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Metcash! Australia Spares Tobacco Tax Hike in Federal Budget
Economy

Metcash! Australia Spares Tobacco Tax Hike in Federal Budget

Food & Staples Retailing Metcash Limited (ASX: MTS) reported on Wednesday that its FY22 EBIT is hit by $10 million because the Australian government's Federal Budget 2021 did not include a tobacco excise increase. The Company’s announcem...

Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine on children
World News

Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine on children

India-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report, the study will be performed on approximately 525 participants at several sites in India. Recent...

Australian Markets Encountered a Fall After Wall Street Ended in Red
Market Updates

Australian Markets Encountered a Fall After Wall Street Ended in Red

On 12th May 2021, Australian indices ended the session in red as selling pressure was witnessed in academic and educational services sector and utilities sector. Notably, ASX 200 witnessed a fall of 0.73% to 7,044.90 and ASX 300 declined by 0.73% to ...

The New Crypto on the Block Bursts onto the Scene
Cryptocurrency

The New Crypto on the Block Bursts onto the Scene

Summary A new cryptocurrency, called Internet Computer, debuted on Monday, achieving a market value of US$45 billion, making it the eighth-largest digital currency in the world. The crypto’s ledger, Dfinity, aims to reduce costs and break...

Gefen Technologies braces for ASX listing, eyes $128M IPO
IPO

Gefen Technologies braces for ASX listing, eyes $128M IPO

Summary Gefen Technologies has lodged IPO prospectus to raise $25 million at a market value of around $128 million. The Israel-based tech firm is expected to be listed on the ASX on June 17 at an issue price of $1. Ahead of the IPO, the compan...

Here’s why carsales.com is acquiring US-based Trader Interactive
Stock Market

Here’s why carsales.com is acquiring US-based Trader Interactive

Summary carsales.com is acquiring a significant stake in a US-based leading platform of branded marketplaces. The deal boosts the company’s international scale and industry diversification. The deal offers significant opportunity to enha...

Federal Budget 2021-22: An Attempt to Uplift Australian Women
Economy

Federal Budget 2021-22: An Attempt to Uplift Australian Women

Summary Federal Government's 2021-22 Budget holds special significance for women, aimed at improving their safety, living standards and career prospects.  The budget has allocated A$1.7 billion for childcare, which is expected to provide g...

Why is oil & gas industry seeing red over federal budget?
Economy

Why is oil & gas industry seeing red over federal budget?

Summary The Australian government has allocated A$1.8 billion in the federal budget towards energy sector development. The budget is primarily focused on curbing greenhouse emissions and expanding the gas sector. The oil industry has raised co...

Three ASX tech shares set to reap budget benefits
Stock Market

Three ASX tech shares set to reap budget benefits

Summary Temple & Webster is an e-commerce company that has certainly seen strong adoption since the COVID-19 pandemic’s onset. Whispir is a software-as-a-service communications (SaaS) workflow platform provider which could do wel...

  • May 12, 2021 05:02 PM AEST
  • Aayush
Five ASX stocks that may safeguard portfolio amid rising inflation
Stock Market

Five ASX stocks that may safeguard portfolio amid rising inflation

Summary Even as rising inflation can mean challenging times for equities, real estate and commodity-linked stocks have historically been seen as good bets during such times. Inflation can mean continued profit for some defensive stocks. Woolwo...

  • May 12, 2021 04:55 PM AEST
  • Ashish
Traffic Technologies signs deal to acquire Artcraft’s ITS business, shares move up
Stock Market

Traffic Technologies signs deal to acquire Artcraft’s ITS business, shares move up

Summary Traffic Technologies Ltd has signed an agreement to acquire Artcraft Pty Ltd’s ITS (Intelligent Transport Systems) business for AU$750,000. Under the agreement, the Company would purchase the business and assets, staff, client dea...

ASX trades lower amid broad-based sell-off; energy, utilities stocks weigh  
Stock Market

ASX trades lower amid broad-based sell-off; energy, utilities stocks weigh  

The benchmark index ASX 200 is trading near day’s low at the close, falling 68.40 points or 0.96% to 7028.60. The market sentiments were dented by lingering concerns around inflation in the US. The market witnessed broad-based sell-...

APAC markets in red; Nissan shares crash 13%
World News

APAC markets in red; Nissan shares crash 13%

All the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The shares in Taiwan were the worst hit, as Taiwan Weighted Index crashed by 6.02% at the time of filin...

