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Showing 751 - 760 of 1326 results for "Pandemic"

Challenger shareholders revolt against remuneration

KANIKA SOOD | FRIDAY, 30 OCT 2020

... reported $416 million in statutory net loss for the year, as its investments fell by $750 million during the COVID-19 pandemic. Normalised NPAT was down 14% to $344 million - after deducting for investment experience of $750 million and the $9 million ...

Wages will not rise from SG cut: ISA

ELIZA BAVIN | FRIDAY, 30 OCT 2020

... pocketed the lost super and workers' total remuneration also went backwards. The economic downturn caused by the COVID-19 pandemic makes wage rises less likely and given the circumstances workers should not also miss out on preparing for retirement. ...

Westpac extends chief executive's contract

ANNABELLE DICKSON | FRIDAY, 30 OCT 2020

... contract terms remain unchanged. Chair John McFarlane said King has made significant contributions to the bank through the pandemic and the AUSTRAC matter. "His strategy reset is already driving fundamental change to how the company operates with clearer ...

Chief economist update: Not out of the woods

BENJAMIN ONG | FRIDAY, 30 OCT 2020

... unconvinced. Fed chair Jerome Powell thinks there's still a long way to go before the economy fully recovers from the pandemic. Fed governor Lael Brainard believes the US recovery remains uncertain and uneven. The Feds have a point. Just looking ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON | THURSDAY, 29 OCT 2020

ANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's ...

ASX delays CHESS replacement again

KARREN VERGARA | WEDNESDAY, 28 OCT 2020

... following industry consultation. Many stakeholders the ASX consulted have raised concerns about the lingering impact of the pandemic and their ability to cope with trading volumes. Many are requesting more testing. Early March 2020 saw an "unprecedented ...

Carlyle buys into Calastone, ups Link bid

KARREN VERGARA | TUESDAY, 27 OCT 2020

... rejected the proposal because it did not reflect the significant value of PEXA, which has boomed since the onset of the pandemic. PEXA is a digital property settlement solution co-owned by Link, Commonwealth Bank and Lightyear Investments. Link is in ...

Remote exams offered to Melbourne advisers

KARREN VERGARA | FRIDAY, 23 OCT 2020

... continue to be offered to advisers in regional Victoria. "This measure is being taken in light of the evolving COVID-19 pandemic situation in Victoria and in the interests of all involved with the exam," the authority said. Further, exam administrator ...

ASIC to curb huge CFD losses

KARREN VERGARA | FRIDAY, 23 OCT 2020

... losses sustained by retail clients trading in highly leveraged CFDs and ongoing market volatility during the COVID-19 pandemic highlight the need for stronger CFD protections in the product intervention order," she said.

NAB adds to wealth client remediation

ANNABELLE DICKSON | FRIDAY, 23 OCT 2020

... remediation to exceed $15 million. In addition, the bank has plans to consolidate its Melbourne office space as a result of the pandemic with more staff working from home. The remediation provisions and impairment charge is set to reduce its common equity ...

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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