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Market updat
Australia's exports and imports both pared down in April | ASX Market Update
May 25, 2020 12:00 PM AEST| By Team Kalkine MediaInsurance giant QBE says its exposure to business interruption insurance claims by UK customers will be limited to $US75 million ($A115 million) because of reinsurance. QBE said it usually provides business interruption insurance as part of a broader...
Car Rental Giant filed for Bankruptcy | ASX Market Update
May 23, 2020 09:04 PM AEST| By Team Kalkine MediaFacebook employees will have the option to permanently work from home but can expect a pay cut if they move to less expensive areas to continue the job. Facebook CEO Mark Zuckerberg announced via livestream that he expects about 50 per cent of the co...
Market Update: Performance of Markets on 22 May 2020
May 22, 2020 08:00 PM AEST| By Team Kalkine MediaAt the close of the trading session on 22 May 2020, equity market of Australia closed in red. S&P/ASX200 ended at 5497, reflecting a decline of 53.4 points. Most of the sectors on ASX closed in red such as S&P/ASX 200 Health Care (Sector), wh...
Company Wesfarmers announced up to 167 stores to disappear | ASX Market Update
May 22, 2020 07:44 PM AEST| By Team Kalkine MediaAustralian Target fans are in mourning today after parent company Wesfarmers announced up to 167 stores could disappear forever over the next year. Under the drastic plan, up to 75 Target stores will be closed down while 92 will be converted into Kma...
Market Update: Performance of Markets on 21st May 2020
May 21, 2020 08:00 PM AEST| By Team Kalkine MediaOn 21st May 2020, the equity market of Australia ended in red, and S&P/ASX200 settled at 5550.4, reflecting a fall of 22.6 points. S&P/ASX 300 Metals and Mining (Industry) went down by 0.64% to 4,333.6. S&P/ASX 200 Utilities (Sector) ende...
Afterpay has signed up 1 million ACTIVE US Customers | Market Update
May 21, 2020 05:00 AM AEST| By Team Kalkine MediaAfterpay says it has signed up 1 million active customers in the US over the past 10 weeks as consumers went online to shop during the coronavirus shutdown, and now has 5 million active customers in the world's largest economy. The buy now, pay later...
Market Update: Understanding the Performance of Markets on 20th May 2020
May 20, 2020 09:07 PM AEST| By Team Kalkine MediaThe equity market of Australia ended in green on 20th May 2020 and the benchmark index S&P/ASX200 stood at 5573 with a rise of 13.5 points or 0.24% on an intraday basis. S&P/ASX 200 Consumer Discretionary (Sector) went up by 19.4 points to 2,...
Facebook launching 'Shops' on its social Media Platform | Market Update
May 20, 2020 07:55 PM AEST| By Team Kalkine MediaAustralian Agricultural Company (AA Co) has shrugged off a recent ban by China on beef imports from some of its plants, saying it is working with government and industry to respond to the implications. Australia's largest beef producer says its globa...
Market Update: Performance of Markets on 19th May 2020. A Quick Look
May 19, 2020 09:54 PM AEST| By Team Kalkine MediaAt the close of session on 19th May 2020, the equity market of Australia settled in green. S&P/ASX200 moved up by 1.81% to 5559.5. Most of the sectors on ASX settled in green such as S&P/ASX 200 Industrials (Sector), which closed at 5,519.2 w...
James Hardie declined to provide annual guidance | Market Update
May 19, 2020 08:30 PM AEST| By Team Kalkine MediaBuilding products manufacturer James Hardie has declined to provide an annual guidance but expects margins in its key North America business to stay resilient despite the coronavirus-related disruptions. The company reported a 6.0 per cent increase i...
Market Update: How Australian Markets Performed on May 18, 2020?
May 18, 2020 10:41 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in the green on 18th May 2020 and S&P/ASX200 settled at 5460.5, reflecting an increase of 55.7 points or 1.03%. S&P/ASX 200 Consumer Discretionary (Sector) went up by 1.34% to 2,176.2. S&P/ASX 200 Ene...
Foxtel's "Next Generation Entertainment Streaming Service" to launch next week? | Market Update
May 18, 2020 05:57 PM AEST| By Team Kalkine MediaFoxtel has pegged “the growth engine” of the subscription TV group to a “next-generation entertainment streaming service” — to launch next week. With the streaming platform’s much-mooted name yet to be confirmed, F...
Why Airbus plans to cut jet production? | Market Update
May 16, 2020 09:14 PM AEST| By Team Kalkine MediaPlanemaker Airbus has told senior staff the company must be "resized" in plans to be set out around the end of June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter say. Chief...
Market Update: Understanding the Performance of Markets on 15th May 2020
May 15, 2020 09:21 PM AEST| By Team Kalkine MediaAt the end of the trading session on 15th May 2020, equity market of Australia closed in green. S&P/ASX200 settled at 5404.8, indicating a rise of 76.1 points. S&P/ASX 300 Metals and Mining (Industry) moved up by 145.2 points or 3.74%...
Why Global G Star brand has appointed administrators to Australian Business? | Market Update
May 15, 2020 12:00 PM AEST| By Team Kalkine MediaGlobal fashion brand G-Star has appointed administrators to its Australian business after the COVID-19 restrictions tipped the balance for the company after already poor retail performance. The Dutch-owned retailer has 57 outlets across Australia and...
Market Update: Performance of Markets on 14th May 2020
May 14, 2020 09:43 PM AEST| By Team Kalkine MediaThe equity market of Australia settled in red at the close of session on 14th May 2020. The benchmark index S&P/ASX200 fell by 1.72% to 5328.7. S&P/ASX 200 Consumer Discretionary (Sector) went down by 24 points to 2,137.5. S&P/ASX 200 Ind...
How more than half a million Australians lost their job? | Market Update
May 14, 2020 09:06 PM AEST| By Team Kalkine MediaMore than half a million Australians lost their job in just one month according to the latest official figures. Seasonally adjusted employment fell by 594,300 people between March and April, according to the Australian Bureau of Statistics. That equa...
Market Update: Understanding the Performance of Markets on 13th May 2020
May 13, 2020 09:12 PM AEST| By Team Kalkine MediaAt the end of the trading session on 13th May 2020, the equity market of Australia settled in green. S&P/ASX200 settled at 5421.9 with a rise of 18.9 points or 0.35%. The index has gained 0.69% over the last five days. S&P/ASX 200 Health Care...
Market Update: How S&P/ASX200 Performed on 12th May 2020?
May 12, 2020 08:58 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in red at the close of trading session on May 12, 2020. S&P/ASX200 witnessed a sharp fall of 58.2 points to 5403. S&P/ASX 200 Energy (Sector) moved down by 180.3 points to 7,115.5 and S&P/ASX 300 Meta...
China has suspended imports from four Australian abattoirs? | Market Update
May 12, 2020 12:00 PM AEST| By Team Kalkine MediaRichard Branson has agreed to sell shares worth around AU$765 million in his Virgin Galactic space business to raise funds for his struggling airline and leisure businesses. The businessman, who has previously suggested he would be willing to re-mort...
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