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04 May 2020 • By Lachlan Maddock • 1 min read

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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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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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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Client redemptions, market drag Janus Henderson assets

The COVID-19 market downturn and net outflows saw Janus Henderson close its first quarter of the year with a fifth less in assets under management

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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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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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