Why is Clean Energy Council not pleased with federal budget?
Economy

Why is Clean Energy Council not pleased with federal budget?

Summary The Clean Energy Council has highlighted the Federal Budget allocation to the renewable energy sector as a missed opportunity. Allocation of AU$1.2 billion has been made for a reduction in carbon emissions. There is a lack of adequate ...

Emyria wins TGA approval for its remote health monitoring tool, Openly
Stock Market

Emyria wins TGA approval for its remote health monitoring tool, Openly

Summary Drug development and clinical services company Emyria has obtained Class IIa TGA registration for its medical-grade monitoring tool, Openly. With this TGA registration, Emyria is in a leading position to develop Real World Evidence (RWE...

Five ASX stocks on investors’ watchlist today
Stock Market

Five ASX stocks on investors’ watchlist today

Summary Zip Co is one of the beneficiaries of the federal budget’s AU$1.2 billion cash splash towards the country’s digital economy. The surging commodity prices is making FMG an attractive proposition. Digital Wine Ventures’...

  • May 12, 2021 02:47 PM AEST
  • Aayush
Meet Paul Russell – IOUpay’s Newest Addition to Board of Directors
Sponsored

Meet Paul Russell – IOUpay’s Newest Addition to Board of Directors

Summary IOUpay is marching ahead with business expansion and critical aspects like strengthening the leadership team. The Company has appointed Paul Russell as a non-executive director to its Board of Directors. Russell has previously served a...

Top 5 ASX gainers of the day
Stock Market

Top 5 ASX gainers of the day

The ASX 200 traded lower on Wednesday amid fresh concerns around inflation in the US. Australian energy stocks declined 0.74​% despite a rise in commodity prices. Financial stocks have fallen 0.54% so far during the trade. The domestic stocks hav...

  • May 12, 2021 01:34 PM AEST
  • Ashish
Here’s why Bio-Gene (ASX:BGT) shares are moving north
Stock Market

Here’s why Bio-Gene (ASX:BGT) shares are moving north

Summary Bio-Gene revealed interim results from a stored grain trial, indicating favourable efficacy data after a 3-month interim review. The identification of a lead Flavocide combination took place in September 2020. Flavocide can build formu...

Five red-hot penny stocks flying high today
Stock Market

Five red-hot penny stocks flying high today

After Tuesday’s fall of about 1.06%, the ASX 200 has continued its trajectory and is trading 0.14% down, at 7087. The primary reason for the continued sell-off is the rising inflation concerns, evident by surging commodity prices. Image So...

  • May 12, 2021 12:36 PM AEST
  • Aayush
ASX falls 80 pts as markets digest Federal Budget; Aerometrex up 13%
Stock Market

ASX falls 80 pts as markets digest Federal Budget; Aerometrex up 13%

The benchmark index ASX 200 continues to trade lower by afternoon as inflation fears spooked market sentiment. The federal budget, which proposed billions of dollars of funding to boost the Australian economy, failed to lift market sentiment. The S...

Federal Budget: Tech shares roar as Govt moves to bridge skills gap
Economy

Federal Budget: Tech shares roar as Govt moves to bridge skills gap

In his Federal Budget speech, Australian Treasurer Josh Frydenberg said that the Scott Morrison-led Liberal Party government would be investing AU$1.2 billion in “Australia's future through the Digital Economy Strategy”. The move has se...

A Glance at three Australian shares with impressive one-year returns
Stock Market

A Glance at three Australian shares with impressive one-year returns

Summary Despite the COVID-19 onslaught over the past 16-17 months, a few businesses performed admirably, witnessing impressive share price growth this year. Boral Limited recently recommended its shareholders to reject the takeover bid by Seven...

Aerometrex (ASX: AMX) Shares Soar Over 12% on Google Purchase Order
Stock Market

Aerometrex (ASX: AMX) Shares Soar Over 12% on Google Purchase Order

Summary Aerometrex will provide downtown San Francisco 3D model data to Google LLC. The Company is gaining popularity among large organisations for its 3D data capture capabilities. AMX stock traded higher by 12.820% in the early trading hours...

ASX 200 today:  Will inflation prove to be a dampener for Australian shares?
Stock Market

ASX 200 today:  Will inflation prove to be a dampener for Australian shares?

