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US Government to invest US$50 Million in Australia | ASX Market Update
June 22, 2020 09:22 PM AEST| By Team Kalkine MediaWholesale distributor Metcash is benefiting from a continuing growth in sales as customers rediscovered neighbourhood supermarkets during the coronavirus pandemic. The IGA supermarket supplier reported sales revenue for the 12 months to April 30 rose...
Sydney Airport Passenger Traffic slides by 97.4% | ASX Market Update
June 19, 2020 07:58 PM AEST| By Team Kalkine MediaJetstar's website has been clogged by Australians eager to make the most of heavily discounted flights in what's hoped to be a massive boost for the struggling domestic travel industry. Fares will cover 35 routes across 15 destinations in New South W...
US listed Healthcare Players on Vaccine Development for COVID-19
June 19, 2020 02:57 PM AEST| By Team Kalkine MediaSeveral healthcare companies and researchers across the globe are burning the midnight oil for finding a safe and effective vaccine/treatment for deadly novel coronavirus. Meanwhile, some concerns related to a second wave have triggered a global dil...
Is the Second Wave of COVID 19 Already Approaching?
June 19, 2020 02:47 PM AEST| By Team Kalkine MediaAt the moment, governments across the world are struggling between managing public health and reviving the respective economies. The countries are working hard to contain the spread and gradually resume business to kickstart the economy. While sever...
Temple & Webster Reaped a 90% Improvement in Revenue | ASX Market Update
June 18, 2020 08:24 PM AEST| By Team Kalkine MediaThe ACCC has summarized preliminary concerns with the proposed acquisition of Fitbit by Google, stating that access to consumer health data may increase entry barriers, further entrench its leading position and negatively affect competition in numero...
Mercury Capital Acquires Bauer Media | ASX Market Update
June 17, 2020 08:28 PM AEST| By Team Kalkine MediaBHP has hired biotech CSL's finance boss, David Lamont, who will return to the mining giant. Mr Lamont will take up the chief financial officer role from December and join BHP's executive team after almost five years at CSL. Incumbent Peter Beaven wi...
TikTok Appoints former Google Executive LEE HUNTER as GM | ASX Market Update
June 16, 2020 05:28 PM AEST| By Team Kalkine MediaAs per weekly payroll figures from ABS, total payroll jobs increased by 1% in May. Total Payroll job losses recovered to 7.5% in May end from the peak of 8.9% in mid-April. Number of Payroll jobs rose by 0.4% from 23 May to 30 May while total wages p...
Asian Markets Plunge Again | ASX Market Update
June 15, 2020 08:38 PM AEST| By Team Kalkine MediaAsian markets have started the week on the backfoot while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0....
Why Zoom suspends activist's account?
June 13, 2020 04:05 AM AEST| By Team Kalkine MediaVideo conference app Zoom closed the account of exiled dissidents in the US after using the platform to host a forum about Beijing's violent crackdown on activists at Tiananmen Square in 1989. The conference on May 31 saw attendees dialing in from C...
How to live a healthy life during LOCKDOWN?
June 13, 2020 04:00 AM AEST| By Team Kalkine MediaWith all of the nation in lockdown due to COVID-19, keeping healthy physically and mentally is more vital than ever. Because you're not used to being at home each day, unexpectedly discovering yourself restricted to your house for several weeks can...
Chinese Investment fallout in Australia | Are there any fallout spots?
June 12, 2020 09:54 PM AEST| By Team Kalkine MediaBrimming stiffness over the COVID-19 outbreak has undeniably caused stress in Australia and China's relationship. Australia has been one of China’s top FDI destinations, and there have been signs of increasing conflict between the two nations.?...
TPG Shareholders to receive a special dividend of 49 to 62 cents/share | ASX Market Update
June 12, 2020 09:52 PM AEST| By Team Kalkine MediaAged care operator Estia Health and drugmaker Mayne Pharma will be among the major companies dropping out of the benchmark S&P/ASX 200 index from June 22. Other companies dropping out of the coveted list as part of the quarterly rebalancing inclu...
Australia rejects claim on being unsafe for International Students!
June 11, 2020 04:05 AM AEST| By Team Kalkine MediaChina accounted for 27% of international students in Australia as of March this year, and Chinese travellers are the country's largest source of international tourism revenue. Senior government ministers have rejected China’s allegation that i...
Sale of BESTON'S Dairy Farms for $40.4 million | ASX Market Update
June 11, 2020 04:00 AM AEST| By Team Kalkine MediaTalking about Government’s recent announcement on the Early Childhood Education and Care Relief Package (CRP) and Transition arrangements. TNK has grown its workforce by 5% with most of the team getting back to its services to meet the growing...
Bunnings Sales soar to 19.2% | ASX Market Update
June 09, 2020 09:07 PM AEST| By Team Kalkine MediaWesfarmers says it is seeing significant demand growth in its Bunnings and Officeworks businesses as customers continue to spend more time at home, amid coronavirus restrictions. Sales growth at Bunnings is up 19.2 per cent in the second half of the...
Virus Support Extended for Aviation Sector | ASX Market Update
June 08, 2020 05:41 PM AEST| By Team Kalkine MediaAustralia’s largest independent regional airline, Regional Express Holdings Limited (ASX:REX) announced to increase its flying schedule in response to QantasLink’s measures to more than double its flights to ports that are in competition...
Is Australia in a V shaped Recovery Zooming from the expected ‘U’ Style
June 06, 2020 04:00 AM AEST| By Team Kalkine MediaMany policy experts and corporate executives have been predicting a V-shaped recovery from coronavirus, i.e. a quick recovery in the economic growth after a steep decline. It implies that the recession lasts only a few quarters before the economy ret...
How Kogan Sales surge by more 100% amid coronavirus? | ASX Market Update
June 05, 2020 08:06 PM AEST| By Team Kalkine MediaOnline shopping trader Kogan has reported a surge in sales during April and May even as coronavirus lockdowns restricted activity in the retail sector. Kogan said in a fourth-quarter progress report gross sales were up more than 100 percent from a ye...
Australia's Economy contracted 0.3% in March Quarter | ASX Market Update
June 03, 2020 09:11 PM AEST| By Team Kalkine MediaAustralia's economy contracted 0.3 per cent in the March quarter, according to new economic figures that make it certain the country will officially be declared in a recession in September. Growth in gross domestic product grew just 1.4 per cent in t...
100K Woolies Workers to receive Shares and Vouchers | ASX Market Update
June 02, 2020 07:32 PM AEST| By Team Kalkine MediaNews Corp’s With Her In Mind (Whimn) Network will cease publication on 30 June. In addition, its Sunday magazine lifts out Stellar will combine with the publisher’s other weekend brand Body + Soul from 5 July. The latest changes at one of...
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