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Coronavirus updates: Brazil jumps to second highest number of infections

A surging coronavirus is ravaging parts of Latin America, setting records for cases and deaths Friday in some countries in the world’s most unequal region even as the pandemic’s march slows in much of Europe, Asia and the United States. Latin America’s two largest nations – Mexico and Brazil – reported record numbers of infections […]

How to make money in the pandemic

The Australian share market is delicately poised, leaving some investment experts believing now is the time to buy up stocks and reap the benefits of a looming snapback in prices. The ASX200 has had a remarkable few months as the coronavirus pandemic ground the economy to a halt. It is in the rare position of […]

Financial regulator APRA given just 24 hours to advise on early super access

Australia’s financial regulator has revealed it was given less than 24 hours to provide advice on the first draft of the Morrison government’s early super access scheme. Under intense grilling from Labor senator Kristina Keneally in a Senate committee hearing on Thursday, APRA deputy chair Helen Rowell admitted the government gave it a “same day” […]

ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up

More Australians will likely turn to high-risk payday loans when the government’s coronavirus stimulus measures run out in September, Australia’s corporate regulator has warned. But consumer advocates believe a surge in payday borrowers could prompt thousands of Australians to enter catastrophic ‘debt spirals’ and they urged the Coalition to avoid the so-called ‘cliff’. ASIC commissioner […]

Why investors are lining up for a piece of the Virgin action

As many as five bidders are duking it out for ownership of long-suffering airline Virgin, despite its pre-coronavirus financial struggles. The nation’s second-largest carrier was placed into administration in April following the introduction of travel restrictions designed to curb the spread of the coronavirus. But Virgin Australia had been struggling long before the pandemic grounded […]