Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

ANZ (ASX:ANZ) settles rate-rigging dispute without admission of liability

22 Mar 2021 - ANZ (ASX:ANZ) has reached an agreement to settle a class action filed against two of Australia’s big four banks for alleged rate rigging.

Biden's US to remain tough on China: Aus shares to open lower

22 Mar 2021 - The Australian sharemarket is poised to open lower, following weak leads from the US. Wall Street’s blue-chip index Dow Jones shed over 200 points, disrupting its 2 c…

Facebook news content block removed: ASX closes 0.9% higher

23 Feb 2021 - Social media giant Facebook has agreed to lift its ban on Australian news content. Rising commodity prices continued to be the stimulant for the energy and mining ral…

IT cancels out energy & mining gains: Aus shares steady at 6775

23 Feb 2021 - The ASX opened steady and zig-zagged throughout the morning. Mining and energy heavyweights have benefitted from rising commodity prices, while falls in IT, telcos an…

Freedom Foods Group (ASX:FNP) served second class action

23 Feb 2021 - Dairy and snack producer Freedom Foods Group (ASX:FNP) has today been served a second class action in the Victorian Supreme Court.

Austal (ASX:ASB)'s US president resigns

23 Feb 2021 - Australian-based ship builder Austal (ASX:ASB) has farewelled US chief Craig Perciavalle.

Starpharma (ASX:SPL) receives EU approval for anti-COVID nasal spray

23 Feb 2021 - Pharmaceutical developer Starpharma (ASX:SPL) has received EU approval for the company’s antiviral nasal spray Viraleze.

Ingenia Communities (ASX:INA) two new Queensland holiday & lifestyle acquisitions

23 Feb 2021 - Retirement and lifestyle property group Ingenia Communities (ASX:INA) has successfully acquired two new holiday projects in Queensland.

US stocks decline in fear of rising interest rates: ASX to open lower

23 Feb 2021 - The ASX200 is slated for a negative start, as US stocks declined on Monday in fear of rising interest rates and possible inflation. A new royal commission has been es…

Cann Group to acquire Satipharm from Harvest One Cannabis

15 Feb 2021 - Medicinal cannabis producer Cann Group (ASX:CAN) has sealed a deal to acquire Satipharm from Canadian-domiciled Harvest One Cannabis (CVE:HVT).

Seven West Media lands partnership deal with Google for payment

15 Feb 2021 - News corporation Seven West Media (ASX:SWM) has clinched a direct partnership deal with Google for payment to feed news content to the Google News Showcase platform.

Chinese markets in Lunar New Year mode: ASX to open higher

15 Feb 2021 - The Australian sharemarket is poised to open higher, on the back of strong Wall Street gains. The British economy suffered the biggest decline since the Great Frost i…

Historic rate cut propels ASX: Aus shares close 1.9% higher

3 Nov 2020 - The ASX maintained strong momentum throughout the day and was propelled by news of the RBA’s cash rate cut to a historic low. Commonwealth Bank (ASX:CBA), CSL (ASX:CSL…

ASX dashes ahead on Cup Day: Aus shares 1.7% higher at noon

03 Nov 2020 - The Australian stock market has dashed forward into 6000s territory this morning, as stock punters are betting on a rate cut on Cup Day. All sectors are in the black…

Rate-cut hopes fire ASX up to 7-month high: Aus shares close 0.5% higher

15 Oct 2020 - Investor appetite was strong during today’s session. Traders were predicting a cash rate cut next month, as RBA Governor Philip Lowe did not rule out monetary easing …

RBA open to monetary easing: ASX trading 0.8% higher at noon

15 Oct 2020 - The Australian stock market has mustered up a rally this morning, rising 0.8 per cent, despite earlier expectations of a weak start and weak leads from Wall Street. G…

Pro Medicus (ASX:PME) secures $10m deal with LMU of Munich

15 Oct 2020 - Imaging solutions provider, Pro Medicus (ASX:PME) has secured a $10-million deal with Ludwig Maximilian University of Munich to provide its Visage-7 technology.

Suncorp (ASX:SUN) NZ Interim Chief made permanent

15 Oct 2020 - Suncorp Group (ASX:SUN)’s New Zealand Interim Chief Executive Kimmy Higgins has received a permanent appointment for his position, effective immediately.

TNG (ASX:TNG) secures life-of-mine agreement with Gunvor

15 Oct 2020 - Resources company TNG (ASX:TNG) has reached a life-of-mine Offtake and Marketing Agreement with Singapore-based major commodity trader Gunvor.

Education Australia (ASX:IEL) explores options to support COVID-hit Australian universities

15 Oct 2020 - International study facilitator IDP Education (ASX:IEL) has received notification from parent company Education Australia about discussions with 38 university shareho…

US stimulus deal unlikely: Aus shares to open lower

15 Oct 2020 - The Australian sharemarket is poised to dip at the open, following Wall Street lows on the back of US Treasury Secretary Steven Mnuchin’s comment slashing hopes of a …

Banks & miners end 7-day gain streak: Aus shares close 0.3% lower

14 Oct 2020 - The ASX200 saw plenty of seesaw movement on the market, as banks and big miners weighed down the market. New South Wales has recorded 11 new community-transmitted cor…

Budget effect kicks in, ASX reaches 4-week high: Aus shares close 1.3% higher

07 Oct 2020 - The Australian stock market has defied early morning lows and gained momentum from last night’s big-spending federal budget announcement to close 1.3 per cent higher …

Positive employment data fails to save the day: Aus shares close 1.2% lower

17 Sep 2020 - The ABS released better-than-expected employment data for August just before Midday. The market continued to fall in the afternoon session. Heavyweights Commonwealth …

Iron ore miners lead decline: ASX tracking 0.9% lower at noon

17 Sep 2020 - The ASX took a dip this morning, following negative leads from US futures and a sharp fall in the iron ore price overnight. Iron ore miners Mineral Resources(ASX:MIN)…

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