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Showing 911 - 920 of 4240 results for "Job"

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
Multiplying rates of coronavirus infections forced the UK government to impose strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons on March 23. These restrictions were then gradually eased ...

Australian Business Growth Fund launches

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
The government backed Australian Business Growth Fund has launched, to be led by former JB Were chair Anthony Healy. Healy has been appointed the inaugural chief executive of the fund and Will Hodgman, former premier of Tasmania, has been appointed ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
The numbers may be better than market expectations but they still don't diminish the fact that Australia's labour market remains weak. The Australian Bureau of Statistics reported that the country's unemployment rate increased to 6.9% in ...

Keep spending and investing: Lowe

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... outcomes that are very uneven across the country," Lowe said. "This unevenness is especially evident in the labour market...The job losses have been largest for young people, with around 500,000 people under 35 losing their jobs in the early stages of ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
... cheaper loans adds money into the pockets of businesses, homeowners and consumers. Underlying all these are consumers' job prospects and... they've bounced. "The survey provides us with an insight into confidence in the labour market. There was ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
The Australian Prudential Regulation Authority is considering making changes to its MySuper Heatmap to reflect the reforms proposed by the government in the federal budget. Speaking at the Australian Institute of Superannuation Trustees Online Chair ...

Consortium eyes Link Group

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... financing. Link chief executive John McMurtrie is due to retire early 2021. QBE executive Vivek Bhatia will take over the top job. A recent AFR article alleges Bhatia fudged his resume, claiming to have worked as chief executive of Wesfarmers Insurance ...

Class launches new product

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
Self-managed super fund administration and software provider Class has launched an accounting and administration product for the growing number of discretionary and unit trusts. Class Trust is said to make the administration process easier for financial ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... hit by the pandemic like Hostplus and Cbus have paid out $2.9 billion and $2.1 billion respectively. Funds have done a good job keeping up with APRA's five business day limit to release the funds taking 3.3 business days on average. Additionally ...