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Showing 871 - 880 of 4001 results for "Cut"

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
The US is facing a COVID-19 triggered recession that will be the worst on record, according to Bank of America economists. It comes as about 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... crude oil prices. Brent crude oil prices slumped by 23.7% to US$34.54 following unexpected news that, instead of agreeing to cut oil production at their March 6 meeting, "OPEC+" talks collapsed due to Russia's dissent and Saudi Arabia announcing ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... experiment with mobile working has resulted in comparable levels of efficiency," he said. "It does not mean that companies will cut down on their office footprint drastically, but it is likely that there might be a stronger inclination towards shared ...

Self-isolation to accelerate secular trends

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
The world's new reality will soon be defined by social distancing and self-isolation. And while that might be sad for most of us, some stand to benefit incredibly from the new normal. Speaking with Financial Standard, Antipodes Partners chief investment ...

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
... reasons why the People's Bank of China (PBOC) and central command are not letting their guards down. The PBOC just recently cut its 7-day repo rate by 20 bps to 2.2% on 30 March and pledged to use multiple policy tools to maintain market liquidity. China's ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... Explaining how it anticipates the pandemic will impact Australia's super funds, the research firm said funds would be forced to cut costs as the asset-based fees or indirect costs charged to their investment portfolio fall. Making things even more ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... their clients. Despite the demand, cash management accounts have had a tough time over the last two years, as the central bank cut the official cash rate five times since January 2019. Earlier this month, Netwealth and HUB24 cut their cash rates to zero ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
In rough times it can seem beneficial to look back at past experiences and think 'If I got through that, I can get through this', but if you ask the fund managers and traders of the world, the consensus is this time does not compare to 1987 ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... burst of confidence generated with every cent of stimulus announced by the US Federal Reserve - from an inter-meeting 50 bps cut in the fed funds rate on March 3, followed by 100bps reduction on March 15 (that effectively took the target rate back to ...

TAL reviews life distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAR 2020
The major life insurer has confirmed several roles within its life insurance distribution team have been made redundant as a result of a restructure. A spokesperson for TAL has confirmed to Financial Standard that a recent review of its business units ...