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01 May 2020 • By Lachlan Maddock • 1 min read

Tech giants feel COVID sting

The tech stocks that have been driving the market rally were down as companies reported flat earnings growth and massive COVID-19 spends

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US GDP drops to decade low

US GDP fell by almost 5 per cent in the worst slide since the GFC, but the worst is yet to come. GDP fell 4.8 per cent as nationwide lockdowns saw ...

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Study finds greater demand for annuities than expected

Research has found there would be greater demand for annuities from customers than previously believed by industry and government professionals

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Macquarie, Westpac, AMP hold highest paid ASX directors

Financial services giants Macquarie, Westpac and AMP have all been named among the companies employing Australia’s highest remunerated board directors

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IOOF paying out $200m in early release claims

IOOF has confirmed it has received more than 28,500 requests for early release of superannuation, totalling around $200 million, while its service ...

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Big four could lose $30bn

The “team Australia” mantra could see loan deferral payments for businesses and mortgagees take billions off the banks’ bottom line

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Fed ‘needs to be bolder’

The Federal Reserve has signalled it will prop up markets indefinitely until it is confident the American economy has weathered COVID-19, but some ...

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As countries reopen, risks remain

The global recovery is now underway, but a number of key risks threaten to derail it. While suppression and social distancing measures have been a ...

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Nikko portfolio manager to front fixed income

Nikko Asset Management Australia has promoted one of its portfolio managers to lead its Australian fixed income division. Darren Langer has become ...

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Flexstone appoints secondary investments head

Global private investments firm Flexstone Partners has expanded its senior team with the hiring of a new head of secondary investments. The Natixis ...

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