Yearly Archives - 2020

WTO to consider China’s barley tariffs: ASX poised to open higher

17 Dec 2020 - The ASX looks set to open higher this morning as the US raises its economic outlook slightly. Negotiators in the US Congress are close to agreeing a US$900 billion Covid-19 stimulus bill. Australia launched a formal appeal to the World Trade Organization looking for a review of China's decision to impose large tariffs on imports of Australian barley. And Bitcoin is back in the news as it breaks above US$20,000 for the first time in...

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Best session in two weeks: ASX closed 0.7% higher

16 Dec 2020 - The sharemarket has had a good session today. The S&P/ASX200 rose 48 points or 0.7 per cent higher to 6,679.Shares in Resolute Mining (ASX:RSG) did well today after announcing the sale of the Bibiani Gold Mine for US$105 million in cash. Shares in Service Stream (ASX:SSM) fell today after announcing they have just secured a significant long-term agreement with the nbn.

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AUD up against a weakened USD: ASX points to a rise at the open

16 Dec 2020 - The ASX looks set to rise this morning as US stocks were boosted by a push for a fresh stimulus package. Yesterday, US Congress moved towards a federal spending package that would boost the economy. Apple shares surged by up to 4%. The AUD is on the up this morning, trading at over US75 cents. Openpay Group (ASX:OPY) reports it has had its best ever month of trading.

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Infratil (ASX:IFT) acquisition of Qscan with FIRB

16 Dec 2020 - On 26 October 2020, Infratil (ASX:IFT) announced that it had executed a conditional binding offer to acquire up to 60 per cent of Qscan Group Holdings from Quadrant Private Equity and existing doctor and management shareholders, for total cash equity consideration of up to $330 million.

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