Monthly Archives - July 2020

JobKeeper and JobSeeker set for another six months: ASX poised to open higher

21 Jul 2020 - The ASX looks set to open higher this morning following vaccine hopes. The Morrison government is set to continue the JobKeeper and JobSeeker emergency payments for another six months, but both will be at a reduced rate. Global banks look to expand to Taiwan as they look to move away from Hong Kong. Respiri (ASX:RSH) has executed a merchant services agreement with Zip Money Payments, a wholly owned subsidiary of Zip Co Limited (ASX:Z1P).

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Second Covid cluster grows in NSW: ASX poised to open slightly higher

20 Jul 2020 - Following mixed results on US markets overnight, the ASX looks set to open slightly higher this morning. NSW reported 18 new Covid-19 cases yesterday. Tighter restrictions loom with Victoria recording 363 new cases yesterday and no clear sign that numbers are decreasing. Civmec (ASX:AJM) announced its subsidiary Civmec Construction & Engineering has lodged a writ and statement of claim against Altura Lithium Operations.

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Cedar Woods (ASX:CWP) forecasts 50%+ drop in profit: Aus shares gain 1.9% over the week

17 Jul 2020 - The Australian share market rose in early trade, slumped mid-session as the reintroduction of some pandemic restrictions weighed on the market, then jumped in the last half an hour of trade to close 0.4 per cent higher. Over the week, the market has gained 114 points or 1.9 per cent. Cedar Woods Properties (ASX:CWP) forecasts that its 2020 financial year net profit after tax is expected to be in the range of $20 to $21...

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