Finance and Coffee: Friday Wrap

Friday Wrap 30th October 2020

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-News for the week that was in Finance-


Covid News

  • -Great news for VIC
  • -NSW not so much
  • -Covid Supplement to extend well into 2021?


    • ATO 

    • $120m clawed back Jobkeeper Payments from ineligible clients


      • ABS data on consumer prices 

      • Inflation has increased 1.6%


        • Carbon Neutral Targets 

        • Coal and natural gas purchases in Australia in danger as overseas governments adopt this stance.


          • ANZ has also announced a carbon neutral plan 

          • No assistance to finance coal and thermal plants 
          • No longer providing services to businesses whose rev (10%) is made up of coal / thermal. 
          • ANZ policy also applies to the construction of large scale office buildings - where loans will only be provided if they had a 5 star energy rating.


            • Wine exports has increased by 4% - despite all the rumours


            Banking news

            • ANZ - $500m cash profit hit
            • NAB - Staff underpaid hits profits
            • ABL - Board of ABL takes a paycut


              • And more!

              ...more
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