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|The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics.|
|The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected.|
|BlackRock has emerged as the biggest winner of the US Federal Reserve's corporate bond buying program, with its ETFs making up around half of the central bank's purchases.|
|The Reserve Bank of Australia's (RBA) policy decision - to be announced this afternoon - will only confirm what everyone is expecting. RBA Governor Philip Lowe and his board will keep Australia's monetary policy settings unchanged.|
|With wage cuts across the country and wage rises likely off the table, a former senior public servant and academic has pressed the case for wage growth instead.|
|Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy.|
|RBA governor Philip Lowe has told the Senate Select Committee it's possible the economic downturn won't be as severe for Australia as previously thought, but there will still be a shadow cast by the pandemic.|
|The European Commission has proposed a major recovery plan, but the more fiscally responsible member nations aren't convinced they should have to bail out their more indebted neighbours.|
|Be wary that continued gains in the equity markets could be reversed if the easing of lockdown rules and social isolation measures brings about a second wave of infection.|
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BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic.
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Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses.
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At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism.
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Hamish Douglass' Magellan Financial Group has launched a listed active ETF fund in partnership with Airlie Funds Management, with promises of reducing friction and costs for investors.
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