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15 April 2020 • By Sarah Simpkins • 1 min read

Big four expected to slash dividends by at least half

Australia’s big four banks have been tipped to shave their dividends by at least half on last year’s levels, following APRA asking the major ...

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Markets ‘oblivious’ to threat of second outbreak

The CEO of one of the world’s largest financial consultancies says that markets are too optimistic and haven’t priced in a potential second wave of ...

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IMF sees ‘V-shaped’ recovery

The IMF predicts that Australia’s economy will bounce back sharply, but former prime minister Kevin Rudd believes the worst is yet to come

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AMP wealth earnings tipped to plunge

Analysts have indicated that they expect AMP’s wealth management business to represent a quarter of the group’s earnings over the medium term, down ...

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Pandemic gouges world’s biggest banks

The world’s largest banks have posted multibillion-dollar losses in what will come as a reality check for markets ahead of reporting season

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Former Treasury secretary dies, aged 79

Former Treasury secretary Ted Evans has been remembered as a highly respected economist after he died, aged 79, on Saturday morning. Mr Evans was ...

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OPEC ends price war

OPEC has agreed to production cuts that will put an end to the bitter price war that has wracked the global economy for weeks. The price war began ...

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Unemployment soars as virus pummels economy

Unemployment will rise steeply while the number of Australians seeking early access to their superannuation has nearly doubled. While the federal ...

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Westpac braces for billion-dollar hit

Australia’s most troubled bank is still counting the costs of the royal commission and regulatory enforcement, and the worst could be yet to come

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Boutique fundie cuts staff pay amid virus volatility

A boutique fund manager has slashed its employees’ pay after assessing its operation amid the COVID-19 pandemic, with its chief’s salary to be docked ...

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