Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

RBA eases concerns about rising housing prices: Aus shares trading 0.3% lower at noon

09 Apr 2021 - Falls in consumer staples and energy drove the Australian sharemarket downwards in the early hours of trade. The RBA has eased concerns about rising housing prices, c…

Electro Optic Systems (ASX:EOS) invents new solution to space pollution

09 Apr 2021 - Space and defense innovator Electro Optic Systems (ASX:EOS) has invented a ground-breaking means to combat space pollution and solve the space debris conundrum.

Air New Zealand (ASX:AIZ) postpones capital raising after increasing Crown loan facility

09 Apr 2021 - Air New Zealand has postponed the deadline for its equity raising by 3 months to June 30.

CSL (ASX:CSL) committed to AstraZeneca COVID-19 Vaccine

09 Apr 2021 - CSL (AX:CSL) has reiterated its commitment to the contract terms with the Australian Government and AstraZeneca (AZ) to produce 51 million AZ coronavirus doses.

Federal Reserve to maintain easy policy: Aus shares to open flat

09 Apr 2021 - Australian shares are set for a steady start despite strong gains in markets around the world, sparked by the US Federal Reserve’s accommodative minutes. The news enc…

Coventry Group (ASX:CYG) acquires Tasman-based hydraulic equipment provider

09 Apr 2021 - Industrial solutions provider Coventry Group (ASX:CYG) has sealed a deal to acquire Fluid Power Services (FPS) for $2.1 million.

Morgan Stanley slashes Afterpay (ASX:APT) price target for second time

08 Apr 2021 - Morgan Stanley has slashed the price target for Afterpay (ASX:APT) by 6.3 per cent to $149.

Vitalharvest (ASX:VTH) shares propelled by bidding war

08 Apr 2021 - Investment firm Roc Partners has stepped upped its bidding game for agricultural real estate manager Vitalharvest (ASX:VTH), offering $1.16 per share.

Worley (ASX:WOR) inks deal to build Phillips 66 renewable fuel factory

08 Apr 2021 - Engineering service provider Worley (ASX:WOR) has inked a deal with US Energy producer Phillips 66 to reconfigure a San Francisco refinery into a renewable fuels-manu…

Western Areas (ASX:WSA) reports 20% increase in nickel mined

08 Apr 2021 - Nickel producer Western Areas (ASX:WSA) has reported a 20 per cent increase in nickel production from the previous quarter.

ASIC prosecutes Westpac (ASX:WBC) for misleading 384 customers

08 Apr 2021 - The Australian Securities & Investments Commission (ASIC) has today taken legal action against banking giant Respect (ASX:WBC), on allegations of misleading conduct a…

Piedmont (ASX:PLL) increases North Carolina lithium output estimate

08 Apr 2021 - Tesla’s lithium supplier Piedmont (ASX:PLL) has bumped up the company’s estimate of mineral deposits at the North Carolina mining site.

CBA served with $7m penalty: Aus shares close 0.6% higher

07 Apr 2021 - CBA served with $7m penalty: Aus shares close 0.6% higher. The Australian sharemarket’s rally decelerated just before midday, but picked up pace again to finish the t…

Imugene (ASX:IMU) to proceed to final dose cohort for lung cancer treatment

07 Apr 2021 - $620 million cancer treatment provider Imugene (ASX:IMU) has announced that an independent team of researchers have certified that lung cancer drug PD1-Vaxx is safe f…

DroneShield (AX:DRO) receives $1.1 million order from a Five Eyes government

07 Apr 2021 - UAS (unmanned aerial systems) technology developer DroneShield (ASX:DRO) has secured another government contract to provide drone security solutions to one of the Fiv…

Ramsay Health Care (ASX:RHC) to commit personel to Homebush vaccination hub

07 Apr 2021 - Private healthcare provider Ramsay Health Care (ASX:RHC) has agreed to contribute its manpower to the vaccine roll-out effort in New South Wales.

Recce (ASX:RCE)'s unapproved drug proves successful treatment for life-threatening illness

Apr 2021 - Superbug and viral pathogen treatment developer Recce Pharmacetical (ASX:RCE)’s unapproved drug R327 has successfully saved a patient suffering a life-threatening illnes…

Cleanaway (ASX:CWY) accused of having unfair advantages with Suez

07 Apr 2021 - Australian waste management company Cleanaway (ASX:CWY) has been accused, by its French competitor Veolia (EPA:VIE), of having unfair advantages in purchasing Suez’s …

EML Payments (ASX:EML) to acquire European open-banking company

07 Apr 2021 - Payment solutions provider EML Payments (ASX:EML) has reached an agreement to acquire open-banking innovator Sentenial.

Dow snaps 4-day winning streak: Aus shares to open flat

07 Apr 2021 - Australian stocks are poised for a steady start, following falls from record highs in the US. The Caixin/Markit services survey revealed China's growth in service bus…

Freedom Foods hammered by investors: Aus shares close 0.7% higher

22 Mar 2021 - Rises in all sectors besides materials levitated the ASX200 in the green zone after midday, as Aus shares maintained momentum throughout the afternoon to close 0.7 pe…

Insurance sector hit with storm of damage claims: ASX tracking 0.2% higher

21 Mar 2021 - The ASX has made a quick U-turn from a weak start this morning to bounce back up into positive territory at 6723. The Insurance Council of Australia (ICA) has declar…

Crown Resorts (ASX:CWN) receives $8 billion takeover bid

22 Mar 2021 - Under-pressure Crown Resorts (ASX:CWN) has officially confirmed that American investment business Blackstone has submitted an $8 billion takeover bid to acquire the A…

Telstra (ASX:TLS) plans biggest restructuring since 1997

22 Mar 2021 - Telco giant Telstra (ASX:TLS) is planning the most comprehensive restructuring program since the company’s privatisation in 1997.

Bapcor (ASX:BAP) acquires 25% stake in Tye Soon (SGX:BFU)

22 Mar 2021 - Automotive parts and accessories provider Bapcor (ASX:BAP) has today announced the acquisition of 25 per cent of total shares in Tye Soon (SGX:BFU) for $12 million.

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