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Federal Budget 2021: Australia gets nearly AU$1 billion digital boost
Economy

Federal Budget 2021: Australia gets nearly AU$1 billion digital boost

Summary The government has committed to invest AU$111.3 million to launch Consumer Data Right (CDR) across the economy. The budget proposes to invest AU$200.1 million to enhance the myGov service and AU$301.8 million to enable th...

Federal Budget 2021-22: What’s in Store for Pandemic-Hit Sectors?
Economy

Federal Budget 2021-22: What’s in Store for Pandemic-Hit Sectors?

The Australian government’s big-spending Federal Budget 2021-22 is finally out! The budget is primarily focused on creating jobs and bolstering economic growth after COVID-19. At the same time, the recently announced budget aims to build Aust...

  • May 11, 2021 11:03 PM AEST
  • Damini
Federal Budget 2021: Frydenberg promises AU$30bn in tax cuts to boost spending
Economy

Federal Budget 2021: Frydenberg promises AU$30bn in tax cuts to boost spending

Summary The government commits AU$7.8 billion in personal income tax cuts to support more than 10 million low- and middle-income earners. The tax cut will allow single taxpayers to receive AU$1080 tax offset, while dual-income couples...

Federal Budget: Focus on health, jobs; deficit at 4.3% of GDP
Economy

Federal Budget: Focus on health, jobs; deficit at 4.3% of GDP

With federal government focusing on healthcare, social sector, jobs and infrastructure development the budgetary deficit of Australia is pegged at 4.3% for 2021-22, 30 basis points lower than the actuals of 2020-21. Total revenue for 2021‑22 in th...

Jobs-Driven Federal Budget 2021-22: What it Means for the Economy
Economy

Jobs-Driven Federal Budget 2021-22: What it Means for the Economy

The Australian government has recently released its 2021-22 Federal Budget, which retains the momentum of the nation’s economic recovery. In the latest budget, the government has announced lower taxes for hard-working Aussies besides provi...

  • May 11, 2021 09:20 PM AEST
  • Damini
MotorCycle Holdings (ASX: MTO) may race past last year’s general sluggishness
Retail Stocks

MotorCycle Holdings (ASX: MTO) may race past last year’s general sluggishness

MotorCycle Holdings (ASX: MTO) released an update on 10th of May. The company has picked up well despite the coronavirus pandemic and this has been a relief for shareholders, who received the update. The company is expecting an EBITDA between $42 a...

Federal Budget: Healthcare takes priority amid COVID-19
Economy

Federal Budget: Healthcare takes priority amid COVID-19

The Australian government has prioritised the spending on the healthcare, as COVID-19 pandemic has highlighted the fallacies in the global health infrastructure. In the Federal Budget 2021-22 the Australian Treasurer Josh Frydenberg said that the ...

What are the key forces powering Saunders International’s growth?
Sponsored

What are the key forces powering Saunders International’s growth?

Summary Saunders International Limited (ASX:SND) is well progressing the Growth phase of its impressive strategic plan irrespective of COVID-19. There are emerging opportunities in core and emerging markets. There are several pockets of opport...

  • May 11, 2021 08:02 PM AEST
  • Sukriti
Cyprium Metals (ASX: CYM) Turbocharges Activities at Nifty Mine 
Sponsored

Cyprium Metals (ASX: CYM) Turbocharges Activities at Nifty Mine 

Summary Cyprium has continued to expedite work programs and studies at the Nifty mine site, ever since it gained control of the site.  Trenching into the heap leach has been completed, with samples sent to Perth-based laboratories for meta...

Here's how the iron ore rally could benefit Australia's 2021 Federal Budget
Commodities

Here's how the iron ore rally could benefit Australia's 2021 Federal Budget

Summary The Australian government is ready to release its 2021 Federal Budget today. The Australian mining industry has contributed a fair share of tax and royalties to boost the country's revenue during the pandemic. The Australia-China trade...

A look at three ASX infra stocks ahead of Federal Budget
Economy

A look at three ASX infra stocks ahead of Federal Budget

Summary Treasurer Josh Frydenberg would deliver the budget this evening, focusing on a 10-year infrastructure program. The government is expected to announce a package worth AU$10 billion for multiple infrastructure projects and job creation. ...

Federal Budget: Key Terms Explained
Economy

Federal Budget: Key Terms Explained

The Scott Morrison-led Liberal government would be presenting the Federal Budget with the aim of boosting the economic recovery, as the country continues to shake off the pandemic blues. The budget is something that impacts everyone, but because of ...

Markets Witnessed Sharp Correction Amid Sell-off In Technology & Energy Sectors
Market Updates

Markets Witnessed Sharp Correction Amid Sell-off In Technology & Energy Sectors

On May 11, 2021, ASX indices took sharp drift from all-time high levels due to sell-off in tech and energy stocks. Notably, ASX 200 declined by 75.80 points or 1.06% to 7,097.00. As can be seen from the below table, ASX 300 also fell sharply by 1.08%...

