Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

US investors ignore inflation indicator: Aus shares to open higher

11 Jun 2021 - The ASX200 is slated to rise at the open, following positive direction from Wall Street overnight. Despite a hotter-than-predicted hike in the US consumer price index…

Domino's Australia (ASX:DMP) to purchase Taiwanese counterpart

11 Jun 2021 - Australia’s largest pizza maker Domino’s Pizza (ASX:DMP) is set to add Taiwan to its global portfolio of markets under its master franchise, pending regulatory approv…

NAB (ASX:NAB) seeks ex-AUSTRAC boss' help to cope with compliance woes

10 Jun 2021 - National Australia Bank (ASX:NAB) has sought specialist treatment for its anti-money laundering problem with AUSTRAC, and its prescribed therapy is the recruitment of…

Woolworths (ASX:WOW) receives nod from ACCC for $550m deal

10 Jun 2021 - Grocery retail giant Woolworths (ASX:WOW) has secured regulatory approval from the the Australian Competition and Consumer Commission (ACCC) to acquire a 65 per cent …

Weekly movement in zig-zag motion: Aus shares close 0.3% lower

09 Jun 2021 - The Australian sharemarket extended this week’s volatile trend and backflipped into the red zone after a strong morning session. Bank and supermarket stocks reversed …

Dexus (ASX:DXS) to commit $180m to Australian Unity's raising

09 Jun 2021 - Property investor Dexus (ASX:DXS) is poised to diversify its income streams and expand its footprint in the medical property market, following a partnership with medi…

Austal (ASX:ASB) lands second US Navy deal in a week

09 Jun 2021 - Austal’s rebound from its two-month lows has received another stimulant, as the company has secured the second consecutive contract with the US Navy this week. The co…

Banks hit brakes on broader rally: Aus shares flat at noon

09 Jun 2021 - The Australian sharemarket charged ahead at the open to surpass its previous record high, reaching the 7334 mark in morning trade. Materials, Infotech and Health Care…

Woolworths (ASX:WOW) condemned for stance in Dan Murphy scandal

09 June 2021 - An independent inquiry into Woolworths (ASX:WOW)’ cancelled development of a Dan Murphy store in Darwin has determined that the giant supermarket operator misjudged …

Perenti Global (ASX:PRN) secures $648m copper project

09 Jun 2021 - Diversified mining company Perenti Global (ASX:PRN) has secured a deal to operate and develop a copper project on a site owned by Sandfire Resources (ASX:SFR) in Bots…

Volatility characterises trading session: Aus shares close 0.2% higher

08 Jun 2021 - The ASX200 submerged into the red after Midday but staged a strong comeback around 2pm to re-enter positive territory, as the Australian benchmark wrapped up a tumult…

ASIC exercises mandatory data collection power on Macquarie Group (ASX:MQG)

08 Jun 2021 - Macquarie Group (ASX:MQG) has come on ASIC’s radar, as the financial regulator is assessing the investment bank’s influence over the problematic $1.7 billion IPO of N…

Tech leads rebound from Monday blues: Aus shares 0.1% higher at noon

08 Jun 2021 - The Australian sharemarket edged ahead at the open and bounced back from yesterday’s lows, reaching a new intraday high of 7316 in the morning session. Despite the mi…

Superloop (ASX:SLC) to take over Exetel for $110m

8 Jun 2021 - Telecommunications system developer Superloop (ASX:SLC) has revealed the company’s takeover bid for Australia’s largest independent internet service provider. The NBN …

OM Holdings (ASX:OMH) to become dual-listed

08 Jun 2021 - Manganese ore and ferroalloy company OM Holdings (ASX:OMH) is set to become a dual-listed company, following the green lights from Malaysian authorities.

Lockdown jitters eclipse employment optimism: Aus shares close 0.2% lower

07 Jun 2021 - The ASX200 continued its lacklustre tendency in afternoon trade, as the Australian sharemarket wrapped up the week’s first session on a weak note. Pessimistic sentime…

NAB (ASX:NAB) alerted to anti-money laundering mishaps

07 Jun 2021 - National Australia Bank (ASX:NAB) has come under scrutiny by the financial law enforcement agency. The big-four bank received a notification from AUSTRAC on June 4, h…

Austal (ASX:ASB) seals $4.7 million deal with US Navy

07 Jun 2021 - Naval shipwright Austal (ASX:ASB) has sealed a $4.7 million deal with the US Navy to construct a Navajo-class steel vessel for the world’s second largest naval fleet.…

Altium (ASX:ALU) rejects $5.05b takeover bid

07 Jun 2021 - Electronics design software developer Altium (ASX:ALU) has turned down a takeover bid from US technology heavyweight Autodesk, claiming the proposal undervalued the A…

AUSTRAC crackdown hits stock market: Aus shares trading 0.1% lower at noon

07 Jun 2021 - The Australian sharemarket opened on a positive note but has since then taken a backflip below the 7300 mark into the red zone. Declines by the major banks reversed b…

SkyCity (ASX:SKC)'s anti-money laundering compliance under scrutiny

07 Jun 2021 - The Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced the enforcement agency discovered suspected violations of the anti-money laundering and…

ASX breaks new ground to notch record highs: Aus shares close higher

04 Jun 2021 - The Australian sharemarket strengthened its foothold in positive territory and extended the broad-based advance after lunchtime. The ASX200 steered into uncharted wat…

Stocks of the Hour: Rio Tinto, Centuria, The Reject Shop & Woolworths

04 May 2021 - A snapshot of the companies making headlines for the hour, featuring Rio Tinto (ASX:RIO), Centuria Capital Group (ASX:CNI), The Reject Shop (ASX:TRS) & Woolworths (AS…

New executive position to boost Woolworth (ASX:WOW)'s green push

04 Jun 2021 - Grocery retail giant Woolworths (ASX:WOW) has selected Alex Holt to deliver on the company’s vision of becoming an eco-friendly and carbon-positive firm, as the super…

Financial stocks neutralise mining losses: Aus shares trading 0.1% higher at noon

04 Jun 2021 - The ASX200 rebounded from a subdued start back to gaining ways, as the Australian benchmark recouped earlier losses to charge back towards intraday record levels. Gai…

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