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Showing 61 - 70 of 490 results for %22May 27 record close%22

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

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... locked down or operating with limitations, the rising rate of unemployment - from 5.2% in March to 6.4% in April to 7.1% in May - doesn't surprise. In fact, according to the Australian Bureau of Statistics (ABS): "Had the increase in the number of ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... tax time. "We know many of our clients and their agents will have questions about how different types of income and expenses may affect their obligations this year. We're helping to make sure people know how to get it right," she said. "This tax time ...

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
... side of the equation. Businesses are also none too enthusiastic. The latest Commonwealth Bank Flash Composite PMI survey for May indicated continued decline in business activity despite gradual easing of social restrictions during the month. The composite ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... and consumer saving patterns will likely be altered irreversibly, he said. "Individuals fortunate enough to remain employed, may seek to boost their savings after having had their finances severely stretched," Alankar said. "As John Maynard Keynes reflected ...

Compliance crackdown, consultations on horizon: ASX

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... delighted to say that those measures have been very successful." Since the beginning of March through to the first week of May, the ASX has helped raise $19 billion in capital for listed companies across about 80 raisings, he said. Of those 80 raisings ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... interested in short-term gains are doing well at the moment; it's a traders market," D'Amato said. "Longer-term investors may take comfort in the fact that volatility is here for a while. If you are tempted to get in, only drip feed money in ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... conduct one-month and three-month repo operations to provide liquidity. Australia's bank regulator, APRA, acknowledged banks may need to deploy some of their current large capital buffers to facilitate lending to Australia's economy. Separately ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... AustralianSuper's results are based on cumulative returns, which is only an indication of returns, pointing out individual returns may vary. However it isn't all good news for CFS members. Those invested in the firm's FirstChoice Wholesale ...

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

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... said. Meanwhile, JP Morgan Asset Management global market strategist Kerry Craig believes Australia's ties with China may actually prove positive in the long term. "Australia is going to feel the pain as much as the next country, but its relationship ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... Street's reaction to the Fed's decision -- Dow down 3.0%, S&P 500 down 2.8%, Nasdaq down 3%, Russell 2000 down 2.1% -- may give other central banks (especially those that have already ran out of interest rate ammo like the BOJ and the ECB) expecting ...