Will Australia’s Deficit Shrink as Economy Recovers?
Economy

Will Australia’s Deficit Shrink as Economy Recovers?

Marking the next phase of the Australian recovery, the budget deficit is expected to decrease given the high-speed economic recovery of Australia. Treasurer Josh Frydenberg stated that the economy is set to report a record budget deficit in the cu...

US gets first COVID-19 vaccine for adolescents as Pfizer-BioNTech’s shot wins emergency approval
World News

US gets first COVID-19 vaccine for adolescents as Pfizer-BioNTech’s shot wins emergency approval

Summary Pfizer - BioNTech’s COVID-19 vaccine has obtained the Emergency Use Authorization (EUA) in the US for adolescents. The two companies also notified they had submitted data to the European Medicines Agency (EMA) and other worldwide ...

Australia budget 2021-2022: Stocks to watch
Economy

Australia budget 2021-2022: Stocks to watch

On Tuesday, Treasurer Josh Frydenberg would be delivering the budget 2021-2022 in quest to add more fuel to the economic recovery after severe disruptions caused by the restrictions imposed in the wake of the COVID-19 pandemic. In the forthcoming b...

  • May 11, 2021 05:35 PM AEST
  • Aayush
Collaboration Updates from Lithium Players - Pilbara Minerals, Jadar Resources
Stock Market

Collaboration Updates from Lithium Players - Pilbara Minerals, Jadar Resources

Lithium is currently trading at record value of nearly CNY90,000 tonne, the highest since 2018. The surge in lithium prices is being supported by a rise in the demand for lithium carbonate used to manufacture lithium-ion batteries (LIB) amid growin...

Federal Budget 2021: jobs, infrastructure in for major boost
Economy

Federal Budget 2021: jobs, infrastructure in for major boost

The Australian Federal Budget 2021-22 is likely to focus on job creation, as the federal government aims at further stimulating the recovery path. With the government aiming to shrink the unemployment rate below-5% in the country, it comes as no s...

Federal Budget 2021 to breathe new life into Australia’s aged care industry
Economy

Federal Budget 2021 to breathe new life into Australia’s aged care industry

The 2021-22 federal budget is likely to inject billions of dollars into the Australian economy as the government tries to strengthen the country’s economic recovery after the recession witnessed last year. Treasurer Josh Frydenberg will deliv...

ASX falls over 1% ahead of Federal Budget 2021; tech stocks drag
Stock Market

ASX falls over 1% ahead of Federal Budget 2021; tech stocks drag

The benchmark index ASX 200 was trading near day’s low at the close, weighed down by sharp losses in growth-focused tech stocks. The S&P/ASX200 was trading lower by 79 points or 1.10% at 7093, as caution prevailed in the market ahead...

Are You Keeping Up with the Evolving Cryptocurrency Tax Requirements?
Cryptocurrency

Are You Keeping Up with the Evolving Cryptocurrency Tax Requirements?

Summary The Australian Taxation Office (ATO) will be extra vigilant this year following a surge in the number of Australians purchasing cryptocurrencies. The ATO categorises crypto investors into three groups: investors, traders, and hobbyists....

Five penny stocks defying the odds today
Stock Market

Five penny stocks defying the odds today

Summary The APD share price has opened with a massive gap up of 47.5%. KSN has shot up by 14.6% after the company released its corporate presentation. The ARC share price has risen by 13.4% to AU$0.25, trading at the highest level since April ...

  • May 11, 2021 04:30 PM AEST
  • Aayush
Will Federal Budget Add More Firepower To Australia’s Property Sector?
Economy

Will Federal Budget Add More Firepower To Australia’s Property Sector?

Summary Australia's federal budget update is due today, wherein Treasurer Josh Frydenberg will reveal the plans to boost jobs and economic growth. The Federal Government's infrastructure dedication and details of key new infrastructure projects...

  • May 11, 2021 04:10 PM AEST
  • Sukriti
Iron Ore Price achieves a New Benchmark, Moves to CNY1,394 a tonne
Stock Market

Iron Ore Price achieves a New Benchmark, Moves to CNY1,394 a tonne

Summary Iron ore futures on the Dalian commodity exchange for the first time in history surged past CNY1,300 a tonne level and peaked at CNY1,394.5 a tonne. The Australian and the New Zealand dollars surged to 10-year highs against their US cou...

Two Must-Know Acquisition Updates of the Day 
Stock Market

Two Must-Know Acquisition Updates of the Day 

Today, on the ASX, several acquisition specific announcements have been made. This article would walk you through two important acquisition notices of the day from ASX 200 listed players.                 &nb...

