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04 May 2020 • By Lachlan Maddock • 1 min read

Chinese tech giant buys stake in Aussie fintech

A Chinese tech conglomerate has become a substantial holder in one of Australia’s most famous fintechs. Tencent has bought a 5 per cent equity ...

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Unemployment could already be higher than 15%

New research shows that unemployment could be worse than official estimates, while job ads saw their worst month since the GFC. Roy Morgan found ...

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Cash rate movements uncertain amid pandemic

Close to nine in 10 economists have said they do not think international travel will restart until next year, with many being unsure amid the ...

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‘A once-in-a-lifetime event’

Australia’s most troubled bank has revealed plummeting profits amid a shake-up in its wealth business and ongoing negotiations with the financial ...

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APRA reveals first early super data

APRA has revealed key data on the early super release scheme and vowed to take action on funds that don’t toe the line. Super trustees have now ...

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Big four bank takes billion dollar hit, announces dividend decision

Another of Australia’s big four banks has revealed the true cost of the coronavirus to its bottom line and announced its decision on dividends

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Early super numbers spike

The Prime Minister has revealed the latest rise in early super numbers.  There have now been 950,000 applications to access superannuation, worth ...

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Super funds tipped to hoard cash, earn less after early release

Liquidity concerns around the early super release scheme will cause superannuation funds to hold more cash and earn less in future, an actuary has ...

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Early super payouts tick over $7bn, as claims near $8bn

Superannuation funds have been estimated to have made around 855,000 individual payments for the early release by Thursday, totalling at around $7

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Markets look to recovery, ignoring damage done

With one of the worst ever quarters in the rear view, markets are pricing in “light at the end of the tunnel”. But that could be a mistake. Markets ...

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