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Showing 741 - 750 of 4001 results for "Cut"

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... and is the sharpest since the March 2016 quarter - one of the factors that prompted the Reserve Bank of Australia (RBA) to cut the official cash rate from 2.0% to 1.75% in April and then again to 1.5% in August of the same year. Eighteen months on -- ...

Evans Dixon reports $30.5m loss

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
The firm posted a statutory loss of $30.5 million for a year that included job cuts, leadership changes and troubles with its American real estate fund. Evans Dixon's net revenue for FY20 was down 10% to $191.8 million, which it attributed to softer ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... particularly wealthy retirees. "An additional factor underpinning this result is that there is a limit to how much households can cut back on consumption in response to wealth shocks," it said. The central bank said the consequences of household indebtedness ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... Although, "the pandemic has forced the BOJ to be more mindful of the risk of banking-sector problems, which means it can't cut interest rates easily" and "...the BOJ has already detached its policy from its 2% inflation target, which means it won't ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... from venture capitalists, litigation funders and investors, with claimants to receive 70% of any settlement and funders a 30% cut. The law firm will absorb the costs if the case is unsuccessful. Companies doing business in Australia which engage in anti-trust ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... the SG increase to 12%, abolishing the $450 per month earnings threshold for payment of SG, and adopt a six-step plan to "cut red tape" and improve productivity in the super sector. Additionally, ASFA said the industry needs to work on reinforcing public ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19. It also reported that its revenue had lifted 37% compared to the previous financial year, to hit ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... administration fee would increase from the 0.29% that will be charged in September to 0.73% in December. However, Macquarie will cut the cash investment fee of 0.44% when it introduces that increase. Macquarie used to manage the money held in cash accounts ...

COVID-19 dampens CFO outlook

KARREN VERGARA  |  MONDAY, 24 AUG 2020
The global pandemic has left the majority of chief financial officers feeling pessimistic about the financial profitability of their companies, a new Deloitte survey finds. But many see a silver lining amid the doom and gloom. More than half (58%) of ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
... said in general, the firm has been pleasantly surprised by dividends so far. "While there was a fear that all companies might cut their pay-out ratios, that hasn't happened across the board, with many companies paying higher dividends than expected," ...