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SUDA Declares Approval on Anagrelide Cancer Patent from Australian Patent Office; Stock Soars 12%
September 08, 2020 01:16 PM AEST| By Team Kalkine MediaSUDA Pharmaceuticals Limited (ASX:SUD) shares are trading ~12 per cent higher at $0.048 (as at 12:01 PM AEST) following the release of key update on Anagrelide Cancer Patent. SUDA has notified that the Australian Patent Office has accepted the...
Troy Resources commences diamond drilling at the high-grade Smarts underground area
September 08, 2020 01:15 PM AEST| By Team Kalkine MediaTroy Resources Limited (ASX:TRY) announced the commencement of diamond drilling at the highly prospective high-grade Smarts underground Area within the Karouni project. The diamond drilling program plans to complete drilling at three to four drill h...
Victorian Payroll Jobs Fall At A Slower Pace
September 08, 2020 01:13 PM AEST| By Team Kalkine MediaAs per ABS statistics, payroll jobs have fallen by 0.4% over the month to 22 August across Australia and by 2% in Victoria. Bjorn Jarvis, ABS Head of Labor Statistics stated that though payroll jobs witnessed a fall in the third week of August as wel...
APRR Prices €500 Million of Bonds Under Euro Medium Term Note Programme
September 08, 2020 01:12 PM AEST| By Team Kalkine MediaAtlas Arteria (ASX:ALX) announced that APRR has priced €500 million of bonds under its Euro Medium Term Note Programme for 8.3 years which would mature on 8 January 2029. The proceeds raised through the bonds would be used to refinance debt and...
Trump Pledges Idea of Decoupling US Economy from China
September 08, 2020 01:10 PM AEST| By Team Kalkine MediaAmerican President Donald Trump once again raised the notion of separating the US and Chinese economies. President Trump vowed to decouple the US economy from China and bring jobs back to America from China. President also asserted that his adminis...
Sydney Airport Completes Retail Shortfall Bookbuild
September 08, 2020 01:06 PM AEST| By Team Kalkine MediaSydney Airport (ASX:SYD) announced that it has completed the retail shortfall bookbuild, which concludes the Entitlement Offer. The Retail Entitlement Offer has raised gross proceeds of ~ A$695 million by issuing ~ 152 million New Shares at an offer...
OptiComm Receives Non binding Conditional Competing Proposal from FSS Trustee Corporation
September 08, 2020 01:05 PM AEST| By Team Kalkine MediaOn 15 June 2020, OptiComm Ltd (ASX:OPC) had entered into a Scheme Implementation Deed with Uniti Group Limited (ASX:UWL) to acquire OptiComm by way of a Scheme of Arrangement. The Uniti Scheme offers several considerations for OptiComm shareholders...
New Energy Solar To Undertake Strategic Review
September 08, 2020 01:04 PM AEST| By Team Kalkine MediaNew Energy Solar (ASX:NEW) has announced its decision to carry out a larger review of its portfolio of assets with emphasis on enhancing securityholder value. Some of the highlights of the process include: Continuation of negotiations for the sale...
Mobile Apps Market to be Scrutinized By ACCC
September 08, 2020 01:03 PM AEST| By Team Kalkine MediaThe ACCC would be analysing the experiences of Australian consumers, developers, suppliers and others. The issues to be assessed include: Usage and sharing of data by apps The level of competition amongst Google and Apple’s app stores. Nee...
Queensland announces tax relief for SMEs with Australia planning more tax cuts ahead
September 08, 2020 12:00 AM AEST| By Team Kalkine MediaThe Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and medium enterprises (SMEs) with the motive of protecting SMEs in Queensland that are currently reeling u.....
Government plans ‘SEAT out to help out’ scheme, Cineworld to be impacted positively
September 07, 2020 11:11 PM AEST| By Team Kalkine MediaIn its efforts to bring large crowds that are required for the theatres and sports stadiums to operate viably during the coronavirus pandemic, the government plans to bring a ‘SEAT out to help out’ scheme. Oliver Dowden, Cultural Secret.....
Brexit Updates: UK Contemplates A New Bill, British Logistics Sector Looks To Avoid Chaos
September 07, 2020 11:00 PM AEST| By Team Kalkine MediaDavid Frost, chief negotiator, Brexit talks has said that the UK will not take a backstep on any of its demands with respect to its future relationship with the EU (European Union). He added that the EU side has no option but to understand that the.....
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Market Update: S&P/ASX200 Lost 2.0% in Five Days: What Investors Need to Know?
September 07, 2020 09:58 PM AEST| By Team Kalkine MediaAt the close of trading session on 7th September 2020, the equity market of Australia closed in green. The benchmark index S&P/ASX200 settled at 5944.8 with a rise of 19.3 points. In the last five days, the index has lost 2.0%. S&P/ASX 200 Ma...
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Is this record-breaking ASX 200 player on a correction mode: Afterpay share price & sector squeeze?
September 07, 2020 08:32 PM AEST| By Team Kalkine MediaSummary The advent of Paypal in the BNPL market has created a ripple with all BNPL stock prices turning south. PayPal, with a database of more than 300 million users and 26 million merchants, is a potential threat to present BNPL players. With.....
3 ASX Growth Stocks That Corrected Last Week - Afterpay, NEXTDC and Medibank
September 07, 2020 08:25 PM AEST| By Team Kalkine MediaSummary The market seems to have bounced back after a gloomy week where a massive drop was seen across various sectors, majorly driven by the tech-led plunge on Wall Street. Afterpay experienced a drop of 14.48% during the week despite strong F.....
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Can Bitcoin be converted to real currency?
September 07, 2020 08:14 PM AEST| By Edita IvancevicSummary As monetary policies keep progressing, currency in Bitcoin seems to have a bright future. With many efficient advantages, it is no wonder why investors find Bitcoin investment-worthy, mostly because all transactions can be made anywhere.....
Cornwall throws the hat back into the ring, should ASX lithium players be worried?
September 07, 2020 06:29 PM AEST| By Team Kalkine MediaSummary The U.K. government is pushing for the development of its lithium and EV industry. Cornwall is now trying to bring its lithium-mining industry to live once again with the government pushing for developing its lithium industry to supply .....
Market Close Commentary; 7 September 2020
September 07, 2020 06:15 PM AEST| By Team Kalkine MediaToday the Australian stock market reflected a fluctuating pattern as the benchmark index S&P/ASX200 kept going up and down between the red and green zones. However, it managed to end up in the green zone and settled at 5944.8, slightly up by 0.33...
ASX 200 Biotech Major CSL Inks Two Deals to Manufacture COVID-19 Vaccines in Australia
September 07, 2020 05:57 PM AEST| By Team Kalkine MediaSummary Governments in several countries are securing early access of COVID-19 vaccine by signing deals with the frontrunners. ASX 200 biotech player, CSL Limited had signed two Heads of Agreement to manufacture and supply COVID-19 vaccine acro.....
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US unemployment rate improves, but the Market ended in Red
September 07, 2020 05:45 PM AEST| By Team Kalkine MediaSummary The US stocks ended lower before recovering on 4 September due to a sell-off of technology stocks that overshadowed the improved unemployment rate data. The US unemployment rate improved after falling to 8.4% in August compared to 10.2%.....
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