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Showing 961 - 970 of 6513 results for "News"

Opportunities and threats amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 2 APR 2020
The spread of COVID-19 has seen a dramatic turn in the global economy; where earlier this year growth was almost tangibly real, now a downward trajectory towards deep recession seems much more likely. But one asset manager believes there is both opportunity ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Commonwealth Bank chief Matt Comyn said the bank is anticipating a 10% contraction of GDP in the March quarter, doubling his prediction from last week. Last week Comyn had predicted a 5-6% impact on the economy but said he revised his prediction due ...

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
All good things must come to an end and this 'Lucky Country's' luck appears to have ran out after enjoying 28 years and a bit without an economic recession. Australia has survived economic and financial market upheavals over the past three ...

Multi-asset results mixed in COVID-19 sell-off

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
Although all men may be created equal, multi-asset strategies are most certainly not, with returns from balanced, growth, moderate and flexible strategies producing wildly different outcomes during the COVID-19 sell-off. In its latest report, Morningstar ...

Extended lockdown could spur worst recession on record: Grattan

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
A six-month lockdown could spur Australia's worst recession since the Second World War, if not the Great Depression, according to the Grattan Institute's Brendan Coates. In an op-ed for The Conversation, the Institute's household finances program director ...

MLC waives licensee fees, delays dealer group transitions

JAMIE WILLIAMSON  |  WEDNESDAY, 1 APR 2020
... clients consider their adviser to be their number one source of information on the financial impact of COVID-19, ahead of news and media and the government.

ASX suffers worst quarter in over a century

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
The ASX suffered the worst quarter in over 100 years, but is putting the past behind it to rebound at the open today. Both the S&P/ASX 200 and the S&P/NZX 50 portfolio completed their worst monthly and quarterly declines this century, sliding 21% and ...

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
... reports that China hasn't recorded any domestically-transmitted cases of the coronavirus for several days running aren't good news enough, the latest purchasing managers' survey from the National Bureau of Statistics(NBS) provides an early indication ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
The government's $130 billion JobKeeper stimulus package saw the ASX soar 7% in its best session in 40 years. But are we witnessing a market recovery, or just a dead cat bounce? Today, the Aussie bourse followed a strong session in the US overnight ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... a timely manner," Hume said. "I don't think that sounds unreasonable. "Neither do most Australians, who have met the news that they can access their own savings for this unforeseen crisis with relief." Hostplus responded positively to the decision ...