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Daily Archives: March 13, 2020

Stocks claw back some ground a day after historic plunge

“We’re finally getting that a little late to the party, but it’s better to be late to the party then not to come to the party,” said Ryan Detrick, senior market strategist at LPL Financial. He said he the stimulus plan should help cushion the financial impact to people and …

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‘Not a lot of places to hide’: Volatility to grip markets as coronavirus spreads

Tracey McNaughton, the chief investment officer of wealth manager Escala Partners, said Wall Street’s volatility index (VIX), also known as the “fear index”, had spiked to its highest level since data was recorded. “Volatility is at levels we have never seen before and it is so high because there is …

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Shakedowns, blackmail and scams: Fraudsters quick to exploit soft spots in cashless economy

The jobs that fall to his teams are considered highly complex, catastrophic in impact, transnational or multi-agency. The schemes vary from the ingenious, where specific individuals are targeted and duped, to blanket phishing that involves bombarding thousands to hook a few. When you consider that less than 15 per cent …

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C’est la vie: Paris shows the world how to live

There’s a resonance here. Almost a hundred years ago, in 1925, Le Corbusier’s Plan Voisin for Paris showed how massive, cruciform tower blocks on gridded motorway-style streets could replace the intricate medieval patterning of inner Paris. Fortunately Plan Voisin was never realised in Paris, yet it became the 20th century’s …

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Investors embrace bricks and mortar amid global instability

It had been held in the same family for 70 years. The last building to change hands on the strip was an eight-level 1930s building at No. 123 which fetched just under $16 million in 2015 on a 2.75 per cent yield. City freehold is in high demand. Late last …

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Industrial in demand as funds flee secondary retail

Knight Frank notes the enthusiastic reception to recent capital raisings by the real estate investment trusts (REITs) such as Charter Hall Prime Industrial’s $725 million oversubscribed whip ‘round in October last year. “With industrial property in strong demand, major institutional players have responded by shifting the balance of their portfolios …

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Slippery slope: Oil price crash sends tremors across Australia’s energy sector

“These are unprecedented circumstances,” said Graeme Bethune of Australian consultancy EnergyQuest. “The dial has moved significantly.” On Monday, oil prices fell by as much as 30 per cent after Saudi Arabia started an all-out price war with Russia by cutting selling prices and pledging to bring greater oil supply into …

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Embarrassed, ridiculed and threatened: Alinta’s customers speak up

Loading The pressure is causing huge stress for some. “I felt embarrassed and ashamed and I didn’t want to speak to a financial counsellor because I could work it out but I knew I had better do what they said or my electricity would be cut off,” Ms McDonald said. …

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Footy fans distraught after AFL decides to play games behind closed doors

“I’ve got my banners ready to go, my outfit and Bulldogs wig. Come February you just want the footy back, you start counting the days. Maybe I can sneak in somehow and pretend I’m a staff member or something. “Bulldogs against Collingwood on a Friday night, it felt like building …

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Victorian trial adjourned after juror reports coronavirus symptoms

What will happen in the courts, including to jury trials and those in custody, is a complex issue confronting all jurisdictions trying to balance the administration of justice and human rights in a health crisis. Loading Though public advice from the Victorian courts remained the same, essentially that it was …

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