Market expectations forecast company earnings will be down roughly 20 per cent with the mining sector leading the charge due to skyrocketing iron ore prices.
AMP Capital’s Shane Oliver told Sky News he expects dividends to be cut by about 40 per cent. “It’s not just banking, it’s companies outside banking which will likely cut dividends,” he said. Image: Getty
❗️10.5 per cent or almost six Sydney Harbours of Australia's water foreign owned ❗️China now the single biggest foreign owner of Australian water at 1.9 per cent ❗️Farmers struggling to afford water due to hiked up prices by overseas buyers
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Victoria's AAA credit rating at significant risk | Sky News AustraliaThere is a 50-50 chance Victoria will lose its coveted AAA credit rating due to the economic fallout from the coronavirus, according to Standard & Poor’s Anthony Walker.\n\nS&P has placed Victoria's AAA on “CreditWatch with negative implication” after the Andrews government moved to a state-of-disaster due to a surge in COVID-19 cases in the state.\n\nLarge swathes of businesses have been forced to shut down for at least six weeks as the state tries to stem the tide of novel coronavirus cases.\n\n“What we are saying now is a significant chance, a 50-50 chance, in the next few months we may lower the Victorian rating,' Mr Walker told Sky News.\n\nMr Walker highlighted that the initial assessment of the state’s credit has been elevated since Premier Daniel Andrews announced stricter stage four lockdowns.\n\n“In May we had a negative outlook on Victoria, what we are saying now is a 50-50 chance and that is directly because of the latest lockdown,” Mr Walker said.\n\n“This was not factored into our case in May, we thought by this stage we would be opening the economy.\n\n“That’s all been unwound as of Sunday’s decision.”\n Dan Andrews doesn’t care. He’s got China bailing him out! So is the rest of the world.....big deal So maybe it will and maybe it won’t 😂 what sort of headline is this?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Chegg CEO says COVID-19 is helping to drive students towards online learning | Sky News AustraliaThe CEO of e-learning resource Chegg says a large part of his company’s recent success is due to students around the world turning to alternative methods of learning as COVID-19 shuts down traditional campuses.\n\nChegg is projecting revenue between $605 million to $615 million in 2020 as more students turn to online learning to supplement traditional methods.\n\nUniversities across the world have been forced to shut down or offer online courses only due to safety procedures implemented to slow the spread of COVID-19.\n\nChegg CEO Dan Rosensweig told Sky News the company is now looking to accelerate into new markets, including Australia.\n\n“When you look at the largest English speaking countries, which is Canada, Australia and the UK, Canada is our second largest market outside the US and Australia is just after that,' he said.\n\n“Our plans in Australia are to localise the content… we are looking for an increasing amount of content that is relevant to the Australian market in particular, because it is such a good market.”\n Chegg Well isn’t he intelligent 🤦🏼♂️ a kindergarten child could tell you this but that wouldn’t be news worthy. Chegg Chegg We are concerned about the reports of multiple planes landing with Chinese Citizenship, and the Draconian Lockdown of Residents. Everyone knows masks don't work and limiting people's access to the outdoors is abuse.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
The Left ‘only want eradication for the virus’, not for obvious bushfire hazards | Sky News AustraliaSky News host Paul Murray says according to the Left in Australia the eradication strategy only applies to coronavirus not to bushfires.\n\nIt comes as key recommendations out of the Bushfire Royal Commission found that funding increases to hazard reduction burns are needed, as well as greater prescribed burns close to vulnerable towns, and greater investment in land management.\n\n“The inquiry has confirmed we need to clear our land,” Mr Murray said.\n\n“Eradication apparently only for the virus, not eradication when it comes to something like bushfires.”\n\nImage: Getty What even is this left. It's a manifestation of his syphilitic brain. How do you eradicate bushfires? Seriously stupid comment. This is a very logical and normal thing to say.
Source: SkyNewsAust - 🏆 7. / 78 Read more »