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Coronavirus News

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
One of Australia's big banks has cracked down on "debt vultures" - businesses or individuals that claim to assist those struggling with debt but actually rake in big fees.

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
Industry Super Australia (ISA) claims 27% of Queenslanders with a super account have accessed the Early Release of Super (ERS) scheme; the highest proportion in the nation.

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
The price of gold has now soared to a new high of US$1,964.05/ounce and sparking speculations for a break above the US$2000 mark.

Investment strategies need to change: GSFM

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
A number of factors have contributed to the current economic uncertainty, and investment strategies need to adapt to the 'new normal', according to GSFM and its fund manager partners Payden & Rygel, Munro Partners and Redpoint Investment Management.

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
The difference between Australia and China, my friends, is there are no selfish, stupid "Karens" in China. It's been criticised as aggressive and draconian, but China's response to COVID-19 continues to bear dividends.

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
At the Financial Services Council Life Insurance Summit Senator Jane Hume has said "fake news" about consumers losing life insurance due to the early release of super has irritated her.

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system.

Chief economist update: Second wave comes to Japan

BENJAMIN ONG  |  MONDAY, 27 JUL 2020
Australia is currently in the midst of it, now the second wave looks like it's hit Japan.

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
Treasurer Josh Frydenberg has announced the country's biggest ever peace-time budget deficit as the economic effects of COVID-19 are realised.

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
At the end of the day, it's the coronavirus - its death or spread - that will dictate what happens next.