The benchmark equity index ASX 200 traded down on Wednesday dropping amid concerns around surge in inflation in the US. The Australian shares traded 0.3% lower in the first hour of trading, pulling down the ASX 200 benchmark to 7,072.3 points. Ener...

  • May 12, 2021 11:25 AM AEST
  • Ashish
Arcadia Minerals set to debut on the ASX to fire up its Namibian journey
Sponsored

Arcadia Minerals set to debut on the ASX to fire up its Namibian journey

Summary Guernsey-domiciled Arcadia Minerals Limited is set to debut on the ASX with its initial public offering seeking to raise up to A$6.4 million. The IPO funds will be utilised to carry out the next leg of exploration and development effort...

  • May 12, 2021 10:49 AM AEST
  • Akshay
Podium Minerals Limited (ASX:POD) secures WA Government’s EIS grant for deep diamond drilling campaign at Parks Reef
Sponsored

Podium Minerals Limited (ASX:POD) secures WA Government’s EIS grant for deep diamond drilling campaign at Parks Reef

Podium Minerals Limited (ASX:POD) in an upbeat market update shared its plan to drill two-750m hole diamond drill holes to test the continuity of the mineralisation at depth at the Parks Reef project. The diamond drilling program will test the ext...

  • May 12, 2021 10:10 AM AEST
  • Akshay
ASX 200 on Wednesday: Top 5 things to watch out
Stock Market

ASX 200 on Wednesday: Top 5 things to watch out

The Australian equity benchmark ASX 200 is expected to open marginally lower on Wednesday, tracking a sell-off on Wall Street overnight amid concerns around rising inflation in the United States. According to the ASX 200 futures, the domestic marke...

  • May 12, 2021 09:31 AM AEST
  • Ashish
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
Economy

US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows

Summary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc...

Pushpay posts stellar earnings report; will it reflect in its shares?
Technology Stocks

Pushpay posts stellar earnings report; will it reflect in its shares?

Pushpay Holdings Ltd (ASX:PPH) on Wednesday reported stellar earnings on account  of operational efficiencies across combined business despite challenges due to COVID-19. For the year ended 31 March 2021, Pushpay reported a 40% spike in its op...

  • May 12, 2021 08:35 AM AEST
  • Ashish
ASX 200: Will the federal budget impact the market today?
Stock Market

ASX 200: Will the federal budget impact the market today?

On Tuesday, the ASX 200 had the weakest session of the month as the benchmark index dropped 1.06% from 52-week high to settle at 7,097. Today, it seems to be another difficult day for the Australian market as the index might fall by another 0.55% o...

  • May 12, 2021 08:27 AM AEST
  • Aayush
Will Inflation Cut Short The US Real Estate Boom?
World News

Will Inflation Cut Short The US Real Estate Boom?

Summary Although borrowings became cheaper for new homebuyers, fewer houses in the market have driven up the house prices. The current housing sales figures may be the highest in the US in the last 40 years, say experts. The younger generation...

Five stocks that made a buzz today
Stock Market

Five stocks that made a buzz today

Summary The VTH share price has shot up by 2.38% to AU$1.29, inching towards its 52-week high of AU$1.3. Today, Netlinkz announced that is offering eligible shareholders an opportunity to participate in the company’s 1 for 4.2 entitlement...

  • May 12, 2021 02:20 AM AEST
  • Aayush
Blaze International shares hit 6 month-high following key acquisitions
Stock Market

Blaze International shares hit 6 month-high following key acquisitions

Summary Blaze International has established a stronghold in the Earaheedy Basin following two crucial acquisitions. The Company will acquire and Iconic Minerals Pty Ltd and Hammerhead Exploration Pty Ltd. Blaze has obtained commitments to rais...

Federal Budget 2021-22: Who are the major winners?
Economy

Federal Budget 2021-22: Who are the major winners?

Australian Treasurer Josh Frydenberg tabled the Federal Budget in the House of Representatives on Tuesday. Total revenue for 2021‑22 in the federal budget has been pegged at AU$496.6 billion, while the total expenses are expected to be AU$589.3 b...

Alligator Energy, Traxys collaborate to explore commercial opportunities
Metal & Mining Stocks

Alligator Energy, Traxys collaborate to explore commercial opportunities

Summary Exploration company Alligator Energy and Traxys North America LLC have formed a strategic partnership to develop projects further and explore market opportunities. As part of the partnership, Traxys will offer uranium marketing services...

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