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Coronavirus News

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
Japan may have imposed less stringent coronavirus containment measures relative to its peers but even this didn't stop its economy from contracting big time, for the third consecutive quarter.

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA.

Chief economist update: Communists' party

BENJAMIN ONG  |  WEDNESDAY, 26 AUG 2020
The post-pandemic pool party at Wuhan Maya Beach Water Park that went viral on August 17 garnered negative - "a slap in the face to the rest of the world" - and positive - fruit of its hard lockdown, responses.

Evans & Partners explore open-ended funds

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
Evans and Partners have announced a potential change to open-ended funds for its Global Disruption Fund and its Global Flagship Fund.

Vision Super revises investment strategy

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
Vision Super has revised its investment strategy as a result of significant changes in the economic and fixed interest environment.

Chief economist update: Comeback COVID

BENJAMIN ONG  |  TUESDAY, 25 AUG 2020
COVID-19 has well and truly made a comeback, especially in the Eurozone, and it's hitting economic activity hard.

COVID-19 dampens CFO outlook

KARREN VERGARA  |  MONDAY, 24 AUG 2020
The global pandemic has left the majority of chief financial officers feeling pessimistic about the financial profitability of their companies, a new Deloitte survey finds. But many see a silver lining amid the doom and gloom.

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Over $31.6 billion has been removed from superannuation since the start of the Early Release of Superannuation (ERS) scheme, but applications appear to be slowing down.

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
Give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime. RBA governor Philip Lowe may as well have said this when appearing before the Standing Committee on Economics.

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
Suncorp has reported an 8% drop in funds under administration for its wealth business, as it posted a 6.8% fall in ongoing operations for FY20 as a result of COVID-19.