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Showing 951 - 960 of 1757 results for "Covid"

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... underscored by the surge in the household savings ratio to 19.8% in the June 2020 quarter from 6.0% in the previous one. The same COVID-19 uncertainty has also prompted a 6.5% dropped in private business investment in the June quarter. The weakness in ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... down. This was a manufactured contraction in the economy that was a direct result of policy decisions to limit the spread of COVID-19." Aird said in a relative sense the Australian economy performed admirably over the first half of the year. He said ...

Future Fund posts negative year, cashes up

KANIKA SOOD  |  WEDNESDAY, 2 SEP 2020
... March end. This is the Future Fund's second year of negative returns in its 15-year life and comes against a backdrop of COVID-19 shutdowns. The last time was FY09 when it returned -5.1%. FY20 performance is significantly below the benchmark return of ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... decisions. "The need to apply a gender lens to policy making has become acute as the impact of the economic shock caused by COVID-19 has disproportionately affected women, through higher rates of unemployment and income loss, increased domestic demands ...

La Trobe launches new loan suite

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... launched a suite of a new loan products, which it says will help better meet shifting consumer needs in the wake of the COVID-19 pandemic. La Trobe has launched three new products: an Everyday Heroes Loan, a Bridging Loan and a several International ...

JobKeeper extension passed

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... provisions to allow a taxation officer to disclose information to another Australian government agency which relates to COVID-19. This will enable the ATO to share certain JobKeeper payment information with Commonwealth, state and territory government ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The big four banks are set to face the House of Representatives Economics Committee to discuss their response to the COVID-19 pandemic. Committee chair Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
... and extension to the TFF is in response to the ongoing protracted economic weakness and high uncertainty arising from the COVID-19 pandemic. By taking these actions the bank is further supporting the Australian economy through this difficult period". ...

Market rebound leaves behind active managers

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Even with the share market soaring back to pre-COVID-19 highs, active fund managers continue to struggle with performance and profitability, Deloitte analysis shows. Median revenue for asset managers that invest in publicly traded shares and bonds fell ...

NPS buffers COVID-19 shocks

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
South Korea's National Pension Service (NPS) has delivered positive results for its members despite the havoc wreaked by the global pandemic in the investing world. In the six months to June NPS posted 0.5%, buoyed by investments in global fixed ...

Editor's Choice

Former chief financial officer at Rest returns in new role

VINNY VUCAGO  |   11:16AM
Rest is welcoming back it's former chief financial officer as its inaugural chief commercial officer.

Macquarie chair provides 'cautious' outlook at AGM

ELIZA BAVIN  |   12:36PM
Macquarie Group has provided its first quarter update at its AGM, with outgoing chief executive Shemara Wikramanayake describing trading conditions as "satisfactory".

GDG delivers 36% jump in FUM

RIDDHIMA TALWANI  |   12:36PM
Generation Development Group has reported strong growth to the year ending June 30.

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |   12:30PM
The brother of Australian breakdancing Olympian 'Raygun' has been sentenced 12 months' imprisonment for his role in a global cryptocurrency scam.

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