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14 April 2020 • By Lachlan Maddock • 1 min read

Unemployment soars as virus pummels economy

Unemployment will rise steeply while the number of Australians seeking early access to their superannuation has nearly doubled. While the federal ...

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Westpac braces for billion-dollar hit

Australia’s most troubled bank is still counting the costs of the royal commission and regulatory enforcement, and the worst could be yet to come

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Boutique fundie cuts staff pay amid virus volatility

A boutique fund manager has slashed its employees’ pay after assessing its operation amid the COVID-19 pandemic, with its chief’s salary to be docked ...

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Consumers looking to financial providers for support amid crisis

Almost two-thirds of consumers have said that the COVID-19 crisis has already directly impacted their financial position, according to a new study, ...

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Global trade takes monster hit

Global trade has fallen more than 4 per cent this quarter and is set to extend that loss as the coronavirus ravages supply chains. Businesses with ...

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Dividend expectations ‘too high’

Dividend expectations will be subject to “significant” downgrades as the reality of the coronavirus crisis hits home.          Dividend cuts or ...

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Coronavirus fallout drags big four ratings

Fitch Ratings has downgraded its long-term ratings of the big four banks and their New Zealand subsidiaries, with the agency anticipating they’ll be ...

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Australia could lose AAA rating

Australia’s credit outlook has been downgraded from “stable” to “negative” by one of the world’s pre-eminent ratings houses – and its AAA rating could ...

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BOQ defers dividend

BOQ will defer its interim dividend payment until the economic outlook becomes clearer – and other banks could follow. BOQ will defer the decision ...

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Raised fixed income spreads come under fire

A fundie has called out other investment managers for raising their sell spreads on fixed income products, in lieu of preparing for the coronavirus ...

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