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Highlights After the collapse of the algorithmic stablecoin TerraUSD, the world’s leading stablecoin Tether, briefly lost its peg on 12 May. Friday (13 May) brought some joy and relief to the stablecoin traders as Tether managed to climb ...

• May 13, 2022 10:03 PM AEST
• Manu Shankar

Highlights Russia’s invasion came at a time when prices of various metals were already rising due to supply tightness. Europe’s mining sector is probably the hardest hit in the world due to the current energy supply disruptions. Ca...

• May 13, 2022 09:25 PM AEST
• Arpit Verma

Highlights Macquarie Group has declared a final dividend of AU$3.5 per share for FY22. The record date for the final ordinary dividend is 17 May 2022. The dividend yield of MQG shares stands at a lucrative 4.15%. Macquarie Group Limited (...

• May 13, 2022 09:12 PM AEST
• Aayush

Highlights In Australia, the total number of COVID-19 cases stands at 6,442,558 Western Australia (WA) is witnessing a spike in COVID-19 cases, with nearly 15,000 locally acquired cases in the last 24 hours More than 20 million people have rec...

• May 13, 2022 07:34 PM AEST
• Aditi Sarkar

Highlights British YouTuber and rapper JJ Olatunji, also known as KSI, lost more than US$2.8 million in the current crash. On 13 May, Terra lost 100% of its value and was trading at US$0.00001959 with a trading volume of US$408,542,399 over a d...

• May 13, 2022 06:51 PM AEST
• Manu Shankar

Highlights The S&P/ASX200 closed in green on Friday, gaining 1.93% to 7,075.10 after setting a new 50-day low. The ASX 200 Materials Index closed 1.56% higher at 16,677.50 points. Mining firm Global Lithium also performed well today. ...

• May 13, 2022 06:49 PM AEST
• Bhawna Gupta

Highlights Australian stocks end the loss rally to close 1.9% higher today (13 May). Top 50 Large-cap equities also end the week's trade about 2% higher. Blue-chip stocks worth noticing before the weekend are Wesfarmers, Goodman Group, Woolwor...

• May 13, 2022 06:28 PM AEST
• Sukriti Nair

Highlights Amid the rising crypto market, the STEPN (GMT) crypto was among the top gainers as its price was up by 70 per cent. The Green Metaverse Token (GMT) is the governance token of STEPN, a crypto-based lifestyle application. The GMT cryp...

• May 13, 2022 05:32 PM AEST
• Raza Naqvi

Highlights ASX 200 stormed 1.9% higher to 7,075.1 in the third-biggest daily gain this year. Every sector closed in positive territory; tech sector led the rebound with a 7% rise. Fears of a global recession induced by aggressive central bank ...

• May 13, 2022 05:27 PM AEST
• Sukriti

Highlights Zip shares closed 5.88% higher at AU$0.99 each today. While Zip did not provide investors with any price-sensitive information today, the most likely cause of the price hike could be broader tech sector improvement. The S&P/ASX ...

• May 13, 2022 04:40 PM AEST
• Bhawna Gupta