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ASX 200 sheds 1.03% as tech, telco and banking stocks lead losses
May 31, 2022 06:39 PM AEST| By Sukriti NairDP numbers. After Monday’s glittery opening, the ASX 200 witnessed a quick turnaround today. The benchmark index dropped 1.03% to 7,211.20 and traced below its 125-day moving average. Though in the last five days, the index has gained 1.16...
Here’s why ACCC sued Mastercard over retailer deals
May 31, 2022 06:07 PM AEST| By Toshiva JainHighlights The Australian Competition and Consumer Commission (ACCC) has accused Mastercard of substantially trying to lessen competition in debit card acceptance services. According to the ACCC, the said activity began in 2017 during Reserve B.....
Oil hits two-month high as China eases COVID-19 restrictions
May 31, 2022 05:56 PM AEST| By Arpit VermaHighlights Crude oil prices soared to two-month high on Monday. The current surge in oil prices has been witnessed after two consecutive weekly gains. China’s economic capital, Shanghai announced to end its two-month-long COVID-19 lockdo.....
Canada's Newton crypto exchange hacked? Find out more here
May 31, 2022 05:25 PM AEST| By Raza NaqviIn Canada, crypto investors stay alert as QuadrigaCX, probably the largest cryptocurrency exchange in the country, halted operations in 2019. QuadrigaCX was a subsidiary of Quadriga Fintech Solutions, which filed for bankruptcy with liabilities of.....
Latest drilling confirms multiple stacked Au & Ag lenses at Shree Minerals’ (ASX:SHH) Rock Lodge
May 31, 2022 04:57 PM AEST| By Arpit VermaHighlights Shree Minerals has intersected multiple stacked Gold & Silver lenses at the Rock Lodge prospect. New drilling results coupled with previous drilling map out a mineralised envelope that’s 60m wide. Shree plans to drill two .....
What to expect from Australia’s Q1 GDP data due tomorrow?
May 31, 2022 04:43 PM AEST| By Akanksha VashishtHighlights The upcoming GDP data for the March quarter is expected to be significantly lower than the previous quarter’s data. Big four banks have projected dismal economic growth figures for the March quarter. Consumer spending has kept.....
Why is Waves (WAVES) crypto buzzing today with over 100% gains?
May 31, 2022 04:40 PM AEST| By Sonal GoyalAfter plunging by over 90% from its 31 March high of US$54.61 to US$4.39 on 27 May 2022, Waves (WAVES) crypto is showing some signs of pullback in the last 24 hours, in-line with the overall crypto market. At the time of drafting this article, W...
More pain ahead for Aussie housing sector as interest rates rise
May 31, 2022 03:52 PM AEST| By Akanksha VashishtThe average Aussie mortgage holder is facing immense pressure as the pandemic-induced economic adversities show no signs of a reversal. Most global economies have emerged out of the economic slump encountered during the pandemic. However, bigger pr.....
IMF’s take on why countries must cooperate on carbon prices
May 31, 2022 03:48 PM AEST| By Toshiva JainHighlights Carbon pricing is considered one of the most effective tools for limiting the dependency on fossil fuels and diverting energy production to green and renewable sources. The International Monetary Fund (IMF) believes that carbon prici.....
RIO, BHP, MIN: How are these ASX iron ore stocks performing today?
May 31, 2022 03:33 PM AEST| By Priyanka PayalHighlights The iron ore futures price rose 0.1% to US$133.60 a tonne on Monday as China relaxed COVID-19 curbs. The rise in iron ore price seems to have pushed the materials sector higher, which was one of the three sectors trading in the green.....
Crypto Catch: Bitcoin roars back to form, on track to regain US$32k level
May 31, 2022 02:29 PM AEST| By Daniel Paul JohnsHighlights The crypto winter, which has plagued the market since the closing month of last year, could finally be coming to an end. After being stuck in a bear run for the better part of a month, the top-ranked cryptocurrency, soared as high as.....
First Au (ASX: FAU) boosts project portfolio through rigorous exploration programs
May 31, 2022 02:10 PM AEST| By Arpit VermaAustralia’s diversified mineral exploration company, First Au Limited (ASX: FAU, OTCQB: FRSAF), is actively pursuing exciting opportunities in the gold and base metal space on the back of highly prospective exploration projects across Austral.....
Imugene (ASX:IMU) reports publication of CHECKVacc abstract at ASCO 2022
May 31, 2022 01:53 PM AEST| By DaminiHighlights Imugene Limited (ASX:IMU) has recently announced the publication of CHECKVacc abstract at ASCO 2022. The published abstract covers details about the Company’s Phase 1 CHECKVacc trial in adults with triple negative breast cancer.....
Major update, Musgrave (ASX:MGV) increases Mineral Resource for Cue Project to 927,000 ounces
May 31, 2022 12:49 PM AEST| By Mohammad ZaidIn a latest development, Musgrave Minerals Limited (ASX:MGV) has announced a substantial Mineral Resource estimate (MRE) update on its fully-owned tenure at the flagship Cue Gold Project, located in the Murchison district of Western Australia. &nbs.....
Fiducian Group (ASX:FID) eyes strong growth
May 31, 2022 12:20 PM AEST| By Mohammad ZaidHighlights Fiducian Group Limited (ASX:FID) has turned the corner around a challenging time with strong support from its senior management and staff. During 1HFY22, FID delivered robust performance and declared an interim fully franked dividend.....
Fiducian Group (ASX:FID) reports growth in FUMAA in March 2022 quarter
May 31, 2022 12:13 PM AEST| By Mohammad ZaidSpecialist financial services company Fiducian Group Ltd (ASX:FID) has been reporting good growth over recent periods. Continuing the trend, the Company has reported notable growth in its Funds Under Management, Administration and Advice (FUMAA) du.....
Jeeves.Plus makes a strong case to get started with Business Messaging for Customer Service
May 31, 2022 11:26 AM AEST| By Mohammad ZaidThe world is changing rapidly, and technological advancements are shaping things at an unprecedented pace. In a more connected world, companies are spending a significant part of their budgets on enhancing customer service experiences. Jeeves.Plus.....
How Labor's new climate policy can benefit banks
May 31, 2022 11:11 AM AEST| By Akanksha VashishtThe newly elected Australian Prime Minister Anthony Albanese has heralded his party’s climate-oriented agenda throughout his campaign. His focus on developing renewable energy in the country and enhancing the Australian grid with alternate fo.....
ASIA, CRYP, ESPO: How these 3 ASX tech ETFs have fared in past month
May 31, 2022 10:51 AM AEST| By AshishHighlights ETFs provide investors with an option to access many shares via a single investment. Rising inflation and interest rates have kept tech market investors on the tenterhooks. Many tech ETFs are facing pressure on account of...
Why BUB, AKE hit new 52-week highs yesterday
May 31, 2022 08:34 AM AEST| By Ashishhs. The Australian share market ended on a strong note on Monday amid a broad market-rally. While the benchmark ASX 200 index rose 1.45%, the ASX All Ordinaries closed with a gain of 1.48%. There were a few shares which recorded significant ga...
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