Author - Craig Foley

Banks rise on plans to soften responsible lending laws: Aus shares 1.4% higher at noon

25 Sep 2020 - The Australian share market has advanced in early trade. All of the sectors are up, with Financials leading the charge following news that the Federal Government is looking to do a backflip and wind back responsible lending laws. BGH Capital’s subsidiary which is set to purchase Village Roadshow (ASX:VRL) may not have to pay the cinema uplift of $0.08 per share.

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Gold Road (ASX:GOR) suffers production interruption: Aus shares set to edge higher

25 Sep 2020 - Australian shares are set for a modest rise at the open following wild swings on Wall Street overnight as investors weigh the odds of further potential government stimulus. US Federal Reserve Bank Chairman, Jerome Powell testified in a hearing before the Senate Banking Committee this week. He noted that as households chew through the remainder of their government stimulus and employment benefits there is a risk they will “have to cut back on spending and...

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All the sectors in the red: ASX closes 0.8% lower

24 Sep 2020 - It has been a negative day of trade for the ASX. After a drop at the open, the local bourse closed 0.8% lower. Shares in Avita Therapeutics (ASX:AVH) fell over 7%, Ramelius Resources (ASX:RMS) followed close behind. As for the sectors today, they all closed in the red with industrials leading the pack. The Westpac Group (ASX:WBC) has reached an agreement with AUSTRAC and resolved to pay a $1.3 billion fine for breaching anti-laundering laws.

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Household wealth recovers in June quarter: ASX tracking 1.1% lower at noon

24 Sep 2020 - The ASX fell at the open and is now tracking 1.1% lower at noon. Westpac (ASX:WBC) shares were down this morning after agreeing to pay a $1.3 billion fine for its failure to adhere to money laundering laws. Shares in Challenger (ASX:CGF) rose today and shares in Avita Therapeutics (ASX:AVH) dropped. Altura Mining (ASX:AJM) is pleased to advise of continued production and shipping from the Altura Lithium Project.

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