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Showing 681 - 690 of 732 results for "coronavirus"

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... November 2008 in the aftermath of the collapse of Lehman Bros. News that Tom Hanks and wife Rita tested positive for the coronavirus and Canadian prime minister Justin Trudeau and wife Sophie are in self-isolation - aside from earlier reports of that ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases of the ...

Stopping SG is nuclear response to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
Suggestions in response to the coronavirus pandemic that pausing superannuation contributions would stimulate the economy have been panned. Association of Superannuation Funds of Australia chief executive Martin Fahy was blunt in his assessment of the ...

Alternatives to lead the way: J.P. Morgan

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... "Central banks have become increasingly sensitive to markets and sentiment, as opposed to the economy. The shift of the coronavirus from localized epidemic to global pandemic saw a striking change in expectations for looser monetary policy, meaning higher ...

Westpac not evacuated, misinformation abounds

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
Following reports that Westpac's Sydney offices were evacuated due to a coronavirus scare, the bank has confirmed it is business as usual. The discovery of three Westpac employees at its Barangaroo offices with suspected cases of COVID-19 forced ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... Business conditions declined to 0 from +2 due to weaker trading conditions and profitability....and this was before the coronavirus turned into a worldwide coronaphobia. The extent of coronaphobia could be discern from the Westpac/Melbourne Institute's ...

Moody's to give free research

ELIZA BAVIN  |  WEDNESDAY, 11 MAR 2020
Moody's have announced it is offering free research and views on the credit and economic impact of the coronavirus. It has launched a dedicated website that will be updated on an ongoing basis, bringing together insights from across the company, providing ...

Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... "Australia's Central Bank cut interest rates and stated it will most likely further ease in order to make up for China's Coronavirus situation and slowdown. They reduced to 0.5%, a record low," he tweeted. "Other countries are doing the same ...

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... and regulations have become petty compared to the Italian government's latest move to prevent the spread of the coronavirus - a total lockdown. According to The Economist, the government announced "nationwide curbs on a wide range of events that ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... even more. The world is now drowning in a glut of crude oil that appears likely to persist for months. "Even if the coronavirus scare fades, excess supply from Saudi Arabia and Russia will persist... we will likely be looking at low oil prices for the ...