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...
- September 17, 2021 11:15 PM AEST
- Rishika Raina
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 ...
- September 17, 2021 09:44 PM AEST
- Furquan Moharkan
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%. ...
- September 17, 2021 08:36 PM AEST
- Team Kalkine Media
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...
- September 17, 2021 08:33 PM AEST
- Nitish Kumar
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 ...
- September 17, 2021 07:52 PM AEST
- Team Kalkine Media
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...
- September 17, 2021 07:46 PM AEST
- Arpit Verma
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...
- September 17, 2021 07:42 PM AEST
- Furquan Moharkan
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...
- September 17, 2021 07:33 PM AEST
- Priyanka Payal
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...
- September 17, 2021 06:55 PM AEST
- Sukriti Nair
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...
- September 17, 2021 06:18 PM AEST
- Chitranjan Kumar