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economic update

23 July 2020 • By Lachlan Maddock • 1 min read

Frydenberg reveals 'eye watering' economic update

The Treasurer has detailed the damage to the economy as unemployment soars and the deficit swells to its highest level since the end of WWII

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Shaw and Partners hires energy, mining analyst

Shaw and Partners has hired a former Evans and Partners energy and mining analyst to its research team. Michael Clark has joined Shaw Partners as ...

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Six Park appoints partnerships lead, shifts B2B business

Online investment service Six Park has recruited a former AustralianSuper education development manager to its management team as the company ...

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Yarra nabs former CFSGAM boss

Yarra Capital has appointed the former CEO of Colonial First State Global Asset Management to its board. Mark Lazberger will step into the role of ...

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Westpac appoints new insto chief

The bank has poached a former Deutsche chief executive to replace outgoing boss Lyn Cobley. Anthony Miller will step into the role of chief ...

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APRA to issue new dividend directions for banks

APRA is set to update its guidance asking the banks to freeze dividends next week, with the regulator’s chair stating his body will be acting to avoid ...

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ASIC concedes to Westpac responsible lending ruling

ASIC has indicated it will not appeal to the High Court on the infamous “red wine and Wagyu steak” responsible lending case against Westpac, after it ...

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240,000 businesses to collapse

Economists are warning that 10 per cent of Australian businesses face financial ruin as JobKeeper and loan deferrals end in September. Analysis by ...

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IPOs halve amid COVID meltdown

The number of Australian initial public offerings in the first half of 2020 halved year-on-year, according to a new report, with a number of companies ...

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Government needs to think bigger if it wants super investment

HESTA has warned that the government’s climate plans will need to be more ambitious if it wants super funds to bring their investments home

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