Latest Market News

Oracle’s TikTok bid is under review: ASX to open lower

15 Sep 2020 - The ASX looks set to open lower this morning as US stocks closed higher on progress of a Covid-19 vaccine. AstraZeneca paused trials last week due to a potentially unexplained illness – today the UK will resume trials. Oracle surged 5% due to teaming with China's ByteDance to keep TikTok in the United States. Gold lifted on weakness of the American dollar. The price of crude slipped. Serko's (ASX:SKO) board chairman is standing down, succeeded...

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Overseas visitors continued decline – ABS: Aus shares close 0.8% lower

11 Sep 2020 - The Australian share market opened slightly higher and closed 0.8 per cent down at the end of trade. The Australian Bureau of Statistics has released annual overseas arrivals and departure figures for the month of July. Overseas visitor arrivals to Australia decreased 34.6 per cent month on month. Australian resident returns from overseas decreased 34.7 per cent month on month.

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Rio (ASX:RIO) exes depart over Aboriginal sacred site scandal: Aus shares 0.7% lower at noon

11 Sep 2020 - The Australian share market opened slightly higher but has lost ground during the first half of the session. Rio Tinto (ASX:RIO) executives embroiled in the Juukan Gorge blast scandal have fallen on their sword. Three executives resigned “by mutual agreement” after mounting community pressure and a board-led review of the destruction of Aboriginal sacred sites for a mine expansion.

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BHP to cut carbon emissions by 30% by FY2030: Aus shares to open lower

11 Sep 2020 - The pre-election political gridlock in the United States continues, as a new Republican stimulus package worth $US300 billion fails to advance through the Senate. Wall Street unwound early gains and ended in the red on broad-brushed profit taking. Mining giant BHP (ASX:BHP) has announced a target to reduce operational greenhouse gas emissions by at least 30 per cent by FY2030.

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