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11 May 2020 • By Lachlan Maddock • 1 min read

Budget blowout runs to billions

Australia won’t be back in black for years as the Morrison government’s stimulus packages leave a deficit running into the hundreds of billions

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Clime in acquisition talks for wealth group

Clime Investment Management has confirmed it is bidding for a wealth manager that was previously held by embattled fintech group Sargon Capital

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Business confidence plummets

Business confidence has fallen to a second consecutive monthly low, but the easing of restrictions could see optimism return. According to Roy ...

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Suncorp suffers as bank CEO jumps ship

Suncorp isn’t alone in suffering massive impairment costs, but the sudden departure of a key executive and massive underpayment of workers could ...

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Sovereign wealth fund picks chief

Future Fund has promoted its chief investment officer as its new boss. Dr Raphael Arndt has become the sovereign wealth fund’s new chief executive, ...

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QSuper decides against escalating AFCA case

Industry superannuation fund QSuper expressed concern the court decision to dismiss its appeal against the financial complaints authority has created ...

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Macquarie profit drained by COVID-19, dividend halved

Macquarie Group has halved its full-year dividend after it saw the coronavirus crisis eat away at its profit, with the company warning of further ...

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Royal Commission commitments delayed

The “significant impacts” of the COVID-19 outbreak mean the implementation of the Royal Commission commitments has been put on the backburner

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Shareholders launch first strike at AMP

The majority of voting shareholders protested AMP’s executive pay at its annual meeting, as its chairman disparaged the two-strike rule

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Future Super gets new co-founder

A fossil-free super fund has promoted its chief operations officer to the position of co-founder. Kirstin Hunter will be responsible for Future ...

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