Lake Resources’ (ASX:LKE) Exploration On Fast Track At Kachi Project
Sponsored

Lake Resources’ (ASX:LKE) Exploration On Fast Track At Kachi Project

Summary Lake Resources has witnessed significant success in advancing its Kachi Project towards production. The refreshed Pre-Feasibility Study over the Kachi Project returned strong financial results and indicated a high-value project. The Co...

Top 5 ASX gainers of the day
Stock Market

Top 5 ASX gainers of the day

The ASX 200 dropped in afternoon, pulled down by tech stocks, ahead of the Federal Budget 2021-22. The tech stocks were the top losers today, after tech-heavy NASDAQ Composite fell overnight amid inflation concerns. Omni Bridgeway Ltd, Boral Ltd, a...

ASX slips below 7100-mark ahead of Budget; Redbubble, PointsBet down 7%
Stock Market

ASX slips below 7100-mark ahead of Budget; Redbubble, PointsBet down 7%

Summary The S&P/ASX200 slipped below 7100-mark on sharp sell-off in growth-focused tech stocks. The benchmark index is trading lower by 80.3 points or 1.12% at 7092 by afternoon. Nine of 11 sectors are in red, while Information Techno...

Three ASX-listed tech stocks in the cloud computing space
Stock Market

Three ASX-listed tech stocks in the cloud computing space

Cloud computing has been gaining traction of late, more so during the pandemic, which continues to create havoc. Experts believe that after the COVID-19 pandemic is over, cloud computing would be one of the most critical technologies for business r...

Prescient Therapeutics inks new deal with Peter Mac to rev up its OmniCAR programs
Sponsored

Prescient Therapeutics inks new deal with Peter Mac to rev up its OmniCAR programs

Summary Prescient Therapeutics has entered into a new research agreement with Peter MacCallum Cancer Centre to advance its CAR-T programs. With this research agreement, Prescient will have access to the facilities and expertise of Peter Mac. T...

Australia Federal Budget 2021: Here are nine things to know
Economy

Australia Federal Budget 2021: Here are nine things to know

Australian Treasurer Josh Frydenberg will present the 2021-22 Federal Budget on Tuesday amid expectations that coronavirus pandemic would force Canberra to shrink its spending. The ‘pandemic budget’, which would be tabled in the lower h...

  • May 11, 2021 12:10 PM AEST
  • Ashish
ASX 200 today:  What’s in store for Australian market ahead of budget 2021-22?
Stock Market

ASX 200 today: What’s in store for Australian market ahead of budget 2021-22?

The ASX 200 opened on a weak note on Tuesday, tracking negative cues from the US stock market. The Australian shares opened in the negative territory, down 8.10 points or 0.11% to 7,164.70 after setting a new 52-week high, on the day Australia&rsqu...

  • May 11, 2021 11:20 AM AEST
  • Ashish
Raiden’s rock-channel sampling program highlights significant gold, silver mineralisation potential at Vuzel
Sponsored

Raiden’s rock-channel sampling program highlights significant gold, silver mineralisation potential at Vuzel

Summary Raiden identifies the significant potential for gold and silver mineralisation from the rock-channel sampling program on its Vuzel Project in Bulgaria. The Company has delineated two gold and one silver zone for further field evaluation...

MRG Metals uncovers high-grade mineralisation at Koko Massava
Sponsored

MRG Metals uncovers high-grade mineralisation at Koko Massava

Summary MRG Metals Limited (ASX:MRQ) has obtained visually estimated results from aircore drilling program at a very high-grade area (+6% THM from assay results) at the Koko Massava prospect. The company has detected two potentially very high-g...

  • May 11, 2021 10:08 AM AEST
  • Sukriti
ASX 200 on Tuesday: Top 5 things to watch out
Stock Market

ASX 200 on Tuesday: Top 5 things to watch out

The ASX 200 is expected to fall at open on Tuesday, taking negative cues from Wall Street, which closed lower overnight as inflation fears prompted a sell-off in growth-focused tech stocks. The local share price index futures fell 0.7%. The benchma...

  • May 11, 2021 09:00 AM AEST
  • Ashish
ASX 200: Inflation concerns likely to spoil investors’ mood today
Stock Market

ASX 200: Inflation concerns likely to spoil investors’ mood today

On Monday, the ASX 200 charged up with full force to mark its new 52-week high. The benchmark index closed the session up by 1.3%, near the high of the day, at 7172.8. However, the Australian market might struggle to retain that the pace today amid...

  • May 11, 2021 08:29 AM AEST
  • Aayush
Here’s Why Coronado Shares Surged on the ASX Today
Stock Market

Here’s Why Coronado Shares Surged on the ASX Today

Summary Coronado Global Resources intends to raise around AU$132 million through the issue of new CHESS depository interests (CDIs) at AU$0.45 per CDI. The retail entitlement offer is scheduled to close on 25 May 2021 at 5 PM AEST. The entitle...

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