Yearly Archives - 2020
08May

Federal cabinet plans to ease covid restrictions: Aus shares close 0.5% higher

08 May 2020 - The Australian share market ended the day 0.5% per cent higher after the Federal government announced a plan to have most of the economy reopened by July. Each phase will be separated by a cooling-off period, to allow health experts to observe the impact of the changes on infection risk. Treasurer Josh Frydenberg today announced that the reforms recommended by the Banking Royal Commission will be delayed by six months to allow the banks to...

Read more...
08May

News Corp (ASX:NWS) reports $1.1B impairment: ASX200 up 0.7%

08 May 2020 - The Australian share market opened higher and is now tracking 0.7 per cent higher at noon. The Real Estate Invest Trust sector is leading the charge. All of the sectors, except for Health Care are on the rise this morning. Media giant, News Corporation (ASX:NWS) has reported a net loss of around $1 billion for the third quarter, a far cry from the $23 million income we saw in the third quarter of 2019. The...

Read more...
08May

Vodafone (ASX:HTA)/ TPG (ASX:TPM) merger receives FIRB approval: Aus shares to open higher

08 May 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. Australia’s national cabinet will meet today to discuss a timetable for reopening parts of the economy following the covid-19 shut down. Vodafone Hutchison Australia has received the green light from the Foreign Investment Review Board to go ahead with its merger with TPG Telecom (ASX:TPM).

Read more...