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13 February 2020 • By Lachlan Maddock • 1 min read

OPEC downgrades oil demand

OPEC has drastically lowered its forecast for oil demand, with the coronavirus outbreak weighing heavily on its outlook.  OPEC has slashed its ...

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NAB profits sluggish, MLC sale delayed

NAB has reported subdued Q1 profits and pushed out the sale of MLC Wealth due to a “challenging” business environment.  The bank’s Q1 update saw ...

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Coronavirus to hit supply chains: Verisk Maplecroft

The disruption to global supply chains caused by the coronavirus outbreak could last until 2020 Q3 as new cases climb again, according to Verisk ...

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AMP facing advice class action

Shine Lawyers has signaled that it is set to file a class action against AMP Life and AMP Financial Planning over the distribution of life insurance ...

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CBA weighing ways out of CFS

CBA has revealed that it is in the process of considering its options to exit Colonial First State, while its shares have risen to close to its ...

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Horizon suspends CEO

Horizon Oil has suspended its CEO and appointed an independent investigator amid claims the company bribed PNG officials in the course of an ...

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Corona a ‘transitory event’: JP Morgan

JP Morgan is looking past the impacts of the coronavirus and forecasting a rebound for later in the year, buoyed by strong consumer spending and ...

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Challenger shares spike despite weakened NPAT

Challenger’s share price has peaked at its highest amount in the past 12 months following release of the wealth group’s half-year results, despite its ...

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Macquarie warns full-year profit to drop

Macquarie Group has indicated its result for the full year will be down on the previous year’s profit of $2.9 billion. The company released its ...

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US pins Equifax breach on China

The US Department of Justice has charged four Chinese military personnel with breaking into the computer systems of credit reporting agency Equifax ...

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