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10Jun

All time highs for big tech companies: ASX poised to open lower

10 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. Stocks regained US$21 trillion in value from a March low. The Nasdaq hit a new record with Facebook, Apple, Amazon and Microsoft all hit new all-time highs yesterday. Oil jumped as fuel demand recovers from April’s collapse. Meridian Energy (ASX:MEZ) are pleased to see a decision has been made by the Electricity Authority on the Transmission Pricing Methodology Guidelines...

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10Jun

Market surpasses 6000-point level: ASX closed 2.4% higher

09 Jun 2020 - The ASX rose at the open and managed to close 2.4% higher. The banks gave the market a boost today. Virgin Money UK (ASX:VUK) and Credit Corp Group (ASX:CCP) shares did well today. Shares in Gold Road Resources (ASX:GOR) fell today. The aussie dollar stalled on its rally and the iron ore price is up almost 5%. Comet Ridge (ASX:COI) announced that the Mahalo Gas Project (MGP) has been granted Queensland State Government environmental approval...

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10Jun

Business conditions rise in May: ASX tracking 2.4% higher at noon

09 Jun 2020 - The ASX shot up at the open and is now tracking almost 2.4 per cent higher at noon. The banks are boosting the market today. The NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) all rose up over 6%.The aussie dollar continues to rally and the iron ore price is up almost 5%. Oil Search (ASX:OSH) has obtained an interim injunction from the National Court of Papua New Guinea, allowing trading to commence on the PNGX.

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09Jun

Market surpasses 6000-point level: ASX closed 2.4% higher

09 Jun 2020 - The ASX rose at the open and managed to close 2.4% higher. The banks gave the market a boost today. Virgin Money UK (ASX:VUK) and Credit Corp Group (ASX:CCP) shares did well today. Shares in Gold Road Resources (ASX:GOR) fell today. The aussie dollar stalled on its rally and the iron ore price is up almost 5%. Comet Ridge (ASX:COI) announced that the Mahalo Gas Project (MGP) has been granted Queensland State Government environmental approval...

Read more...
09Jun

Business conditions rise in May: ASX tracking 2.4% higher at noon

09 Jun 2020 - The ASX shot up at the open and is now tracking almost 2.4 per cent higher at noon. The banks are boosting the market today. The NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) all rose up over 6%.The aussie dollar continues to rally and the iron ore price is up almost 5%. Oil Search (ASX:OSH) has obtained an interim injunction from the National Court of Papua New Guinea, allowing trading to commence on the PNGX.

Read more...
09Jun

AUD leaps up over 70 US cents: ASX poised to open higher

09 Jun 2020 - Following an extended rally from US markets overnight, the ASX looks set to open higher this morning. The Nasdaq rose to a record high, and Boeing Co. led gains in the Dow Jones Industrial Average. Oil prices pared gains yesterday, despite OPEC and its allies announcing that production cuts of 9.6 million barrels per day across the group would continue throughout July as the coronavirus pandemic continues to weigh on demand. The AUD leapt up...

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09Jun

Tower (ASX:TWR) voluntarily refunds $7.2M: ASX secures 6th week of gains

05 Jun 2020 - The Australian share market made a comeback this afternoon to finish 0.1 per cent higher today, falling just short of the 6,000 point level. The market was buoyed by a strong performance from the Financials sector. New Zealand Insurance Company, Tower (ASX:TWR) is refunding customers to the tune of $7.2 million due to the lower cost of car claims during the covid lock down period.

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09Jun

FIRB approval for Avita (ASX:AVH) US move: Aus shares 0.3% lower at noon

05 Jun 2020 - The Australian share market is off to a weak start following mixed leads from Wall Street. It has been a see-saw morning in early trade with the ASX200 down 0.3 per cent at noon. Regenerative medicine company, Avita Medical (ASX:AVH) has received Foreign Investment Review Board approval to redomicile the company and its subsidiaries from Australia to the US.

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05Jun

Tower (ASX:TWR) voluntarily refunds $7.2M: ASX secures 6th week of gains

05 Jun 2020 - The Australian share market made a comeback this afternoon to finish 0.1 per cent higher today, falling just short of the 6,000 point level. The market was buoyed by a strong performance from the Financials sector. New Zealand Insurance Company, Tower (ASX:TWR) is refunding customers to the tune of $7.2 million due to the lower cost of car claims during the covid lock down period.

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05Jun

FIRB approval for Avita (ASX:AVH) US move: Aus shares 0.3% lower at noon

05 Jun 2020 - The Australian share market is off to a weak start following mixed leads from Wall Street. It has been a see-saw morning in early trade with the ASX200 down 0.3 per cent at noon. Regenerative medicine company, Avita Medical (ASX:AVH) has received Foreign Investment Review Board approval to redomicile the company and its subsidiaries from Australia to the US.

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