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Stimulus to be extended

09 July 2020 • By Lachlan Maddock • 1 min read

Stimulus to be extended amid second wave havoc

The Prime Minister has flagged another round of stimulus measures ahead of September’s “fiscal cliff” as Victoria’s second wave threatens the recovery

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APRA extends crisis loan deferrals for banks

The prudential regulator has paved the way for banks to give customers an extra four months’ repayment holiday on their loans, extending its temporary ...

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Markets in the eye of the storm as second wave rises

Investors have likely not seen the worst of the COVID market sell-off, with the second wave impacts of the virus tipped to drive worse declines if ...

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RBA makes July rate call

The RBA has announced its latest decision on interest rates as September’s “fiscal cliff” looms large. The RBA has kept rates on hold at their ...

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Afterpay soars on COVID boost

Afterpay has reported surging growth and record global sales performance as its share price continues to stage a massive comeback from the dark days ...

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Economy held together by ‘lots of sticky tape’

Australia may have already seen the worst of its recession, but will suffer from a “toxic trio” of debt, high unemployment and low confidence for ...

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Virus crisis pushes 1m out of work

More than a million Australians have lost their jobs since the start of the coronavirus crisis and 10 per cent of the labour force are working less ...

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ISA blasts early super wipeout

ISA has warned that the early release scheme will surpass government forecasts and leave a generation “languishing” on the pension scheme after almost ...

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Compensation firm slams AMP’s ‘arrogance’

A major compensation law firm has slammed AMP for claiming class actions against it are the fault of Australia’s litigation system, saying the ...

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IPO Wealth set for liquidation

The “tourism mecca” may be no more as IPO Wealth has had liquidators appointed following a bloody court battle. Mayfair 101’s IPO Wealth declared ...

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