Search ResultsShowing 1 - 10 of 100+ results for "Economics"
Wealth giants shrink advertising budgets
KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... have largely cut back on their advertising spends over the past five years, documents from the Standing Committee on Economics show. Colonial First State, which is currently facing two class actions, spent only $1.68 million on its campaigns for FY18/19 ...
Chief economist update: Fundamentally overvalued
BENJAMIN ONG  |  FRIDAY, 17 JAN 2020
"I see trees of green, red roses too..." Louis Armstrong's immortal classic played on my head as rain started pouring on this burning land - even did a rain dance in my backyard - and meteorologists forecast more to come that hopefully extinguishes ...
Chief economist update: Phase one deal signed, sealed and delivered
BENJAMIN ONG  |  THURSDAY, 16 JAN 2020
The highly anticipated US-China 'phase one' trade agreement has finally come to pass - signed, sealed and delivered on January 15. The deal involves China committing to buy at least an additional US$200 billion worth of US goods and services ...
BlackRock wakes up to climate change
ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... global leader in sustainable investing. Just six months ago a scathing report released by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed the fund manager lost more than $133 billion (US$90 billion) by investing in fossil fuel-dependent ...
Chief economist update: Bushfires singe growth, surplus predictions
BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
In between coughs on this smokey, hazy summer's day in Melbourne - yes, the bushfires are still raging and I can smell and taste the smoke as I write - two headlines caught my attention this morning. The first one is from Reuters (14 January 2020) ...
ASIC confirms SMSF negative returns
ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question ...
Chief economist update: A busy 2020 for Abe, BOJ
BENJAMIN ONG  |  TUESDAY, 14 JAN 2020
The world economy would advance by 2.5% this year, a tad stronger than the "post-crisis low" of 2.4% estimated for 2019. This is the World Bank's prediction contained in its January 2020 'Global Economic Prospects' report, noting that: "While ...
Chief economist update: Aussie Black Friday spend will end Saturday
BENJAMIN ONG  |  MONDAY, 13 JAN 2020
With the bushfire inferno still raging, Australia needs all the good news it could get ... and it's arrived. The All Ordinaries index surged by 0.7% to a new record high of 7041.9 points and the Australian dollar appreciated by 0.6% to US$0.6901 ...
IOOF identifies 67 high risk advisers
ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
Embattled wealth manager IOOF has told the House of Representatives Standing Committee on Economics that it has identified 67 "higher risk" financial advisers within its business. The number comes as IOOF fronts the committee to answer questions previously ...
Chief economist update: Brexit - the news that was
BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
"MPs voted to give third reading to the Withdrawal Agreement Bill (WAB) by 330 to 231 - a majority of 99 - which allows the bill to sail through to the House of Lords where peers will begin line by line scrutiny next week." This the latest news from ...
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