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Showing 71 - 80 of 2917 results for "Overnight"

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic. deVere Group founder and chief executive Nigel Green said ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
... the spreading COVID-19 pandemic. It comes as the World Health Organisation reports 786 new coronavirus-related deaths overnight, bringing the total death count to 7807. Currently, there are 191,127 people infected by the virus. Australia's death ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... depreciation in times of trouble - the AFR reports: "The Australian dollar has fallen to its lowest level in 17-years overnight, dropping below US60c for the first time since 2003". But this time is different. The equilibrium-setting mechanism offered ...

Wall Street tumbles, ASX holds ground

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
... been taking a battering since the coronavirus outbreak left the shores of China, with the S&P 500 falling another 12% overnight. A sharp cut in interest rates, stricter quarantine enforcements around the globe and a change of tone from US President Donald ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
The RBA has signaled it will begin quantitative easing after the US Federal Reserve implemented QE measures overnight and slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... look, there's gloom and... there's doom. Financial markets are running scared - the VIX index jumped by 40% overnight to a reading of 75.47 - the highest since the 80.86 reading way back in November 2008 in the aftermath of the collapse of Lehman ...

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

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... buying sentiment locally. At the time of writing, the S&P/ASX 200 regained some of these losses, trading down 0.61%. Overnight in the US, the New York Stock Exchange triggered a temporary trading halt after stocks plunged 7% at the open. It was the first ...

Major firms criticised for substandard RI approach

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
... and long-term expertise in this field." Van Hassel said expertise in sustainability "is not something you can build overnight" but noted it was important that other asset managers were joining in. "We won't be able to solve big problems like climate ...

GAM profits fall 92%, management team overhauled

JAMIE WILLIAMSON  |  FRIDAY, 21 FEB 2020
... management team after what was a tumultuous year for the beleaguered Swiss manager. Announcing its full-year 2019 results overnight, GAM Holding AG's profits have fallen 92% year on year to come in at $16 million (CHF 10.5 million), down from $194 ...