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How Covid rent debt crisis will get worse with Universal Credit cut
Economy

How Covid rent debt crisis will get worse with Universal Credit cut

Highlights StepChange debt charity has warned that Universal Credit cut will worsen the £360m Covid rent debt crisis. The research suggested one in every ten renters anticipated eviction from their homes due to their debts within the next...

A week when APAC markets were in mostly in red
World News

A week when APAC markets were in mostly in red

The Asia Pacific markets were mostly in red during the week amid regulatory concerns surrounding sectors such as technology and casinos in China and the COVID-19 pandemic in Australia. The Morgan Stanley Capital International (MSCI), which is the ...

Selling in Basic Materials and Utilities Sectors Weighed Over Broader Market
Market Updates

Selling in Basic Materials and Utilities Sectors Weighed Over Broader Market

On 17th September 2021, the broader Australian market ended in red as significant selling was encountered in the basic materials as well as utilities sectors. Notably, ASX 20 fell by 0.88% and ASX 300 declined by 0.74%. Also, ASX 200 fell by 0.76%. ...

Troy Resources (ASX:TRY) in fine fettle with Smarts Underground showing major potential
Sponsored

Troy Resources (ASX:TRY) in fine fettle with Smarts Underground showing major potential

Troy Resources Limited (ASX:TRY) is going from strength to strength on exploration and development fronts on its flagship Karouni Gold Project in Guyana. The Company has undertaken greenfield as well as brownfield exploration on the tenement and de...

China requests to join Pacific trade pact with eyes on boosting economic clout
World News

China requests to join Pacific trade pact with eyes on boosting economic clout

Highlights China applies to join Asia - Pacific trade pact to boost economic position. Created by the US to counter Chinese influence, the pact eventually became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or the ...

How leading ASX-listed iron ore miners are performing amid falling iron ore prices
Stock Market

How leading ASX-listed iron ore miners are performing amid falling iron ore prices

Highlights Iron ore prices dropped significantly as a result of China’s initiative to limit steel production. The country has produced 83.24Mt of crude steel in August, registering a drop of 13.2%. Yunnan province of China has recently i...

Has Australia’s third COVID-19 wave plateaued? Growth of fresh cases dips
World News

Has Australia’s third COVID-19 wave plateaued? Growth of fresh cases dips

Highlights In the last seven days, fresh cases have grown 8%. The third wave of the pandemic seems to be plateauing. One million doses of Moderna set to be rolled out next week. The growth in fresh COVID-19 cases has slowed down in Austra...

Sigh of relief for Aussie farmers as adequate rainfall improves farm produce
World News

Sigh of relief for Aussie farmers as adequate rainfall improves farm produce

Highlights The report released by the Agriculture Department’s research branch Tuesday revealed that the farmers in the country are likely to sell AU$73 billion farms produce in the current fiscal year. Poor yields from drought-hit countr...

Qantas (ASX:QAN) share price hits YTD peak
Consumer Stocks

Qantas (ASX:QAN) share price hits YTD peak

Highlights  Qantas shares reached YTD peak of AU$5.5 per share on the ASX today. QAN has witnessed an oversubscription on its bond refinancing. QAN has managed positive cash flows despite statutory losses in FY21. ASX listed airlines...

Iron ore, gold miners drag ASX 0.8% lower; Fortescue, BHP, Rio fall
Stock Market

Iron ore, gold miners drag ASX 0.8% lower; Fortescue, BHP, Rio fall

Australian shares closed sharply lower on Friday as sharp reversal in iron ore prices hammered the share price of mining heavyweights BHP Group (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue (ASX:FMG). Adding to the woes, the fall in gold pric...

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