Wall St up on $US2.3 trillion Fed backstop

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Wall Street has risen for the third time in four days as the US Federal Reserve rolled out a massive $US2.3 trillion program to bolster local governments and businesses, while energy stocks have jumped on an expected cut in oil production. In what is likely to be its largest rescue […]

Global stocks up on hopes pandemic at peak

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Global shares have risen on hopes the COVID-19 pandemic is nearing a peak and that governments will roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. European stock markets gained for a fourth straight day, with investor attention also […]

Foxtel Australian Pay-TV slashes jobs

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Australia’s pay-TV leader Foxtel has made 200 staff redundant, as it struggles to cope with the impact of coronavirus and the changing media landscape. It has also put 140 additional staff, mostly in its Fox Sports division, on leave until June. The company, 65 per cent owned by News Corp. […]

S&P: 1 in 3 chance of Aust downgrade

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Australia’s government has a one in three chance of losing its AAA credit rating from its virus spending, says the agency that flagged a negative outlook. Standard & Poor’s international public finance director Anthony Walker says the downgrading of the outlook on Wednesday acknowledged large increases in deficits in the […]

GFC reforms will help in virus crisis: RBA

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The COVID-19 pandemic is putting a major strain on the global financial system but reforms put in place after the 2008 global financial crisis are helping banks weather the storm, the Reserve Bank of Australia says. Banks have more capital, less liquidity and less complex business structures than before the […]

Auction clearance rates dive amid virus

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Clearance rates at Australian auctions have dived following the social constraints and uncertainty caused by the coronavirus pandemic, according to a major property data provider. Corelogic’s latest auction market review shows the clearance rate across combined capital cities was 62.5 per cent from 18,902 auctions in the three months to […]

5 Steps To Discover And Validate Your Startup Ideas

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Irrespective of how rewarding your full-time job may be, discovering the right side enterprise ideas and ultimately turning into totally self-employed is even more meaningful than great pay and solid benefits. When you’ve got experience writing grants or are willing to learn how to do it by practising your expertise with out […]