term phenomenon rather ...

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... 6% higher, while the Dow climbed up 11% in Tuesday's trading as the United States moved closer to a US $2 trillion coronavirus rescue package, even though it remains to be seen if the gains can be sustained. During the trough of the GFC super funds averaged ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
... was still opportunities for growth. "Every economic downturn creates a new normal. The one being triggered by the coronavirus pandemic will be the same," he said. "The COVID-19 impact has hit firms across the world - there's been immense international ...